Kalorama: Room For New Entrants In Remote Patient Monitoring Market
NEW YORK, Jan. 12, 2015 /PRNewswire/ -- Innovators should be encouraged as a recent report from Kalorama Information says there is room for new companies in remote patient monitoring. Although the top twenty-five companies in remote patient monitoring systems have two-thirds of the share, the remainder is still over $9 billion. The finding was made in the company's report, Advanced Remote Patient Monitoring Systems, 7th Edition.
The complete report, a review of the industry and market sizing volume, is available from Kalorama Information at http://www.kaloramainformation.com/Advanced-Remote-Patient-8375301/.
The report says that four companies: St. Jude, Boston Scientific, Medtronic, Philips hold one third of the market. Another twenty one companies control another third and the remaining third consisting of hundreds of companies. Many of these are companies providing tele-health or telemedicine services which can connect the patient's home and the hospital or physician.
"That leaves a lot of room for small, innovative companies, regional companies, or companies that focus on a particular disease specialty," said Bruce Carlson. "Of course it also leaves room for large or mid-size device players to enter the market as well, and we expect both will happen."
Medtronic is the largest provider of advanced patient monitoring equipment, devices and technologies according to the report, with more than $3 billion in sales for the segment. Medtronic is a leader in the area of cardiac rhythm management with products such as implantable cardioverter defibrillators, diagnostic and monitoring devices, and patient management tools and services. The company also is active in devices and solutions to help patients manage their diabetes.
Smaller companies in the market include Hoana, based in Honolulu, HI, is a medical technology company focusing on bed and gurney technologies in patient monitoring. Waukesha, WI-based Criticare Systems concentrates on anesthesia, vital signs, and pulse oximetry. Compumedics of Victoria Australia specializes in sleep medicine and neurology. These are just a few of the hundreds of small competitors in this market.
Kalorama's Advanced Remote Patient Monitoring Systems, 7th Edition contains both the U.S. and global markets for advanced remote patient monitoring systems. It contains market share determinations, profiles companies and estimates market sizing for different types of systems and disease conditions monitored. The report can be found at: http://www.kaloramainformation.com/Advanced-Remote-Patient-8375301/.
About Kalorama Information -- Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.
Contact:
Bruce Carlson
(212) 807-2622
[email protected]
www.KaloramaInformation.com
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SOURCE Kalorama Information
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