Key Areas of Medical Need
VitalStream is a FDA approved wireless patient monitoring platform. The platform’s ability to collect data from other BLE-capable devices, including weighing scales, glucose meters, insulin pumps and fall detectors means it can have broad sweeping clinical applications. Personal Wellness, Sleep Studies, Veterinary Medicine and Oral Surgery can all benefit from VitalStream. However, we are initially focusing on three key medical needs:
1. Non-Invasive Hemodynamic Monitoring
For 30% of ICU patients, continuous blood pressure monitoring means an invasive arterial catheter. As well as being uncomfortable, these have significant complication rates, including infection, occlusion, sepsis etc (see diagram).
- The Global Market for Hemodynamic Monitoring devices is expected to grow from $1B in 2021 to $2.2B in 2030, with Non-Invasive and Minimally Invasive devices driving the fastest growth
- VitalStream’s low-cost, real-time, beat-by-beat BP and HR wireless patient monitoring is a tested solution, which reduces risk and patient discomfort and dramatically cuts costs.
2. Medical Grade Wearable Patient Monitoring for Telehealth, Hospital@Home, and Remote Patient Monitoring
The global digital patient monitoring devices market size was estimated at USD 62.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 23.5% from 2021 to 2028.
- Hospital @ Home programs are expanding rapidly, pushing the need for High Acuity Remote Monitoring outside hospital walls
- Hospitals need to monitor patients after discharge to mitigate re-admission and the associated penalties.
- The ageing Baby Boomer demographic means long-term care needs are on the rise.
- The burgeoning adoption of digital tablets, connectivity and cloud data means patients expect ongoing connectivity with their clinician.
- VitalStream is easy to send home with a patient to track and report their vital signs securely from anywhere.
3. Wireless “Connected Patient” Hospital Vital Sign Monitoring
The global market for vital sign monitors is $3.15billion, growing at 6.6% CAGR, yet it is still dominated by ‘traditional’ monitors.
- Many hospitals are ready to upgrade/replace traditional bedside monitors.
- Traditional monitors may be able to ‘talk’ to central nurses’ stations, but remain mounted on a wall or pole and connect to the patient via cumbersome wires, leads and hoses.
- VitalStream wireless monitoring uses a simple finger cuff and wrist-mounted transmitter, allowing complete mobility, so monitoring continue as the patient moves between hospital departments.
- Studies into wireless patient monitoring suggest that it can reduce hospital costs and improve patient outcomes. VitalStream may, therefore, reduce hospital liability by keeping patients monitored pre-admission, while waiting for a bed etc.