The demand for mobile continuous patient monitors witnessed an incredible rise in 2020 due to rising investments by the government in highly advanced, equipped and upgraded mobile monitoring devices to track patients from home without clinical visits for their safety due to the spread of Covid-19 pandemic. In 2021, further researches are getting conducted to bring continuous developments in this market.
Shifting focus from cinical visits to health tracking from home for avoiding unnecssary spread of Covid-19 in 2021 is adding immense progress to this market.
At present, mobile patient monitors are allowing the physicians and hospitals to monitor patients outside the conventional clinic settings where the technology can provide 24/7 data sharing between patients and physicians. 24/7 data tracking and patient monitoring is acting as a major trend adding remunerative progress to this market in 2021.
Over 88 percent of hospitals and clinics in 2021 are making investments in mobile patient monitors for making a better connection between hospitals and patients .
The potential to reduce the need for clinical visits which acts as a substantial burden for the patients with limited mobility continues to drive the demand in 2021. Cyberattacks usually poses a threat to patient’s data securities making some users reluctant to prefer mobile patient monitors.
To overcome the confidentiality and privacy issues, manufacturers in 2020 introduced smart patient monitors with high security controls and access restrictions to protect patient’s useful data. Masimo and Medtronic are among the key players involved in innovative launches in 2021.
In 2021, smart-innovations are fascinating theclinicians, hospitals as well as patients towards mobile continuous patient monitors on account of its scientific and logistic advantages. The use ofmobile technologies helps in tracking patient health and collect data about him beyond time and geographical contraints
In 2021, innovation is something that global manufacturers operating in this market are persistently working on to improve their market presence. Leading manufacturers are investing in research and developments to deliver highly modified and upgraded versions of monitoring devices to the users.
For instance, Philips Healthcare launched a remote monitoring mobile system called ‘Tempus ALS’, an emergency medical response remote monitoring system on 29th July, 2020. Tempus ALS is designed to help the first responders in emergency situations to improve treatment decisions.
Philips’ Tempus Pro portable vital-sign monitor and the Tempus LS-Manual defibrillator can be used together or separately.The platform combines three Philips products to remotely monitor vital signs, restore heart functions with the defibrillator and wirelessly shared data. This recent development is attracting high demands from the healthcare sectorfrom different corners of the world.
In addition to Philips Healthcare, Masimo Corporation has introduced its latest version of monitoring device called ‘Centroid’ on 29th June, 2020. Centroid is a wearable , wireless patient orientation, activity and respiration rate sensor which has been cleared by the FDA. With the FDI clearance, the company has strengthened its Root Patient Monitoring and Connectivity platform.
Centroids are enabling the clinicians to monitor and track patient’s current position to avoid preventable preesure ulcers and alert them to sudden movements including fall-like events.
It further detects chest movements and offers continued respiration rates to enable clinicians to have additional data information for better care decisions. Centroid can easily pair with Masimo’s Root Patient Monitoring and Connectivity Platform through bluetooth. In 2021, Centroid is among the highly demanded wearable monitoring devices.
Mobile continuous patient monitors makes the advantage of mobile and wireless computing technologies for periodic and continuous measurement of health for patients. Mobile continuous patient monitors are user friendly effective and convenient for both healthcare professionals and patients.
With the development of Mobile continuous patient monitors mobile health or E- health has emerged. Some of the bio signals which are measured by Mobile continuous patient monitors are Electro Encephalo Gram (EEG), Heart Rate Variability (HRV), and blood pressure.
The manufacturers provide patient information and associate teams across care settings. Mobile continuous patient monitors facilitate diagnosis and provide prompt interventions. These factors are responsible for the growth of Mobile continuous patient monitors in the future
Mobile continuous patient monitors market: Drivers and Restraints
Increasing chronic diseases and heart diseases lead to decreased productivity, and high health care costs. In many countries heart diseases is costly, also diabetes approximately accounts for 15% of the healthcare budgets. With the mobile continuous patient monitoring technology, devices should be used to reduce the cost of health sectors.
