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Data Management Key to
Improved Decision Support Capability in Diagnostic Cardiac Monitoring Systems
Market
At present, the European
diagnostic cardiac monitoring systems market comprises slow growing traditional
segments and more advanced, technology focused segments. As the gap between the
two narrows, the instances of integration will is increasing.
Frost & Sullivan finds that the European Diagnostic Cardiac Monitoring Systems
Market earned revenues of $295.0 million in 2005 and estimates this to reach
$482.0 million in 2012.
"Integration of data into a common data pool, facilitated by information
systems, is having a significant impact on the design and development of new
products for medical monitoring," says Frost & Sullivan Industry Manager Aarati
Ajay. "Decision support capability has become a necessity for achieving market
acceptance."
Most available products now have enhanced features that support compatibility
with electronic medical records (EMRs). This trend indicates the move towards
bringing data from all points of the healthcare spectrum under one common
umbrella. This enables access to data at the stroke of a key, thereby improving
clinical decision support capability.
However, continued technological innovations will be critical to boosting market
growth in the major segments. Inadequate investments into product development
initiatives are a reality even as major segments such as resting ECG, stress
test and Holter systems are experiencing stagnation.
"Despite efforts to increase demand, several segments such as stress test
systems are experiencing sluggish expansion because growth in these segments is
based mainly on the replacement of existing equipment," comments Ms. Ajay.
"Unless there are technological breakthroughs that warrant the substitution of
all existing systems, slow growth is likely to persist."
To maximise on growth opportunities, vendors need to identify high growth areas
and effectively channelise their resources. In the area of diagnostic cardiology
systems, data management is essential and in order to establish a competitive
advantage, alliances need to be forged between device integrators and
information systems vendors.
For more details : you can send e-mail to Radhika Menon Theodore- Corporate
Communications at rmtheodore@frost.com
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