This Frost & Sullivan research service titled Key Trends in Patient Monitoring across Europe provides an insight into the pharmaceutical and biotech sectors and their strategies for new and innovative methods of drug delivery. In addition, the business strategy trends currently important in drug delivery relative to business development, licensing and lifecycle management are discussed. In this research service, Frost & Sullivan's expert analysts examine the following market segments: neurophysiologic monitoring, ECG monitoring, foetal monitoring, central station monitoring, multiparameter monitoring and respiratory monitoring.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
Neurophysiologic monitoring
ECG monitoring
Foetal monitoring
Central station monitoring
Multiparameter monitoring
Respiratory monitoring
Technologies
The following technologies are covered in this research:
Telemetry
Mercury sphygmomanometre
Aneroid sphygmomanometre
Digital sphygmomanometre
Ambulatory blood pressure monitors
Automatic blood pressure monitors
Vital signs monitoring systems
Market Overview
Customer Support: The Key to Success in the Replacement and Services-driven Patient Monitoring Market in Europe
Increasing awareness of patient monitoring systems among medical professionals, coupled with growing incidence of diseases, drives the patient monitoring systems market in Europe. Although the market, through its varying stages, has transformed from a volume sales to a replacement and services market, emphasis on customer support is expected to aid in the consistent growth across Europe.
In addition, increase in market penetration depends on a combination of intense research in emerging areas and strategic marketing. "Unique sales tactics and maintenance services with efficient execution are instrumental for success, "says the analyst of this research service. "Accordingly, increasing focus on product development and enhancing features in systems are vital for market growth." Participants will also have to concentrate on providing superior training and all-round support to enhance brand loyalty to retain customers.
ECG and Neurophysiologic Monitoring Systems Grow Rapidly Due to Higher Adoption Rate
The patient monitoring industry has been a fundamental part of the healthcare sector. However, the development of this industry has not been uniform on all fronts. "Certain segments like the electro cardiograph (ECG) and neurophysiologic monitoring systems in Europe have developed rapidly and continue to advance due to a higher adoption rate," notes the analyst. "This has resulted in unequal developments within a market segment, leading to one market progressing faster than the other."
Meanwhile, vendors in the patient monitoring industry are looking at branching out and widening their product portfolio and are keener on entering attractive segments such as ECG and neurophysiologic monitoring. However, the market is still brimming with promise and several opportunities exist to expand market holding and increase market penetration.
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