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.
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 patient’s condition. This information allows clinicians to monitor changes to a patient’s status as a result of administered treatment or to help diagnose the patient.
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TABLE OF CONTENTS I
LIST OF FIGURES III
LIST OF CHARTS V
EXECUTIVE SUMMARY 1
U.S. PATIENT MONITORING DEVICE AND EQUIPMENT MARKET OVERVIEW 1
COMPETITIVE ANALYSIS 4
MARKET TRENDS 8
MARKETS INCLUDED 12
MARKET DEVELOPMENTS 17
KEY REPORT UPDATES 19
VERSION HISTORY 20
RESEARCH METHODOLOGY 21
1.1 RESEARCH SCOPE 21
1.2 IDATA’S 9-STEP METHODOLOGY 21
1.2.1 Step 1: Project Initiation & Team Selection 21
1.2.2 Step 2: Prepare Data Systems and Perform Secondary Research 23
1.2.3 Step 3: Preparation for Interviews & Questionnaire Design 24
1.2.4 Step 4: Performing Primary Research 25
1.2.5 Step 5: Research Analysis: Establishing Baseline Estimates 27
1.2.6 Step 6: Market Forecast and Analysis 28
1.2.7 Step 7: Identify Strategic Opportunities 30
1.2.8 Step 8: Final Review and Market Release 31
1.2.9 Step 9: Customer Feedback and Market Monitoring 32
MULTI-PARAMETER VITAL SIGN MONITORING MARKET 33
2.1 INTRODUCTION 33
2.1.1 The Evolution of Multi-Parameter Patient Monitoring 34
2.2 MARKET OVERVIEW 37
2.3 MARKET ANALYSIS AND FORECAST 41
2.3.1 Total Low-Acuity Vital Sign Monitoring Market 41
2.3.1.1 Hospital Low-Acuity Vital Sign Monitoring Market 44
2.3.1.1.1 Hospital Low-Acuity Bedside Monitor with ECG Waveforms Market 46
2.3.1.1.2 Hospital Low-Acuity Bedside Monitor without ECG Waveforms Market 49
2.3.1.1.3 Hospital Low-Acuity Spot Check Monitor Market 52
2.3.1.2 Alternate Care Low-Acuity Vital Sign Monitoring Market 55
2.3.1.2.1 Alternate Care Low-Acuity Bedside Monitor with ECG Waveforms Market 58
2.3.1.2.2 Alternate Care Low-Acuity Bedside Monitor without ECG Waveforms Market 61
2.3.1.2.3 Alternate Care Low-Acuity Spot Check Monitor Market 63
2.3.2 Mid-Acuity Vital Sign Monitoring Market 65
2.3.2.1 Hospital Mid-Acuity Vital Sign Monitoring Market 68
2.3.2.2 Alternate Care Mid-Acuity Vital Sign Monitoring Market 70
2.3.3 High-Acuity Vital Sign Monitoring Market 72
2.3.4 Central Station Monitoring Market 75
2.3.4.1 Low-Acuity Central Station Monitoring Market 78
2.3.4.2 Mid-Acuity Central Station Monitoring Market 80
2.3.4.3 High-Acuity Central Station Monitoring Market 82
2.4 DRIVERS AND LIMITERS 84
2.4.1 Market Drivers 84
2.4.2 Market Limiters 85
2.5 COMPETITIVE MARKET SHARE ANALYSIS 87
ABBREVIATIONS 93
Chart 1 1: Patient Monitoring Device and Equipment Market by Segment, U.S., 2013 – 2023 3
Chart 1 2: Patient Monitoring Device and Equipment Market Overview, U.S., 2016 & 2023 3
Chart 2 1: Multi-Parameter Vital Sign Monitoring Market by Segment, U.S., 2013 – 2023 39
Chart 2 2: Multi-Parameter Vital Sign Monitoring Market Breakdown, U.S., 2016 40
Chart 2 3: Multi-Parameter Vital Sign Monitoring Market Breakdown, U.S., 2023 40
Chart 2 4: Total Low-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 43
Chart 2 5: Hospital Care Low-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 45
Chart 2 6: Hospital Low-Acuity Bedside Monitor with Waveforms Market, U.S., 2013 – 2023 48
