In 2014, the largest segment-vital signs monitors-comprised the vast majority of sales, at approximately 51.6% of the total market, followed by pulse oximetry devices (comprising 29.9%), hemodynamic/cardiac output monitoring devices (10.3%), cerebral oximetry devices (4.6%), and brain function monitoring devices (3.6%). Overall, this large and burgeoning market is growing at a better-than-average compound annual rate of nearly 5%.
As the intensity of care and acuity of patients admitted to hospitals increases amid ongoing nursing shortages, hospital budget constraints, and decreasing hospital lengths of stay, the need for more efficient patient monitoring will continue to increase, especially to patients with life-threatening conditions. Despite the lingering economic uncertainty and financial constraints that have affected many medical device markets, next-generation noninvasive and minimally invasive patient monitoring products will remain in great demand, particularly those that provide more accurate algorithms, real-time monitoring and alerts, easier-to-use functions, portability throughout the continuum of care (from hospital critical care to less acute settings, as well as home monitoring), remote access/wireless capabilities and wearability, smarter alarms, enhanced vital sign trending and analysis, improved electronic medical record management and seamless transfer of patient data and alerts to clinicians, and other advanced features.
This dynamic, new report from Medtech Insight includes a profile of dozens of selected leading, new or emerging products, a comprehensive market analysis, including expected segment growth, drivers/limiters, and market forecasts (from 2014-2019), competitive analysis including 2014 market share by supplier, and opportunities. Specifically, this report covers noninvasive/minimally invasive patient monitoring devices, including: pulse oximetry devices; cerebral oximetry devices; brain function monitoring devices (noninvasive brain function monitors and sensors to assess patient level-of-consciousness); hemodynamic monitoring devices (pulmonary artery catheters [PACs] and noninvasive/minimally invasive cardiac output [CO] monitoring systems); and vital signs monitoring systems (modular, portable, and telemetry multi-parameter vital signs monitoring systems). Additionally, emerging "wearables" or remote patient monitoring devices are also discussed, a fast-growing area of technological development.
EXECUTIVE SUMMARY i. U.S. Patient Monitoring Devices Market Ii. Methodology Exhibit ES-1: U.S. Patient Monitoring Devices Market, Combined Sales, 2014-2019 Exhibit ES-2: 2014, U.S. Patient Monitoring Devices Market, Share by Segment 1. PULSE OXIMETRY DEVICES MARKET 1.1 Selected Products 1.1.1 Masimo Corporation 1.1.2 Medtronic plc (Covidien) 1.1.3 Nonin Medical 1.2 Market Analysis 1.3 Competitive Analysis Exhibit 1-1: 2015, Selected Pulse Oximetry Systems Offered by Medtronic and Masimo Exhibit 1-2: Masimo's new Root Patient Monitoring and Connectivity Platform Exhibit 1-3: Benefits of Masimo SET Pulse Oximetry Technology Exhibit 1-4: Masimo's Radius-7 Patient Worn Monitor Exhibit 1-5: Masimo's New MightySat Rx Fingertip Pulse Oximeter Exhibit 1-6: The Nellcor Bedside Respiratory Patient Monitoring System and Nellcor N-560 Pulse Oximetry Monitor with OxiMax Exhibit 1-7: The New Nellcor Portable SpO2 Patient Monitoring System and Various Applications Exhibit 1-8: Nonin Medical's Onyx Vantage, Onyx II and WristOx2 Wireless Pulse Oximeters Exhibit 1-9: Pulse Oximetry Devices, U.S. Market Forecast, 2014-2019 Exhibit 1-10: 2014, U.S. Pulse Oximetry Devices Market, Share by Supplier 2. CEREBRAL OXIMETRY DEVICES MARKET 2.1 Selected Products 2.1.1 CAS Medical Systems 2.1.2 Masimo Corporation 2.1.3 Medtronic plc 2.1.4 Nonin Medical 2.1.5 Noninvasix, Inc. 2.1.6 Ornim Medical 2.1.7 Spectros Medical 2.2 Market Analysis 2.3 Competitive Analysis Exhibit 2-1: CAS Medical's Noninvasive