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Staff shortages to drive use of healthcare monitoring technology: Kalorama

Iain Morris
November 12, 2014

Staff shortages and reductions are driving sales of patient monitoring systems, according to a new study from market-research company Kalorama.

The market for advanced patient monitoring systems will grow at a compound annual rate of 9% over the next four years, according to Kalorama, as the need to observe more patients with the same number of staff forces healthcare institutions to make increased use of technology.

“Use of remote patient monitoring can result in more efficient use of healthcare resources, and with expected shortages in staff, stressed healthcare systems are looking at them,” said Melissa Elder, Kalorama's patient monitoring device analyst and the author of the report.

Kalorama says that important changes in hospital staffing will drive the use of systems.

These include a shortage of physicians in the US, with the Association of American Medical Colleges estimating the country will be short of 124,000 physicians by 2025.

Universal healthcare is expected to have an impact on this shortage by increasing the demand for services.

In addition, there will also be a shortage of 250,000 nurses in the US market in 2025, according to data from the US Department of Health and Human Services.

Kalorama believes the shortage of nurses will be more significant than the shortage of physicians, purely because nurses perform the vast majority of patient monitoring in hospitals, nursing homes, small clinics and other institutions.

The company reckons that use of new technologies will go a long way towards offsetting the effects of this nursing shortage.

It classified patient monitoring as all products and services that allow healthcare providers to diagnose, consult, monitor and treat patients.

Remote patient monitoring, however, is defined as technology that allows these functions to be performed even in the absence of a doctor.
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