U.S. Multiparameter Patient Monitoring Markets

SUMMARY

Alternate Care Segment to Boost Sales of Multiparameter Patient Monitors

Although the U.S. multiparameter patient monitoring market is relatively saturated, hospitals remain a significant revenue driver due to upgrades of existing devices and the purchase of high-end monitors for critical care units. Recently, the rise in the number of alternate care centers such as ambulatory and outpatient surgery centers that accommodate high-profit surgical procedures is also creating new growth opportunities for multiparameter patient monitors. Going forward, growing patient population, use of patient monitors for sedation procedures, and the increasing average price of monitors that cater to the alternate care segment are expected to sustain revenues in an already mature market.

This Frost & Sullivan research service examines the U.S. multiparameter patient monitoring market in the hospital and alternate care segments. It also discusses the various market trends and opportunities while providing in-depth analysis of market share, forecasts, drivers, restraints, and revenues. The study also offers strategic recommendations for targeting new growth opportunities and obtaining maximum return on investment.

Increasing Demand for Flexible Patient Monitoring Solutions

The rising demand for mobility and connectivity along with the need to provide portable patient monitoring in hospitals is giving rise to telemetry solutions, the implementation of clinical information systems (CIS), and the development of wireless transport monitors. In order to accommodate these technological demands, more healthcare facilities are prematurely upgrading their patient monitors and purchasing higher-end units.

"The rapid movement of patients from critical care to step-down units, as well as between care areas and diagnostic facilities, requires flexible and portable monitors," explains the analyst of this research service. "These monitors must provide the full array of monitoring parameters and also be capable of sending monitoring signals back to a central nursing station."

Low-acuity and Configured Patient Monitors Represent a Significant Growth Opportunity

"The growing size of the acute patient population in hospitals is straining the existing infrastructure in terms of staffing and monitoring equipment," observes the analyst. "In order to enhance patient safety and maintain liability protection, hospitals are increasingly turning to low-acuity monitors to provide constant monitoring of patient status."

The increasing demand for low-acuity monitors used for rapid diagnostics and low-risk treatment scenarios is expected to spur sales of configured monitors, which are likely to account for 60.7 percent of all multiparameter monitor unit shipments by 2011. While configured units encourage widespread implementation in both hospitals and alternate care facilities due to their affordability, high-priced modular units are also likely to be key contributors to market revenues.

TABLE OF CONTENTS

• 1. Executive Summary
  • 1. Introduction
    • 1. Executive Summary
• 2. Total Multiparameter Patient Monitoring Market
  • 1. Market Analysis
    • 1. Introduction & Market Discussion
    • 2. Emerging Trends
    • 3. Market Drivers
      • a. Staffing Shortages, Increasing Patient Population, and Shortened Acute Care Stays Increase the Reliance on Patient Monitors
      • b. Patient Safety Efforts Drive Growth in Multiparameter Monitor Sales
      • c. Increased Demand for Mobility and Connectivity are Driving Technological Developments and Market Growth
      • d. Growth in Ambulatory Care Centers Drives Sales
      • e. Top-down Federal Support of Clinical Information Systems Drives Sales
      • f. Lawsuits Drive Healthcare Facilities to Improve Patient Monitoring
    • 4. Market Restraints
      • a. Replacement Sales Cannibalize Sales of New Equipment
      • b. Early Stage of CIS Adoption Limits High-End Product Sales
      • c. Focused Marketing on Full CIS System Sales Decreases Growth in Box Sales
      • d. Lack of Uniform Training Across Nursing Staff Limits Implementation of Mobile Monitor Solutions
      • e. Growth in Telemetry Limits Implementation of Bedside Monitors
    • 5. Competitive Profile and Revenue Market Share
    • 6. Product Overview
    • 7. Market Challenges
    • 8. Strategies for Growth
  • 2. Market Engineering Forecast
    • 1. Market Engineering Measurements and Methodology
    • 2. Market Forecast and Methodology
    • 3. Forecast and Analysis by Market Segment
    • 4. Forecast and Analysis by Product Segment
• 3. U.S. Hospital Multi-Parameter Patient Monitoring Market
  • 1. Market Overview and Definitions
    • 1. Market Overview
    • 2. Competitive Structure and Revenue Market Share
    • 3. Market Engineering Forecast and Methodology
    • 4. Forecast and Analysis by Market Segment
    • 5. Forecast and Analysis by Product Type
  • 2. Critical Care Multi-Parameter Monitoring Market
    • 1. Market Overview and Definition
    • 2. Revenues and Unit Shipment Analysis
    • 3. Outlook for Growth in this Sector
  • 3. Operating Room Multi-Parameter Monitoring Market
    • 1. Market Overview and Definition
    • 2. Revenues and Unit Shipment Analysis
    • 3. Outlook for Growth in this Sector
  • 4. Post-Anesthesia Care Unit Monitoring Market
    • 1. Market Overview and Definition
    • 2. Revenues and Unit Shipment Analysis
    • 3. Outlook for Growth in this Sector
  • 5. Emergency Room Multi-Parameter Monitoring Market
    • 1. Market Overview and Definition
    • 2. Revenues and Unit Shipment Analysis
    • 3. Outlook for Growth in this Sector
  • 6. Other Acute Care Multi-Parameter Monitoring Market
    • 1. Market Overview and Definition
    • 2. Revenues and Unit Shipment Analysis
    • 3. Outlook for Growth in this Sector
• 4. U.S. Alternate Care Patient Monitoring Market
  • 1. Market Overview and Definitions
    • 1. Market Overview
    • 2. Competitive Structure and Revenue Market Share
    • 3. Market Engineering Forecast and Methodology
    • 4. Outlook for Growth in this Segment

