Analysis of Multi-parameter Patient Monitoring Market in Asia-Pacific
Each Frost & Sullivan research service follows a stringent methodology. Once a title has been identified, it is first subjected to a feasibility check to establish its potential impact and commercial viability. Once the go-ahead has been given, the lead analysts work in conjunction with their team to fully scope the project, basing segmentation on market issues that have been ascertained through primary research at the feasibility stage. Having established the initial study structure, the initial data collection commences. This prepares the analyst team for conducting primary interviews. Contact lists are drawn up, and interviews are arranged with known industry and end-user contacts, and internal Frost & Sullivan resources and databases are used to establish market straw models for subsequent validation. Once this step has been performed, there is sufficient information to design and validate the questionnaire that forms the basis of the primary interviews. The primary research is then conducted. Typically, a broad cross section of 20 to 30 (depending on the number of participants in the market) of the following designations are interviewed, including:
Heads of business development
Trade and industry associations
The multi-parameter patient monitoring market is growing at a healthy double-digit pace in Asia-Pacific, largely due to several macro indicators such as increasing healthcare expenditures and a growing number of private hospitals. There is an increasing trend in Southeast Asia towards the use of networked patient monitors using Wi-Fi and other networks. However, Japan and Australia have already been using these technologies. This research service includes devices such as high-, mid-, and low-acuity monitors. The methodology includes a combination of primary, secondary, and in-house research. The analysis includes market revenues, unit shipments, and pricing trends. The base year for the study is 2013 and forecasts are for 2014 to 2018.
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