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U.S. Cardiovascular Monitoring Equipment Markets
Frost & Sullivan, April 2002
Expanding Patient Population Drives Steady Growth
Cardiovascular medicine has rapidly evolved from post-heart attack therapy to a more precise field for treating cardiovascular disease. As baby boomers near an age where the incidence of heart disease increases, the demand for equipment that monitors cardiovascular conditions is expected to rise. Despite intense competition in the marketplace, growth opportunities exist for participants that form strategic alliances and meet to shifting end user demands.
This Frost & Sullivan study evaluates the U.S. cardiovascular monitoring equipment markets, including the electrocardiograph and ambulatory
electrocardiograph segments. It also provides revenue forecasts and market share analysis for each technology. By pinpointing industry challenges and offering strategic recommendations, this research enables your firm to maximize market share.
Efficiency Benefits Propel ECG Data Management Systems Sales
As larger hospitals move toward computerized record keeping for electrocardiograms (ECGs), they are increasingly investing in data management systems. The connectivity of these systems within and between healthcare institutions allows physicians to access medical and hospital databases to quickly generate a comparative analysis of patients’ histories. By implementing a data management system, hospitals will be able to enhance efficiency, eliminate the loss of data, and accurately bill for medical procedures, states the studys author. This method of data assembly provides administrative and operational benefits to healthcare institutions, which will justify its expense. As a result, ECG data management systems are the fastest growing segment of this market.
Product Differentiation Techniques Prove Lucrative
Due to intense industry competition, smaller firms will find it advantageous to utilize product differentiation strategies rather than reduced pricing methods to establish themselves in the marketplace. Participants can accomplish this by developing niche marketing campaigns as well as promoting the distinct attributes of their products and related services.
Companies that focus on a few segments of the market are expected to develop expertise and a strong association with their product categories, says the analyst. It is the subsequent product differentiation that is expected to attract new clientele and strengthen customer loyalty among existing users.
This research provides a comprehensive analysis of the U.S. cardiovascular monitoring equipment market. By identifying emerging trends and determining the key factors influencing consumers, this study can help your firm succeed within this dynamic field.
Market Participants
Advanced Biosensor
Aerotel Medical Systems
Applied Cardiac Systems, Inc.
Arrhytmia Research Technology, Inc.
Biomedical Systems Corp.
Brentwood Medical Products, Inc.
Cambridge Heart, Inc.
Cardio Perfect, Inc.
Cardioline USA, Inc.
Cardionics, Inc.
Compumed, Inc.
Control-X Medical
Del Mar Medical
Fukuda Denshi America Ltd.
GE Medical, Inc.
HealthWatch Technologie
Instromedix
Invivo Research, Inc.
Lynn Medica
Medical Graphics Corp.
Medical Systems Internationa
Medtronic-Physio Control Corp.
Mortara Instrument, Inc.
Nihon Kohden America, Inc.
Pacear
Philips Medical Systems
Qmed Interactive Heart Management Corp.
Quinton, Inc.
Ralin Medical/CorSolutions Medical, Inc.
Reynolds Medical/Ferraris Group Ltd.
Rozinn Electronics, Inc.
Schiller A
Spacelabs-Burdick, Inc.
TZ Medical, Inc.
Universal Medical, Inc.
Welch Allyn Protocol, Inc.
Yamaguchi Medical Instrument Co.
Zimmer Elektromedizin Corp.
Zymed Medical Instrumentatio
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