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Ageing Demographic Boosts Uptake of Wireless Patient Monitoring Devices Across Europe, Finds Frost & Sullivan
Date:12/1/2009

LONDON, Dec. 1 /PRNewswire/ -- Lucrative opportunities await manufacturers in the European wireless patient monitoring devices market, particularly in the wireless assisted living devices segment. This segment is growing at a rapid pace. The primary reason for this growth is rising awareness levels among an ageing population about devices that help in attaining a better standard of life. The elderly prefer to age at home - a trend supported by the medical community, which is keen on reducing costs associated with hospital stay.

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New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com), European Market for Wireless Patient Monitoring Devices, finds that the market earned revenues of $89.9 million in 2008 and estimates this to reach $176.9 million in 2015. The following market sectors are covered in the research: wireless assisted living devices, wireless vital signs measurement devices and portable personal health (wellness) devices.

"The most important market driver is the expanding number of elderly across Europe," notes Frost & Sullivan Research Analyst Akanksha Joshi. "This has been accompanied by increasing awareness about the need to provide a better standard of living to them."

The healthcare market in Europe is currently focused on reducing hospital costs. At the same time, there have been efforts to provide quick, real-time treatment to patients. This has resulted in the growing preference of the medical community for wireless patient monitoring devices.

"There exists considerable growth potential for wireless patient monitoring devices across the region," says Joshi. "Base
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SOURCE Frost & Sullivan
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