Market Report Source

Overview

The worldwide multi-parameter patient monitoring market is estimated at approximately $2 billion. Although it is a price-competitive market, primarily driven by replacement sales, the home healthcare and remote monitoring markets will grow at an accelerated rate. There has been a high level of corporate consolidation in recent years, where acquisitions are expected to continue-particularly with smaller players possessing unique technologies having appeal to the larger companies. The development of smaller, portable and lower-cost monitors will continue as well. What’s more, interoperability, networking and connectivity to other devices and information systems will continue to grow in importance and prevalence. As such, an aging population will result in an increased demand for healthcare services in general, including monitoring devices. This TriMark Publications report reviews the design, manufacturing and marketing of patient monitors, focusing on multi-parameter patient monitors used in critical care, peri-operative (operating room, post-anesthesia care unit, ambulatory surgery centers), emergency room and transport. There are multitudes of single parameter monitors such as blood pressure monitors, glucose meters, stand-alone pulse oximeters, end tidal carbon dioxide monitors and so forth, that are not the focus of this report. The primary objective of this analysis is to provide information on the leading manufacturers of multi-parameter patient monitors along with an overview of their product offerings and to outline trends in the patient monitoring marketplace.

Table of Contents

1. Introduction
1.1 Executive Summary
1.2 Scope
1.3 Methodology

2. Technologies and Products
2.1 Product Introduction
2.2 Industry Trends
2.2.1 Price Pressures
2.2.2 Supplier Consolidation
2.2.3 Standards, Regulatory Bodies and Accreditation
2.2.4 Home Health Care Market
2.3 Product Trends and Technologies
2.3.1 Advanced Monitoring Parameters
2.3.2 Data Interfaces and Interoperability
2.3.3 Integrated Healthcare Enterprise
2.3.4 Telemonitoring
2.3.5 Ease of Use
2.3.6 Pulse Oximetry
2.3.7 Telemetry
2.3.8 Clinical Solutions

3. Company Overview and Product Offering by Manufacturer
3.1 Introduction
3.1.1 Market Shares
3.2 Analogic Corporation
3.2.1 Company Overview
3.2.2 Product Offering
3.3 B. Braun
3.3.1 Company Overview
3.3.2 Product Offering
3.4 BCI
3.5 CAS Medical Systems, Inc.
3.5.1 Company Overview
3.5.2 Product Offering
3.6 Colin Medical Instruments Corporation
3.6.1 Company Overview
3.6.2 Product Offering
3.7 Criticare Systems
3.7.1 Company Overview
3.7.2 Product Offering
3.8 Datascope
3.8.1 Company Overview
3.8.2 Product Offering
3.9 Datex-Ohmeda
3.9.1 Company Overview
3.9.2 Product Offering
3.10 Draeger Medical
3.10.1 Company Overview
3.10.2 Product Offering
3.11 Fukuda Denshi Group
3.11.1 Company Overview
3.11.2 Product Offering
3.12 GE Healthcare
3.12.1 Company Overview
3.12.2 Product Offering
3.13 Invivo/MDE
3.13.1 Company Overview
3.13.2 Product Offering
3.14 Lohmeier
3.15 Medical Data Electronics
3.16 Medrad
3.16.1 Company Overview
3.16.2 Product Offering
3.17 Mindray
3.17.1 Company Overview
3.17.2 Product Offering
3.18 Nihon Kohden
3.18.1 Company Overview
3.18.2 Product Offering
3.19 Philips Medical Systems
3.19.1 Company Overview
3.19.2 Product Offering
3.20 Schiller A.G.
3.20.1 Company Overview
3.20.2 Product Offering
3.21 Siemens Medical Solutions
3.22 Smiths Medical
3.22.1 Company Overview
3.22.2 Product Offering
3.23 Spacelabs Medical
3.23.1 Company Overview
3.23.2 Product Offering
3.24 Welch Allyn
3.24.1 Company Overview
3.24.2 Product Offering

4. Patient Monitoring Market
4.1 Market Overview
4.1.1 Projections
4.1.1.1 Patient Monitors
4.1.1.2 Oximeters
4.1.1.3 Portable Monitors
4.1.1.4 Neurological Monitors
4.1.1.5 Anesthesia Monitors
4.1.1.6 Telemetry Systems
4.1.1.7 Important Players in the Segment
4.1.1.8 Reimbursement Practices
4.2 U.S. Patient Monitoring Market
4.2.1 Trends Affecting the U.S. Patient Monitoring Equipment Industry
4.2.2 U.S. Market Drivers
4.2.3 U.S. Market Restraints
4.3 European Patient Monitoring Market
4.3.1 European Trends and Drivers
4.3.2 European Market Restraints
4.4 Asia/Pacific Patient Monitoring Market
4.4.1 China
4.4.2 Japan
4.4.3 India
4.4.4 Korea
4.5 Rest of World Patient Monitoring Market

5. Market Drivers
5.1 Aging Patient Population
5.2 Hunger and Obesity
5.3 Nursing Shortage
5.4 Shift From Hospital To Out-patient Care
5.5 Other Hospital-Based Drivers
5.6 Healthcare Rationing
5.7 Electronic Health Records
5.8 Reducing Medical Errors
5.9 Consumerism
5.10 Home Health Care / Remote Patient Monitoring

