Frost & Sullivan: Expanding Patient Population to Support Steady Growth in Multiparameter Patient Monitors Market in Western and Eastern Europe

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• Publié par: frost-sullivan
• Nombre de lectures: 2
• Langue: English

Extrait

Frost & Sullivan: Expanding Patient Population

to Support Steady Growth in Multiparameter

Patient Monitors Market in Western and

Eastern Europe

PR Newswire

LONDON, June 15, 2012

- Significant Opportunities Exist for Easy-to-use, Patient-friendly

Devices that Enable Rapid and Effective Diagnosis

LONDON

,

June 15, 2012

/PRNewswire/ -- 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.

New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com),

Western and Eastern European Multiparameter Patient Monitors

Market

, finds that the market earned revenues of

$488.6 million

in 2010 and

estimates this to reach

$647.5 million

in 2017. The research focuses on the

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.

"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 Frost & Sullivan Senior Research Analyst Akanksha

Joshi. "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 Joshi. "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.

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 Joshi. "Brand loyalty and stagnant technological development

is creating difficulties for new entrants, while concomitantly, resulting in falling