DALLAS, June 16, 2010 /PRNewswire/ -- The Healthcare practice at MarketsandMarkets is pleased to announce a new report titled Emerging Markets (BRIC - Brazil, Russia, India and China): Patient Monitors 2010 - 2014.
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MARKET OVERVIEW - The BRIC (Brazil, Russia, India and China) patient monitoring market was approximately $383 million in 2009. - The patient monitor device segment is the highest contributor in the BRIC patient monitor market with a market share of 82%. - China is the leading patient monitor market among BRIC nations valued at $182 million in 2009. - Aging population and growing presence of the private sector in healthcare delivery are an impetus to the growth of the patient monitoring market in BRIC nations. - Philips Healthcare, GE Healthcare, Draeger Medical Systems and Mindray are the major players in the patient monitoring market in BRIC countries. PATIENT MONITORING MARKET - BRAZIL - Brazil has the largest medical devices market. - Patient monitors account for 79.1% of the total patient monitoring devices market. - Philips holds 42% of the total patient monitoring market in Brazil. - ANVISA is the regulating authority responsible for the regulation of medical devices and pharmaceuticals in Brazil. PATIENT MONITORING MARKET - RUSSIA - Market for patient monitors accounted for $21.3 million in 2009. - Vital signs monitors are 9% of the total Russia patient monitoring devices market. - GE holds 23% of the total Russia patient monitors market. PATIENT MONITORING MARKET - INDIA - Patient monitor market accounts for $94.8 million in 2009. - Vital signs monitor is expected to grow at a CAGR of 10%. - Philips is the leading player in the Indian patient monitor market, holding 48% of the total market. PATIENT MONITORING MARKET - CHINA - Mindray is the market leader in the Chinese patient monitoring market, accounting for 42% of the total market. - China patient monitoring devices market accounted for $155 million in 2009. - The regulatory process for medical devices in China is controlled by State Food & Drug Administration (SFDA)
Major growth strategies followed by the industry players are new product development, mergers and acquisitions and agreements and collaborations.
New product developments form 59% of the total strategic developments in the patient monitoring devices market.
1 INTRODUCTION 1.1 KEY TAKE-AWAYS - Define and measure the BRIC patient monitoring market with respect to products. - Analyze market structure by identifying various sub-segments of the BRIC patient monitoring market. - Forecast revenues of the BRIC patient monitoring market and its various submarkets with respect to four main geographies of Brazil, Russia, India and China. - Identify major market trends and factors driving or inhibiting growth of the BRIC patient monitoring market and its various submarkets. - Strategically analyze each submarket with respect to individual growth trends and contribution to the overall BRIC patient monitoring market. - Analyze opportunities for the stakeholders by identifying high-growth segments of the BRIC patient monitoring market. - In-depth profile of key players in the BRIC patient monitoring market, and comprehensively analyze their market shares and core competencies in each segment. - Track and analyze competitive developments such as alliances, joint ventures, mergers and acquisitions in the BRIC patient monitoring market. 1.2 REPORT DESCRIPTION
BRIC patient monitoring market is witnessing substantial growth opportunities due to worldwide aging population, rise in healthcare expenditure and government initiatives to improve healthcare delivery. The BRIC patient monitor market is expected to grow at a CAGR of 10.2% from 2009 to 2014.
This report covers and analyzes the market potential of monitoring devices such as patient monitors, vital signs monitor, fetal monitors and central station monitors. It also forecasts, identifies and analyzes market trends, drivers, restraints and opportunities, competitive landscape and strategic developments.
1.3 MARKETS COVERED
The report BRIC monitoring devices categorize the market based on patient monitors, vital signs monitor, fetal monitors and central stations. In addition to the market sizes and forecasts, the report identifies and analyzes trends and opportunities for various types of monitors; providing market tables for the submarkets in Brazil, Russia, India and China.
1.4 STAKEHOLDERS - Patient monitor manufacturing companies - Patient monitor device distributors - Healthcare institutions and governing bodies - Various research and consulting firms 1.5 RESEARCH METHODOLOGY - Market revenues of the company were determined by primary research, which includes interviews with key opinion leaders, CEOs, directors and managers in the industry. - Market size of the segments was calculated using the bottom-up approach. - Market information was obtained through secondary research from company websites and news articles.
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