Frost & Sullivan: Expanding Patient Population to Support Steady Growth in Multiparameter Patient Monitors Market in Western and Eastern Europe

Frost & Sullivan: Expanding Patient Population to Support Steady Growth in Multiparameter Patient Monitors Market in Western and Eastern Europe PR Newswire LONDON, June 15, 2012 - Significant Opportunities Exist for Easy-to-use, Patient-friendly Devices that Enable Rapid and Effective Diagnosis LONDON, June 15, 2012 /PRNewswire/ -- The multiparameter patient monitors market, both in Western and Eastern Europe, is at a stable growth stage. The pressing need for devices that aid effective diagnoses of cardiovascular diseases is a major factor fuelling market growth. An ageing population, along with unhealthy lifestyles, has boosted demand for multiparameter devices. However, growth in some regions is slow because it is largely a replacement market. New analysis from Frost & Sullivan (http://www.patientmonitoring.frost.com), Western and Eastern European Multiparameter Patient Monitors Market, finds that the market earned revenues of $488.6 million in 2010 and estimates this to reach $647.5 million in 2017. The research focuses on the multiparameter patient monitors used in application care settings such as critical care, perioperative care, emergency care, alternate care, transport care, non-critical care and MRI settings. "The most important driver in the market is the need for easy-to-use and patient-friendly devices that enable rapid and effective diagnoses of patients' vital parameters," notes Frost & Sullivan Senior Research Analyst Akanksha Joshi.