OSI Systems Inc.
Latest From OSI Systems Inc.
US Patient Monitoring Devices Market Forecast To Grow $500 Million By 2019 Despite Pricing Pressures, Spending Slowdown
Despite slowdowns in capital equipment spending and strong pricing pressures, the US patient monitoring device market will grow by over $500 million between 2014 and 2019, reaching more than $2.5 billion by 2019 – a CAGR of almost 5%. Several factors are driving growth in this market, including the need for seamless solutions that can provide monitoring from hospital to home, and the growing adoption of portable and wearable technologies.
Recent approvals and market launches include St. Jude’s ViewFlex Xtra catheter for cardiac imaging, Myoscience’s cold therapy pain treatment device and Spacelabs’ Blease900 ventilator for anesthesia.
Brief summaries of recent medtech market and industry developments. This month we cover FDA's internal investigation of ReGen's Menaflex knee implant, the Institute of Medicine's review of the 510(k) process, and the lack of long-term efficacy data on artificial cervical discs.
This is the device industry's wireless wake-up call. With all the speed and acceleration of an advancing information technology industry, forces outside of the medical device industry are driving shifts in medical product markets and business models. Those forces include the consumerization. globalization, systematization, and economies of scale created by IT. Wireless medicine enables connectivity between caregivers and patients, continuous monitoring of patients with chronic diseases, and a new paradigm for personalized medicine, one based on the patterns that can be gleaned from enormous volumes of individualized patient data, rather than on blood-based biomarkers.
- Therapeutic Areas
- North America
- Parent & Subsidiaries
- OSI Systems Inc.
- Senior Management
- Deepak Chopra, Chmn., Pres. & CEO
- Contact Info
OSI Systems Inc.
12525 Chadron Ave.
Hawthorne, CA 90250