Latest industry research report on Hospital Patient Multi-Parameter Monitors Market. Global hospital cardiac patient monitoring devices market at $3.8 billion in 2012 is forecast to reach at $5.3 billion by 2019 at a growth rate of 5.5% during the analysis period. Growth continues as market penetration into all areas of the hospital expands. The installed base continues to grow as replacement of units is stretched to 12 years and beyond.
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Shortness of breath is a common symptom of cardiac disease. It is frequently misdiagnosed as a respiratory symptom or ignored by patients and is not even considered a symptom. Hospital cardiac patient monitoring can detect arrhythmias and get people to treatment faster before it is too late to correct heart failure.
Early detection of a problem in the hospital and consequent treatment is essential. Hospital cardiac patient monitoring technology is a vital aid in providing that treatment. Hospitals and clinicians have increased access to devices in every department of the hospital and during transport as insurers realize the value of detecting and treating cardiac symptoms as they occur, rather than waiting until the patient condition has deteriorated.
Cardiac patient monitoring is evolving as systems become smaller and offer more functionality. Cardiac patient monitoring market driving forces still relate to reimbursement by CMS and private insurance carriers in the US and by nationalized systems in other places.
According to Susan Eustis, lead author of the WinterGreen Research team that prepared the Hospital Patient Multi -Parameter Monitors market research study, “Hospital cardiac patient monitoring technology companies are struggling to achieve a focus on health delivery and well-being initiatives. Vendors strive for a balanced portfolio of businesses that can attain global leadership positions. Vendors seek to deliver performance above benchmark levels. Challenges are influencing hospital cardiac patient monitoring business activities.
1. Patient Monitoring Market Description and Market Dynamics
1.1 Transforming Health Care Landscape Provides Opportunity
1.1.1 Quality Healthcare Delivery
1.2 Advances In Remote Patient Monitoring
2. Hospital Multi-parameter Patient Monitor Market Shares and Market Forecasts
2.1 Hospital Multi-parameter Patient Monitor Market Driving Forces
2.1.1 Hospital Cardiac Patient Monitoring Company And Technology Challenges
2.1.2 Lives Improved: Striving To Make The World Healthier And More Sustainable Through Innovation
3. Hospital Multi-parameter and Cardiac Patient Monitoring Product Description
3.1 Philips Clinical Critical Care Monitors and Clinical Infomatics
3.1.1 Philips Xcelera
3.1.2 Philips Improving Quality Through Data Analysis