Advanced Remote Patient Monitoring Systems, 8th Edition
New patient monitoring systems are emerging in response to the 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.
This Kalorama Information 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 which have advanced features.
The report 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 which coordinate the flow of data to hospital electronic medical record systems.
This report provides complete market sizes and forecasts for the important segments of the advanced monitoring market:
- Blood Management and Function Monitors (Glucose Monitors, Blood Pressure Monitors, PT/INR Monitors, Other Monitors)
- Cardiac Event and Function Monitors (Cardiac Rhythm/Event Monitors, EKG/ECG, Fetal Heart, Other Monitors)
- Neurological Event Monitors (EEG, Other Equipment)
- Respiratory Function Monitors (Anesthesia Monitors, Capnographs, Pulse Oximeters, Sleep Monitors, Spirometers)
- Other Advanced Monitors
The report focuses on two core segments – Telemedicine (home remote systems) and hospital patient monitoring systems with remote capability.
Advanced patient monitoring systems are focused on utilizing the technologies recently introduced to the healthcare field. Advances in remote patient monitoring include: new peripherals; real-time audio and video for “face-to-face” interaction between clinicians and patients; wireless communication systems that “sort” the vast amount of data collected in order to put it into the context of a patient’s condition; portable and ambulatory monitors; web-based access to the patient record; systems that transfer data to an electronic medical record (EMR); and full-service outsourcing that includes a clinician to evaluate data and send a report to the attending physician.
Advanced Remote Patient Monitoring Systems provides detailed product information and competitor trends by product segment, including figures that illustrate market participation by competitor. The report covers two venue segment markets for patient monitoring technologies, which are as follows:
- Hospitals/Acute Care
- Home Healthcare, Nursing Homes, Remote Facilities
Patient monitoring devices range from simple blood glucose meters to sophisticated intensive care unit (ICU) devices and implantable monitoring units. The focus of this report is advanced, often new, technologies in patient monitoring. For our purposes, these include wireless technologies, remote monitoring, telemedicine, applications to sort data by disease state, and technologies to transfer the data obtained from monitoring devices into an EMR. The report includes in tabular form a broad listing of current patient monitoring systems by supplier, category, and product name, with a brief description as well.
This is a global market report. The United States market is covered in detail, but the report also provides regional market information for the following regions and countries:
- United States
- Asia Pacific
- United Kingdom
Software markets are covered, including the following systems and capabilities:
- Advanced Monitors and Devices: for the most part, devices covered in this report can: 1) provide monitoring information beyond a patient room; and 2) provide data for an EMR system or are expected to add such features within the forecast period.
- Patient Data Processing Applications and Equipment: equipment and devices that use algorithms to evaluate monitoring measurements for a patient’s specific condition(s) and are either integrated into the patient monitoring system or are add-ons to the measuring systems.
- EMR Data Transfer Equipment and Applications: in general, the applications in this segment transfer data to third-party EMRs. (This report does not include EMR software.)
Advanced Remote Patient Monitoring Systems covers in detail market trends and indicators, touching on the top concerns of those in the industry, such as the security of computerized medical information, technology adoption, and access to on-line patient information from remote locations by both clinical professionals and patients. Interest in telemedicine and telehealth, which has exploded over the last decade, is discussed as well.
There are a huge number of companies offering some form of wireless and remote technologies, patient data processing applications and equipment, and EMR data transfer equipment. Competitors supplying advanced patient monitoring systems to hospitals are large, established healthcare companies, often working in conjunction with information technology (IT) companies on an entire system. The home healthcare and other sectors are much more fragmented and are dominated by privately held companies. In addition, some companies supply innovative products, but only for a small segment of the market; and some companies supply products on a regional basis only. Although there are many participants in the market, a handful of companies continue to make a significant impact on the patient monitoring and technologies market. A select few are profiled in this report including:
- Abbott Laboratories
- Bosch Healthcare
- Boston Scientific
- Dräger Medical
- Fukuda Denshi Co.
- GE Healthcare
- Johnson & Johnson
- Masimo Corp.
- Nihon Kohden
- Omron Healthcare
- OSI Systems
- Philips Healthcare
- Schiller AG
- Smiths Medical
- Sorin Group
- St. Jude Medical
- Welch Allyn
The base year is 2015, with forecasts provided for each year through 2020. The market was evaluated via a combination of disease prevalence trends, population trends, device innovations, federal and industry standards and regulations. Both primary and secondary sources were consulted in developing market estimates.