As the healthcare environment continues to emphasize cost-containment, manufacturers that can present market cost-benefit studies will be able to demonstrate that their devices can improve the quality of life for patients, create shorter recovery times, and reduce hospitals' costs. As a result, these businesses will gain a competitive edge with end-users and a greater share of the marketplace.

This Frost & Sullivan report provides an in-depth look at the major European integrated hospital patient monitoring markets including: portable bedside monitors, low-end patient monitoring systems, high-end based multi-parameter monitors, telemetry monitor systems and stand-alone patient monitors. This research provides detailed revenue and unit forecasts for eight European regions and is an excellent resource for companies to take advantage of key market opportunities.

Consolidation Beneficial for All Companies

Consolidation within the industry is expected to boost revenues and benefit all types of companies. The large, multinational companies' acquisition of smaller businesses gives them access to cutting-edge products and a dominant presence in niche markets. "The creation of joint ventures and co-marketing agreements provides the principle partners a gain of market share in niche markets and the acquisition of proprietary technologies," states the author. "The smaller partner gains additional geographic coverage as a result of extensive marketing and distribution networks established by the principle partner."

New Opportunities in Niche Markets for Portable Monitoring Equipment The introduction of smaller, more portable monitoring devices is creating opportunities for growth in the emerging alternative site patient monitoring segments. "The emergence of the telemedicine sector and the introduction of compact, portable, hand-held monitoring devices are cheaper and becoming increasingly popular with healthcare professionals and patients alike," states the author. "This portability gives patients more freedom of movement and allows them to return home whilst being constantly monitored."

Manufacturers that can improve on the capabilities of these devices, and reduce overall cost, can achieve a substantial market share in non-hospital settings.

The European integrated hospital patient monitoring market is continually evolving. By utilizing the information provided in this analysis, companies, will have the resources to move ahead of the competition, not follow it.

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