U.S. Patient Monitoring Industry Outlook

Frost & Sullivan, July 2003

Physician and Nursing Shortage Emphasizes Need for Patient Monitoring Systems

Growth in the aging population in the U.S. and the acute shortage of physician and nursing staff in most hospitals is increasing the need for reliable, easy-to-use patient monitoring devices. The demand for critical care specialists to provide medical services is likely to exceed their supply in the coming years. With a similar shortfall expected in nursing recruits, advances in motion-tolerance and other patient monitoring technologies that can reliably monitor critical care patients will prove to be a boon. The ongoing evolution of patient monitoring systems reduces manual measurements and enables caregivers to devote more time to actual patient care. As more hospital departments move to central stations and data-access through local area networks, the resulting integration and interconnectivity will also enable the simultaneous monitoring of more patients.

This Frost & Sullivan research service analyzes the U.S. markets for patient monitoring equipments. It provides an analysis of market drivers, restraints, and forecasts, identifying areas of growth. The study covers 12 major segments in the industry such as the rapidly expanding diabetes glucose self-monitoring, telemetry, sleep apnea monitoring, external defibrillators, and blood pressure monitoring markets.

Product and Technology Innovations Continue to Develop Markets

Each of the segments of the patient monitoring industry brings unique challenges and trends to the overall industry. Some markets are mature and manufacturers are working on revitalizing them with product and technology innovations such as pulse oximetry and blood pressure monitors.

The double-digit growth for patient monitoring industry should not come as a surprise, says the author of the study. Even as the ER and critical care wards are highly penetrated by traditional patient monitoring units, innovative products that make their way through alternate care and home markets are gaining popularity and these are the markets that can change the face of the industry.

Patient Education and Awareness on Health Conditions Can Help Increase Market Penetration

Half of the diabetic patients do not realize that they have diabetes; sudden cardiac arrest (SCA) is often mixed with heart attack; and obstructive sleep apnea (OSA) is not well known among the public, notes the author. Raising the awareness on such lesser-known health conditions can help markets in the early developmental stage to increase market penetration. Physician- and patient-targeted marketing as well as media coverage and celebrity promotions can be used to gain public attention. Collaborating with industry organizations is another tool for education since institutions often have efficient measurement and campaigns to raise local and national awareness.

1 EXECUTIVE SUMMARY
Introduction

- 1. Overview
2 TOTAL U.S. PATIENT MONITORING INDUSTRY OUTLOOK
Introduction

- 1. Market Overview

- 2. Analysis

- 3. Methodology

- 4. Total Revenues and Revenue Breakdown by Modality Trends Affecting the U.S. Patient Monitoring Equipment Industry

- 1. Rise in Aging Population and Higher Levels of Acuity Among Patients

- 2. Physician and Nursing Shortages and Usage Patterns of Patient Monitoring Equipment

- 3. Hospital Consolidations and Increase in Freestanding Surgery Centers

- 4. Potential for Alternate Care Market

- 5. Integration and Infrastructure Build-out

- 6. Industry Consolidation and High Barriers of Entry

- 7. Patient Education and Awareness on Health Conditions

- 8. Group Purchasing Organizations Limiting Industry Profitability

3 PATIENT MONITORING EQUIPMENT MARKET SEGMENTS
Multiparameter Monitoring Equipment Markets

- 1. Total Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Hospital Market

- 5. Alternate Site Market Fetal and Neonatal Monitoring Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Electronic Fetal Monitor Market

- 5. Neonatal Monitor Market

- 6. Neonatal Non-invasive Blood Gas Monitor Market Cardiovascular Monitoring Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Electrocardiograph Market

- 5. Ambulatory Electrocardiograph Market Sleep Apnea Monitoring Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Diagnostic Market

- 5. Therapeutics Market Diabetes Glucose Self-Monitoring Devices Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Meters Market

- 5. Test Strips Market Blood Pressure Monitoring Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Health Station Blood Pressure Monitor Market

- 5. Sphygmomanometers Market

- 6. Ambulatory Blood Pressure Monitor Market

- 7. Automated Blood Pressure Monitor Market Temperature Monitoring Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Digital Temperature Monitor Market

- 5. Mercury Temperature Monitor Market

- 6. Infrared Temperature Monitor Market

- 7. Electronic Temperature Monitor Market Anesthesia Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Anesthesia Monitors Market

- 5. Anesthesia Machines Market External Defibrillators Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Hospital Market

- 5. Prehospital Market

- 6. Public Access Market Pulse Oximetry and Capnography and Anesthesia Agent Monitoring Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Pulse Oximetry Equipment Market

- 5. Capnography Monitoring Equipment Market

- 6. Anesthesia Agent Monitoring Equipment Market Ambulatory Telemetry Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Hospital Market

- 5. Cardiac Rehabilitation Market EEG Diagnostic and Monitoring Equipment Markets

- 1. Market Overview

- 2. Market Drivers

- 3. Market Restraints

- 4. Sleep Monitoring Equipment Market

- 5. Clinical EEG Monitoring Equipment Markets

- 6. Long-term Epilsepsy Monitoring Equipment Market

List Of Figures

Chapter 2

- Patient Monitoring Industry Outlook: Individual Frost & Sullivan Reports Used as Sources (U.S.), 2002

- Patient Monitoring Industry Outlook: Total Revenue Forecasts (U.S.), 2000-2005

- Patient Monitoring Industry Outlook: Revenue Breakdown by Segment (U.S.), 2000-2005