List Of Figures

Chapter 2

• Multiparameter Patient Monitoring Market: Market Drivers Ranked in Order of Impact (U.S.), 2005-2011
• Multiparameter Patient Monitoring Market: Market Restraints Ranked in Order of Impact (U.S.), 2005-2011
• Multiparameter Patient Monitoring Market: Competitive Structure (U.S.), 2004
• Multiparameter Patient Monitoring Market: Company Market Share by Revenues (U.S.), 2004
• Multiparameter Patient Monitoring Market: Products Offered by Major Market Participants (U.S.), 2004
• Multiparameter Patient Monitoring Market: Impact of Top Industry Challenges (U.S.), 2005-2011
• Multiparameter Patient Monitoring Market: Strategic Recommendations (U.S.), 2005-2011
• Multiparameter Patient Monitoring Market: Revenue Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Market: Unit Shipment Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Market: Pricing Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Market: Percent of Revenues by Market Segment (U.S.), 2001-2011
• Multiparameter Patient Monitoring Market: Percent of Unit Shipments by Market Segment (U.S.), 2001-2011
• Multiparameter Patient Monitoring Market: Average Unit Price by Market Segment (U.S.), 2001-2011
• Multiparameter Patient Monitoring Market: Percent of Revenues by Product Segment (U.S.), 2001-2011
• Multiparameter Patient Monitoring Market: Percent of Unit Shipments by Product Segment (U.S.), 2001-2011
• Multiparameter Patient Monitoring Market: Average Unit Price by Product Segment (U.S.), 2001-2011

Chapter 3

• Hospital Multiparameter Patient Monitoring Market: Competitive Structure (U.S.), 2004
• Hospital Multiparameter Patient Monitoring Market: Company Market Share by Revenues (U.S.), 2004
• Hospital Multiparameter Patient Monitoring Market: Revenue Forecasts (U.S.), 2001-2011
• Hospital Multiparameter Patient Monitoring Market: Unit Shipment Forecasts (U.S.), 2001-2011
• Hospital Multiparameter Patient Monitoring Market: Pricing Forecasts (U.S.), 2001-2011
• Hospital Multiparameter Patient Monitoring Market: Percent of Revenues by Market Segment (U.S.), 2001-2011
• Hospital Multiparameter Patient Monitoring Market: Percent of Unit Shipments by Market Segment (U.S.), 2001-2011
• Hospital Multiparameter Patient Monitoring Market: Average Unit Price by Market Segment (U.S.), 2001-2011
• Hospital Multiparameter Patient Monitoring Market: Percent of Revenues by Device Type (U.S.), 2001-2011
• Multiparameter Patient Monitoring Critical Care Unit Market Segment: Revenue Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Critical Care Unit Market Segment: Unit Shipment Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Critical Care Unit Market Segment: Pricing Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Operating Room Market Segment: Revenue Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Operating Room Market Segment: Unit Shipment Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Operating Room Market Segment: Pricing Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Post-anesthesia Care Unit Market Segment: Revenue Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Post-anesthesia Care Unit Market Segment: Unit Shipment Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Post-anesthesia Care Unit Market Segment: Pricing Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Emergency Room Market Segment: Revenue Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Emergency Room Market Segment: Unit Shipment Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Emergency Room Market Segment: Pricing Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Other Hospital Market Segments: Revenue Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Other Hospital Market Segments: Unit Shipment Forecasts (U.S.), 2001-2011
• Multiparameter Patient Monitoring Other Hospital Market Segments: Pricing Forecasts (U.S.), 2001-2011

Chapter 4

• Alternate Care Patient Monitoring Market: Competitive Structure (U.S.), 2004
• Alternate Care Patient Monitoring Market: Company Market Share by Revenues (U.S.), 2004
• Alternate Care Patient Monitoring Market: Revenue Forecasts (U.S.), 2001-2011
• Alternate Care Patient Monitoring Market: Unit Shipment Forecasts (U.S.), 2001-2011
• Alternate Care Patient Monitoring Market: Pricing Forecasts (U.S.), 2001-2011