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Chapter 122: US Markets for Critical Care Patient Monitoring Devices
In 2006, the US critical care patient monitoring market, consisting of vital signs, hemodynamic, neurological, and neonatal electroencephalography (EEG) monitoring systems, was valued at over $1.4 billion. Over the next 5 years the market will continue to grow, driven by a variety of factors including the aging population, hospital cost constraints, and increased clinical support for new patient monitoring technologies. By 2011, the market will generate nearly $1.7 billion in revenues, representing a compound annual growth rate (CAGR) of almost 4.0% from 2007 to 2011.