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

as 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 i
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SOURCE Frost & Sullivan
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