Multi-parameter Patient Monitoring Equipment Market Expected to Reach USD 4.7 Billion Globally in 2023: Transparency Market Research (PR Newswire)

ALBANY, New York, August 17, 2015 /PRNewswire/ —

According to a new market report published by Transparency Market Research ” Multi-parameter Patient Monitoring Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023“, the global multi-parameter patient monitoring equipment market was valued at USD 3,129.4 million in 2014 and is projected to expand at a CAGR of 4.4% from 2015 to 2023 to reach USD 4,659.9.9 million in 2023.

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Multi-parameter patient monitors are medical devices used to monitor patients’ vital signs under critical care. Such monitors primarily measure five significant vital signs including heart rate, temperature examination, blood pressure, pulse oximetry, and respiratory rate. Various factors such as increasing incidence of chronic diseases, coupled with growing awareness regarding the application of multi-parameter patient monitors have fueled the growth of the global multi-parameter patient monitoring equipment market. Increased spending by patients and governments is another factor likely to drive the growth of the multi-parameter patient monitoring equipment market during the forecast period from 2015 to 2023.

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Based on acuity-level, the high-acuity monitors segment accounted for the largest share (over 40%) of the multi-parameter patient monitoring equipment market in 2014, as these devices are driven by increasing admissions to intensive care units due to respiratory and cardiovascular diseases. However, the low-acuity monitors are anticipated to expand at the fastest CAGR due to growing need for ambulatory and transport monitoring services. In addition, lesser cost of such monitors, technological advancement and greater accuracy are the major factors attributed to the high growth of the low-acuity monitors market.

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Based on end-users, the hospitals segment held the largest share of the market in 2014 due to increase in the number of critically ill patients as well as rising number of hospitals beds globally. Furthermore, huge budgets of hospitals allow them to cater to the demands of patients for better quality outcomes. On the other hand, the home health care segment is estimated to grow rapidly during the forecast period due to greater awareness regarding the convenience and cost-effectiveness of portable and easy-to-use patient monitors. In addition, the growth of the home health care end-user segment has also been fostered by the rapidly aging population and growing physician acceptance of home care.

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In terms of regional market analysis, North America accounted for the largest share (over 50%) of the global multi-parameter patient monitoring equipment market in 2014 as the region has always been on the leading edge of medical device technology and adoption. Availability of technologically advanced patient monitors and strong government support in terms of investment is boosting the growth of multi-parameter patient monitoring equipment market in North America. However, countries in Asia Pacific such as Japan, South Korea, Australia, Malaysia, India, and China are witnessing remarkable growth. This is likely to contribute to the growth of the market in the region during the forecast period from 2015 to 2023. Large number of population suffering from chronic diseases such as cardiovascular and respiratory illness, convenient market penetration in developing economies, and remarkable improvement in health care infrastructure would augment the growth of the multi-parameter patient monitoring equipment market in Asia Pacific.

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The global multi-parameter patient monitoring equipment market exhibits intense competition among the existing players. The market is fragmented, characterized by the presence of both established as well as emerging companies. Major players operating in the multi-parameter patient monitoring equipment market are Philips Healthcare, GE Healthcare, Drägerwerk AG & Co. KGaA, Nihon Kohden Corporation, Spacelabs Healthcare, CAS Medical Systems, Inc., CONTEC MEDICAL SYSTEMS CO., LTD., Guangdong Biolight Meditech Co., Ltd., Mindray Medical International Limited, and Schiller AG.

The global multi-parameter patient monitoring equipment market has been segmented as follows:

Multi-parameter Patient Monitoring Equipment Market, by Acuity-level 

  • High-acuity Monitors
  • Mid-acuity Monitors
  • Low-acuity Monitors

Multi-parameter Patient Monitoring Equipment Market, by End-users 

  • Hospitals
  • Home Health Care

Multi-parameter Patient Monitoring Equipment Market, by Geography 

North America 

  • U.S.
  • Canada


  • Germany
  • U.K.
  • Rest of Europe

Asia Pacific (APAC) 

  • China
  • India
  • Rest of APAC

Latin America (LATAM) 

  • Brazil
  • Mexico
  • Rest of LATAM

Middle East and Africa (MEA) 

  • United Arab Emirates
  • Rest of MEA

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.