The Mobile continuous patient monitors enhance and evaluate by monitoring the patients by continuously assessing the signs and symptoms of disease and analyzing with self-management programs to further prevent the chronic diseases.
These devices are used at home and in hospitals which provide comfort to the patients and hospital staff. Any fluctuations in the device leads to the timely access to health information to the doctors. These factors are driving the Mobile continuous patient monitors market.
Also the mobile continuous patient monitors reduce travelling and physical presence of patients in urban health centers in remote areas. These mobile continuous patient monitors’ help in coordinating between health care professionals.
However there are challenges associated with the technology advancements such as technology acceptance and risks of confidentiality, administrative barriers and costs of maintenance and implementations. Also with the Mobile continuous patient monitors the face to face interaction between doctors and patients. Also the mobile continuous patients monitors causes medical errors and negative effects on care outcomes
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Mobile continuous patient monitors market: Regional Outlook
Due to strict regulations regarding patient safety and patient care North America and Europe are presumed to be the leading regions in the global Mobile continuous patient monitors market. The devices are portable and can be used at homecare where patients can feel comfortable.
This is driving the market of Mobile continuous patient monitors market. Regions such as Asia Pacific and Latin America are expected to have higher revenue growth during the forecast period due to increased investments from manufacturers.
The Mobile continuous patient monitors market in Asia pacific regions such as India and China and is anticipated to develop at a significant rate due to change in the technological advancements.
In addition, patients want to be aware of their health conditions by monitoring themselves continuously. Governments in the emerging regions is initiating on providing better healthcare facilities to the population add to the growth of the Mobile continuous patient monitors market.
Mobile continuous patient monitors market: Key Players
Examples of some of the major players identified in the global Mobile continuous patient monitors market are OSI Systems, Inc, Schiller, Huntleigh Healthcare Limited., HEYER Medical AG, Radiometer Medical ApS, Masimo., myErka, Kalamed Medical Systems, Nihon Kohden Corporation, Koninklijke Philips, CNSystems Medizintechnik GmbH., ELCAT, Promed Group Co., Ltd., Trimpeks among others.
The manufacturers are involved in partnerships for R&D in order to exploit maximum potential. Also, they are majorly focusing on strengthening the core skills of their product portfolio. The manufacturers are reviewing and making efforts by increasing the monitoring the conditions of the patients with Mobile continuous patient monitors market.
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Key data points covered in report
The report covers exhaustive analysis on:
- Mobile continuous patient monitors Market by types of product, indication type, End Users and region
- Regional level market analysis of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa by end user and country segments
- Mobile continuous patient monitors Market Dynamics & Opportunity Assessment
- Historical Actual Market Size, 2013 - 2017
- Mobile continuous patient monitors Market system market Size & Forecast 2018-2028
- Mobile continuous patient monitors Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Shifting Industry dynamics
- In-depth Mobile continuous patient monitors market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape, market structure, regulatory scenario
- Epidemiology outlook for diseases
- Economical spending, regional healthcare outlook, consumer healthcare expenditure
- Availability of device, cost of the test, specificity and sensitivity
- Strategies for key players and product offerings, Channel strategies, regional foot print, channel footprint
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance in terms of value
An Adaptive Approach to Modern-day Research Needs
Mobile continuous patient monitors Market: Segmentation
Tentatively, the global Mobile continuous patient monitors market can be segmented on the basis of product type, indications, End Users and geography.
Based on types of product, the global Mobile continuous patient monitors Market is segmented as:
- Portable and Compact
- Floor Standing
Based on Indications, the global Mobile continuous patient monitors Market is segmented as:
- Blood Pressure
Based on end users, the global Mobile continuous patient monitors Market is segmented as:
- Intensive Care
- Ambulatory surgical centers
- Home care settings
Based on Region, the global Mobile continuous patient monitors Market is segmented as:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan and China
- Middle East & Africa
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