Based on its recent analysis of the remote patient monitoring market, Frost & Sullivan recognizes Bosch Healthcare with the 2011 North American Market Share Leadership Award.
While many remote patient monitoring systems still use unfocused value propositions that overpromise results, Bosch Healthcare offers a line of products and services that have been tried and tested in the real world of remote patient monitoring with repeated success. In particular, Bosch Healthcare offers both vital sign and disease management home telehealth products while retaining a clear value offering.
"Bosch Healthcare has successfully delivered a balance of ease of use and simplicity with the variability and customization of approach that the remote patient monitoring market desires," said Frost & Sullivan Senior Industry Analyst Zachary Bujnoch. "This has resulted in a leading market share position for Bosch Healthcare in the remote monitoring services domain, as its products and services continue to provide value for the largest customer populations."
At the core of Bosch Healthcare's market leadership are its two product lines: the Health Buddy System and the T400 Home Health Monitor. With these two product lines, Bosch Healthcare has proven its ability to provide effective healthcare solutions for chronic diseases and for post acute care of complex patients.
The Health Buddy System fits a variety of needs, such as the long-term management of patients with chronic diseases, including co-morbidities, while the T400 Home Health Monitor focuses on post-acute home healthcare needs.
"In addition, Robert Bosch Healthcare has provided home healthcare and disease management systems that have and continue to be a core part of the Department of Veteran's Affairs (VA) home telehealth program," said Bujnoch. "The VA continues to be the silent leader for remote patient monitoring in the U.S. It has expanded its telehealth program in 2011 with six more telehealth contracts, of which Robert Bosch Healthcare continues to be one of the recipients."
This long-standing relationship with the VA has been an important factor leading to Bosch Healthcare's market share leadership, along with contracts with other customers such as home healthcare agencies and hospital systems. The market continues to be a very fluid, competitive landscape with market share leadership being difficult to achieve.
"However, not only did Bosch Healthcare obtain market share leadership in 2009, they retained it in 2011 as well," said Bujnoch. "While the future is never certain in the world of telehealth and remote patient monitoring, Bosch Healthcare has carved out a place in the competitive landscape that will be difficult to dislodge."
In recognition of such achievements, Frost & Sullivan is proud to present Bosh Healthcare with the 2011 Market Share Leadership Award in the remote patient monitoring market. Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in capturing the highest market share within its industry. The award recognizes the company's leadership position within the industry in terms of revenues or units, as specified.
Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About Bosch Healthcare
Robert Bosch Healthcare (bosch-telehealth.com) is a leading provider of innovative telehealth systems. Bosch's product spectrum ranges from patient terminals to comprehensive evaluation software allowing healthcare professionals to efficiently evaluate the data coming from the patient terminals and other connected devices. Bosch Telehealth strives to improve diagnosis and treatment through the support of systematic patient monitoring and involvement. The result is that health professionals are able to provide a higher quality of care for patients with chronic conditions, patients lead happier and healthier lives, and the cost of healthcare is reduced for funders. Robert Bosch Healthcare, Inc. is a fully-owned subsidiary of the Bosch Group.
In the U.S., Canada and Mexico, the Bosch Group (boschusa.com) manufactures and markets automotive original equipment and aftermarket products, industrial drives and control technology, power tools, security and communication systems, packaging technology, thermotechnology, household appliances, solar energy, healthcare and software innovations. Having established a regional presence in 1906, Bosch employs over 22,000 associates in more than 100 locations, with reported sales of $8.8 billion in fiscal 2010.
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 285,000 associates generated sales of 47.3 billion euros ($62.7 billion) in fiscal 2010. For 2011, the company forecasts sales of more than 50 billion euros ($70 billion) and a headcount of 300,000 by the end of the year. The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent 3.8 billion euros (approximately $5 billion) for research and development in 2010, and applied for over 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial. Bosch is celebrating its 125th anniversary in 2011. Additional information can be accessed at bosch.com, bosch-press.com, and 125.bosch.com/.
About Frost & Sullivan
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