Patient Monitoring Market Analysis, Size, Trends | China | 2017-2023 | MedSuite (Includes 6 Reports)
- Year: 2017
- Scope: 2013-2023
- Region: China
- Pages: 245
- Published Date: 4/1/2017
- Type: MedSuite
The Chinese market is still undergoing frequent and drastic changes in terms of regulations, shaped by efforts to contain the growing healthcare budget and increase market transparency. Specifically, in some markets, the prices are being directly reduced by the government. This report includes an analysis of other factors and trends that have positively and negatively impacted the market.
The Chinese 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. In China, it was announced that pricing for surgical devices is aimed to be reduced by 15% to 25%. Furthermore, the Chinese healthcare tender system is also directly controlled by the government, and changes every two to four years. Therefore, if the Chinese government suddenly decides to give more tenders to a local low-cost producer, then the ASP of the entire market segment will decline accordingly. The high-end healthcare market will extend into lower-tier cities, while main customer groups, on which key specialties focus, will shift from middle- to high-end customers. At the same time, services that integrate medical services with tourism are also expected to grow. Meanwhile, with hospital reform, particularly with increased medical professional mobility, private hospitals will be able to enter the premium healthcare segment that previously held high technical barriers.
Patient Monitoring Market Report Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2023, and Historical Data to 2013
- Market Drivers & Limiters for Each Device Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios for Top Competitors
- Related Press Releases from Top Competitors
Patient Monitoring Market Share Insights
Companies researched in this report for China include GE Healthcare, Philips Healthcare, CONTEC Medical, Sonoscape, A&D Medical, Medtronic COMEN, Masimo Luckcome, Perlong Medical, St. Jude Medical, Beijing Choice, Biolight, Edan, Boston Scientific, Healicom and various others.
iData’s 9-Step Research MethodologyOur reports follow an in-depth 9-step methodology which focuses on the following research systems:
- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.