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Overcoming restraining factors such as price, the use of blood gas analysers and monitors is increasing across Europe's hospitals. The ability to deliver vital parameters instantaneously has driven the market, while creating extremely lucrative growth opportunities.
Frost & Sullivan (http://www.patientmonitoring.frost.com) finds that the European Blood Gas Analysers and Monitors Market will earn revenues of $360.5 million in 2006 and estimates this to reach $470.0 million in 2013.
"The growing need for immediate bedside results, coupled with the rising patient population, has led to the enhanced penetration of blood gas monitors and analysers," says Frost & Sullivan Research Analyst C.R.Hema Varshika. "Laboratory tests that used to take around 30 minutes for the result to be obtained are now a thing of the past; currently manufactured point of care devices yield immediate answers."
Regulatory problems and competition from local participants constitute the main challenges in the market. Each country has a distinct system of purchasing equipment and this disparity can only be overcome once countries adopt uniform laws. At the same time, high levels of brand consciousness among hospitals and intense competition from local participants will deter prospective market entrants.
"Increased penetration in this mature market can be achieved only through innovative products and effective marketing strategies," advises Ms. Varshika. "Proactive marketing of technologically advanced and user-friendly products will lead to a rise in market share."
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 Blood Gas Analysers and Monitors Market (M00B - 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.
The European Blood Gas Analysers and Monitors Market is part of the Patient Monitoring Subscription, which also includes research in the following markets: Remote Patient Monitoring and, Strategic Analysis of the European Neurological Monitoring Market. 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.
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 www.frost.com.
European Blood Gas Analysers and Monitors Market
M00B - 56
Shwetha Thomas, Corporate Communications - South Asia & Middle East, Frost & Sullivan, + 91 (022) 4001 3429 sthomas@frost.com
Radhika Menon Theodore, Corporate Communications - Europe, Frost & Sullivan, + 91 (044) 4204 4541 rmtheodore@frost.com
Source: Frost & Sullivan (Business Wire India)
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