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Bomb blast rocks Bangkok intersection; at least 19 dead (The Washington Times)

August 17, 2015

By Richard S. Ehrlich – Special to The Washington Times  

BANGKOK – Thai security officials sifted through the grim remains of victims and wreckage in the pre-dawn streets Tuesday, but offered no firm leads on who detonated a powerful pipe bomb targeting shoppers, tourists, religious pilgrims and rush-hour commuters in the heart of one of the city’s most popular gathering places.

In a city that has not experienced such ruthless terrorist attacks, investigators had more questions than answers.

The explosion killed at least 19 people, including foreigners, and injured 123 others in the capital’s bloodiest terrorist strike in memory. No person or group immediately claimed responsibility.

An internationally known Hindu shrine dominates the busy urban intersection where the pipe bomb was planted.

The attack poses a fresh political challenge for the authoritarian government of former Gen. Prayuth Chan-ocha, who has faced growing pressure from domestic critics and longtime allies such as the United States after seizing power in a bloodless coup last year.

“The perpetrators are cruel and heartless because they intended to take lives,” National Police Chief Somyot Poompanmoung announced in a televised broadcast early Tuesday. “Everyone knows that at 7 p.m. at the shrine there are a lot of people gathered around there – both Thais and foreign tourists – and if they plant a bomb there they know, or can assume, they will cause casualties.
“We haven’t ruled out any motive,” he said.

In Washington, the State Department said it had not determined whether any Americans were among the blast’s victims.

Bangkok was tense but calm Tuesday morning, but officials announced that more than 430 schools in the capital would be closed for the day, perhaps to ease parents’ concerns about the safety of public and private transportation.

Officials began inspecting closed-circuit television footage of the explosion, which set off a billowing fire when nearby motorcycles ignited. They also will be scrutinizing personal videos recorded by screaming pedestrians who fled in all directions and later posted their escapes online.

Rescuers removed corpses covered with white sheets from where they lay in the intersection, though some said they could retrieve only body parts. Police said the bomb was made with a pipe wrapped in cloth.

The Hindu shrine dominates the neighborhood and has long been a popular destination for tourists.

The military’s powerful Internal Security Operation Command reportedly was pursuing three possible motives: opposition to the military regime, infighting among the junta’s officials who will soon be promoted or demoted during a reshuffling, and Islamist terrorism linked to Iran and the Middle East.

“We still don’t know for sure who did this and why,” Deputy Prime Minister Prawit Wongsuwon told reporters. “We are not sure if it is politically motivated, but they aim to harm our economy, and we will hunt them down.”

The military has “ruled out insurgents from the deep south,” said a brief report in The Nation newspaper – a reference to a long-running clash by ethnic Muslims along the border with Malaysia with the central government in Bangkok.

Symbolic site

Security forces tried to determine whether the location of the blast was symbolic – the Ratchaprasong intersection where the bomb was placed is the equivalent of New York’s Times Square. The site became bloodstained in March 2010 when the military crushed the last stronghold of a pro-democracy insurrection resulting in 90 deaths, mostly civilians, during nine weeks of clashes.

The intersection is flanked by some of Bangkok’s most expensive shopping malls, five-star hotels and condominiums, and is underneath a packed commuter Skytrain monorail station.

The elegant Erawan shrine, dedicated to a four-faced statue of the Hindu god Brahman, was damaged by the bomb, which was attached to a pole along its decorative iron fence.

The shrine’s casualties included some of the throngs of worshippers and tourists who squeeze into its open courtyard every day and evening to pray at the gilded Brahman and watch ornately costumed Thai women perform ritual dances. The shrine is surrounded by Thai vendors selling flowers, incense, temple icons and live sparrows trapped in bamboo cages. Superstitious customers who set the birds free expect a reward of good luck.

Thailand’s population is majority Buddhist, but the monarchy and government include Hindu deities among its official symbols and institutions. The two communities have no history of tensions.

The military is heavily involved in fighting Islamist insurgents in southern Thailand and provides intelligence and security for this Southeast Asian nation’s other major military and political problems.

