Oyster Bay, New York - 16 Sep 2015
New market forecasts from ABI Research show that the connected hospital patient monitoring equipment market consisting primarily of blood pressure monitors, pulse oximeters, and electrocardiogram monitors is set to grow at a 21.1% CAGR between 2014 and 2020.This increase is driven largely by government regulations and increasing demand from a wider patient population.These connected devices not only improve the reliability of patient monitoring but also improve workflow automation through integration with patients’ electronic health records.
“The large growth rate is due to the fact that less than 15% of these devices are connected today”, remarks Research Analyst Ryan Harbison. “And although connecting patient monitoring equipment can unlock immense value, other solution elements are required to maximize the potential of device data.”
Over 90% of hospitals in the United States have both a wireless network and an electronic medical record system, but hospitals need to ensure they have a reliable network infrastructure in place capable of managing the large data loads generated by these connected medical devices. Additionally, hospitals need to continue to invest in big data and analytics solutions that will allow providers to generate actionable insights and treatment plans from this data. Other factors holding back adoption are concerns about privacy, security, and regulatory approval of new devices.
“Despite initial reservations, some of the bigger healthcare suppliers have invested early in this space,” adds Vice President Dan Shey. “General Electric’s CARESCAPE Network allows caregivers to centrally monitor patients, while Philips’ IntelliBridge Enterprise software collects and analyzes patient data to detect anomalies and provide more comprehensive monitoring. Other companies like Welch Allyn, Spacelabs Healthcare, and Smiths Medical are also well positioned to take advantage of this market with their products.”
These findings are part of ABI Research’s mHealth Wearables, Platforms and Services research service.
ABI Research provides technology market research and technology intelligence for industry innovators. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
About ABI Research
ABI Research provides actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Asia: +65 6950.5670