Hospital Centralized Monitoring Market Forecasted to Value Over US $ 1.5 Billion by 2026 End

  • 06 Jun 2019

Hospital centralized monitoring market is forecasted to value over US $ 1.5 billion by the end of 2026 and record a CAGR of 7% during the forecast period of 2019-2026.

The rise of high-speed internet solution and wireless networking has created vast opportunities and possibilities inpatient treatment. Hospital centralized monitoring is one such market that's predicted to grow in the coming years. Hospital centralized monitoring market predominantly includes telemetry tools and clinical support. These are safe, interactive and instrumental in improving patient care and healthcare staff productivity. Platform neutral monitoring offers flawless connection to mobile devices, computers, medical-surgical floors and the notification platforms which are present in the hospital network system. It is also capable of providing forthwith important statistics of patients present in intensive care patients and helps in saving multiple lives. Centralized monitoring offers centralized patient surveillance which significantly keeps away from cost, reduces caretaker shift hours and minimize false alarms. The increase in accident and casualty cases, lack of skilled healthcare staff and increased pressure on existing healthcare infrastructure have played an essential role in the growth of the global hospital centralized monitoring market. Also, an increase in patient hospitalizations, availability of reliable remote patient monitoring devices and susceptibility to chronic diseases are all augmenting the growth of hospital centralized monitoring market. 
With Governments inclining towards digitization and affordable healthcare cost, hospital centralized monitoring market looks to prevail in the coming years.  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. 
Some of the big players of global hospital centralized monitoring market players are Nihon Kohden , Medtronic, GE Healthcare, Biotronik, A&D Medical, Philips Healthcare, are some of the market players.

Hospital Centralized Monitoring Market Restraints

•    Lack of uniformity in device functions 
•    Nursing workflow implementation challenges
•    Licensing requirements
•    Wi-Fi and network coverage issues
•    Patient protection acts

Hospital Centralized Monitoring Market, by Deployment Type

•    On-Premise
•    Cloud Based

Hospital Centralized Monitoring Market by End-User

•    Hospitals
•    Clinics
•    Others

Hospital Centralized Monitoring Market, By Region:
•    North America
•    Europe 
•    Asia Pacific
•    Latin America
•    Rest of World

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a vast 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 assess and forecast  the overall market and micro-markets
•    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


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