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Lower Acuity Segment Ensuring Growth in the Mature North American Multiparameter Monitoring Equipment Markets - Low-acuity settings have remained at a peak position of the North American multiparameter monitoring equipment market, spurring unit growth by adding new monitors to this highly replacement-driven market
Lower Acuity Segment Ensuring Growth in the Mature North American Multiparameter Monitoring Equipment Markets

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2008/02/27 - Low-acuity settings have remained at a peak position of the North American multiparameter monitoring equipment market, spurring unit growth by adding new monitors to this highly replacement-driven market.

   
 
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Furthermore, longstanding market trends will likely restrict overall growth, keeping rates from reaching a double-digit figure.

New analysis from Frost & Sullivan (patientmonitoring.frost.com), North American Multiparameter Monitoring Equipment Markets, finds that the market earned revenues of $0.97 billion in 2007 and estimates this to reach $1.16 billion in 2014.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the North American multiparameter monitoring equipment markets, then send an email to Melina Trevino, Corporate Communications, at mtrevino_pr[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

"The multiparameter monitoring market is a very mature space suffering from intense market competition and general price erosion," notes Frost & Sullivan Research Analyst Zachary Bujnoch. "Nevertheless, several key growth trends continue to counteract these long-term negative factors, leading to definitive positive growth."

Among them, the growing focus on improving patient safety in general wards and other lower acuity settings such as step-down wards has led to a considerable increase in the use of advanced patient monitoring in lower acuity settings. Recognizing this, manufacturers have shifted their focus on this market, even to the extent of developing a product exclusively for this setting. On the other hand, higher acuity monitoring areas will bounce back after a couple of years, as advances in software and IT integration give hospitals good reasons to upgrade or replace their aging monitors.

However, since the number of hospital beds decreased in the United States, organic growth greatly restricts this market. With this having such an intense dampening effect on the monitoring space, places for traditional bedside monitors continue to decline.

"As hospital beds continue to decline, the monitors those beds would have housed are on the decline as well," says Bujnoch. "Unit replacement will be affected as a result, forcing manufacturers to find new ways to sublimate or replace established revenue streams."

Despite the decline in the number of beds, monitoring needs remain as intense as ever. Non-traditional monitoring areas such as transport monitoring and lower acuity environments such as step-down wards have experienced large growth, giving companies ample opportunities to make up lost ground from declining hospital beds.

North American Multiparameter Monitoring Equipment Markets is part of the Patient Monitoring Growth Partnership Service program, which also includes research in the following markets: ECG Cardiac Products, External Defibrillators, and Pulse Oximetry. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting, and Career Best Practices empower clients to create a growth focused culture that generates, evaluates, and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 30 offices on six continents.

North American Multiparameter Monitoring Equipment Markets
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Lower Acuity Segment Ensuring Growth in the Mature North American Multiparameter Monitoring Equipment Markets

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Frost & Sullivan |
Publisher Contact: Melina Trevino 
210.247.2440 melina.trevino[.]frost.com
 
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