Global patient monitoring market worth more than $31B
The global advanced patient monitoring market is currently worth about $31.4 billion, inclusive of devices, peripherals, software, packaged services and other applications, according to a report from Kalorama Information.
The market has benefited from the demand to move to a more wireless and streamlined operation both within major health facilities and in the home treatment markets. Kalorama's report, Advanced Remote Patient Monitoring Systems, in its eighth edition, is a comprehensive study on the patient monitoring industry, including patient monitoring equipment and devices that have advanced features.
"Cost savings are the major driver of sales, but the demand to integrate data into an EMR has also helped fuel purchases of new PM systems," said Bruce Carlson, publisher of Kalorama Information. "There is also an increasing trend to upgrade to ambulatory and handheld devices."
The global advanced patient monitoring market has continued its expansion in both the institutional and home segments of the health market with the United States and many European countries leading in implementation. The advanced patient monitoring market includes products in blood management and function monitors, cardiac event and function monitors, neurological event monitors, respiratory function monitors, and other advanced monitors.
Editor
Editor Beth earned a bachelor’s degree in journalism and master’s in health communication. She has worked in hospital, academic and publishing settings over the past 20 years. Beth joined TriMed in 2005, as editor of CMIO and Clinical Innovation + Technology. When not covering all things related to health IT, she spends time with her husband and three children.