Central Monitoring Station Market to Boost due to Increase in Number of Patient Hospitalization

Central Monitoring Station Market: Overview

Central monitoring station market is expected to register a significant CAGR over the forecast period. Based on the end user, the global central monitoring station market is segmented into ambulatory surgical centres, hospitals, trauma centers, and others. Hospitals segment is expected to hold maximum market share in the global central monitoring station market during the forecast period.

The central monitoring station is computer systems that are networked with a fixed number of patient monitors. The central monitoring station displays the associated monitoring device waveforms on a single or multiple monitors. The central monitoring station further allows the healthcare professionals to monitor and keep a check on the number of patients at the same time.

Most of the central monitoring station allows the monitoring of at least two waveforms. Based on the configuration, the central monitoring station may include the modules for various parameters like respiratory rate, ECG, body temperature, cardiac output, SpO2, and others. The main monitor of the central monitoring station is placed in the central station.

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The central monitoring station is generally used in the surgical areas, medical area, and cardiac rehab centers, and can also be used with telemetry devices. Usually, a central monitoring system has a lifetime of around 7 to10 years and may cost approximately US$ 4,500 to 40,000. The central monitoring station has only one major requirement, which is an uninterrupted power supply.

Central Monitoring Station Market: Drivers and Restraints

Over the past few years, it is observed that the healthcare industry is strongly addressing the healthcare professional’s pain points. This is increasing the number of hospitals in emerging countries. Increasing number of hospitals increases the number of hospital beds and upsurge the need for a centralized healthcare system which drives the growth of the global central monitoring station market.

Moreover, an increase in the number of patient hospitalization is further boosting the growth of the global central monitoring station market. However, due to the limited flexibility of the central monitoring station in terms of the number of connected monitors may hamper the growth of the global central monitoring station market. Presently, the central monitoring station is still not used much as it is still believed that the hospital personals could pay more attention to the devices more than the patient itself.

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Central Monitoring Station Market: Regional Outlook

On the basis of geography, the global central monitoring station market is segmented into eight key regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding China and Japan, China, Japan, and Middle East & Africa. North America central monitoring station market is expected to hold maximum market share owing to the increased adoption of advanced technology in the field of hospital management. This is further followed by Western Europe central monitoring station market and anticipated to hold the second highest market share in the global central monitoring station market. This is majorly due to the rising demand for centralized monitoring station in European countries.

Asia Pacific central monitoring station market is projected to grow at a significant growth rate over the forecast period due to lack of sufficient healthcare facilities and trained healthcare professionals. Whereas, the low middle income region like Latin America and the Middle East and Africa are expected to show sluggish growth in the global central monitoring station market.