The market for patient monitoring equipment is expected to grow due to the rise in the elderly population in developing countries, leading to a boom in the number of patients suffering from chronic diseases such as cardiovascular disease (CVD) and diabetes, according to the new Patient Monitoring Devices Market in Emerging Countries (China, India, Brazil) to 2017 - Increasing Government Spending and Foreign Direct Investment (FDI) to Drive Future Growth report.
The new report shows that increasingly elderly populations will drive up healthcare expenditure within developing economies in future years. Chronic conditions such as cardiovascular diseases are directly related to ageing and are strongly associated with people aged 65 years and above. Therefore, as life expectancy improves in China, Brazil and India, a surge of chronic medical conditions will result in a sharp rise in healthcare spending.
Increasing per capita spending on healthcare led by government spending and Foreign Direct Investments (FDI) are other factors driving future growth. Healthcare providers are expected to increasingly resort to remote patient monitoring to reduce in-office-follow-ups, the number of hospitalizations, and in turn reduce the healthcare cost burden on insurers brought about by an aging patient pool.
In China, 38% of the total adult population is expected to be aged 65 years and above by 2050, compared to only 1.4% in 2010. In India, this is expected to increase from 7.7% in 2010 to 20.2% by 2050, while in Brazil this is predicted to grow from 10.2% in 2010 to 35.9% by 2050.
China is the largest contributor to revenues in the patient monitoring equipment market among emerging countries, with its market valued at $263.8m in 2010, or 58% of the total global revenues. This is forecast to grow at a CAGR of 7% to reach $412m by 2017. While a growing elderly population is the major driver behind this development, robust healthcare reforms implemented since 2009 are also expected to have a positive impact on growth in the future
The market for patient monitoring in the emerging countries of China, India and Brazil was valued at $457.9m in 2010, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 7% to reach revenues of $712m by 2017.
This report provides key data, information and analysis on the patient monitoring equipment markets of emerging countries. The report provides information on market landscape, competitive landscape and market trends for seven patient monitoring equipment market categories: Multiparameter Patient Monitoring, Non-Invasive Blood Pressure Monitoring, Patient Monitoring Accessories, Micro-Electromechanical Systems, Neonatal Monitors, Remote Patient Monitoring and Fetal Monitors. The report provides comprehensive information on the key trends affecting these categories, as well as key analytical content on the market dynamics and strategic competitive analysis.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis conducted by a team of industry experts.