It has achieved this through the continuing consolidation with device manufacturer, LifeWatch Technologies Inc. (Instromedix) and LifeWatch Services Inc.
In the highly competitive and fragmented cardiac monitoring and diagnostic services market, consolidation is important to overall market success and new growth opportunities.
LifeWatch and Instromedix, both are subsidiaries of Card Guard AG, have actively pursued business development by combining offices into a new set up in Chicago.
"Companies in the service segment will do well to have device manufacturing facilities closely integrated with their service components to make internal processes more streamlined and efficient," says Frost & Sullivan Research Analyst Zachary Bujnoch. "LifeWatch scored by having an intimate level of integration with its device manufacturer, since the mature device market has been exceedingly competitive."
LifeWatch is focusing on the service segment for the overall company, as it is much larger than the product segment. With the market so fragmented, companies that can internally consolidate their resources gain an edge over those that cannot, thereby increasing their market penetration and customer loyalty.
"The move to the Chicago office will undoubtedly strengthen LifeWatch and Instromedix as they move to a new phase of growth, and it will also reinforce Lifewatch’s technological position in the market,," notes Bujnoch.
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LifeWatch Corp. (lifewatch.com), through its operating subsidiaries Lifewatch Services Inc. and LifeWatch Technologies, Inc. (Instromedix) is an independent provider of ambulatory cardiac monitoring services and a manufacturer and distributor of ambulatory cardiac and vital signs monitoring devices in the United States. Its current services are used by physicians primarily to monitor patients who are suspected of having heart rhythm disorders, or cardiac arrhythmias, and its products are used by itself and by others in connection with providing cardiac monitoring services. LifeWatch is a wholly owned subsidiary of Card Guard AG, a leading healthcare technology and solutions provider listed on the SWX Swiss Exchange (CARDG).
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