Chapter 3

- Multiparameter Monitoring Equipment Market: Total Revenue Forecasts (U.S.), 2000-2005

- Multiparameter Monitoring Equipment Market: Database of Key Industry Participants by Product Type (U.S.), 2001

- Multiparameter Monitoring Equipment Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Multiparameter Monitoring Equipment Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Hospital Multiparameter Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Alternate Care Multiparameter Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Fetal and Neonatal Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Fetal and Neonatal Monitoring Equipment Market: Database of Key Industry Participants by Product Type (U.S.), 2001

- Fetal and Neonatal Monitoring Equipment Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Fetal and Neonatal Monitoring Equipment Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Total Electronic Fetal Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Neonatal Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Neonatal Non-Invasive Blood Gas Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Cardiovascular Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Cardiovascular Market: Database of Key Industry Participants by Product Type (U.S.), 2001

- Cardiovascular Monitoring Equipment Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Total Cardiovascular Monitoring Equipment Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Total Electrocardiograph (ECG/EKG) Market: Revenue Forecasts (U.S.), 2000-2005

- Total Ambulatory Electrocardiograph Market: Revenue Forecasts (U.S.), 2000-2005

- Total Sleep Apnea Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Sleep Apnea Monitoring Equipment Market: Database of Key Industry Participants by Product Type (U.S.), 2001

- Total Sleep Apnea Diagnostics Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Total Sleep Apnea Diagnostics Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Sleep Apnea Diagnostics Market: Revenue Forecasts (U.S.), 2000-2005

- Total Sleep Apnea Diagnostics Market: Percent of Revenues by Product Type (U.S.), 2000-2005

- Total Sleep Apnea Therapeutics Market: Revenue Forecasts (U.S.), 2000-2005

- Total Sleep Apnea Therapeutics Market: Percent of Revenues by Product Type (U.S.), 2000-2005

- Total Diabetes Glucose Self-Monitoring Devices Market: Revenue Forecasts (U.S.), 2000-2005

- Total Diabetes Glucose Self-Monitoring Devices Market: List of Key Industry Participants by Product Type (U.S.), 2002

- Diabetes Glucose Self-Monitoring Meters Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Diabetes Glucose Self-Monitoring Meters Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Diabetes Glucose Self-Monitoring Meters Market: Revenue Forecasts (U.S.), 2000-2005

- Diabetes Glucose Self-Monitoring Test Strips Market: Revenue Forecasts (U.S.), 2000-2005

- Blood Pressure Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Blood Pressure Monitors Market: List of Key Industry Participants by Product Type (U.S.), 2002

- Health Station Blood Pressure Monitoring Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Health Station Blood Pressure Monitoring Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Pharmacy Health Station Blood Pressure Monitoring Market: Revenue Forecasts (U.S.), 2000-2005

- Sphygmomanometer Blood Pressure Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Ambulatory Blood Pressure Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Automated Blood Pressure Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Total Temperature Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Total Temperature Monitors Market: Database of Key Industry Participants by Product Type (U.S.), 2000

- Total Temperature Monitors Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Total Temperature Monitors Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Digital Temperature Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Mercury Temperature Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Infrared Temperature Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Electronic Temperature Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Total Anesthesia Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Anesthesia Equipment Market: Database of Key Industry Participants by Product Type (U.S.), 2002

- Anesthesia Equipment Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Anesthesia Equipment Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Multiparameter Anesthesia Monitors Market: Revenue Forecasts (U.S.), 2000-2005

- Anesthesia Machines Market: Revenue Forecasts (U.S.), 2000-2005

- Total External Defibrillator Market: Total Revenue Forecasts (U.S.), 2000-2005

- External Defibrillator Market: List of Key Industry Participants by Product Type (U.S.), 2001

- External Defibrillator Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- External Defibrillator Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Hospital External Defibrillator Market: Revenue Forecasts (U.S.), 2000-2005

- Pre-Hospital External Defibrillator Market: Revenue Forecasts (U.S.), 2000-2005

- Public Access Defibrillator Market: Revenue Forecasts (U.S.), 2000-2005

- Pulse Oximetry, Capnography and Anesthesia Agent Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Pulse Oximetry, Capnography and Anesthesia Agent Monitoring Equipment Market: Database of Key Industry Participants by Product Type (U.S.), 2002

- Total Pulse Oximeters Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Total Pulse Oximeters Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Pulse Oximeter Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- End-Tidal Carbon Dioxide Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Anesthesia Agent Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Medical Ambulatory Telemetry Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Medical Ambulatory Telemetry Monitoring Equipment Market: Database of Key Industry Participants by Product Type (U.S.), 2002

- Total Hospital Ambulatory Telemetry Monitoring Equipment Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Total Hospital Ambulatory Telemetry Monitoring Equipment Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Total Hospital Ambulatory Telemetry Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Cardiac Rehabilitation Ambulatory Telemetry Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Electroencephalograph Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Total Market for Electroencephalograph Equipment: Database of Key Industry Participants (U.S.), 2002

- Electroencephalograph Equipment Market: Market Drivers Ranked in Order of Impact (U.S.), 2002-2005

- Electroencephalograph Equipment Market: Market Restraints Ranked in Order of Impact (U.S.), 2002-2005

- Sleep Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Clinical EEG Equipment Market: Revenue Forecasts (U.S.), 2000-2005

- Long-Term Epilepsy Monitoring Equipment Market: Revenue Forecasts (U.S.), 2000-2005

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