The US patient monitoring market was valued at $2.4 billion in 2008. Driven by growth in the wireless and ambulatory monitoring and micro-electromechanical systems market categories, the market is forecast to grow by 6% annually during 2008-2015 to reach $3.6 billion by 2015. However, the multiparameter patient monitoring and the non-invasive blood pressure monitors categories will continue to be the major contributors to the overall market value.
In a market marred by a growth decline due to reduced hospital spending, the patient monitoring market players are left with no option but to diversify into low-risk sectors. While GE Healthcare, Philips Healthcare and Omron Healthcare continue to account for more than 45% of the market, M&As and geographic diversifications are expected to be at peak in the coming years.
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This latest patient monitoring market data and analysis was taken from the research report
"United States Patient Monitoring Investment Opportunities, Analysis and Forecasts to 2015" published by Global Markets Direct - for more information on this report,
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