LONDON, August 1 /PRNewswire/ -- At present, the European diagnostic cardiac monitoring systems market comprises slow growing traditional segments and more advanced, technology focused segments. As the gap between the two narrows, the instances of integration will is increasing.
Frost & Sullivan (http://www.healthcare.frost.com) finds that the European Diagnostic Cardiac Monitoring Systems Market earned revenues of $295.0 million in 2005 and estimates this to reach $482.0 million in 2012.
“Integration of data into a common data pool, facilitated by information systems, is having a significant impact on the design and development of new products for medical monitoring,” says Frost & Sullivan Industry Manager Aarati Ajay. “Decision support capability has become a necessity for achieving market acceptance.”
Most available products now have enhanced features that support compatibility with electronic medical records (EMRs). This trend indicates the move towards bringing data from all points of the healthcare spectrum under one common umbrella. This enables access to data at the stroke of a key, thereby improving clinical decision support capability.
However, continued technological innovations will be critical to boosting market growth in the major segments. Inadequate investments into product development initiatives are a reality even as major segments such as resting ECG, stress test and Holter systems are experiencing stagnation.
“Despite efforts to increase demand, several segments such as stress test systems are experiencing sluggish expansion because growth in these segments is based mainly on the replacement of existing equipment,” comments Ms. Ajay. “Unless there are technological breakthroughs that warrant the substitution of all existing systems, slow growth is likely to persist.”
To maximise on growth opportunities, vendors need to identify high growth areas and effectively channelise their resources. In the area of diagnostic cardiology systems, data management is essential and in order to establish a competitive advantage, alliances need to be forged between device integrators and information systems vendors.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the European Diagnostic Cardiac Monitoring Systems Market (B948-56) then send an e-mail to Radhika Menon Theodore- Corporate Communications at rmtheodore@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.
European Diagnostic Cardiac Monitoring Systems Market is part of the Patient Monitoring Subscription, which also includes research in the following markets: European Market for Telemedicine and, European Market for Wireless Patient Monitoring. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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Contact: Radhika Menon Theodore Corporate Communications - Europe P: +91-44-42044541 F: +91-44-24314264 E: rmtheodore@frost.com Melina Trevino Corporate Communications - Americas P: +1-210-247-2440 F: +1-210-348-1003 E: melina.trevino@frost.com Surbhi Dedhia Corporate Communications - India P: +91-22-5001-3431 E: sdedhia@frost.com Jasminder Kaur Corporate Communications - Asia Pacific P: +65-68900937 E: jkaur@frost.com Sharmin Jassal Corporate Communications - Australia P: +61-2-8247-8900 F: +61-2-9252-8066 E: sjassal@frost.comwww.frost.com
Keywords in this release: European diagnostic cardiac monitoring systems market, Europe, market, diagnostic cardiac monitoring systems, cardiac monitoring systems, medical monitoring, data management, Holter systems, electronic medical records, EMR, stress test systems, clinician decision support capability, resting ECG, medical device integrators, healthcare information systems vendors
Frost & Sullivan
CONTACT: Contact: Radhika Menon Theodore, Corporate Communications -Europe, P: +91-44-42044541, F: +91-44-24314264, E: rmtheodore@frost.com.Melina Trevino, Corporate Communications - Americas, P: +1-210-247-2440, F:+1-210-348-1003, E: melina.trevino@frost.com. Surbhi Dedhia, CorporateCommunications - India, P: +91-22-5001-3431, E: sdedhia@frost.com.Jasminder Kaur, Corporate Communications - Asia Pacific, P: +65-68900937,E: jkaur@frost.com. Sharmin Jassal, Corporate Communications - Australia,P: +61-2-8247-8900, F: +61-2-9252-8066, E: sjassal@frost.com
