Frost Radar™: Patient Monitoring, 2024

Frost Radar™: Patient Monitoring, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

The patient monitoring industry has been rapidly changing since the onset of the COVID-19 pandemic. New technologies, such as remote monitoring, are gaining traction, supported by the shift of healthcare to out-of-hospital settings. Home care settings also are prominent in chronic care management.

Hospitals want enterprise-wide solutions that address the challenges of rising costs, workforce shortages, and administrative burdens. In response, leading companies are developing advanced, digital solutions with AI-based algorithms; focusing on interoperability, seamless integration into hospital informatics, and patient data security; and investing in AI solutions for early warning and detection of patient deterioration. Multiparameter and vital signs monitoring is a major area of interest, and demand is increasing for related accessories, consumables, and services.

New business models, such as monitoring as a service, are propelling the industry toward its next phase of growth.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.