VANCOUVER, British Columbia,
May 25, 2017 /PRNewswire/
-- According to a new series of reports on the Australia market for patient monitoring
equipment by iData Research (www.idataresearch.com), some hospitals
in the region cannot afford high-cost monitoring platforms due to
budget constraints. Additionally, reimbursement cuts are resulting
in rapid average selling price declines. This lack of reimbursement
has resulted in low growth for many of the patient monitoring
market segments in Australia.
"In order to mitigate these market declines, the adoption of
less-invasive, more accessible, patient-centric monitoring devices
are helping alleviate pressure associated with budgetary
constraints across the care continuum," explains Kamran Zamanian, CEO at iData Research. "For
example, emphasis is being placed on patient comfort and mobility
across lower-acuity care settings, wherein gaps in monitoring are
further filled with wireless portable solutions."
Despite increasing unit sales, increased competitiveness within
the total patient monitoring market has had a negative impact on
market growth. The entry of low cost foreign competition has been
especially disruptive. However, the long-term prospects remain
positive as demand for quality patient monitoring solutions will
enable unit sales growth to outpace pricing pressure.
Philips Healthcare is the leading competitor in the Australian
patient monitoring market. The company competes in the
multi-parameter vital sign monitoring market, wireless telemetry,
pulse oximetry and fetal/neonatal monitoring markets. Their
IntelliVue™ and SureSigns™ product lines range from low to
high-acuity and have flexible product designs ranging from
extremely compact to portable bedside units.
GE Healthcare is the second leading competitor in the Australian
patient monitoring market. GE offers an extensive product line that
not only includes a range of low- to high-acuity monitoring
devices, but also telemetry devices and networking solutions. Their
product lines include the CARESCAPE™ B series and new B40™ patient
monitors which can feed into the CARESCAPE™ central stations and
mobile viewers to access patient information. Additional
competitors in the Australia
patient monitoring market include Dräger Medical, Medtronic,
Mindray, Nihon Kohden, Natus Medical, Compumedics, Welch Allyn,
Spacelabs Healthcare, Nonin and Smiths Medical among others.
For Further Information
More on the patient monitoring device market in Australia can be found in a series of reports
published by iData Research entitled the Australia Market Report
Suite for Patient Monitoring Equipment. The suite covers
reports on the following markets: multi-parameter vital signs
monitoring, wireless ambulatory telemetry monitoring, telehealth,
electromyogram monitoring, electroencephalogram monitoring, fetal
and neonatal monitoring, pulse oximetry and blood pressure
monitoring devices.
The iData report series on patient monitoring devices covers the
U.S., China, Australia, India, Japan,
South Korea and 15 countries in
Europe including Germany, France, the United
Kingdom (U.K.), Italy,
Spain, Benelux (Belgium, Netherlands and Luxemburg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. Reports provide a comprehensive
analysis including units sold, market value, forecasts, as well as
detailed competitive market shares and analysis of major players'
success strategies in each market and segment. To find out more
about patient monitoring device market data, register online or
email us at info@idataresearch.net for an Australia
Market Report Suite for Patient Monitoring Equipment brochure
and synopsis.
About iData Research
iData Research (www.idataresearch.com) is an international
market consulting research firm, dedicated to providing the best in
business intelligence for the medical device industry. Our research
empowers our clients by providing them with the necessary tools to
achieve their goals and do it right the first time. iData covers
research in: Ultrasound, X-Ray Imaging, Diagnostic Imaging,
Oncology, Ophthalmics, Vascular Access, Laparoscopy, Urology,
Gynecology, Endoscopy, Dental Operatory Equipment, Dental Material,
Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone
Graft Substitutes, Interventional Cardiology, Cardiac Surgery,
Cardiac Rhythm Management, Electrophysiology, Operating Room
Equipment, Surgical Microscopes, Robotics and Surgical Navigation,
Spinal Implants and VCF, Spinal MIS, Orthopedic Soft Tissue Repair
and Regeneration, Orthopedic Trauma, Large & Small Joints,
Anesthesiology, Wound Management, Orthopedics and more.
We have built a reputation and earned our clients' trust based
on consistent and uniquely intelligent research that allows our
customers to make confident decisions and impact their businesses.
A combination of market expertise and over a decade of experience
has resulted in a deep understanding of the medical device industry
that has inspired innovation and propelled our clients to success.
Contact Info
Marvin Cidamon
Marketing Coordinator
iData Research Inc.
604-266-6933 Ext. 205
marvinc@idataresearch.net
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SOURCE iData Research