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Demand for Stricter Monitoring Protocols and Hospital Patient Acuity Ensure Growth of the U.S. Central Station Patient Monitoring Market

Posted on: Wednesday, 21 February 2007, 09:01 CST

PALO ALTO, Calif., Feb. 21 /PRNewswire/ -- The U.S. central station patient monitoring market has rapidly evolved in recent years through central stations' integration into hospital clinical information systems (CIS) and patient monitoring systems. Market growth is directly associated with the progressive adoption of bedside and telemetry monitors by healthcare facilities, as they attempt to sustain staffing strains. Patient monitoring manufacturers have begun developing close alliances with middleware application providers to offer suitable solutions as the demand for more comprehensive and error-reducing solutions grows in the U.S. healthcare market.

New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com/), U.S. Central Station Patient Monitoring Market, reveals that revenues in this market totaled $332 million in 2005, and expect to reach $412 million in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the U.S. Central Station Patient Monitoring Market, send an e-mail to Melina Trevino -- Corporate Communications at melina.trevino@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 e-mail upon receipt of the above information.

"Increasingly, central station patient monitoring is becoming more integrated and synchronized with the Hospital CIS and IT network," notes Frost & Sullivan Research Analyst Mike Arani. "This has helped drive the demand for more efficient middleware applications and generated opportunities for healthcare IT and software providers to play a larger role in this market."

Hospitals tend to upgrade systems to tighten patient monitoring by implementing more intelligent and responsive patient monitoring solutions. Therefore, upgrades and new system implementation will be the major areas of growth for the U.S. central station patient monitoring markets. Moreover, new bedside and telemetry monitors will require new central stations to link them together.

On the other hand, the complex return on investment for high-end solutions remains a significant market restraint, limiting demand. Although hospitals are reimbursed for tests, medical procedures, and hospital stays, the amount varies with the number of parameters monitored during the hospital stay.

"Whether the facility is equipped with the latest central monitoring features and CIS system or the traditional central stations does not affect the reimbursement amount," notes the analyst of this research service. "Coupled with the budget restraints effect, this challenge could noticeably dampen the central station market."

Patient monitoring vendors can minimize the effect of hospital budget limitations by maintaining competitive pricing for central station expansions and upgrades. Aside from the total initial implementation cost, the key is to offer solutions that promise long-term cost-effectiveness.

U.S. Central Station Patient Monitoring Market is part of the Patient Monitoring Subscription. It provides an overview of this market through estimates and forecasts of market revenues and pricing analysis, along with an in-depth discussion of market drivers, restraints, industry challenges, strategies, and trends that are impacting the U.S. central station patient monitoring market. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com/.

U.S. Central Station Patient Monitoring Market F508 Contact: Melina Trevino Corporate Communications - North America P: 210.247.2440 F: 210.348.1003 E: melina.trevino@frost.com Radhika Menon Theodore Corporate Communications - Europe P: +91 44 52044668 E: rmtheodore@frost.com Jasminder Kaur Corporate Communications - Asia Pacific P: 65.6890.0937 F: 65.6890.0988 E: jkaur@frost.com Shwetha Thomas Corporate Communications - South Asia, Middle East P: +91 22 4001 3429 F: +91 22 2832 4713 E: sthomas@frost.com Jorgelina Pecina Corporate Communications - Latin America P: 54-11 4777-9951 F: 54-11 4777-0071 E: jorgelina.pecina@frost.com http://www.frost.com/

Frost & Sullivan

CONTACT: Melina Trevino, Corporate Communications - North America,+1-210-247-2440, fax, +1-210-348-1003, melina.trevino@frost.com, or RadhikaMenon Theodore, Corporate Communications - Europe, +91 44 52044668,rmtheodore@frost.com, or Jasminder Kaur, Corporate Communications - AsiaPacific, +65.6890.0937, fax, +65.6890.0988, jkaur@frost.com, or ShwethaThomas, Corporate Communications - South Asia, Middle East, +91 22 4001 3429,fax, +91 22 2832 4713, sthomas@frost.com, or Jorgelina Pecina, CorporateCommunications - Latin America, +54-11 4777-9951, fax, +54-11 4777-0071,jorgelina.pecina@frost.com, all of Frost & Sullivan

Web site: http://www.frost.com/http://www.patientmonitoring.frost.com/

Source: PRNewswire

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