India Market Overview for Patient Monitoring Equipment 2017 - MedView

India Market Overview for Patient Monitoring Equipment 2017 - MedView

  • June 2017 •
  • 204 pages •
  • Report ID: 4958523 •
  • Format: PDF
The full report suite on the India market for patient monitoring equipment includes multi-parameter vital signs monitoring, wireless ambulatory telemetry monitoring, telehealth, electromyogram monitoring, electroencephalogram monitoring, fetal and neonatal monitoring, pulse oximetry and blood pressure monitoring devices. Across India, there is an increasing emphasis placed on patient comfort and mobility across lower-acuity care settings, wherein gaps in monitoring are further being filled with portable solutions.

General Report Contents
• Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends
• Market Drivers & Limiters for each chapter segment
• Competitive Analysis for each chapter segment
• Section on recent mergers & acquisitions

The Indian market for patient monitoring devices and equipment includes products that are designed to measure and observe changes in vital signs, or the neurological, homodynamic and cardiac functions of a patient. The devices exist within almost all areas of hospitals and alternate care sites and are also used in patient homes. Patient monitoring devices are also used for diagnosing patients with certain health complications, providing alerts and tracking treatments. They are aimed at effectively, accurately and quickly obtaining readings that allow healthcare professionals to make appropriate decisions for patient care. In many cases, patient monitoring devices play a key role in influencing treatments and patient outcomes.

The most notable patient monitoring devices include multi-parameter monitoring and pulse oximetry devices. These devices are essential to surgeries for monitoring vital parameters from the heart, blood and lungs. Healthcare professionals require information on patients’ vital signs in order to detect major complications and intervene in time to prevent death.

As the patient monitoring device and equipment market evolves to become more efficient, less costly and more comfortable for patients and healthcare professionals alike, a shift from old equipment and technologies to new technologies is essential. Moreover, as patients are shifted out of hospitals and into alternate care sites to save costs, patient monitoring devices will accompany them. Patient monitoring is also increasingly becoming more mobile and prevalent in the home because of various forces that are driving cost-saving measures and the adherence to more preventative and re-admission-averse care models.

The Indian market is still undergoing frequent and drastic changes in terms of regulations, shaped by efforts to contain the growing healthcare budget and supporting market growth and development. Recently, the government has been adamant on clearing regulatory hurdles related to imports and exports of medical devices, and has set new standards around clinical trials. In addition, the Indian government runs several health insurance programs designed for high-risk patients to pay upfront cash and then get reimbursed by filing a claim. This process has proven inefficient and slow, and major improvements are possible if better payment mechanisms are implemented. In India, health policy is undergoing extensive reform. The government has been particularly interested in ensuring that basic medical services are available for the whole Indian population and not just for the middle and upper class.

According to the World Bank and National Commission's report on Macroeconomics, only 5% of Indians are covered by health insurance policies, which is only available for the urban, middle and high income populations. In addition to healthcare reforms, the government is encouraging private capital investment to improve service quality and meet the public’s diverse and complex needs. More reform is required to bring new opportunities to invest in the healthcare market and bring profound change to the healthcare landscape in India.