Navigation Links
Pulse Oximetry Entrenched as Standard-of-Care in Patient Monitoring, States Frost & Sullivan
Date:6/24/2009

LONDON, June 24 /PRNewswire/ -- Pulse oximetry is often referred to as the fifth vital sign. The significance of continuous oxygenation monitoring in hospitals and other critical care settings cannot be doubted. Pulse oximetry technology has undergone considerable change over the past couple of years and recent advances have made the process not only more reliable and safer but also more accurate. However, the pulse oximetry market faces the same challenges that are crippling the total patient monitoring market.

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

New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com), European Pulse Oximetry Market, finds that the market earned revenues of $150 million in 2008 and estimates this to reach $246 million in 2015. In this research, Frost & Sullivan's expert analysts thoroughly examine the stand-alone and hand-held devices product sectors for hospitals and alternate care units.

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.

"In the past decade, several long-term trends have emerged, which have driven the need for more advanced patient care in the intermediate and sub-acute areas of the hospital," notes Frost & Sullivan Senior Research Analyst Janani Narasimhan. "The rapid turnover of patients from critical care to sub-acute areas continues to spiral even as the demand for pulse oximetry monitoring in cardiac step-down units and other sub-acute care areas rises."

Today, pulse oximetry has become a standard of care in patient monitoring market. Almost every multiparameter patient monitor includes either an integrated or an attachable SpO2 module.

The presence of low-cost foreign medical device manufacturers could substantially drive down average prices in the pulse oximetry market. Stand-alone pulse oximeters are also sold as retail products directly to patients.

"Pulse oximetry may become first markets to experience faster price erosion because of the low-cost foreign medical device retail business," remarks Narasimhan. "For instance, the average price of a U.S. hand-held oximetry brand is about $400 to $800, while the retail price of hand-held pulse oximeters from Mindray, the leading Chinese patient monitoring manufacturer, is about $300."

Aging baby boomers are considered a major factor in the rapid move towards remote patient monitoring. Baby boomers are leading the charge of consumerism in healthcare. They are taking healthcare into their own hands and are helping transform its delivery in the future. By constantly 'being connected,' patients are becoming more involved in the decisions about their treatment and overall health management.

The most commonly monitored parameters in the remote patient monitoring setting include pulse oximetry. Some SpO2 monitors are available with internal memory and/or wireless data transmitters and can be used easily at home by patients without the help of a caregiver.

Low competition results in price erosion. However, it also makes it difficult for small and new manufacturers to compete actively in a highly consolidated market. Often, smaller companies cannot compete with established competitors in major markets such as critical care and are forced to compete in smaller markets. The lack of competition in the major markets may limit technological innovation and product growth. This situation is likely to hamper market prospects.

"Low replacement rates of hand-held and finger pulse oximetry units could magnify their restraining effect on the market," cautions Narasimhan. "The low average price and replacement rate of hand-held and finger pulse oximeters are expected to limit the expansion of the home monitoring market - a major growth area."

Currently, almost every multiparameter monitor includes an integrated monitoring channel. Growth in the multiparameter patient monitoring market, therefore, directly drives the pulse oximetry monitoring market.

Companies such as Mindray are gaining ground in Europe with low-priced products. The benefits of a low-cost product lies both in the potential room for downward price negotiation to gain market penetration as well as the increased profitability potential that exists based on current prices. Mass production of products could be a crucial element for low-cost products.

"Pulse oximetry is comparatively cheaper but, at the same time, a valuable measure of real-time health," states Narasimhan. "Hence, it has the potential to be utilised in wider areas and not just in hospitals and clinics; companies should focus on tapping new markets such as sleep diagnostics and tele health, among others."

European Pulse Oximetry Market is part of the Patient Monitoring Growth Partnership Service programme, which also includes research in the following markets: European Remote Patient Monitoring Market, European Market for non- Invasive Blood Pressure Monitors 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 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

European Pulse Oximetry Market

M2AA

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


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

Related medicine news :

1. Masimo Debuts New Rad-8(R) Pulse Oximeter to Largest Gathering of Sleep Specialists From Around the World at SLEEP 2009
2. Leading University Hospital Completes System-Wide Conversion to Masimo SET(R) Pulse Oximetry
3. Millennium Research Groups New Perception Pulse Product Offers Clients an Innovative New Customer Behavior and Loyalty Tracking Tool
4. Exciting Innovation in Burn Scar Treatment Using Lumenis(R) UltraPulse(R) Laser Treatments Revealed on the Today Show
5. Nonin Medicals GO2(TM) Personal Fingertip Pulse Oximeter Empowers Patients Worldwide
6. FEMA Adds Masimo Rad-57(R) Pulse CO-Oximeter(TM) to Required Medical Equipment List
7. Irelands PulseLearning Inks Agreement With Leading U.S. Insurance Industry Association
8. New Clinical Study Finds Masimo Rainbow SET(R) Pulse CO-Oximetry(TM) Accurate in the Noninvasive Monitoring of Fluid Status During Surgery
9. Lumenis(R) UltraPulse CO2 Laser to be Featured on National Television with Live Pearly Penile Papules (PPP) Procedure
10. Lumenis(R) UltraPulse CO2 Laser to be Featured on National Television with Live Pearly Penile Papule (PPP) Procedure
11. Three Healthcare GPOs to Offer Masimo Rainbow SET(R) Pulse CO-Oximetry(TM) to Their Members
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... ... DevOps and Agile Software Development, has been awarded a contract by the Center ... Purchase Agreement (BPA) aims to accelerate the enterprise use of Agile methodologies in ...
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and San Francisco ... using cutting-edge Oventus O2Vent technology. As many as 18 million Americans are estimated ... in breathing. Oral appliances can offer significant relief to about 75 percent of ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of Medical Informatics (ACMI) will ... during the Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual ... F. Collen, a pioneer in the field of medical informatics, this prestigious award is ...
(Date:10/12/2017)... ... ... HMP , a leader in healthcare events and education, today announced that ... ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie Awards luncheon ... editorial and design excellence across a range of sectors. This year’s program included the ...
(Date:10/12/2017)... ... ... Health Literacy Innovations (HLI), creator of the Health Literacy ... Patient Education Network (CPEN), an independent professional organization that shares best practices in ... , As CPEN’s strategic partner, HLI will help support CPEN members by sharing ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... 10, 2017   West Pharmaceutical Services, Inc. ... injectable drug administration, today shared the results of a ... improving the intradermal administration of polio vaccines. The study ... in May 2017 by Dr. Ondrej Mach , ... Health Organization (WHO), and recently published in the journal ...
(Date:10/4/2017)... Oct. 4, 2017 OBP Medical ... illuminating medical devices, today announced regulatory approval from ... Agency (or Agência Nacional de Vigilância Sanitária (ANVISA)) ... cordless surgical retractor with integrated LED light source ... illumination and exposure of a tissue pocket or ...
(Date:10/2/2017)... 2017 The Rebound mobile app is poised to ... the tide of prescription drug addiction. The app empowers users ... and stepping down their dosage in a safe, controlled manner ... 2017; the first 100,000 people to sign up will enjoy ... ...
Breaking Medicine Technology: