Revenue growth is expected to grow in 2018 and 2019 as PMD works closely with European and Asian markets.
PMD Solutions’ ambition is to improve patient outcomes by making every breath count. PMD plans to continue with its clinical investigations which bolster not only the technology’s accuracy and robustness but to also demonstrate its ability to transform patient flow by triggering more early interventions and reducing the cost of care for both hospital and patient. PMD claims that by 2020, RespiraSense will have saved European healthcare systems €775 million by reducing adverse events, reducing the length of patient stay, reduce preventable intensive care admissions, and improve the quality of life for patients.
An output of PMDs clinical investigations has shown motion-tolerant respiratory rate monitoring, this is something that no other manufacturer has achieved. Following on from the success of achieving CE Mark certification this year the next step of submitting to the FDA for USA regulatory approval will be a major milestone in PMDs plans to be the industry leader in this area by 2020.
References
Cretikos, M., Chen, J., Hillman, K. The objective medical emergency team activation criteria: a case-control study. Resuscitation. 2007;73:62-72.
Hogan, J. Why don’t nurses monitor the respiratory rate of patients? British Journal of Nursing. 2006:15(9);489-492
Cretikos, M., Bellomo, R., Hillman, K., Chen, J., Finfer, S., Flabouris A. Respiratory rate: the neglected vital sign. Medical Journal of Australia. 2008;118(11):657-659.
Subbe, C.P Kinsella, S.H. Continuous Monitoring of Respiratory Rate in Emergency Admissions: Evaluation of the RespiraSense™ Sensor in Acute Care Compared to the Industry Standard and Gold Standard. Sensors 2018;18:2700.