The southern rebels frequently hide bombs in cars, motorcycles and cooking gas cylinders, but there has never been any public confirmation that the insurgents have been involved in attacks in Bangkok. Their targets typically are military personnel and locations.

Some see Thailand’s domestic politics as the most likely source of the attack.
The explosions were “more likely to be some anti-junta activists, although the bombing appears to be sophisticated,” said Joshua Kurlantzick, a fellow for Southeast Asia at the Washington-based Council on Foreign Relations. The “bombing was clearly intended for the highest possible casualties.”

Thailand’s military regime, which has ruled since the coup last year, has been hit with rising criticism even among supporters, mostly because the nation’s bustling economy has cooled considerably since the junta seized power.

Pro-democracy supporters remain angry that popularly elected Prime Minister Yingluck Shinawatra was ousted in the coup and the constitution was subsequently canceled. Gen. Prayuth is crafting a new constitution that his opponents predict will consolidate his power.

Former Prime Minister Thaksin Shinawatra, Yingluck Shinawatra’s brother who was ousted in 2006, told his followers last week to oppose the next constitution, sparking concerns that fresh confrontations may be looming.

Hours after the explosions, Thaksin Shinawatra expressed his condolences on his official Twitter account and condemned the assault.

Problems for the regime

Some Thai analysts suspect splits may be worsening within the military and among the junta’s supporters because the regime has not solved many of this country’s woes but has succeeded in promoting Gen. Prayuth’s allies.

There have been other attacks in Thailand, but those occasional bomb blasts and suspected assassination attempts usually have been described as plots against Israeli diplomats.

In February 2012, three Iranian men were arrested shortly after setting off a series of claylike C-4 bombs in Bangkok that destroyed their rented house, damaged a taxi, blew off the legs of one of the Iranians and injured four Thai civilians.

Ironically, the entire Ratchaprasong intersection and surrounding area is one of the most heavily monitored urban crossroads on earth, with dozens of closed-circuit cameras mounted at scores of locations, installed after the bloody end of the 2010 insurrection.

Pedestrians and vehicles approaching and passing through the area can be observed and recorded from multiple angles, step-by-step, nonstop throughout the intersection and surrounding streets, through live feeds monitored on screens in a police bunker in a nearby five-star hotel.

For those injured by the blast, several well-equipped hospitals and clinics are close to the site, which police cordoned off during their investigation.

Several Thais and foreigners expressed dread that more confrontations may result.

They also predict that Thailand’s lucrative tourism industry will immediately suffer cancellations because many travelers come to Bangkok for shopping and sightseeing in and around the Ratchaprasong intersection.

Louis Vuitton’s opulent showroom, the Grand Hyatt Erawan’s plush hotel and other multinational venues near the site sustained shattered glass from the explosions.

Tourists reacted with concern.

“We didn’t think anything like this could happen in Bangkok,” Holger Siegle, a German who told The Associated Press that he and his bride had chosen Thailand for their honeymoon because it seemed safe. “Our honeymoon and our vacation will go on, but with a very unsafe feeling.”

⦁ This article is based in part on wire service reports.

New technology trends coming on display in IFTECH 2015 (Pakistan Press International)

August 17, 2015

The International Exhibition of Food and Beverage Processing Packaging Technologies is known as the largest annual gathering of food and beverage technology leaders and professionals in Pakistan. The mega event on technology is commences from september1-3, 2015 at Karachi Expo Centre.

IFTECH is also a B2B event, is second to none in attracting the leading global suppliers of dairy, meat, poultry, fruits and vegetable processing, packaging, bottling and filling lines, bakery, confectionery and commercial kitchen equipment, flavours and aromatics in relation to the corresponding growth of the local industry.

Pakistan is the 8th largest consumer market of the world and amongst the top 15 economies which are on the watch list for major investments. Food, beverage and restaurant business in Pakistan is booming. Leading international fast food franchises and consumer brands are successfully doing business in Pakistan. The local brand owners are working their way up for global recognition which in turn has spiked the need for latest processing packaging technologies and equipment.

