Navigation Links
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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

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. "Based on various research studies and available clinical data, the importance of providing rapid, real-time diagnoses is being realised due to the focus on home-based, wireless enabled patient monitoring devices."

However, reimbursement and public funding allotted for such treatment methods are not clearly defined. Moreover, the target population is unaware of the benefits of wireless assisted devices. There also exists a lack of proper organisational infrastructure in some Western European countries.

"In these turbulent economic times, price sensitivity in the wireless patient monitoring market is adversely affecting market growth," adds Joshi. "Reimbursement polices are not well understood by the target population, further limiting market prospects."

Collaboration with established local companies will help manufacturers provide efficient services while, at the same time, maintain profit margins. It is important for manufacturers to provide accurate and reliable devices in association with an effective service provider.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Katja Feick, Corporate Communications, at katja.feick@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

European Market for Wireless Patient Monitoring Devices is part of the Patient Monitoring Growth Partnership Services programme, which also includes research in the following markets: European Patient Monitoring Market Outlook - 2009, European Pulse Oximetery Market and, European Telemetry Equipment Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

European Market for Wireless Patient Monitoring Devices

M3EB



Contact:
Katja Feick
Corporate Communications - Europe
P: +49 (0) 69 7703343
E: katja.feick@frost.com
http://www.frost.com


SOURCE Frost & Sullivan


'/>"/>
SOURCE Frost & Sullivan
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Frost & Sullivan: Ageing Population and Availability of Preventative Medicines Propels Growth of European Eye Health Ingredients Market
2. Reportlinker Adds The Market for Anti-ageing Foods (2nd Edition)
3. Socio-demographic factors influence costs of back pain
4. UM study reveals demographic trend of the Jewish population in Broward County
5. Nuvilex, Inc. Launches Spring Break Initiatives Designed to Raise Visibility Among Key Demographic Group
6. New Poll Finds Most Americans Support Including Treatment for Drug and Alcohol Addiction in National Health Care Reform; All Demographics Report Personal Experience With the Disease
7. THE ORTHOPAEDIC INDUSTRY ANNUAL REPORT Highlights the Burgeoning Demographics of Orthopaedics and the Continuing Health of the Industry
8. 1 disease, not 1 demographic
9. New treatment boosts muscle function in myasthenia gravis
10. Heavy Drinking Boosts Stroke Risk for Chinese Men
11. Traffic Fumes Plus Genes Boosts Kids Asthma Risk
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/1/2020)... ... April 01, 2020 , ... Global mobile data platform provider Zerion Software announced ... new needs based on COVID-19. , As cases continue to rise across the world, ... Zerion will extend support by offering free basic iFormBuilder accounts and forms - including ...
(Date:3/30/2020)... ... March 30, 2020 , ... Achieve Medical Center now ... to provide comprehensive and compassionate mental health and wellness services in the midst ... platform for telemedicine services including initial consultations, evaluations, and follow-up care. It also ...
(Date:3/28/2020)... ... March 27, 2020 , ... Suntuity AirWorks ( https://suntuityairworks.com ), ... mobilizing their drone equipment and training personnel to help towns and cities combat ... Matrice and Agras drones, Suntuity AirWorks is mobilizing their drone equipment and services ...
(Date:3/28/2020)... VALLEY, N.Y. (PRWEB) , ... March 27, 2020 ... ... to protect workers and the public from the spread of the coronavirus. Operating ... Cuomo, crews are pressing forward with infrastructure renewal and environmental protection projects in ...
(Date:3/28/2020)... ... March 27, 2020 , ... Ahead ... this March’s edition of “The Fertility Journey.” This campaign will serve as a ... parenting, and maternal health options. , One in 6 couples experiences trouble ...
Breaking Medicine News(10 mins):
(Date:4/7/2020)... ... 07, 2020 , ... Ziegler, a specialty investment bank, is ... by Council Capital (Council). PHC is the leading provider of home-based primary care ... states. PHC will use this investment to fund its expansion as well as ...
(Date:4/7/2020)... ... April 07, 2020 , ... Today RED Company founder ... businesses looking to quickly source healthcare supplies . Due to her long-standing ... goods internationally and making them available to U.S. businesses in a seamless manner ...
(Date:4/5/2020)... , ... April 04, 2020 , ... ... from cancer patients now undergoing treatment. The company notes that new patient inquiries ... Coronavirus COVID-19 outbreak rose. , "Cancer patients feel safer with our telemedicine delivery," ...
Breaking Medicine Technology: