IoT Services in the Connected Hospital: Product and Services Opportunities for the Patient Monitoring Equipment Market Image

IoT Services in the Connected Hospital: Product and Services Opportunities for the Patient Monitoring Equipment Market

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The global healthcare market is in a state of crisis, and IoT services and technology can help to reduce the rising costs while also increasing the amount of care patients can receive. Nurses and other caregivers spend much of their day transcribing data from patient monitoring devices into patients’ electronic medical records. As a result, nurses are more focused on administrative tasks than on delivering true and effective patient care. By connecting these devices through existing wireless networks within hospitals to the patient’s electronic medical records, this data is able to be aggregated and analyzed. Transcription errors are virtually eliminated. Medical providers are able to receive an instantaneous holistic view of a patient and are better enabled to create effective treatment plans. Due to cost restrictions, many hospitals and caregivers are not utilizing these advanced patient monitoring devices, but within the next 5 years they will as the value propositions become clear and healthcare systems continue to shift from a service-based payment model to a value-based payment model.

Table of Contents

Table of Contents

  • 1. THE CONNECTED HOSPITAL
    • 1.1. What is the "Connected Hospital?"
    • 1.2. IoT Defined
      • 1.2.1. IoT Services
    • 1.3. Other Terms Defined
      • 1.3.1. EMRs
      • 1.3.2. EHRs
      • 1.3.3. Patient Monitoring Devices
      • 1.3.4. Unconnected Patient Monitoring Devices
      • 1.3.5. Connected Patient Monitoring Devices
    • 1.4. Types of Conditions Monitored
    • 1.5. Drivers Toward Connectivity in the Patient Monitoring Device Market
      • 1.5.1. Public Sector
      • 1.5.2. Private Sector
    • 1.6. Inhibitors of Connected Patient Monitoring Devices
    • 1.7. Patient Monitoring Device Product Examples
  • 2. PATIENT MONITORING DEVICES, MARKET TRENDS, AND FORECASTS
    • 2.1. Addressable Market Growth
    • 2.2. Wireless Connected Patient Monitoring Device Protocols
  • 3. PATIENT MONITORING DEVICE MANUFACTURERS AND SERVICE PROVIDERS
    • 3.1. Device Manufacturers and Service Providers
      • 3.1.1. GE Healthcare Worldwide
      • 3.1.2. Philips
      • 3.1.3. Welch Allyn
      • 3.1.4. Abbott Diabetes Care
      • 3.1.5. CareFusion
      • 3.1.6. Hospira
      • 3.1.7. Smiths Medical
      • 3.1.8. Spacelabs Healthcare

Charts

  1. Patient Monitoring Device Install Base, Clinical Segment, Connected and Unconnected Devices, World Market, Forecast 2014 to 2020
  2. Patient Monitoring Machines, Connected versus Unconnected Machines, Clinical Segment, World Market, Forecast: 2014 to 2020
  3. Connected Patient Monitoring Machines, Fixed versus Wireless Connections, Clinical Segment, World Market, Forecast: 2014 to 2020
  4. Connected Patient Monitoring Device Shipments by Protocol, Clinical Segment, World Market: 2014

Figures

  1. Types of Patient Monitoring Devices, Unconnected versus Connected, Clinical versus Home
  2. Patient Monitoring Device Description, Unconnected versus Connected, Clinical versus Home
  3. How Connected Patient Monitoring Works