Global patient monitoring market grows to $31.4 billion

The demand for wireless and streamlined health devices has led to growth in the patient monitoring market, which currently boasts a global valuation of $31.4 billion, according to a report from Kalorama Information.

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The report examines the patient monitoring industry, which includes devices, software, packaged services and other applications.

"Cost savings are the major driver of sales, but the demand to integrate data into an EMR has also helped fuel purchases of new [patient monitoring] systems," Bruce Carlson, publisher of Kalorama Information, says in an announcement. "There is also an increasing trend to upgrade to ambulatory and hand-held devices." Announcement