Dallas, TX -- (SBWIRE) -- 02/14/2011 -- Global Patient Monitoring Systems Market 2009-2013
The Patient Monitoring Systems market is witnessing rapid technological advancements, leading to innovative product offerings enhancing patient outcomes. Further, the incorporation of wireless and digital technology is enabling the healthcare providers to remotely diagnose and effectively manage the critically ill patients. In addition, the market is also witnessing an increased preference for portable and wireless monitoring devices. Thus, accelerating the demand for self monitoring devices and in-home monitoring systems.

With greater emphasis on healthcare, an increasing number people are becoming aware of health and well-being. Further, the availability of medical information has increased the awareness of in home monitoring systems. These monitoring systems provide instant diagnosis treatment, monitoring and management by healthcare providers to support individual patients at home. These solutions; thus, help the aging adults improve quality of life; enabling healthier and independent living . Moreover, it is a preferable alternative to control the rising healthcare costs, as it reduces the patient stay in hospitals.

The rising healthcare costs continue to be a major concern of the Healthcare industry. Further, the economic downturn has had an impact on the operating margins of hospitals, as a result of which, they are delaying investing in medical technologies. However, the governmental support in terms of stimulus packages (introduced in China and the US) is expected to drive demand for Patient Monitoring Systems. Additionally, the increase in critically ill population with cardiovascular diseases and diabetes, coupled with aging population (who require frequent monitoring of health) offer a potential growth opportunity to the Patient Monitoring Systems market.
This report by Technavio Insights highlights the scope of the Global Patient Monitoring Systems market over the period 2009-2013, along with trends, drivers, growth inhibitors and a few major vendors in the market.

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