6. Strategic Corporate Developments

7. Company Profiles
7.1 CAS Medical Systems
7.1.1 Principal Products and Services
7.1.2 Blood Pressure Monitors and Blood Pressure Measurement Technology
7.1.3 Cardio-Respiratory Monitor
7.1.3.1 Event-Link® Monitoring System
7.1.3.2 Apnea Product Line
7.1.3.3 Neonatal Supplies
7.1.3.4 Klear-Trace Electrodes
7.1.4 Financial Information Relating to Sales
7.2 Colin Medical Instruments Corp.
7.3 Criticare Systems Inc.
7.3.1 Marketing and Sales
7.4 Datascope Corporation
7.4.1 Cardiac Assist/Monitoring Products
7.4.2 Interventional Products/Vascular Grafts
7.5 Datex-Ohmeda
7.6 Draeger Medical
7.7 Fukuda Denshi
7.8 Invivo/MDE
7.8.1 Magnetic Resonance Imaging
7.9 Medical Data Electronics
7.10 Mindray
7.11 Nihon Kohden
7.12 Philips Medical Systems
7.13 Siemens Medical Systems
7.14 Spacelabs Medical
7.15 Welch Allyn

Appendix 1. Group Purchasing Organizations

INDEX OF FIGURES

Figure 1: Worldwide Market Shares
Figure 2: U.S. Hospital Installed Base Market Shares, 2000
Figure 3: Criticare 2003 International Sales by Region
Figure 4: Philips Medical 2002 Sales by Region
Figure 5: Worldwide Market Segmentation – High, Mid and Low-End Products
Figure 6: Total Worldwide Patient Monitoring Market by Segment
Figure 7: Worldwide Markets Patient Monitors, Clinical Measurements, Clinical Information Systems and Networking 2002
Figure 8: U.S. Revenue Projections Through 2008
Figure 9: European Medical Technology Market by Country
Figure 10: Percent of Respondents Who Consider Hospital Competition to be Very or Vitally Important
Figure 11: Corporate Acquisition Timeline

INDEX OF TABLES

Table 1: Websites for Other Manufacturers
Table 2: Overall Global Patient Monitor Market, 1998-2003
Table 3: Overall Global Patient Monitor Market Projections, 1998-2009
Table 4: Selected Patient Monitoring System’s SAM – Growth Rate Analysis in the U.S.
Table 5: Estimated Market Share Analysis for Top Three Suppliers – Patient Monitoring Market Segments (SAM) in the U.S.
Table 6: Average Equipment Selling Price for each Market Segment in the U.S.
Table 7: Technology Synopsis for each Market Segment in the U.S.
Table 8: Commonly Monitored Parameters in the U.S.
Table 9: Oximeters – U.S. and International Sales
Table 10: Portable Monitors – U.S. and International Sales
Table 11: Neurological Monitors – U.S. and International Sales
Table 12: Anesthesia Monitor Markets
Table 13: U.S. Anesthesia Monitor Markets
Table 14: Telemetry Systems – U.S. and International
Table 15: Selected Patient Monitoring System’s SAM – Growth Rate Analysis in the U.S.
Table 16: Projected Sales and Growth of Oximetry SAM in the U.S.
Table 17: Projected Sales and Growth of Oximeter SAM in the U.S.
Table 18: Estimated ASP (Average Sales Price) for Oximetry SAM in the U.S.
Table 19: Projected Sales and Growth for Portable Monitor SAM in the U.S.
Table 20: Projected Sales and Growth of Patient Monitor SAM in the U.S.
Table 21: Estimated ASP (Average Sales Price) for Patient Monitor SAM in the U.S.
Table 22: Projected Sales and Growth for Neurological Monitor SAM in the U.S.
Table 23: Projected Sales and Growth for Neurological Monitor SAM in the U.S.
Table 24: Estimated ASP (Average Sales Price) for Neurological Monitor SAM in the U.S.
Table 25: Projected Sales and Growth of Anesthesia Monitor SAM in the U.S.
Table 26: Projected Sales and Growth of Anesthesia Monitor SAM in the U.S.
Table 27: Estimated ASP (Average Sales Price) for Anesthesia Monitor SAM in the U.S.
Table 28: Projected Sales and Growth of Telemetry System SAM in the U.S.
Table 29: Projected Sales and Growth of Telemetry System SAM in the U.S.
Table 30: Estimated Average Sales Price for Telemetry System SAM in the U.S.
Table 31: U.S. Market Definition – Instrumentation Only in 2003
Table 32: Oximeter SAM – U.S. in 2003
Table 33: Portable Monitor SAM – U.S. in 2003
Table 34: Neurological Monitor SAM – U.S. in 2003
Table 35: Anesthesia Monitor SAM – U.S. in 2003
Table 36: Telemetry SAM – U.S. in 2003
Table 37: Summary of Market Projections
Table 38: Population Dynamics in the U.S.
Table 39: Senior Citizen Use of Medical Services in the U.S.
Table 40: Impact of Aging Population on Patient Monitoring Demand in the U.S.
Table 41: Trends In Percent of Overweight and Obese Adults – Ages 20 Years and Above in the U.S.
Table 42: Nursing Staffing Levels Contribute to Incidents
Table 43: Increase in Number of Freestanding Surgery Centers
Table 44: Drivers for Remote Patient Monitoring
Table 45: Barriers to Remote Patient Monitoring
Table 46: Forecast for U.S. Remote Patient Monitoring Devices
Table 47: Philips Medical Systems Key Data 2001/02
Table 48: Worldwide Philips Medical Systems Key Data 2000/01
Table 49: Top Five Largest Group Purchasing Organizations by Purchasing Dollars
Table 50: Top Ten GPOs by Number of Hospital Members (Psychiatric and Rehabilitation Hospitals Included) by Total Number of Hospital Members