U.S. Blood Pressure and Temperature Monitors Markets

Frost & Sullivan
March 1, 2001
SKU: MC463599
License type:
Countries covered: United States

U.S. Blood Pressure and Temperature Monitors Markets

 
Health Protection Measurements Drives Home Market Expansion

As the baby boomer generation reaches old age, this health conscious sector of the population is likely to invest in advanced medical devices to help monitor their health at home. With the prevention of heart disease at the forefront of many of their minds, baby boomers are expected to buy more and more technologically sophisticated blood pressure monitors. Increased demand for new devices will spur research and development efforts among manufacturers and multiply revenues.

This Frost & Sullivan report covers the total markets for blood pressure and temperature monitors as well as a full range of product subsegments, from sphygmomanometers to ambulatory blood pressure monitors and from mercury to infrared temperature monitors. The report identifies key drivers and restraints, analyzes demand trends, and provides expert forecasts. With such a comprehensive guide available, your company will be poised to maximize its market potential.

Environmental Regulations Foster Growth of High-Technology Alternatives

In 1998, the Environmental Protection Agency and the American Hospital Association agreed to eliminate the use of mercury in the healthcare industry by 2005. Phasing out mercury blood pressure and temperature monitors will impact revenues for their manufacturers, but new opportunities are on the horizon.

"The elimination of the mercury sphygmomanometers and thermometers will lead to an increase in the use of digital and aneroid sphygmoman-ometers and thermometers in professional markets such as hospitals, home health agencies, and emergency medical services," writes the author. Manufacturers that can meet these changing requirements of professional end-users will realize significant rewards and expand their industry presence.

Private-Label Products Intensify Competition

"The home market for the temperature monitors is highly price-sensitive," writes the author. As a result, less-expensive privately labeled temperature monitors are often selected by consumers over branded products. Private-label products from pharmacy chains, for example, will continue to force prices down throughout the industry.

One means market participants can overcome the price pressures of this competitive field is to offer additional or improved product features. Thermometers that measure temperatures more rapidly, accurately, and easily will be market winners. This report surveys the competitive landscape and offers effective strategic recommendations, helping you chart a course for success.



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