- Language: English
- 299 Pages
- Published: June 2013
- Region: Global
Profiles of Key Participants in the European Patient Monitoring Markets
- Published: July 2005
- Region: Europe
- Frost & Sullivan
Market Grapples with Ongoing Consolidation and Rising Healthcare Costs
Patient monitoring devices account for a major portion of hospitals’ capital expenditure as they are virtually indispensable in their intensive and critical care units. However, in Europe, this market is fast nearing maturity and has seen an increasing number of consolidations in the form of mergers and acquisitions over the last few years. Today, it is largely a replacement market, with growth increasingly dependent on the substitution of existing equipment. Moreover, European governments are under tremendous pressure to reduce the number of hospitals on a nation-wide basis due to compelling cost reasons. This has effectively closed off new avenues for manufacturers of patient monitoring devices. Therefore, the urgent need in the market is for enhanced investment in research and development (R&D) in order to manufacture advanced monitors that can replace existing equipment.
This Frost & Sullivan research service profiles key participants in the patient monitoring devices market, providing vital information about these companies’ financial performance and product development as well as any major events including mergers and acquisitions. This comprehensive compilation of critical industry data aids in superior decision-making and can also help participants evaluate their performances in comparison to their competitors.
Increase in Aging Population Suffering from Various Diseases Boosts Need for Patient Monitoring Devices
With an increasing population prone to various chronic illnesses such as diabetes and a growing number of aging baby boomers often requiring home care, the need for continuous blood glucose and remote patient monitoring might well provide a much-needed boost to the patient monitoring devices market, notes the analyst of this research service.
Abbott Diabetes Care, part of Abbott Laboratories’ Medical Products Group, is a major global participant in the blood glucose monitoring business. The company boasts of a comprehensive product line for blood glucose monitoring, including data management systems, and uses a proprietary technology called 'True Measure' that provides highly accurate measurements. Providing strong competition to Abbott are Bayer Diagnostics and Lifescan, Inc., both of whom have a significant presence in the areas of diabetes management and continuous blood glucose monitoring.
Technological Advancements Needed to Drive Market Growth
Following a lull in the technology development cycle, the patient monitoring devices market is now moving from mere monitoring to patient management, with wireless technology and remote patient monitoring becoming a reality. Some market participants stand out for their path-breaking contribution to the market’s technological progress. Spacelabs Medical, Inc., for instance, has developed revolutionary monitoring information systems that make patient data available anytime, anywhere. Welch Allyn, Inc. has pioneered lightweight multiparameter systems that can be used as bedside as well as portable or ambulatory monitors, while GE Healthcare has launched the world’s first non-invasive hemodynamic patient monitor.
It is increasingly clear that the patient monitoring market needs to focus on developing new technologies for which enhanced R&D expenditure is necessary, says the analyst. The need of the hour is to create products that can help solve the prime concerns of healthcare providers - the growing population and burgeoning costs.
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1. Introduction to Patient Monitoring Devices Industry
1. Overview of the European Patient Monitoring Devices Market
2. Market Segmentation Matrix
3. Company Profiling
4. Exchange Rates for 2004 Revenues
2. Key Industry Participants
1. Company Profiles
1. A&D Company Limited
2. Abbott Laboratories
3. Aerotel Medical Systems (1998) Ltd
4. Alaris Medical Systems
5. Analogic Corporation
6. B.Braun Melsungen AG
7. Baxter International Inc.
8. Bayer Diagnostics
9. (BCI) Smiths Medical PM Inc
10. Becton Dickinson and Company
11. Biotel Incorporated
13. Cardguard Group of Companies
14. Cardiac Science International
15. CAS Medical Systems
16. Criticare Systems Inc
17. Danmeter A/S
18. Datascope Corp
20. Docobo Ltd
21. Dräger Medical AG & Co. KGaA
22. Ferraris Group plc (Del Mar Reynolds Division)
23. Fukuda Denshi Company Limited
24. GE HealthCare
25. Health Hero Network Inc.
26. Hospira Inc.
27. Invivo - An Intermagnetics Company
28. Lifescan Inc
29. Lohmeier (B.Braun Medicine Electronics )
30. Masimo Corporation
31. Medical ECONET Gmbh
32. Medtronic Minimed
33. Medtronic Emergency Response Systems
34. Mennen Medical Ltd
35. Mindray Co. Ltd.
36. Nellcor Puritan Bennett Inc
37. Nihon Kohden Corporation
38. Oridion Systems Inc
39. Philips Medical Systems
40. Quinton Cardiology Systems Inc
41. Respironics Inc
42. Roche Diagnostics
43. Schiller AG
44. Sorin Biomedica
45. Spacelabs Medical Inc.
46. Tunstall Group Ltd
47. Viterion TeleHealthcare LLC
48. Welch Allyn Inc
50. Zoll Medical Corporation
3. Decision Support Databases
1. Decision Support Database
1. Database on Number of Hospitals in Europe
2. Database on Number of Hospital Beds in Europe
3. Database on Government Healthcare Expenditure in Europe
4. Database on Private Healthcare Expenditure in Europe
5. Database on Healthcare Expenditure as a percentage of GDP