Patient Monitoring

August 20, 2008

Wellesley, Mass—According to a new technical market research report, PATIENT MONITORING (HLC038C) from BCC Research, the U.S. market for patient monitoring devices, accessories, and consumables was worth nearly $6.2 billion in 2007. The market is projected to grow to almost $6.5 billion in 2008 and $8.6 billion by 2013, representing a compound annual growth rate (CAGR) of 5.7%.

The market is divided into major segments of devices, and disposable sensors and consumables. The patient monitoring devices segment has the larger share of the market, and was valued at $3.6 billion in 2007 and an estimated $3.8 billion in 2008. This is expected to increase at a CAGR of 6.2% to reach $5.1 billion in 2013.
 
Disposable sensors and other consumables have the smaller market share. Worth $2.6 billion in 2007 and an estimated $2.7 billion in 2008, this segment is projected to grow at a CAGR of 5.1% and reach $3.4 billion in 2013.

The patient monitoring devices segment is further broken down into categories of bedside/tabletop, telemetry, personal, implantable and wearable monitors. While handheld and wearable monitors make up the largest part of the market segment, at 66.6% in 2007, their share of the market is expected to decline to 61.9% by 2013. Meanwhile, bedside and tabletop monitors should increase their share of the market from 30.7% in 2007 to 35.9% by 2013.

There is also a trend toward the use of networked as opposed to stand-alone monitors. Networked monitors accounted for 35.3% of the market in 2007, a share that is expected to grow to 46.2% by 2013. Wirelessly networked (i.e., telemetry) monitors should increase from 13.0% of the market to 15.0%.

Major applications for patient monitoring technology include hospitals, medical transport,
military, workplace and home use. Home users are the largest market for patient monitoring devices. The hospital market is the next largest end-user segment, but is growing relatively slowly, due to consolidation among hospitals and the emergence of alternative providers of health care, such as outpatient surgical centers. Nursing homes and other long-term care facilities are the third-largest market for patient monitoring devices.
 

Patient Monitoring( HLC038C )
Publish Date: Aug 2008    

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