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

n 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 subscriptio
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SOURCE Frost & Sullivan
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