Please login or register to print this page.

Clinical Articles

Huge Growth Predictions For Patient Telemonitoring

The increased need for real-time data management and the improved receptiveness of a technology to monitor patients effectively are driving the markets for data management systems (DMSs) for patient monitoring in Europe.

The participants are looking for options that allow physicians to manage the massive data collected and help reduce errors caused by manual data handling.

New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com), Data Management Systems for Patient Monitoring Markets in Europe, finds that the markets earned revenues of $126.8 million in 2009 and estimates this to reach $161.4 million in 2013. The markets covered in this research service are electrocardiography (ECG), sleep and respiratory, neurological and anaesthesia monitoring.

“European healthcare systems are witnessing a surge in activities involving IT solutions, mainly due to the affordability and need to effectively manage large volumes of data,” notes Frost & Sullivan Research Analyst, CK  Somsainathan. “Most countries are highly receptive to such technology and are fully aware of its benefits, thereby rapidly driving the growth of these systems in Europe.”

The European patient monitoring markets are experiencing significant growth due to the rising number of patients availing healthcare services. Thus, DMSs used in patient monitoring are sufficient for real-time management of data, as they help in instantly charting a patient’s data. Similarly, the stimulus package provided to the healthcare sector in Europe is also fuelling the introduction of cost-effective IT solutions to ease workloads.

However, outdated technology in a few countries is limiting the usage of sophisticated DMSs.

“The inability to electronically document data, due to outdated systems and low levels of awareness are the major hurdles to the DMS market,” explains Somsainathan. “Outdated systems that are not compatible with the latest technological version of DMS are still prevalent across Europe, further hindering growth.”

Low end-user confidence in the successful implementation of such systems and pressure on data management solutions providers to provide swift delivery of systems are some of the other challenges faced by the market participants.

DMS participants should improvise on cost-effective solutions and enhanced open platform software that will help them penetrate the markets more effectively. Early adopters of technology such as Germany, the United Kingdom and France are prototypes for other conservative markets that are gradually adopting such technology. Superior software that will be compatible with old machines, coupled with awareness programmes to present the advantages of using these systems, will help the market participants in promoting their sales.

“Simplified solutions, open platform software and the provision of training for staff on the usage of systems will facilitate the market participants to penetrate the market with ease,” concludes Somsainathan. “However, smaller companies vying for market space should switch to product differentiation techniques for exciting opportunities.”

Data Management Systems for Patient Monitoring Markets in Europe is part of the Patient Monitoring Growth Partnership Services programme, which also includes research in the following markets: Emerging Technologies in Cardiac Monitoring, European Markets for Multiparameter Mid-range Patient Monitors, Patient Monitoring – Business in Saturated Markets, and European Market for Anaesthesia Equipment and Associated Airway Management Devices. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

If you are interested in more information on Frost & Sullivan’s latest research on Data Management Systems for Patient Monitoring Markets in Europe, please send an e-mail to Katja Feick, Corporate Communications, at katja.feick@frost.com.

Published on: July 30, 2010

Members Area

Log in or Register now.

SEARCH THE SITE

RSS FEED

Subscribe to our RSS feed
home

GET EXCLUSIVE UPDATES

Sign up for our regular email newsletters & be the first to know about fresh articles and site updates.

RECENT COMMENTS

    None Found

ENDORSED BY

  • ArrhythmiaAlliance
  • Stars
  • Anticoagulation Europe
  • Atrial Fibrillation Association
 

You are not logged in

You need to be a member to print this page.
Sign up for free membership, or log in.

You are not logged in

You need to be a member to download PDF's.
Sign up for free membership, or log in.