Global Multi-Parameter Patient Monitoring Equipment Market: Regional Analysis
North America held dominant position in the multi-parameter patient monitoring (MPM) equipment market in 2017, owing to the development of advanced technologies in the healthcare system and new product launches in MPM equipment market. For instance, in October 2017, Abbott Laboratories launched the first and only smartphone compatible insertable cardiac monitor in the U.S.
Asia Pacific is the fastest growing region in the multi-parameter patient monitoring (MPM) equipment market size due to increasing geriatric population suffering from any kind of age-related disease, which directly contributes to growth of MPM equipment market size. According to China National Committee on Aging (CNCA), around 241 million people in China are aged above 60, representing 17.3% of China’s total population in 2018.
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