Chart 2 7: Hospital Low-Acuity Bedside Monitor without Waveforms Market, U.S., 2013 – 2023 51
Chart 2 8: Hospital Low-Acuity Spot Check Monitor Market, U.S., 2013 – 2023 54
Chart 2 9: Alternate Care Low-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 57
Chart 2 10: Alternate Care Low-Acuity Bedside Monitor with ECG Waveforms Market, U.S., 2013 – 2023 60
Chart 2 11: Alternate Care Low-Acuity Bedside Monitor without Waveforms Market, U.S., 2013 – 2023 62
Chart 2 12: Alternate Care Low-Acuity Spot Check Monitor Market, U.S., 2013 – 2023 64
Chart 2 13: Mid-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 67
Chart 2 14: Hospital Mid-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 69
Chart 2 15: Alternate Care Mid-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 71
Chart 2 16: High-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 74
Chart 2 17: Central Station Monitoring Market, U.S., 2013 – 2023 77
Chart 2 18: Low-Acuity Central Station Monitoring Market, U.S., 2013 – 2023 79
Chart 2 19: Mid-Acuity Central Station Monitoring Market, U.S., 2013 – 2023 81
Chart 2 20: High-Acuity Central Station Monitoring Market, U.S., 2013 – 2023 83
Chart 2 21: Leading Competitors, Multi-Parameter Vital Signs Monitoring Market, U.S., 2016 92
Figure 1 1: Patient Monitoring Device and Equipment Market Share Ranking by Segment, U.S., 2016 (1 of 2) 4
Figure 1 2: Patient Monitoring Device and Equipment Market Share Ranking by Segment, U.S., 2016 (2 of 2) 5
Figure 1 3: Companies Researched in this Report, U.S., 2016 (1 of 2) 6
Figure 1 4: Companies Researched in this Report, U.S., 2016 (2 of 2) 7
Figure 1 5: Factors Impacting the Patient Monitoring Device and Equipment Market by Segment, U.S. (1 of 4) 8
Figure 1 6: Factors Impacting the Patient Monitoring Device and Equipment Market by Segment, U.S. (2 of 4) 9
Figure 1 7: Factors Impacting the Patient Monitoring Device and Equipment Market by Segment, U.S. (3 of 4) 10
Figure 1 8: Factors Impacting the Patient Monitoring Device and Equipment Market by Segment, U.S. (4 of 4) 11
Figure 1 9: Patient Monitoring Device and Equipment Markets Covered, U.S., 2016 (1 of 5) 12
Figure 1 10: Patient Monitoring Device and Equipment Markets Covered, U.S., 2016 (2 of 5) 13
Figure 1 11: Patient Monitoring Device and Equipment Markets Covered, U.S., 2016 (3 of 5) 14
Figure 1 12: Patient Monitoring Device and Equipment Markets Covered, U.S., 2016 (4 of 5) 15
Figure 1 13: Patient Monitoring Device and Equipment Markets Covered, U.S., 2016 (5 of 5) 16
Figure 1 14: Recent Events in the Patient Monitoring Device and Equipment Market, U.S., 2012 – 2016 (1 of 2) 17
Figure 1 15: Recent Events in the Patient Monitoring Device and Equipment Market, U.S., 2012 – 2016 (2 of 2) 18
Figure 1 16: Key Report Updates (1 of 2) 19
Figure 1 17: Key Report Updates (2 of 2) 20
Figure 1 18: Version History 20
Figure 2 1: List of Parameter Capabilities by Product Type, U.S., 2016 36
Figure 2 2: Multi-Parameter Vital Sign Monitoring Market by Segment, U.S., 2013 – 2023 (US$M) 38
Figure 2 3: Total Low-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 42
Figure 2 4: Hospital Low-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 44
