Synopsis of the Global Non-Invasive Monitoring Device Market:

The global market for non-invasive monitoring devices is growing at a moderate pace. This market is expected to grow from USD 13,620 million in 2016 to USD 21,586.18 million by 2023, reflecting a CAGR of 6.8% during the assessment period (2017-2023). The growth is sustained by the increasing adoption of non-invasive medical technologies, particularly in North America and Europe. This helps in maintaining the sales of non-invasive monitoring devices.

The increasing prevalence of neurovascular and cardiovascular diseases has fueled the product demand in the fast-developing countries in Latin America and Asia Pacific. However, factors such as technical issues of non-invasive monitoring devices and stringent regulatory norms are expected to hinder the market growth during the forecast period.

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Global Market for Non-Invasive Monitoring Device – Segmental Analysis:

MRFR’s report offers a detailed segmental analysis of the market based on type, modality, application, end-user, and region. By type, the market has been segmented into cardiac monitoring devices, brain monitoring devices, blood pressure monitoring devices, anesthesia monitoring devices, blood glucose monitoring devices, and others. In 2016, the cardiac monitoring device segment held the largest share, representing a market value of USD 6,232.4 million. By modality, the market has been segmented into tabletop and wearable. The tabletop segment accounted for the largest share in 2016 and is expected to grow significantly during the forecast period. By application, the market has been segmented into cardiology, neurology, and oncology. Among these, the cardiology segment accounts for the largest market share and is likely to remain highly lucrative throughout the assessment period.  By end-user, the market has been segmented into hospitals and clinics, diagnostic centers, research & academic institutes, and others. The hospitals & clinics segment is likely to retain its top position towards the end of 2023.

Regional Outlook:

The global non-invasive monitoring device market, on the basis of region, is segmented into the Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas currently account for the largest share in the global non-invasive monitoring device market. This is majorly attributed to factors such as the presence of major manufacturers, increasing prevalence of cardiovascular diseases, technological advancement in non-invasive monitoring segment, raising awareness among the population and high disposable income. Asia Pacific currently accounts for the second largest market share.

The Europe market is the third largest market for non-invasive monitoring devices. Factors such as recent healthcare developments, improving economies, improving per capita income, increased healthcare spending, and governmental support for R&D are influencing the growth of the market. The Middle East and Africa with less economic developments and extremely low income accounted for the least market share in 2016 but is expected to grow, as people living in this region are becoming more aware and demand for better treatments.

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Global Market for Non-Invasive Monitoring Devices – Competitive Dashboard:

Some of the key players profiled in the report include General Electric Company, Medtronic Plc, KONINKLIJKE PHILIPS N.V, Abbott, Omron Corporation, Vaso Corporation, Integrity Applications, CAS Medical Systems, Inc., A&D Medical Inc., Tensys Medical Inc., OrSense Ltd., CNSystems Medizintechnik AG, NIMedical, and Advanced Brain Monitoring, Inc.

Segmental Overview:

By type, the market has been segmented into cardiac monitoring devices, brain monitoring devices, blood pressure monitoring devices, anesthesia monitoring devices, and blood glucose monitoring devices. Based on application, the market has been segmented into cardiology, neurology, and oncology. By end-user, the market has been segmented into diagnostic centers, research & academic institutes and hospitals & clinics. 

The segments and sub-segments covered in the report are analyzed under six major regions – North America, Latin America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Rest of the World (ROW), with respective country-level market sizing. For the scope of research, the standard definition of the product/ service “non-invasive monitoring device” is included in the report. The report discusses and interprets the current and future prospects of the industry delivering an unbiased growth assessment.

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MAJOR TABLE OF CONTENTS:

1  REPORT PROLOGUE

2  MARKET INTRODUCTION

2.1 Definition 22

2.2 Scope Of Study 22

2.3 Research Objective 22

2.4 Assumptions & Limitations 22

2.4.1 Assumptions 22

2.4.2 Limitations 22

2.5 Market Structure 23

3  RESEARCH METHODOLOGY

3.1.1 Primary Research Methodology 26

3.1.2 Secondary Research Methodology 26

3.1.3 Market Share Analysis 27

3.1.4 Market Pricing Approach 27

3.2 Market Size Estimation 27

3.3 Forecast Model 28

4  MARKET DYNAMICS

4.1 Introduction 30

4.2 Drivers 31

4.2.1 Increasing Prevalence Of Cardiovascular Diseases 31

4.2.2 Increasing Adoption Of Non-Invasive Technology 32

4.2.3 Increasing Prevalence Of Neurovascular Diseases 33

4.2.4 Increasing Geriatric Population 34

4.2.5 Favorable Reimbursement Policies 35

4.3 Restraints 36

TOC Continued…!

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