Addressing the need of quality Patient Monitoring in India Filed under: May 2011 Philips is the global leader

in patient monitoring and the path-breaker in converting patient monitors into full fledged clinical aiding tools

By Jitesh Mathur

Indian healthcare industry is coming of age. There is overall growth in healthcare industry and it is driving the growth in the patient monitoring segment, as well. From new green field projects to expansion in Intensive Care Units (ICUs) and smaller ICUs adding multi parameter patient monitoring, the market is growing at a fast pace. Patient monitors enable critical care in ICUs and anaesthesia areas of any hospital and the requirement is growing along with awareness and the improvement of healthcare infrastructure across India.

The patient monitoring market in India is divided in 3 tiers. Tier 1 being the top level has tertiary care and this segment uses high-end modular patient monitoring systems connected in networks. In patient monitoring market, trends are moving towards clinical decision support, improved connectivity and networking in tier 1.

The patient monitoring market in India is divided in 3 tiers. Tier 1 being the top level has tertiary care and this segment uses high-end modular patient monitoring systems connected in networks

In tier 2, the trend is clearly towards moving from basic monitoring to more advance monitoring with higher parameters and features. In tier 3, ICUs of 4-6 beds are being created in small hospitals, where critical care or anaesthesia care was absent before.

Overall, the patient monitoring market is moving towards clinical decision support. Clinical decision making is about getting the right information at the right place, and having clinical decision support (CDS) tools built into the patient monitors, which enable faster and better clinical decisions.

That is what is driving the markets needs toward more interpretative tools and information systems linked to patient monitoring.

The patient monitoring market is growing largely in the mid-end segment and the upcoming new ICUs are triggering this growth.

Philips is the global leader in patient monitoring and a dominant market leader in India. One of our strengths is that we have the largest portfolio of products, which includes high-end modular and flexible patient monitors to basic functionality monitors. Hence Philips patient monitors can be used in all clinical settings, in all kinds of hospitals, in any city across the country.

Technological advancements are a core of Philips patient monitoring and we have released more than 50 products internationally and in the Indian market in the last two years. The leading product innovations that Philips has introduced are MX800 patient monitor, IntelliVue X2, IntelliVue XDS, SRR Telemtery, MobileVue, CI Solutions like ICIP and PACS, 12 lead transmission, IntelliVue MP70, 50 and 30 for wireless ICU, SureSigns and G-Series value segment monitors, TC 30 and 50, TM Vue and Holter and Avalon FM, MobileVue Patient monitoring, Cable-less Patient sensors, Avalon wireless Fetal transducers, etc.

Philips is also the path-breaker in converting patient monitors into full fledged clinical aiding tools instead of just merely display patient data through the use of clinical decision support tools which improve the patient care and also help standardising the patient care procedures. These recently introduced solutions were well appreciated by over 500 customers, who visited our IntelliHospital show in Mumbai in April.

Our major installations include the best hospitals in India and small and medium size hospitals in tier 2 and 3 cities.

The India Patient Monitoring and Diagnostic Systems Market Assessment and Forecasts to 2015 report has been released. This report provides critical market data on the patient monitoring and diagnostics sector in India. It includes key market categories- such as wireless hospital ambulatory monitors, multiparameter patient monitors, remote monitoring systems, blood pressure monitors, micro-electromechanical systems, cardiovascular monitoring systems, sleep apnea diagnostic systems, hearing diagnostics and glucose monitoring devices.

The report also provides market size of products in value ($mn), volume (units) at each level of segmentation, average selling price ($) for each product type (last level of segmentation), and market shares (%) of companies at sector and category level. Philips Launches its First Patient Monitoring System in India

Targets a market share of 40 per cent by 2010 in the Indian patient monitoring equipment market

Royal Philips Electronics announced a series of new portable, compact patient monitors that provides a reliable, yet affordable means to observe and care for patients. Now available to healthcare providers in India, the new Philips SureSigns VM3 is the first Philips patient monitor designed for emerging markets like India. With a growing per capita income and adoption of new lifestyles, healthcare services in India are rapidly changing. In order to meet the increasing demand for quality care, people in urban areas have seen the construction of new, state-of-the-art hospitals and associated satellite facilities, while others are increasingly seeking care at smaller nursing homes and clinics. This has fueled the demand for healthcare equipment across segments and the growth of the Indian patient monitoring equipment market is estimated to reach $42 million in 2010. Philips plans to garner a market share of 40 per cent by 2010 through its diverse range of patient monitoring equipment.

