Centralized patient monitoring system is expected to grow at a CAGR of around 6.5% from 2020 to 2027 and reach the market value of over US$ ~26 Bn by 2027.
Centralized patient monitoring system systems have the capacity to connect more than 64 bedside units together which means staff members can complete the ward check at a glance with real-time data displayed. These have user-friendly interfaces combined seamless networking system with wired or wireless LAN networking. These can provide flexible access to critical patient data along with advanced clinical decision support, enhanced care, and streamlined workflow. Moreover, a typical central patient monitoring system has a lifespan of about 7-10 years and may cost US$ 4,500 - 40,000.