Kalorama: Global Advanced Patient Monitoring Market Worth $35.2 Billion
Sep 19, 2016, 10:32 ET
NEW YORK, Sept. 19, 2016 /PRNewswire/ -- The global advanced patient monitoring market is estimated to be worth $35.2 billion in 2016, according to Kalorama Information. The market, inclusive of devices, peripherals, software, packaged services, monitoring services and other applications, has been fuelled by the demand to integrate data processing capabilities and electronic medical records (EMR) transfer options, as well as an increasing trend to upgrade to ambulatory and hand-held devices. Kalorama's report, Advanced Remote Patient Monitoring Systems, in its ninth edition, is a comprehensive study on the patient monitoring industry, containing detailed market estimates and forecasts.
Advanced Remote Patient Monitoring Systems, 9th Edition, can be found at Kalorama Information: http://www.kaloramainformation.com/pub/10307860.html.
"New technological advancements in the area of wireless connectivity have increased demand, helping to accelerate the move to more wireless and streamline operations, both within major health facilities and in home treatment markets," said Bruce Carlson, Publisher of Kalorama Information. "Generally there has been growth in monitoring efforts, in an attempt to alleviate healthcare problems before they require hospitalization or emergency department visits."
New patient monitoring systems are emerging in response to increased healthcare needs of an aging population, new wireless technologies, better video and monitoring technologies, decreasing healthcare resources, an emphasis on reducing hospital days, and proven cost-effectiveness. 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 at the forefront of implementation. This market includes equipment and devices with wireless and remote technologies, patient data processing applications and features, and applications that transfer patient monitoring results to EMRs.
Patient monitoring produces a vast amount of data and, in some cases, allows patients greater mobility. Both of these mean that data can be disjointed and located in different places. The EMR or electronic health record (EHR) gives patients and physicians greater freedom, improves accuracy, and should result in better outcomes as critical records are all in one, easily transportable record.
The growing acceptance of the features and benefits of mobile technologies is illustrated in the growth of telemedicine. Telemedicine includes sending images to a specialist, live two-way video consultations between patient and provider, capturing and sending data from monitoring devices, and/or incorporating data and images into EMRs. It is reported that more than half of U.S. hospitals now offer some level of telehealth services.
On the global scale, the number of internet users has almost tripled, increasing from about 1 billion in 2005 to more than 3 billion connected users today. This provides an indicator of the widespread availability of telehealth and telemonitoring connection capabilities. As consumers are increasingly taking on the responsibility for their own health, the self-monitoring of health conditions and telehealth can be expected to increase in the future.
A significant focus of the U.S. government and the healthcare industry is to move from paper-based systems to an electronic system. The use of mobile devices may provide program developers with more options that healthcare workers can integrate easily into their workflow. A big part of the easy integration is that healthcare workers are using smartphones for personal use, which reduces the apprehension that can come from learning a new system. Integrating personal use devices with an existing network, while security measures are met, can provide health facilities with an avenue for faster electronics integration.
Advanced Remote Patient Monitoring Systems specifically focuses on technologically advanced (including wireless and remote) patient monitors, monitors with patient data processing applications, and monitors which are capable of data transfer to an EMR system – including equipment and peripherals that coordinate the flow of data to hospital electronic medical record (EMR) systems. Analysis of the global market in this report includes market sizing and forecasts for the following: the global market for advanced patient monitoring systems, 2012-2021; the global equipment and device market for advanced patient monitoring systems by product segment, 2012-2021 (blood management and function, cardiac event and function, neurological event, respiratory function, others); the global blood management and function monitor market, 2012-2021; global blood pressure monitor outlook, 2012-2021; global glucose monitor outlook, 2012-2021; distribution of sales for glucose monitors by general technology, 2016 (general monitoring technologies, continuous monitoring technologies); global prothrombin time monitor outlook, 2012-2021; the global cardiac event and function monitor market, 2012-2021; global cardiac rhythm/event monitor outlook, 2012-2021; global EKG/ECG monitor outlook, 2012-2021; global fetal heart monitor outlook, 2012-2021; the global neurological event monitor market, 2012-2021; the global respiratory function monitor market, 2012-2021; global anesthesia monitor outlook, 2012-2021; global capnograph monitor outlook, 2012-2021; global pulse oximeter monitor outlook, 2012-2021; global sleep disorder monitor outlook, 2012-2021; the global telehealth and telemonitoring service market, 2012-2021; the global patient monitoring market by end user, 2012-2021; the global advanced patient monitoring market by end user, 2012-2021 (hospital/acute care, home health/mobile care); the global hospital and acute care monitoring market, 2012-2021; global telemonitoring market, 2012-2021; and distribution of telemonitoring market by disease, estimated 2016 (diabetes/obesity, heart conditions, sleep disorders, asthma, chronic obstructive pulmonary disease (COPD), others).
The report contains segmentation of the global market for the industry, including market estimates by region, with country level information as well. Information provided includes: the global advanced patient monitoring market by region, 2012-2021 (North America, Europe, Asia Pacific, rest of world (ROW), global market); global market for advanced patient monitoring by country, estimated 2016 (United States, Germany, Japan, Canada, China, United Kingdom, Italy, France, Brazil, Mexico, ROW); the North American advanced patient monitoring market, 2012-2021; North American market for advanced patient monitoring by country, 2016 and 2021; the U.S. market for advanced patient monitoring systems, 2012-2021; U.S. advanced patient monitoring market by segment, 2016; the U.S. advanced patient monitoring market by end user (hospitals/acute care and home health/telehealth), 2012-2021; the European advanced patient monitoring market, 2012-2021; the European market for advanced patient monitoring by country, 2016 and 2021 (Germany, United Kingdom, France, Italy, rest of Europe); European advanced patient monitoring market by end user (hospitals/acute care and home health/telehealth), 2012-2021; the Asia Pacific advanced patient monitoring market, 2012-2021; the Asia Pacific market for advanced patient monitoring by country, 2016 and 2021 (Japan, China, rest of Asia Pacific); the ROW advanced patient monitoring market, 2012-2021; and rest of world market for advanced patient monitoring by country, 2016 and 2021 (Brazil, Mexico, ROW).
The corporate profiles section of Advanced Remote Patient Monitoring Systems describes companies providing leading products and some of the most interesting new technologies. There is a vast number of companies offering some form of advanced feature: wireless/remote technologies, patient data processing applications and equipment, and applications and equipment that transfer patient monitoring data to EMRs. Companies profiled include Boston Scientific, GE Healthcare, Medtronic, Philips Medical, and St. Jude Medical.
Advanced Remote Patient Monitoring Systems, 9th Edition, can be found at Kalorama Information: http://www.kaloramainformation.com/pub/10307860.html.
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About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
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