Asia-Pacific Patient Monitoring Market is expected to register a high CAGR during the forecast period, owing to the factors such as the increasing burden of chronic disorders and growing preference for home and remote monitoring.
Cardiovascular diseases are one the leading cause of increased morbidity and mortality in Asia-Pacific. There are an estimated number of 1.2 million (5.6%) Australian adults aged 18 years and over had 1 or more conditions related to the heart or vascular disease, including stroke, in 2017–18, based on self-reported data from the, according to the Australian Institute of Health and Welfare (AIHW) National Hospital Morbidity Database. Therefore the growing burden of such diseases is expected to increase the demand for monitoring systems in the market during the forecast period.
Key Market Trends
Weight Management & Fitness Monitoring is Expected to Show a Significant Growth Rate During the Forecast Period
The adoption of sedentary lifestyle in Asian people, such as physcial inactivity, poor diet, high consumption of sugar,etc. has led to many of the chronic conditions such as diabetes, obesity, cardiovascular diseases and others. India is known as the hub of diabetes all around the world, registering highest number of cases of diabetes.
According to the International Diabetes Federation, in 2020, around 77,005,600 cases were registered in India for Diabetes that constitutes about 8.9% of the total population. Furthermore, according to the Australian Institute of Health and Welfare, 2017-18, around 67% adults aged 18 years and above were overweight and around 25% children aged between 2 years and 17 years were overweight in Australia. Hence, it has become essential to manage these patients overall health and therefore, these factors are expected to increase the demand for weight management & fitness monitoring.
The major players in the Asia-Pacific Patient Monitoring Market are Koninklijke Philips N.V., GE Healthcare, BPL Group, Mindray Medical International Co. Ltd., Nihon Kohden Corporation, Dragerwerk AG, Siemens Healthcare GmBH, Masimo, Schiller and Spacelabs Healthcare. In 2019, Mindray Medical International Co. Ltd., introduced " BeneHeart C Series " for monitoring the heart rate.
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