FORESIGHT ELITE Cerebral Tissue Oximeter Exhibit 2-2: Masimo's New Root Patient Monitoring and Connectivity Platform, Utilizing the Recently CE Marked O3 Regional Oximetry Exhibit 2-3: Medtronic's INVOS Cerebral/Somatic Oximeter Exhibit 2-4: Nonin Medical's SenSmart Model X-100 Universal Oximeter System Exhibit 2-5: Noninvasix's Noninvasive Optoacoustics Fetal Monitor Exhibit 2-6: Ornim's C-Flow Noninvasive Cerebral Blood Flow Monitor Exhibit 2-7: Cerebral Oximetry Devices, Market Forecast, 2014-2019 Exhibit 2-8: 2014, Cerebral Oximetry Devices Market, Share by Supplier 3. NONINVASIVE BRAIN FUNCTION MONITORS MARKET 3.1 Intraoperative Awareness 3.2 Anesthesia Monitoring 3.3 Sedation Management 3.4 Selected Products 3.4.1 Medtronic plc 3.4.2 Masimo Corporation 3.4.3 Stryker 3.5 Market Analysis 3.6 Competitive Analysis Exhibit 3-1: Medtronic/Covidien's BIS Technology Exhibit 3-2: Masimo's SedLine Brain Function Monitoring for the Root Patient Monitoring Platform Exhibit 3-2: Noninvasive Brain Function Monitors, Market Forecast, 2014-2019 Exhibit 3-3: 2014, Noninvasive Brain Function Monitors Market, Share by Supplier 4. HEMODYNAMIC MONITORING DEVICES MARKET 4.1 Pulmonary Artery Catheters 4.1.1 Indications for Use 4.1.2 Utilization Debate 4.1.3 Selected Products 220.127.116.11 Argon Medical Devices 18.104.22.168 Arrow International/Teleflex 22.214.171.124 Biosensors International 126.96.36.199 Edwards Lifesciences 188.8.131.52 ICU Medical 4.2 Noninvasive and Minimally Invasive Hemodynamic Monitoring 4.2.1 Bioimpedance 4.2.2 Doppler Ultrasound 4.2.3 Noninvasive Finger-Cuff Technology 4.2.4 Arterial Waveform Analysis 4.2.5 Selected Products 184.108.40.206 Cardiotronic/Osypka Medical 220.127.116.11 Cheetah Medical 18.104.22.168 Deltex Medical 22.214.171.124 Edwards Lifesciences 126.96.36.199 Fujifilm SonoSite/Fujifilm Holdings 188.8.131.52 Hemo Sapiens 184.108.40.206 LiDCO 220.127.116.11 Uscom Ltd. 4.2.6 Market Analysis 4.2.7 Competitive Analysis Exhibit 4-1: Edwards Lifesciences' Swan-Ganz Thermodilution PACs Exhibit 4-2: ICU Medical's OptiQ Pulmonary Artery SvO2/CCO Catheter and Q2 Plus Computer Exhibit 4-3: How Impedance Cardiography Works Exhibit 4-4: Cardiotronic's Noninvasive Electrical Cardiometry Technology Exhibit 4-5: Cheetah Medical's NICOMâ€™s Noninvasive Bioreactance Technology Exhibit 4-6: Cheetah Medical's New Starling SV Noninvasive Hemodynamic Monitoring System Exhibit 4-7: Edwards Lifesciences' New ClearSight System for Advanced, Noninvasive Hemodynamic Monitoring Exhibit 4-8: Edwards Lifesciences' Flotrac Sensor Exhibit 4-9: LiDCO's LiDCOrapid Noninvasive Hemodynamic Monitoring System and LiDCO Sensor Exhibit 4-10: USCOM Ltd.'s USCOM 1A Ultrasonic Noninvasive Hemodynamic Monitoring System Exhibit 4-11: Hemodynamic Monitoring Devices, Market Forecast, 2014-2019 Exhibit 4-12: 2014, Hemodynamic Monitoring Devices, Share by Supplier 5. VITAL SIGNS MONITORING SYSTEMS MARKET 5.1 Information Integration 5.2 Electronic Medical Records 5.3 Meaningful Use 5.4 Wireless Medical Telemetry Service 5.5 Mobile and Wireless Applications 5.6 Vital Signs Monitoring Systems 5.6.1 Criticare Systems 5.6.2 Drager Medical/Dragerwerk 5.6.3 Fukuda Denshi USA/Fukuda Denshi Co. Ltd. 5.6.4 GE Healthcare/GE 5.6.5 Mennen Medical USA/Mennen Medical 5.6.6 Mindray North America/Mindray Medical International Ltd. 5.6.7 Philips Healthcare/Koninklijke Philips N.V. 5.6.8 Spacelabs Healthcare/OSI Systems 5.6.9 Welch Allyn 5.7 Telemetry Monitoring Systems 5.7.1 Drager Medical/DrÃ¤gerwerk 5.7.2 GE Healthcare/GE 5.7.3 Mindray North America/Mindray Medical International Ltd. 5.7.4 Nihon Kohden America/Nihon Kohden Corporation 5.7.5 Philips Healthcare/Koninklijke Philips N.V. 5.7.6 Spacelabs Healthcare 5.8 Market Analysis 5.8.1 Market Forecast 5.8.2 Competitive Analysis Exhibit 5-1: 2015, Leading U.S. Suppliers of Vital Signs Monitoring Systems and Selected Products Exhibit 5-2: Selected Characteristics and Performance Requirements for