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European Market for Foetal and Neonatal Monitoring Equipment
Frost & Sullivan, Nov 2009, Pages: 68
This research service examines the European market for foetal and neonatal monitoring equipment in terms of the challenges faced by market participants, drivers, and restraints in the industry, the market share analysis, the revenue forecasts and growth rates
Research Overview
This Frost & Sullivan research service titled European Market for Foetal and Neonatal Monitoring Equipment provides a detailed examination of market drivers and restraints along with strategic recommendations. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: foetal monitoring, neonatal monitoring and non-invasive blood gas monitoring.
This analysis is available through Frost & Sullivan's Patient Monitoring Growth Partnership Services programme. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services programme ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Hospitals and Patients Exhibit Rising Demand for Advanced Foetal and Neonatal Monitoring Equipment
The use of foetal and neonatal monitoring and diagnostics is growing due to a combination of various factors – higher awareness among expectant mothers about the advantages of sophisticated monitoring as well as non-invasiveness and greater safety offered by new prenatal diagnostic techniques. Across Europe, the rising need for new patient monitoring systems that can allow both hospitals and patients to better view foetal and neonatal monitored parameters is providing a fillip to market prospects. The demand for advanced features – chiefly due to the better marketing of these devices and improved awareness – is surging as they enable clinicians to view and access Windows applications on the same display of the patient waveforms and other vital signs data and to interact with other information systems across the hospital. At the same time, the use of foetal and neonatal monitoring and diagnostics is expanding due to the availability of maternity care reimbursement and insurance coverage in developed countries.
The average age of Europe’s maternal population has been increasing gradually. Advances in technology, coupled with improvements in in-vitro fertilisation, have led to greater success rates. Progress in fertilisation technology has resulted in most patients over the age of 35 being advised to take advantage of the enhanced control provided by in-vitro fertilisation. “This has boosted the rate of multiple pregnancies, as well as increased the possibility of a mother delivering prematurely,” notes the analyst of this research. “As the number of premature births rises, the demand for neonatal monitoring devices has risen concomitantly.” Hospitals have a growing need for new patient monitoring systems that support improved viewing of the neonates’ monitored parameters and alarm events, that is, provide an alarm during emergencies from any bed in the unit.
Smaller Participants Face Uphill Task
To remain competitive, leading market participants often bundle products, combining it with heavy discounts. In most cases, group purchasing organisations (GPOs) demand significant discounts from manufacturers. This affects smaller market participants. “GPOs, that have sufficient power to influence and control the market share of many products, also impose additional pressure on these participants by encouraging the purchase of comprehensive packages from a single vendor,” adds the analyst. “Smaller foetal and neonatal monitoring equipment companies are finding it extremely challenging to offer products at a discounted rate with the aim of attracting more customers while maintaining a steady flow of revenues.” Several foetal monitoring devices can be rented for as low as $17 per month. These devices can be rented at a low price through a system of pre-payment. On average, these devices cost $0.84 to $1.40 per day depending on their features. Such trends will affect market revenues in the long run.
“Doctors and care providers should caution mothers-to-be of foetal home monitors as they give a false sense of security,” states the analyst. “In many cases, the use of such home monitors results in delayed medical attention.” Furthermore, in many instances, parents panic when they hear abnormal noises. This is caused by blood flow through the placenta/mother's main blood vessels that can be heard with the help of Doppler monitors.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Application:
- Foetal monitoring
- Neonatal monitoring
- Non-invasive blood gas monitoring
By Country:
- France
- Germany
- Italy
- Spain
- The United Kingdom
- Benelux
- Scandinavia
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