Hospital Centralized Monitoring Market: Industry Trends, Share, Size and Forecast Report

Overview

Hospital Centralized Monitoring Market Introduction

The global hospital centralized monitoring market to value over US $ 1.5 Billion by the end of 2026 and grow at a CAGR of over 7% during the forecast period of 2019-2026.

Improved connectivity due to wireless networking and high-speed internet solution has created colossal possibilities in patient monitoring and overall treatment. Hospital centralised monitoring mainly include clinical support and telemetry tools which are interactive, secure and instrumental in improving patient care and healthcare staff efficiency. Platform neutral monitoring can seamlessly connect to computers, medical-surgical floors, mobile devices, alert and notification platforms within hospital network systems. Such monitoring is capable of providing real-time vital statistics of patients in the hospital like intensive care patients, maternity patients, and aids in saving multiple lives. Centralised monitoring also significantly avoids the cost, reduces caretaker shift hours, minimize unnecessary/false alarms by providing centralised patient surveillance.

Global Hospital Centralized Monitoring Market Overview
Increased patient hospitalizations, availability of reliable remote patient monitoring devices, lack of skilled healthcare staff, increased pressure on existing healthcare infrastructure is augmenting the growth of global hospital centralized monitoring market. Also increase in accident and casualty cases, ageing population and susceptibility to chronic diseases are providing an uplift to the hospital centralised monitoring market. Governments inclination towards digitization and focus on controlling healthcare cost by providing affordable patient care is largely fuelling the hospital centralized monitoring market growth.
Automation and decreased vendor dependency for monitoring equipment post sales are key market differentiators that would prevail for years to come. Licensing requirements, patient protection acts, Wi-Fi and network coverage issues, nursing workflow implementation challenges, lack of uniformity in device functions are few of the restraints to the market.

Presently North America holds dominating market share due to high penetration, favourable demographic trend and adoption of technological advancements in the hospital centralized monitoring market. Europe, Asia Pacific, Latin America and the rest of the world are to grow at a significant CAGR for the next few years.

Global Hospital Centralized Monitoring Market Players:
Nihon Kohden , Medtronic, GE Healthcare, Biotronik, A&D Medical, Philips Healthcare, are some of the market players.

Report Summary
Global Hospital Centralized Monitoring Market, by Deployment Type
• On-Premise
• Cloud Based

Global Hospital Centralized Monitoring Market, by End-User
• Hospitals
• Clinics
• Others

Global Hospital Centralized Monitoring Market, by Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global hospital centralized monitoring market on the basis of deployment type, end user, and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies