The market for patient monitoring devices and equipment includes multi-parameter vital sign monitors, wireless ambulatory telemetry monitoring, telehealth monitoring, intracranial pressure devices, electromyography (EMG) devices, electroencephalography (EEG) monitors, cerebral oximetry devices, fetal and neonatal monitors, pulse oximetry devices, cardiac output monitoring devices and blood pressure monitors. Get more data on the patient monitoring market with our market reports!
Industry Trends Currently, the United States boasts the most mature telemedicine market in the world, as well as a diverse competitive landscape, attributable to a trend towards reimbursement reform and successes of large-scale deployment initiatives. The medicine market is comprised of the telehealth market and the wireless ambulatory telemetry monitoring market. Telehealth refers to the
Industry Trends Currently, the United States boasts the most mature telehealth market in the world, as well as a diverse competitive landscape, attributable to a trend towards reimbursement reform and successes of large-scale deployment initiatives. Moreover, the Veteran’s Health Administration (VHA), America’s largest purveyor of home telehealth, continues to rapidly expand the size of its
Electroencephalography (EEG) devices record the electrical activity of neurons in the brain through electrodes placed on the scalp (non-invasive) or directly on the brain (invasive). EEG is commonly used for diagnosing seizures, comas and other brain abnormalities. The efficacy of EEG in the identification of treatable etiologies of altered mental status (AMS) continues to be a major focus for research efforts.
Fetal and neonatal monitoring are similar but they differ by the time during the pregnancy and birthing cycle when each device is used. Fetal monitoring occurs before and during the birthing process, while neonatal monitoring occurs after birth. Moreover, the parameters that are most important to be monitored vary depending on the stage of pregnancy. The growth and development of the fetus is important to monitor in antepartum situations in an attempt to detect complications such as intrauterine growth retardation and other malformations. Closer to labor, it is important to monitor fetal distress. After birth, it is important to monitor all physiological processes in order for physicians to take immediate, appropriate actions in the event of complications.
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 patients condition. This information allows clinicians to monitor changes to a patients status as a result of administered treatment or to help diagnose the patient.
Pulse oximetry devices are used for measuring the oxygen content bound to hemoglobin in a patients blood stream. The measurement is taken non-invasively by attaching the device to a patients finger or earlobe. In neonatal patients, the device can be attached to the foot due to the patients smaller size. A light containing both red and infrared wavelengths is passed through this part of the body. A measure of oxygenation can be made based on the ratio of changing absorbance of the red and infrared light caused by the difference in color between oxygen-bound and oxygen unbound blood hemoglobin.
The telemetry monitoring device market includes wireless patient worn monitors. Telemetry monitors have traditionally been used for monitoring one or two parameters. However, recent advancements have enabled these devices to monitor, on average, three or four parameters. The patient worn monitors allow for continuous monitoring of ambulatory patients within the area of coverage. Signals from the patient worn device are transmitted to a central station where nurses can monitor patient vital signs. Wireless ambulatory telemetry is most commonly found in cardiac care areas, including stroke units, coronary care units, step and stepdown units, where the ability for patients to be mobile is especially important.
Electromyography (EMG) devices measure the electrical activity in muscles and the functionality of the nervous system to find the cause of muscle malfunctions. Disorders causing nerve impairment can affect muscle function, due to improper firing of electrical pulses. Some examples of nervous system complications include: amyotrophic lateral sclerosis (ALS), carpal tunnel syndrome and myasthenia gravis (MG). EMG monitoring and diagnostic capabilities are limited to nerve and muscle function and are not able to diagnose brain or spinal cord diseases.