The Cutting Edge of Medical Technology Content, Community & Collaboration
Market Analysis: Patient-Monitoring Equipment ... from MD Publishing
Colleagues,
A special year end wrap-up on the remote patient monitoring industry ...
The U.S. market for patient-monitoring equipment is a healthy one....
... This product category includes bedside and tabletop monitors as well as personal, implantable and wearable monitors, and it encompasses monitors for vital signs, electromyograms, electroencephalograms, sleep apnea, cerebral meters, fetal and neonate monitoring, pulse oximetry, cardiac output, blood pressure, blood glucose and cholesterol monitoring. According to the Dublin, Ireland-based research firm Research and Markets, the U.S. patient-monitoring market could reach as high as $8 billion by 2015, with other research firms posting somewhat less-optimistic projections...
... Several trends affect the current market for patient-monitoring equipment, and these factors will affect the market for pre-owned equipment as well. However, the most important trend for healthcare organizations is the need to wirelessly network their equipment to provide better, more current information to the clinicians providing care...
Wireless Access, Networking and EMRs
Patient-monitoring equipment is going the way of most information technology equipment with a focus on networked equipment, rather than standalone monitors, and wireless transmission of data... According to Wellesly, Mass.-based research firm BCC Research, networked monitors accounted for just over a third of the market in 2007, and these are expected to account for somewhat less than half of the market by 2013...
... Much of the drive toward wireless networking is related to the increased focus on electronic medical records and paperless record keeping. As increasing amounts of data are being stored electronically, it has become critical for healthcare organizations to ensure that this data is available across the organization, as it is needed...
Self-Monitoring Equipment
The market for wirelessly networked monitoring equipment is also being driven by an increased interest in saving patient and insurer dollars in healthcare treatment. According to a report by the Cleveland-based market research firm The Fredonia Group, “Among newer product introductions, transtelephonic remote monitors will see the fastest growth in demand as they hold promising potential to save healthcare costs by reducing the need for hospitalizations and outpatient episodes.”
... the trend is also driven by continual increases in the number of patients with chronic conditions, including asthma, diabetes and heart disorders. Consistent with this pattern, The Freedonia Group predicts that blood-glucose supplies will remain the top patient-monitoring accessory, particularly the new generation of electrochemical glucose test strips...
Before You Upgrade
Clearly, few healthcare organizations will be able to upgrade all monitoring equipment simultaneously, so it’s necessary to set priorities ... telemetry equipment is the most common need for upgrade ...
On the Horizon
Just has healthcare organizations are jumping on the wireless bandwagon, changes in the predominant technology may alter the way for the next generation of patient-monitoring equipment. “In June 2009, the [Federal Communications Commission] issued a notice of proposed rule making to allocate radio spectrum establishing a new, vendor-neutral, dedicated radio frequency for low-power, short-range wireless patient medical devices, such as Body Sensor Networks (BSNs),” explains David Freeman, general manager, Parameters, for GE Healthcare...
“BSNs would eliminate the need for wires, and could replace the traditional tangle of bedside cables used to capture a patient’s vital signs. As envisioned, BSNs would consist of miniaturized body-worn sensors that collect critical patient-specific information, and communicate them to where they can be accessed by doctors and nurses, enabling efficient monitoring of patient vital signs no matter where the patient is located in the hospital – or even remotely from the patient’s home,” Freeman further explains...
Read on at: http://www.mdpublishing.com/article.aspx?ArticleID=316
CC
A special year end wrap-up on the remote patient monitoring industry ...
The U.S. market for patient-monitoring equipment is a healthy one....
... This product category includes bedside and tabletop monitors as well as personal, implantable and wearable monitors, and it encompasses monitors for vital signs, electromyograms, electroencephalograms, sleep apnea, cerebral meters, fetal and neonate monitoring, pulse oximetry, cardiac output, blood pressure, blood glucose and cholesterol monitoring. According to the Dublin, Ireland-based research firm Research and Markets, the U.S. patient-monitoring market could reach as high as $8 billion by 2015, with other research firms posting somewhat less-optimistic projections...
... Several trends affect the current market for patient-monitoring equipment, and these factors will affect the market for pre-owned equipment as well. However, the most important trend for healthcare organizations is the need to wirelessly network their equipment to provide better, more current information to the clinicians providing care...
Wireless Access, Networking and EMRs
Patient-monitoring equipment is going the way of most information technology equipment with a focus on networked equipment, rather than standalone monitors, and wireless transmission of data... According to Wellesly, Mass.-based research firm BCC Research, networked monitors accounted for just over a third of the market in 2007, and these are expected to account for somewhat less than half of the market by 2013...
... Much of the drive toward wireless networking is related to the increased focus on electronic medical records and paperless record keeping. As increasing amounts of data are being stored electronically, it has become critical for healthcare organizations to ensure that this data is available across the organization, as it is needed...
Self-Monitoring Equipment
The market for wirelessly networked monitoring equipment is also being driven by an increased interest in saving patient and insurer dollars in healthcare treatment. According to a report by the Cleveland-based market research firm The Fredonia Group, “Among newer product introductions, transtelephonic remote monitors will see the fastest growth in demand as they hold promising potential to save healthcare costs by reducing the need for hospitalizations and outpatient episodes.”
... the trend is also driven by continual increases in the number of patients with chronic conditions, including asthma, diabetes and heart disorders. Consistent with this pattern, The Freedonia Group predicts that blood-glucose supplies will remain the top patient-monitoring accessory, particularly the new generation of electrochemical glucose test strips...
Before You Upgrade
Clearly, few healthcare organizations will be able to upgrade all monitoring equipment simultaneously, so it’s necessary to set priorities ... telemetry equipment is the most common need for upgrade ...
On the Horizon
Just has healthcare organizations are jumping on the wireless bandwagon, changes in the predominant technology may alter the way for the next generation of patient-monitoring equipment. “In June 2009, the [Federal Communications Commission] issued a notice of proposed rule making to allocate radio spectrum establishing a new, vendor-neutral, dedicated radio frequency for low-power, short-range wireless patient medical devices, such as Body Sensor Networks (BSNs),” explains David Freeman, general manager, Parameters, for GE Healthcare...
“BSNs would eliminate the need for wires, and could replace the traditional tangle of bedside cables used to capture a patient’s vital signs. As envisioned, BSNs would consist of miniaturized body-worn sensors that collect critical patient-specific information, and communicate them to where they can be accessed by doctors and nurses, enabling efficient monitoring of patient vital signs no matter where the patient is located in the hospital – or even remotely from the patient’s home,” Freeman further explains...
Read on at: http://www.mdpublishing.com/article.aspx?ArticleID=316
CC
Views: 2
MedTechIQ VideoLibrary
Upcoming Events
© 2024 Created by CC-Conrad Clyburn-MedForeSight.
Powered by
