The U.S. patient monitoring market is expected to reach almost $4 billion by 2017.

Multi-parameter vital-sign devices represented the majority of the patient monitoring market in 2010, with the home telehealth segment growing over 17% in 2010 and the hospital wireless telemetry monitoring segment growing at high double-digit rates. The second largest segment of this market was pulse oximetry, which is expected to exceed $934 million by 2017.

Growth in the multi-parameter vital sign monitoring market is expected to be driven by significant increases in telemetry and low-acuity monitoring device sales, as healthcare workers in hospital sub-acute, alternate and homecare settings strive to improve patient safety by reducing the number of unmonitored patients.

Read more on this exciting market in iData’s new press release:

Medical Wireless Monitoring and Telehealth Devices from Philips, GE and Masimo will Fuel U.S. Market to Over $4 Billion