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.
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|SOURCE Frost & Sullivan|
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