New technologies are transforming patient monitoring and Kalorama Information has reported on these developments last year. This report, High-Tech Patient Monitoring market updates revenues and segment breakdowns to reflect changes in the market, particularly the remote monitoring and the enhanced role of applications to transfer patient data to EMR systems.
Advances in remote patient monitoring include new peripherals, real-time audio and video for “face-to-face” interaction between clinicians and patients, wireless communication, systems that “sort” the vast amount of data collected in order to put it into the context of a patient’s condition, portable and ambulatory monitors, web-based access to the patient record, systems that transfer data to an electronic medical record (EMR), and full-service outsourcing that includes a clinician to evaluate data and send a report to the attending physician.
Novel technologies in patient monitoring are emerging to meet the increasing demands of an aging population, decreasing healthcare resources, and an emphasis on reducing hospital days. Nearly all focus on some form of ambulatory monitoring using wired or wireless technologies.
This Kalorama Information report High-Tech Patient Monitoring Systems covers three product areas:
Wireless and Remote Patient Monitors,
Patient Data Processing Applications and Equipment,
EMR Data Transfer Equipment and Applications
Patient data processing applications and equipment use algorithms to evaluate monitoring measurements for a patient’s specific condition(s). Usually, these can be customized by the physician, with reports sent to the physician; these can be integrated parts of a PM system or add-ons. EMR data transfer equipment and applications for this report are either components of, or add-ons to, patient monitoring systems. This does not include EMR applications, simply the applications in this segment transfer data to third-party EMRs. There are four primary markets for these new technologies, which are as follows:
Nursing homes; and
Other, including first responders, institutional, physician offices, and military.
All market numbers in this report pertain to the U.S. market at the retail level. In most cases, retail level is the same as wholesale level because end users are purchasing directly from the vendor. The base year is 2008, with forecasts provided for each year through 2013.
The market was evaluated via a combination of disease prevalence trends, population trends, device innovations, federal and industry standards and regulations. As with all Kalorama Information reports, interviews were the key source of market information presented. Both primary and secondary sources were consulted in developing market estimates.
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