Dive Brief:
- A new report by iData Research projects that the US market for patient monitoring technology will grow to more than $5.1 billion by 2020.
- iData has concluded that there will be particular growth in multi-parameter vital sign monitors, EEGs, EMGs, cerebral oximeters and pulse oximetry devices.
- The growth in use of these devices should spring from monitoring in low acuity areas of hospitals, alternate care and home settings, with many of these devices becoming more visible on the retail consumer level.
Dive Insight:
Remote monitoring of patients by hospitals and doctors has gone from a neat idea to a trend with seemingly unstoppable momentum. Home monitoring by doctors, particularly of patients with unstable conditions, has the potential to become an everyday event.