A report from MarketsandMarkets predicts that the global endoscopy market will reach $35.36 billion by 2021, up from its current level at $26.23 billion, at a compound annual growth rate of 6.2%. Major factors driving market growth include the rising number of hospitals and growing hospital investments in the expansion of endoscopy instruments and growing patient preference for minimally invasive surgeries.
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As medical devices become increasingly complicated and amass ever-larger quantities of data, hospitals continue to struggle with how to tap the vast stores of knowledge under their own roofs. Companies like Capsule want to be the answer. Kevin Phillips, the company’s vice president of marketing and product management, recently spoke with 24×7 about why it’s OK for hospitals to start small on analytics and his prediction for the hybrid future of biomed and IT.
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Capsule has received FDA 510(k) clearance of its SmartLinx Vitals Plus, a patient monitoring system that integrates vital signs monitoring and clinical documentation into one scalable platform. SmartLinx Vitals Plus is designed to offer healthcare facilities an alternative to conventional monitoring as they retire older vital signs monitors.
Read MoreResearch and Markets has announced the availability of its latest report, which names the key players and drivers in the endoscopy devices market. According to the report, the global endoscopy devices market is expected to continue growing at a compound annual growth rate of 5.53% between 2014 and 2019.
Read MoreA new report from Transparency Market Research projects that the medical device connectivity market will grow from $3.5 billion in 2012 to $33.5 billion by 2019, for a compound annual growth rate (CAGR) of 37.8%. The report attributes the growth to the improvements in workflow and patient care arising from use of electronic medical records.
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