U.S. Patient Monitoring Market to Hit $5.1B by 2020
The patient monitoring market in the U.S., valued at more than $3.5 billion in 2013, is expected to increase to more than $5.1 billion by 2020, according to a report from iData Research.
A driving force in the market's growth will be vital sign monitors, EEG, EMG, cerebral oximeters and pulse oximetry devices. By itself, the pulse oximtry monitoring market is expected to be worth more than $1 billion by 2020, according to the report.
Devices such as pacemakers, implantable cardioveter defibrillators and hemodynamic monitors, especially those connected to Bluetooth or other wireless technologies, are expected to add to the market's expansion, according to the report.
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