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Palo Alto, CA, United States, 2007/10/03 - New analysis from Frost & Sullivan, U.S. Neonatal Information Systems Market reveals that the market earned revenues of $7.7 million in 2006 and estimates this to reach $29.5 million in 2013.
The combined benefits of reduced errors in neonatal intensive care units (NICUs) and improved cost efficiencies is likely to drive the adoption rates of neonatal information systems (NIS) in the United States. This momentum is expected to be sustained by hospitals’ drive to patient outcomes and overall quality of care.
New analysis from Frost & Sullivan (healthcareIT.frost.com), U.S. Neonatal Information Systems Market reveals that the market earned revenues of $7.7 million in 2006 and estimates this to reach $29.5 million in 2013.
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"Hospitals have realized that patient safety and effective care in NICUs can only be achieved with a robust information system, and hence, have been investing in NIS," says Frost & Sullivan Research Analyst Neel S. Rajaraman. "This adoption of easy-to-use digital caregiver charting and documentation has significantly reduced data errors caused by late entries or omitted data in the NICUs."
However, market participants will have to iron out certain installation issues to ensure greater uptake of their systems. The typical installation of a stand-alone NIS takes three to ten months, while an enterprise-based NIS takes six to fifteen months. Such protracted installation periods can be debilitating to small hospital units such as NICUs.
Since long implementation periods strain the resources of the hospital, it could drive down the adoption rates of the systems. The NICU’s unique infrastructure-intensive environment and extreme methodical operations do not permit any scope for error.
"Manufacturers can reduce the deployment time by investing in technology to bridge the time gap between the actual implementation of the solution and the time required to interface and integrate the system with other existing systems," notes Rajaraman. "NIS companies could also strategize to make the best use of the installation time by developing training programs to acclimatize end users with this technology."
Such innovative strategies, along with increased awareness about possible solutions that enhance patient care in the NICU, are likely to go a long way in sustaining market momentum.
U.S. Neonatal Information Systems Market is part of Healthcare & Life Sciences IT Growth Partnership Service, which also includes research in the following market: U.S hospital information systems market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.
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