As technologies have advanced over time, it has transformed the healthcare ecosystem in its wake. One of the significant achievements has been patient monitoring systems’ adoption and progress to enhance patient care. The growth of the patient monitoring market is credited to the rising burden of chronic diseases due to lifestyle changes, growth in the elderly population and the ease of use of portability devices. The patient monitoring devices market is projected to reach USD 55.1 billion by 2025 from USD 36.4 billion in 2020, registering a CAGR of 8.6 percent during the forecast period.
Patient monitoring is present both inside and outside the hospital and performs a crucial role for an effective healthcare. Healthcare providers are seeking for revolutionary technologies that can provide advanced patient care with ease and lower costs. Integration of monitoring technologies in smartphones and wireless devices is a key trend in patient care, resulting in the introduction of Remote Patient Monitoring (RPM) systems and mobile Personal Digital Assistant (PDA) systems. COVID-19 has led to a significant surge in demand for patient monitoring systems, and manufacturers are increasingly working on expanding production to meet the increasing need for these devices. Some of the devices currently deployed are respiratory monitoring devices, blood glucose monitoring devices and temperature monitoring devices. Patient monitoring technologies come into play and recognize small changes in the patient’s physiological data and promote self-monitoring. Thus, it prevents avoidable hospitalizations, decreases the number of unnecessary trips to the doctor’s office, and reduces travel-related expenses.
To help healthcare sectors choose the right technology provider, MD Tech Review has compiled a list of some of the prominent patient monitoring technology providers that exhibit competence in providing delivering robust solutions. This edition also comprises of advices, insights and thought leadership from industry experts for the aspiring CIOs and CXOs.
We present to you MD Tech Review’s “Top 10 Patient Monitoring Solution Providers - 2021”