North American Capnography and Anesthesia Agent Monitoring Equipment MarketsFrost & SullivanOctober 4, 2007 122 Pages - SKU: MC1590722 |
| Countries covered: North America This Frost & Sullivan research service titled North American Capnography and Anesthesia Agent Monitoring Equipment Markets provides a comprehensive assessment by outlining revenues and shipment in different market segments, key market drivers and restraints, market trends, and competitive structure. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets: ambulatory care services, hospitals, nursing and residential care, and social assistance. This analysis is available through our Patient Monitoring Growth Partnership Service program. With this program, clients receive industry-leading market research such as this, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Councils. Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: By End User:
Regulatory Drivers Aid Uptake of Capnography Monitoring Equipment While their Absence Restrains Anesthesia Agent Monitoring Markets The implementation of favorable regulations by the American Society of Anesthesiologists (ASA) is expected to be a huge factor in the development of the capnography monitoring equipments market, which is expected to grow by more than 5 percent annually. These regulations necessitate continuous evaluation of the patient’s oxygenation, ventilation, circulation, and temperature, driving demand for capnography monitoring equipments. However, the absence of them in the anesthesia agent monitoring equipment market guidelines represents a restrain for its demand. The markets are witnessing higher adoption in new segments within and outside hospitals due to the increasing need for monitoring equipment. Although these devices were primarily used in operating rooms (ORs), other hospital segments such as emergency rooms, critical care units, post-anesthesia care units, recovery rooms, intensive care units, and labor and delivery rooms are beginning to use these devices as well. Companies need to increase their investment in research and development to expand the scope of their applications outside the hospital segment as well as provide smaller, more portable and accurate products. "Recent advances in pharmaceuticals, outpatient care, and home treatment are creating a growing industry in the alternate care market," says the analyst of this research service. "The capnography and anesthesia monitoring markets are likely to be keenly following developments such as a change in the composition of the alternate care segment." This market awareness is expected to help them plan the proper channeling of resources and determine possible areas for growth. Flexible Equipment Financing Answers Budget Limitation Issues, Facilitating Purchase of Products Budget limitations are increasingly driving hospitals and alternate care facilities to limit new device procurement and base purchase decisions on price. This situation is creating an opportunity for used equipment and low-cost manufacturers, eating into the profitability for new units. "In order to facilitate the purchase of their products, companies need to offer flexible equipment financing and maintenance options," notes the analyst. Flexible monitoring solutions are likely to be considered a wise and necessary investment. Offering reusable accessories with the possible leasing of equipment or pay per use are some of the options that manufacturers can consider. Other value-added services could include improved warranties and servicing plans. |
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