There is an increasing focus on remote monitoring and out-of-hospital care due to the COVID-19 pandemic and the rise in healthcare costs. This development has significantly increased the demand for multiparameter patient monitoring devices in out-of-hospital settings. Moreover, the increasing burden on the healthcare workforce has positively impacted the demand for devices that support remote monitoring and virtual care.
• How are vendors operating in the multiparameter patient monitoring devices sector with new software and platform solutions?
• What are the newer business models like monitoring-as-a-service and subscription-based models? How do they shift costs from capital expenditure to operating expenditure, making these solutions more affordable for customers and driving growth?
• Furthermore, why are start-ups venturing into the wearables and contactless monitoring sector? Does this sector hold significant potential?
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