IFTECH Pakistan is receiving a strong online registration from all over Pakistan and from abroad. The brand owners, influencers and decision makers are going to meet international exhibitors coming from Austria, Belgium, China, Denmark, France, Germany, Hong Kong, Iran, India, Italy, Malaysia, Netherlands, Poland, Spain, Sweden, Switzerland, Taiwan, Turkey, UAE, UK and USA. The event is well supported by government, trade bodies, publications and local food and beverage industry

As you vote, think on this… (Daily Financial Times (Sri Lanka))

By the time you read this, most probably, the die would have been cast – together with your vote.

Or is there still the faintest glimmer that you’ll catch a vision of what I’m envisaging, before you rush off to your friendly neighbourhood polling station?

I hope that either way, you – and a brace or half-a-dozen good men and women true who are asking us to pick *them* from the myriad mediocre members-to-be – will be inspired by the potential of this election to change and shape the destiny of our nation; and not simply determine which party, faction, or coalition wins…

A post-war catechism

We need to emerge from the ashes and carnage of our internal, internecine, war. Other nations (Japan, Germany) have done it well, with a little help from their friends and backers (the Allies, the Marshall Plan). Even if the circumstances and situations are vastly different between WWII and our own most uncivil ‘civil war’, the principles of rebuilding, restoring, and reconciling, can be employed to remain the same. The time has come, the time is well past, for the people of Sri Lanka to vote with their feet for politicians who want to move responsibly out of the shadow of the bitter, brutal times we faced as a nation. There is a time to remember; there is a time to forget; there is a time to move resolutely on.

VOTE FOR: Those who are mindful of the sovereignty of the country, but don’t invoke communal or chauvinistic slogans to inveigle voters to back them out of fear or frustration. Don’t let ethnically loaded politics drag us back another 37 years. Learn from the history lessons of Northern Ireland, and northern and eastern and the whole of Sri Lanka – or repeat them…

A post-conflict culture

The decade or so after the end of Sri Lanka’s hugely disruptive war could and should have been set apart to help the nation transition from a torn society into a transformed synthesis. Instead, petty and narrow-minded politics made us stare into the gun-barrel of an egregiously violent culture. The war in the north may have been over, but the rest of the country soon seemed to be hidden under a frightful canopy of threat and intimidation. There were a few ruling the many, mostly with an iron hand in a velvet glove. And while the velvet glove of visible growth was pleasant to behold (beautiful parks and walkways and waterfronts) and profitable to bridge (road, rail, port, airport, other infrastructure), the iron fist when dissidence was needed to be expressed was a grim reminder that we hadn’t made the leap from military regime to mandatory republic.

Sooner than later, business and societal and religious leaders alike – many of whom supported the heavy-handed approach of accelerated development under an ostensibly corrupt administration – baulked at the prospect of growth without equity, development without equitability, peace without justice. They are right. We don’t need a kraterocracy (rule by power). We need to see something more than the ‘Singapore under Lee’ dream happen, much less a ‘Malaysia under Mahathir’ daydream. Now is a time, another time, another chance, to cultivate the Sri Lankan version of a nation-state that shook off the shackles of colonialism and corruption and aspired to newly re-democratised country status.

VOTE FOR: Those persons and parties with a political, social, cultural, and especially economic vision wherein the world will invest in an open, honest, transparent, accountable, free market economy, where their return on investment is guaranteed by stable democratic-republicanism. Vote against ostensibly benevolent tyranny that engenders corrupt cronyism under the guise of intensive national development.


A constitutionally weak presidency

The executive presidency has been the bane of our republic for almost three decades under twice as many presidents. Just think of the number of times aspiring leaders have promised to abolish the executive presidency – and then failed to do so, for cynical and self- or party-serving reasons – to remind ourselves how welcome and attractive this proposal has been, and been made to seem, to polities fed up to the back teeth with its excesses. It is not a presidential election, true… however, here’s an opportunity – within the parameters of 19A – to vote in legislators who can work well with an accountable but still somewhat instrumental chief executive.

STRENGTH: President accountable to Parliament.

WEAKNESS: President potential cat’s-paw of Prime Minister.

OPPORTUNITY: Bipartisan politics to be built up as a bulwark of democracy.

