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European Markets for Multiparameter Mid-range Patient Monitors
Frost & Sullivan, Dec 2009, Pages: 80
This research service studies qualitative and quantitative aspects of the multiparameter mid-range patient monitors markets in Europe. Regions like Benelux, Scandinavia, and countries such as Germany, France, Italy, Spain and United Kingdom are part of this study
Research Overview
This Frost & Sullivan research service titled European Markets for Multiparameter Mid-range Patient Monitors provides a comprehensive analysis of the European multiparameter mid-range patient monitors markets. The scope of the analysis mainly pertains to the European regions such as Benelux, France, Germany, Italy, Scandinavia, Spain and the United Kingdom. It includes an analysis of the factors driving the market growth, challenges faced by the industry and opportunities within the market for the long term.
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 program 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
Array of Affordable Products Crucial for the Growth of the European Market for Multiparameter Mid-range Patient Monitors Market
The European market for multiparameter mid-range patient monitors is in its medium growth stage. Reducing healthcare costs is a primary concern; therefore, affordability and a wide range of product offering are vital for market participants to succeed. 'The most important driver of this market is the shift from critical care to sub acute care along with a demand for devices that facilitate the multi parameter patient monitoring,' says the analyst of this research. 'There has been an increase in the demand for patient friendly, easy-to-operate, and well designed affordable equipment, which is boosting the sales of technologically advanced products.' In western Europe, the growing cohort of aged people as well as increasing prevalence of fatal diseases are propelling the demand for regular monitoring of patients through common equipment. Therefore, pioneering technology in the product line at considerably lower rates that reduces patients’ stay time in hospital and overall costs is being preferred by the medical community.
However, reduced hospital budgets are decreasing the sales of the equipment. Additionally, most of the hospitals are delaying their purchases, as they are equipped with multiparameter monitors. 'Although the sales volume has been rising at a constant pace, the plummeting prices in the turbulent economic times, has limited the revenues earned in the European market for mid-range patient monitors,' explains the analyst. 'Another major challenge faced by the manufacturer is to make technologically advanced products that are compatible with existing equipment.'
Collaboration with established local companies will help manufacturers in providing effective services while maintaining profit margins. Bundling of products too enable manufacturers to offer wide ranges of products at discounted prices to end users. 'To understand and satisfy the customers’ needs, it has become imperative for manufacturers to provide accurate, reliable devices in association with an efficient local or regional market participant,' concludes the analyst.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Region:
- The United Kingdom
- Germany
- France
- Italy
- Scandinavia
- Benelux
- Spain
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