Patient monitoring market at $3.4 billion by 2016

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Your Friday (New Year’s Eve)¬†forecast…today. GBI Research projects that the global market for ‘multiparameter patient monitoring devices’ is expected to hit $3.4 billion by 2016, reflecting a Compound Annual Growth Rate (CAGR) of 5% from 2009 through 2016. Developing countries like China and India are expected to drive the most growth–not the US–with growth rates of 12% and 9% respectively, but the US remains the largest market. And the majors–Philips (30%) and GE Healthcare (22%) apparently will continue to dominate market share. The report, Multiparameter Patient Monitoring Market to 2016 – Increasing Demand from Emerging Markets to Upset Global Market Maturity, will set your 2011 budget¬†back a tidy $3,500. Release.