Figure 2 5: Hospital Low-Acuity Bedside Monitor with ECG Waveforms Market, U.S., 2013 – 2023 47
Figure 2 6: Hospital Low-Acuity Bedside Monitor without ECG Waveforms Market, U.S., 2013 – 2023 50
Figure 2 7: Hospital Low-Acuity Spot Check Monitor Market, U.S., 2013 – 2023 53
Figure 2 8: Alternate Care Low-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 56
Figure 2 9: Alternate Care Low-Acuity Bedside Monitor with Waveforms Market, U.S., 2013 – 2023 59
Figure 2 10: Alternate Care Low-Acuity Bedside Monitor without ECG Waveforms Market, U.S., 2013 – 2023 61
Figure 2 11: Alternate Care Low-Acuity Spot Check Monitor Market, U.S., 2013 – 2023 63
Figure 2 12: Mid-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 66
Figure 2 13: Hospital Mid-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 68
Figure 2 14: Alternate Care Mid-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 70
Figure 2 15: High-Acuity Vital Sign Monitoring Market, U.S., 2013 – 2023 73
Figure 2 16: Central Station Monitoring Market, U.S., 2013 – 2023 76
Figure 2 17: Low-Acuity Central Station Monitoring Market, U.S., 2013 – 2023 78
Figure 2 18: Mid-Acuity Central Station Monitoring Market, U.S., 2013 – 2023 80
Figure 2 19: High-Acuity Central Station Monitoring Market, U.S., 2013 – 2023 82
Figure 2 20: Drivers and Limiters, Multi-Parameter Vital Signs Monitoring Market, U.S., 2016 86
Figure 2 21: Leading Competitors, Multi-Parameter Vital Signs Monitoring Market, U.S., 2016 91
Medtronic
Philips Healthcare
Masimo
GE Healthcare
Edwards Lifesciences
Mindray Medical
Natus Medical
Honeywell Life Sciences
Welch Allyn
Omron Healthcare
Nihon Kohden
Spacelabs Healthcare
St. Jude Medical
Nonin Medical
Boston Scientific
Others include: • A&D Medical • Cadwell Laboratories • Denshi • Medline • Samsung • ADC • Care Innovationsm • GE Healthcare • Medocity • Santa Medical • Advanced Brain Monitoring • Carewell • GlobalMed • Mennen Medical • Schiller • Advantage Home Telehealth • CAS Medical Systems • Telemedicine • Merit • Smiths Medical • Aerotel Medical Systems, • Cheetah Medical • Graham-Field • Microlife • Sophysa • AmbioHealth • ChoiceMMed • HoMedics • Neoventa • Spielberg • Ambu • Cnsystems • Huntleigh Healthcare • Nihon Kohden • SunTech Medical • AMC Healthcare • Codman & Shurtleff, • Hutchinson Technology • OBS Medical • Teleflex Medical • AMD Global • Compumedics • HydroDotICU Medical • Optum (UnitedHealth) • Tensys • Telemedicine • Constant Care Technology • IdealLife • Ornim Medical • Tunstall Healthcare • American Telecare • Contec Medical Systems • Infinium Medical • Osypka Medical • USCOM • American Well • Criticare Systems • Integra Lifesciences • Panasonic • Utah Medical
• AnalogicCorporation • Deltex Medical • Ives EEG Solutions • Philips Healthcare • Veridian Healthcare • Argon Medical • Devon Medical • Ivy • Physioflow • ViTel Net (ViTelCare) • AuthentiDate • Dräger Medical • Biomedical • Polymap Wireless • Viterion Telehealthcare • Avizia • EBNeuro • Labtron • Prestige Medical • VRI • B. Braun • Edwards Lifesciences • LG CNS • Pulsion Medical • WA Baum • Biolight • Electro Geodesics • LiDCO • Qardio • Welch Allyn • Biotronik • Entra Health • LifeWatchAG • RAUMEDIC • Zoe Medical • Briggs Healthcare • Fukuda • Mediaid Inc. • RhythmLink • Zynex Medicaletc
