CAPSULE TECHNOLOGIES INC.

Company Snapshot

Founded: 1997
Entity Type: Private
Region: North America
Headquarter: Massachusetts, U.S.
Key Geographics: North America, Asia-Pacific, Europe, Middle East, Latin America
Corporate Address: 222 Jacobs Street, Cambridge, Massachusetts 02141 U.S. Tel. +1-800-260-9537 https: //capsuletech.com/

Company Overview

Capsule Technologies Inc. offers medical device integration, clinical surveillance, and patient monitoring services to hospitals and healthcare organizations worldwide. The company’s platform can capture streaming data from any medical device and convert it into a rich context of information that can be integrated into clinical documentation, alarm management, patient monitoring, decision support, and research applications.

In addition to integrating devices, monitoring vital signs, and facilitating clinical surveillance, the medical device information platform collects clinical data from connected systems. It transforms context-rich information to document clinical care, manage alarms, monitor patients, assist in decision-making, develop predictive analytics, conduct clinical research, etc. Integrating end-to-end data management and connectivity is essential to improving collaboration and communication between clinicians and departments. More than 2,800 clients worldwide use this platform to enhance patient safety, streamline workflows, and increase patient satisfaction throughout hospitals and care settings.

Capsule Technologies Inc. was acquired by Philips in January 2021. Philips has transformed the healthcare delivery process with Capsule. In conjunction with Capsule’s leading Medical Device Information Platform, Philips’ secure vendor-neutral cloud-based HealthSuite digital platform, Philips’ healthcare management solutions could be enhanced and scaled dramatically for all hospital and remote patient care settings.

In October 2021, Philips Capsule MDIP, integrated into the Philips HealthSuite Platform, was implemented in international healthcare facilities in more than 90 countries. Philips Capsule MDIP’s function is to capture streaming clinical data and use it as a basis for actionable insights. This data aids in managing patient care. This initiative is aimed at enhancing care team collaboration, enhancing workflows, and increasing productivity.

CAPSULE TECHNOLOGIES INC. In Reports

Wireless Medical Device Connectivity: Global Markets

Global market for wireless medical device connectivity is estimated to increase from $1.7 billion in 2022 to $5.0 billion by 2027, at a CAGR of 24.0% from 2022 through 2027.

Patient Engagement Solutions: Global Markets

BCC Research Market Report for Patient Engagement Solution products. Estimation of the market size and analyses of global market trends, with CAGRs through 2027.

Internet of Things (IoT) in Healthcare

BCC Research Market Report for Internet of Things (IoT) in healthcare is estimated to increase from $99.8 bln in 2021 to reach $253.7 bln by 2026, at a CAGR of 20.5%

Company's Business Segments

  • Medical Device Integration : This segment includes Capsule Connectivity Management, Philips Axon, Capsule Neuron, Capsule Vitals Stream, Capsule Data Management, Advanced Integration

Applications/End User Industries

  • Healthcare
  • Hospitals
  • Clinical
  • Medical Data Integration
  • Medical Device Integration
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