Demand from foreign markets and consumers who purchase products for at-home use will also continue to drive up revenue
LOS ANGELES, California (PRWEB) October 06, 2011
The Vital Signs Monitor Manufacturing industry has displayed healthy growth over the five years to 2011. The US economy’s deterioration and current struggles have had minimal effects on the performance of patient health monitor sales. While revenue growth slowed in 2009, during the recession, the industry has remained largely recession-proof. Over 2011, industry revenue is anticipated to grow an additional 6.4% to $5.8 billion, marking an average annual increase of 8.4% since 2006. Product innovation, strong domestic and foreign healthcare demand and research and development (R&D) efforts by producers have been the primary catalysts for this growth.
The industry manufactures a wide range of vital signs monitors (i.e. patient health monitors). These electronic medical devices measure a patient’s vital signs, such as their heart rate, blood pressure and respiratory rate, and display the data in waveforms. Examples of industry products include electromyograms, electroencephalograms, cerebral meters, fetal and neonate monitors, cardiac output monitors, blood pressure monitors and blood glucose monitors.
The industry’s products can be broken up into three groups: tabletop and wired monitors, wireless telemetry monitors and disposable sensors and other consumables. The wireless telemetry product segment has experienced rapid growth, as healthcare centers seek to streamline the movement of patient information. Further, home monitor use is growing, with sales of remote patient monitoring (RPM) technologies quickly increasing. The industry’s largest players, Philips and General Electric (GE), will likely continue to dominate the market over the period as they acquire smaller companies, limiting growth in the number of firms.
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This industry manufactures patient monitoring equipment. Examples of industry’s products include multi-parameter vital sign monitors, intra-cranial pressure monitors, electromyogram devices, electroencephalogram monitors, sleep apnea monitors, cerebral oximeter monitors, fetal and neonatal monitors, pulse oximeter monitors, cardiac output devices and blood pressure and glucose monitors. Manufacturers of remote patient monitoring systems are also included in this industry.
Vital Signs Monitor Manufacturing Industry Report Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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