THREAT: Both President and Prime Minister being in one party, and acting in tandem on a partisan rather than a national agenda, could and will be a bastion against reasonable republicanism.

A checked-and-balanced but powerful premiership¦

There is residual and growing sentiment among democrats that a mixed-Westminster style system would suit Sri Lanka better. Thus the valence towards a ‘weak’ president, and a ‘powerful’ prime minister. Which was the original rationale of the aspirants who came into power on the ‘good governance’ plank. But in this as in every other check and balance that empowers yet contains republican imperatives, we must proceed with due care and caution.

NAIVE: Prime Ministers with democratic track records can be trusted to be statesmen.

NECESSARY: Agency of good governance.

CYNICAL: It’s a scam.

An ethic of parliamentary and cabinet responsibility

The division of powers has not worked so well as it has done and been seen to be done in the past six months and more. Similarly, the separation of powers. But perhaps it is time for electors and elected alike to work more intentionally towards a *synthesis* of the branches of government? Mind you, not one that tends towards an undesirable *symbiosis* in which one man or machine or movement can set a monument up to itself and also its family/friends such that We are the State!





A country with a good reputation

There was once an agrarian civilisation regionally recognised as The Granary of The East. There was once a lithe modern democracy watched with envious eyes that wished to emulate its early successes: a template for Lee Kuan Yew’s fledgling Singapore. There was once a tottering near-banana republic that was held up as a negative example whose weaknesses, shortcomings, and dire failure to become or remain a functioning democracy were decried by the very Lee who upheld its exemplary early years.

Be Ceylon or Sri Lanka’s past as it may, there is a brighter, better, future that beckons. We Sri Lankans often say with a touch of pride that we can weather any storm as a nation, having been exposed to long dry spells of adversity. Let us not waste or lose the opportunity to let a grouping of parties that platform their plans and programmes on rigorous government (not necessarily strong, but sometimes weak government) provide the principles and policies by which we can aspire to this mantle of greatness and achieve it within a lifetime of the youngest voter voting today.

VOTE FOR: Those who have a demonstrably practical and implementable vision for the nation – not merely themselves, the demographic they represent and rely on, or a majority within our pluralistic state.


A great civilising regional influence

India and China are the great regional civilisations of the past. Even in the present, both are poised for regional if not international greatness – as growing economies and military-industrial powerhouses. And Sri Lanka – small, dependent on aid and protectionism, ancillary to the ambitions of our vastly more influential neighbours – may seem an island lost in the streams of time and space. However we have much that savvy politicians and incipient statesmen can build and leverage our local reputation on. Such that our global image takes on a patina and a glow, the tinges of which we began to see under the likes of the late great Srilankabhimanaya Lakshman Kadirgamar. For such a dream to materialise, we need voters and elected representatives who can transcend racial, other ethno-cultural, religious, socio-political, economic and personal/interpersonal boundaries and limit-markers that contain and restrain Sri Lankans as a people.

VOTE FOR: Visionaries, not vicious dividers of our polity into ‘traitors’ and ‘unpatriotic’ citizens. Vote against those who don’t see Sri Lanka as part of the nascent global village of which our own villagers are still only dimly aware, delighting in the narrow ultra-nationalism that provides temporary cheap election thrills but hampers our future prospects on the international stage. Vote for those who understand how the world works, and pray they will learn how the village thinks and feels soon enough to be a blessing to all – rather than the relatively better educated, world- or western-oriented minority (who read this paper, for e.g.).

CODA: A shy confession

I know, as I read back through what I’ve written above, that much – if not most – of what I’ve said is highly idealistic; even improbable. But we live in an era when the ‘impossible’ – or near-impossible – happens, and has in fact happened: a costly unwinnable war won as a pearl of great price; a corrupt unaccountable government unaccountably ousted like casting pearls before swine. So here’s hoping and dreaming that the unlikely will happen again. Long have we (you, too, dear? well, at least some of us!) dreamt that our little island-nation would take its rightful and joyous place in the sun once again. It is high time to let the high road of democratic-republicanism on which we – as a people, a polity, a power-house of principled politicians – set out seven moons or so ago to take us there.