Multi-Parameter Vital Sign Monitoring Market Analysis | United States | 2017-2023 | MedCore
- Year: 2017
- Scope: 2013-2023
- Region: United States
- Pages: 95
- Published Date: 9/1/2016
- Type: MedCore
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.
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