Sponsored by Lawson, an Infor affiliate | Healthcare@Lawson.com | 1.800.477.1357
Wireless Patient Monitoring Devices Are Fastest Growing Medical Devices in Revenue Earned
A report by Kalorama Information found that wireless patient monitoring devices are the fastest growing medical devices in revenue earned, according to a company news release.The report, "Remote and Wireless Patient Monitoring Markets," found that revenues for these devices have doubled in the last four years and are expected to double again in the next four.
Kalorama attributes the devices' robust growth to several factors. One, aging populations are expected to increase cases of chronic obstructive pulmonary disease and diabetes, which require monitoring. Secondly, the devices have been successful in cutting costs. Lastly, the majority of the devices can link directly to an electronic medical record system, which may help providers meet meaningful use.
Related Articles on HIT Market Growth:
Report: Electronic Health Record Market Revenues Could Reach $6.5B in 20126 Recent Estimates of Health IT Market Growth
Report: Global Market for Interventional Cardiology Devices to Reach $25.5B by 2021
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
Dow Jones
Company ID [INDEXDJX:.DJI] Last trade:12,598.55 Trade time:4:03PM EDT Value change:▼33.45 (-0.26%)NASDAQ
Company ID [INDEXNASDAQ:.IXIC] Last trade:2,874.04 Trade time:5:16PM EDT Value change:▼19.72 (-0.68%)S&P 500
Company ID [INDEXSP:.INX] Last trade:1,324.80 Trade time:4:32PM EDT Value change:▼5.86 (-0.44%)Channels