Market Research Report
US Market Report for Multi-Parameter Vital Sign Monitoring 2017 - MedCore
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|US Market Report for Multi-Parameter Vital Sign Monitoring 2017 - MedCore|
|Published: September 1, 2016||Content info:||
The total market for multi-parameter vital sign monitoring includes low-acuity, mid-acuity and high-acuity patient monitors, in addition to the associated central stations. Growth in the total market will remain steady over the forecast period, motivated by continued investment in multi-parameter monitoring devices despite budgetary constraints. This trend reflects the strong push across all levels of healthcare to increase monitoring efforts as a means of improving patient safety and reducing complications through enhanced care provision. Optimism is restricted, however, as hospitals look to curb excess capital expenditure in light of new, value-based, healthcare reimbursement models and the financial uncertainty this will bring over the forecast period. Moreover, competitive pricing pressures are expected to persist as a result of low-cost foreign competitors that have been able to seize share in a cost conscious market.
Multi-parameter monitoring devices are used throughout hospitals for collecting data for monitoring and diagnostic purposes. They measure patient vital signs, in addition to neurological, respiratory, anesthetic and hemodynamic statuses. The multi-parameter vital signs monitoring market consists of devices that perform continuous or intermittent data collection. This data may be analyzed and display notifications relating to a patient's condition. This information allows clinicians to monitor changes to a patient's status as a result of administered treatment or to help diagnose the patient.