Multi-Parameter Vital Signs Monitoring Market Analysis | Global | 2016-2022 | MedCore
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.
Nearly all patients within critical care units, operating theaters, recovery and step down wards are monitored by multi-parameter devices. Since almost all patients within these medical departments undergo acute procedures, it is vital that their physiological states are monitored. Moreover, multi-parameter monitoring devices are used in hospital neonatal and pediatric units as well as alternate care facilities. Monitoring enables clinicians and other healthcare professionals to respond quickly, efficiently and accurately to changes in a patients vital signs and other bodily processes in order to prevent future complications or even death. In less critical areas, multi-parameter devices are becoming increasingly used for improving the accuracy of a medical professionals judgment and for helping anticipate the patients changing condition. Multi-parameter devices are becoming more commonly found in emergency rooms (ER) and general ward areas. A multi-parameter devices functions range from 2 to 12 parameter depending on device acuity level. Low-acuity devices are generally able to monitor one to five parameters and high-acuity devices are able to monitor six to 12 parameters. In general, hard-wired multi-parameter monitoring devices can either be configured or modular. Low-acuity devices are generally configured, as they are designed to monitor specific parameters and are less flexible than modular devices. Modular devices may have a configured component built-in upon purchase, and SpO2 units from Masimo or Nellcor (Medtronic) were the most popular. However, the dominant characteristic of these devices is their set of interchangeable ports that allow parameter modules to be plugged in and incorporated into the monitoring process. Patient-worn telemetry devices, which are also referred to as ambulatory telemetry devices, have traditionally been used for monitoring one or two parameters. However, recent advancements have enabled these devices to monitor, on average, three to four parameters. A typical device would exhibit a combination of all or some of the parameters listed below. Additionally, other options included in the table below are features that are often available but are not the main function of the device. The average lifespan of a multi-parameter monitoring device is nine years; however, software updates may occur more frequently depending on the rate of technological advancement. Monitors are known to be used for as long as fifteen years, when there is no budget for capital equipment.
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