|
|
 |
|
Viewing report
|
|
|
|
Western and Eastern European Multiparameter Patient Monitors
Frost & Sullivan, July 2011, Pages: 120
This research service provides a qualitative and quantitative analysis of the multiparameter patient monitors market in western and eastern Europe. The rise in aging population and increased occurrence of chronic disorders across the globe have driven the demand for devices for monitoring patients' vital parameters. The application areas studied in this study include critical care, perioperative care, non-critical care, transport care, emergency care, alternate care and MRI settings. This research service does not include software associated with the patient monitors.
This Frost & Sullivan research service titled Western and Eastern European Multiparameter Patient Monitors Market offers a detailed examination of key industry challenges as well as market drivers and restraints. In this research, Frost & Sullivan's expert analysts thoroughly examine multiparameter patient monitors used in application care settings such as critical care, perioperative care, emergency care, alternate care, transport care, non-critical care and MRI settings. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
MARKET OVERVIEW
Continuously Expanding Patient Pool to Support Steady Market Growth
The multiparameter patient monitors market, both in western and eastern Europe, is at a stable growth stage. The pressing need for devices that aid effective diagnoses of cardiovascular diseases is a major factor fuelling market growth. An ageing population, along with unhealthy lifestyles, has boosted demand for multiparameter devices. However, growth in some regions is slow because it is largely a replacement market. “The most important driver in the market is the need for easy-to-use and patient-friendly devices that enable rapid and effective diagnoses of patients' vital parameters,” notes the analyst of this research. “The need for accurate diagnoses that will help reduce costs for both patients and hospitals is also promoting market expansion.”
There has been a steady increase in the number of people over the age of 65 across Europe. The occurrence of chronic illness, heart disorders and hypertension is also on the rise. Further, unhealthy lifestyles have made even younger people prone to diseases. “Such trends are generating demand for devices that monitor a patient's vital parameters at all instances – bedside, critical care and during emergencies,” explains the analyst. “Multiparameter patient monitors fulfil these needs by offering rapid and accurate diagnosis.”
Currently, there is great demand for a pioneering technology with efficient networking and integrating capability. This would assist in optimal therapy management by providing rapid diagnoses.
High Growth Potential Exists for Innovative, Patient-friendly Devices that Support Rapid and Effective Diagnoses
Uneven reimbursement patterns present a challenge to market prospects. Diverse reimbursement rates across Europe make it difficult for manufacturers to sell their equipment. Moreover, in some cases, private hospitals and clinics have a limited patient intake due to the lack of reimbursement. “Competition among manufacturers is intensifying, accompanied by price erosion,” remarks the analyst. “Brand loyalty and stagnant technological development is creating difficulties for new entrants, while concomitantly, resulting in falling profit margins for established participants.”
Collaboration with established local companies would help manufacturers provide efficient services, while maintaining profit margins. Manufacturers should focus on offering value for money to end users through product differentiation. “It is critical that manufacturers provide patient friendly devices that are innovative, accurate and reliable,” advises the analyst. “This would invoke the medical community's interest and spur the replacement of existing equipment.”
MARKET SECTORS
Expert Frost & Sullivan analysts thoroughly examine the following application segments in this research:
- Critical care
- Perioperative care
- Non-critical care
- Transport care
- Emergency care
- Alternate care
- MRI settings
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