The SureSigns VM3 leverages the high-quality platform of Philips' industry leading patient monitoring portfolio," said Anjan Bose, Senior Director and Business Head, India, Bangladesh, Sri Lanka and Nepal, Philips Healthcare India. "Combining advanced software and technology in a compact economical package, the VM3 is the perfect solution for caregivers across the wide variety of clinical environments we see here in India. This launch reaffirms our commitment to the Indian market, leveraging Philips' global expertise to introduce technologically-advanced offerings tailored to this market," he added. High-end patient monitors are out of reach for many small to mid-sized clinics, forcing doctors and nurses to apply treatment only based on visible symptoms. On occasions, this means they must wait for a patient's condition to deteriorate before changing treatment.

Philips is known globally for its cutting edge monitoring technology and the strong after sales support with back-up in India, have made us active users of SureSigns monitors. Further, the monitoring parameters of SureSigns closely relate to the clinical findings and that speaks highly for the algorithms devised and designed by Philips Healthcare," said Dr Chandrasekhar, Head of Department, Anesthesia, Osmania General Hospital, Hyderabad. With access to more affordable patient monitoring equipment, clinicians have the ability to observe a patient's vital signs and make more informed, timely decisions about patient care.

Built on a strong heritage and industry leadership in patient monitoring, the Philips SureSigns VM3 offers ECG, respiration and pulse oximetry in one user-friendly, compact monitor that helps provide quality care in almost any clinical setting. It offers vital signs measurement and monitoring in an easy-to-use system that can be used in various departments throughout the hospital, nursing homes, private practices and rural clinics, as well as ambulances and mobile facilities. Like all other Philips SureSigns products, the VM3 is easy to set up, learn, use, and support, with intuitive navigation and color displays that are bright and easy to read, even in low-light situations. In addition, Philips also launched the SureSigns Vital Signs Viewer (VSV) to complement their entire VM-series patient monitors. The VSV is an affordable, reliable and simple way to provide the benefits of central viewing and alarming without the complexity and expense of a traditional PC-based central station. With sales of Euro 27 billion in 2007, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, as well as lifestyle solutions for personal wellbeing. Philips is a leading supplier of patient monitoring equipment with 38 per cent market share in 2007 and having installations across India in leading hospitals as well as remote areas. Philips has introduced several new patient monitoring products in the last six months to further expand its presence in India. These include IntelliVue MP2, IntelliVue X2, IntelliVue MP5, SureSigns series and Avalon FM20 Fetal monitors.

India Patient Monitoring Investment Opportunities, Analysis and Forecasts to 2015 Global Markets Direct, Aug 2009, Pages: 96

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India Patient Monitoring Investment Opportunities, Analysis and Forecasts to 2015

Summary

This report is an essential source for in-depth information and data relating to India patient monitoring devices market. It also offers detailed and comprehensive coverage of market revenue, volume, distribution and company share information; and the latest news, financial deals and pipeline products information of each of the key sub-segments of the patient monitoring devices in India

Scope

- The report provides patient monitoring devices information broken down into detailed categories and segments in India. - The report covers market size and company share data for five market categories including microelectromechanical systems, multiparameter patient monitoring, non-invasive blood pressure monitors, remote patient monitoring and wireless and ambulatory monitoring. - Total revenues, products sold, end users, and average pricing. - Market shares of all the key competitors. - Key pipeline products that are set to shape the market, broken down by sector. - Information on the top medical equipment companies in the sector in the country covering business description, strategic analysis, and financial information. Key companies covered include Philips Medical Systems, GE Healthcare, OMRON HEALTHCARE Co., Ltd., Mindray Medical International Limited, Drager Medical AG & Co. KG, OSI systems, Hartmann Group.and Larsen & Toubro Limited Healthcare structure, regulatory environment, approval process, pricing trends and reimbursement. - Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.

- Key mergers and acquisitions, partnerships, private equity investments and IPOs. - Customer, hospitals and physicians data.

Reasons to buy

- Gain a strong understanding of the patient monitoring devices market in India. - Evaluate and compare the attractiveness of the market in the country. - Identify growth segments and opportunities in each industry sector within the country. - Evaluate the pipeline of key products that will change the sector, and identify threats and opportunities before the products are launched in the country. - Analyze the competitiveness of the market in the country and identify hotspots. - Develop strategies based on the latest product, brand, expansion and research and development news in the country. - Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market in the country. - Identify and analyze the strengths and weaknesses of the industry incumbents in the country.