Portable Vital Signs Monitoring Systems Exhibit 5-3: Criticare System's Portable eQuality and VitalCare Vital Signs Monitors Exhibit 5-4: Drager Medical's Infinity Delta and Infinity Delta XL Patient Monitors Exhibit 5-5: Drager Medical's Infinity Gamma XL Exhibit 5-6: Drager Medical's Infinity Mobile M540 Monitor and M500 Docking Station Exhibit 5-7: Fukuda Denshi USA's New Dynascope 7000Series DS-7200 Bedside Monitor Exhibit 5-8: GE Healthcare's New B40 Patient Monitor Exhibit 5-9: GE Healthcare's CARESCAPE V100 Monitor Exhibit 5-10: GE Healthcare's CARESCAPE Monitor B850 Exhibit 5-11: Mennen Medical's New MennMove 3 Vital Signs Monitor Exhibit 5-12: Mennen Medical's VitaLogik 4000 Vital Signs Monitor Exhibit 5-13: Mindray's Portable Duo Vital Signs Monitor Exhibit 5-14: Philip's Healthcare's IntelliVue MP5SC Spot-Check Monitor Exhibit 5-15: Philips Healthcare's IntelliVue MP90 Bedside Monitor Exhibit 5-16: Philips Healthcare's New IntelliVue MX550 Bedside and Transport Energy Savings Monitor Exhibit 5-17: Philip's Healthcare's SureSigns VS3 and VS4 Patient Monitors Exhibit 5-18: Spacelab Healthcare's Ultraview DM3 Dual Monitor Exhibit 5-19: Spacelab's XPREZZON Bedside Patient Monitor Exhibit 5-20: Spacelab's Qube Modular Patient Monitor Exhibit 5-21: Spacelab Healthcare's New Xhibit Central Station Exhibit 5-22: Welch Allyn's Connex Vital Signs Monitor Exhibit 5-23: Welch Allyn's Spot Vital Signs Monitor Exhibit 5-24: Welch Allyn's New Connex Spot Monitor Exhibit 5-25: Welch Allyn's Propaq LT Monitor Exhibit 5-26: Selected Characteristics and Performance Requirements for Telemetry Vital Signs Monitoring Systems Exhibit 5-27: Drager Medical's Infinity M300 Telemetry Monitor Exhibit 5-28: GE Healthcare's ApexPro CH and ApexPro FH Telemetry Systems Exhibit 5-29: GE Healthcare's CARESCAPE Mobile Viewers Exhibit 5-30: Mindray's New BeneVision TD60 Display Telemetry Transmitter Exhibit 5-31: Nihon Kohden's NTX Multi Parameter Ambulatory Transmitter and ZM Ambulatory Transmitters Exhibit 5-32: Philips Healthcare's IntelliVue MX40 Wearable Patient Monitor Exhibit 5-33: Philips Healthcare's IntelliVue Nondiagnostic Mobile Caregiver App Exhibit 5-34: Spacelab's AriaTele Telemetry Transmitter Exhibit 5-35: Vital Signs Monitoring Systems, Market Forecast, 2014-2019 Exhibit 5-36: 2014, Vital Signs Monitoring Systems, Share by Supplier 6. NEW AND EMERGING WEARABLES/REMOTE MONITORING DEVICES 6.1 Selected Emerging Monitoring Devices 6.1.1 Acarix A/S 6.1.2 Cerora 6.1.3 Eko Devices, Inc. 6.1.4 Alcon/Novartis and Google[x] 6.1.5 iRhythm Technologies 6.1.6 Medtronic plc 6.1.7 Nonin Medical 6.1.8 Oxitone Medical Ltd. 6.1.9 Proteus Digital Health 6.1.10 Vital Connect Exhibit 6-1: The Noninvasive Acarix A/S CADScor System for Detection of Coronary Murmurs Exhibit 6-2: Cerora's Cerora Borealis Neurodiagnostics Technology for Monitoring Concussions Exhibit 6-3: Eko Device's Newly FDA Cleared Eko Core Next-Generation Digital Stethoscope Exhibit 6-4: Google[x] and Alcon's Smart Contact Lens Glucometer Exhibit 6-5: Medtronic's New Adhesive SEEQ Mobile Cardiac Telemetry (MCT) Device Exhibit 6-6: Medtronic's Reveal LINQ Insertable Cardiac Monitoring (ICM) System Exhibit 6-7: Medtronic's Reveal XT Insertable Cardiac Monitor Exhibit 6-8: Nonin Medical's Apple iOS-compatible NoninConnect Wireless Finger Pulse Oximeter Exhibit 6-9: Oxitone Medical's Wrist-Worn Pulse Oximeter Exhibit 6-10: Proteus Digital Health's First-in-Class Wearable and Ingestible Drug-Device Platform, the Proteus Discover Exhibit 6-11: Vital Connect's HealthPatch MD 7. U.S. PATIENT MONITORING DEVICES MARKET i. Pulse Oximetry ii. Cerebral Oximetry iii. Brain Function Monitors iv. Hemodynamic Monitoring v. Vital Signs Monitoring Exhibit 7-1: U.S. Patient Monitoring Devices Market, 2014-2019 Exhibit 7-2: 2014, U.S. Patient Monitoring Devices Market, Share by Segment Exhibit 7-3: 2019, U.S. Patient Monitoring Devices Market, Share by Segment APPENDIX A: COMPANY LISTING