Market Analysis

April 2014

Patient Monitoring Devices | US | 2014 | Market Analysis


Despite the maturity of several product segments, changes in CMS reimbursement guidelines supporting a shift toward pay-for-performance and penalties for hospital readmissions will result in expansion of the overall US patient monitoring device market, with the home care monitoring device market experiencing the most significant growth through 2022.

This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for patient monitoring devices in the US across a 10-year period.

Millennium Research Group has up-to-date reports on a wide range of medical device markets worldwide.

Questions Answered in This Report:

  *  The installed base of home care monitoring devices will expand significantly through 2022facilitated by increased reimbursement and adoption of consumer health technologythereby attracting new players to the market.

How rapidly will patient monitoring devices be adopted for home care patients in the US?

What strategies will new competitors adopt to ensure they successfully penetrate and succeed in the market?

How will established competitors react to increased market entry and heightened competitive pressure?

What limitations will the home care monitoring device market eventually face?

  *   Less invasive methods of patient monitoring will increasingly replace invasive techniques in response to reimbursement denial for hospital-acquired infections due to error or preventable causes.

To what extent will each market segment be affected by these shifts in monitoring techniques?

How will the preference for less invasive methods shape product innovation in the patient monitoring market?

Will innovations in the market cause system prices to fluctuate over the forecast period?

  *   The importance of connectivity and integration of patient monitoring systems continues to be emphasized by hospitals.

What specific factors are contributing to the desire for integration?

What changes will be seen in the product composition as a consequence?

What are the benefits for companies to partner or acquire other competitors in the patient monitoring device market as a result of this trend?


Geographies Covered: US

Products Covered: Millennium Research Group's analysis uses the following breakdown of products in the market:

Product Type

Vital Signs Monitoring Systems

Product Type

Spot Check and Low-Acuity Monitoring Systems

Intermediate and High-Acuity Monitoring Systems

Patient-Worn Monitoring Systems

Anesthesia Monitoring Systems

Hemodynamic Monitoring Devices

Product Type

Invasive Monitoring Devices

Minimally Invasive Monitoring Devices

Product Type



Noninvasive Monitoring Devices

Product Type



Neurological Monitoring Devices

Product Type

ICP Monitoring Devices

Product Type



Advanced Monitoring Devices

Product Type



Home Care Patient Monitoring Devices

Product Type



Market Forecast Features: Based on primary research with industry professionals, Millennium Research Group uses its proprietary forecasting model to provide an in-depth examination of current and future trends in unit sales, installed base, ASPs, and market values over a 10-year period (2012–2022).

Competitive Analysis: Millennium Research Group provides a detailed analysis of the competitive landscape and market shares for leading competitors.


Stephanie Wood

April Chan
Karen Gierszewski
Samuli Heilala, M.Sc.
Kathleen Zorzella

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Mentioned in this report:

  • AMC Health
  • American TeleCare
  • Analogic
  • AT&T
  • Biotronic
  • Bosch Healthcare
  • Cardiocom
  • Carematix
  • CMA Microdialysis
  • Codman & Shurtleff
  • Covidien
  • Criticare Systems
  • Cybernet Medical
  • Deltex Medical
  • Dräger Medical
  • EarlySense
  • Edwards Lifesciences
  • GE Healthcare
  • Getinge Group
  • GreatCall
  • HeadSense Medical
  • Hemedex
  • Honeywell
  • Hospira
  • Impulse Monitoring
  • Integra LifeSciences
  • Ivy Biomedical Systems
  • LiDCO
  • LifeWatch
  • McKesson
  • Mennen Medical
  • Mindray Medical International
  • Nihon Kohden
  • NMT
  • Nonin Medical
  • Ornim Medical
  • Philips Healthcare
  • PULSION Medical Systems
  • Siemens Healthcare
  • Sotera Wireless
  • Spacelabs Healthcare
  • SpecialtyCare
  • Spiegelberg
  • Teleflex Medical
  • Uscom
  • Verizon
  • Viterion
  • Vittamed
  • Waud Capital
  • Welch Allyn
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