ALTERNATE CARE RESPIRATORY MARKET TO GROW AT 13% RATE, NEAR $1 BILLION BY 2000.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- U.S. sales of respiratory therapy respiratory therapy Medical profession concerned with assisting the respiratory function of individuals who have severe lung disorders. Practices include suctioning to clear secretions from the airway, use of aerosol mists (sometimes medicated) or gases to ease breathing, products to the alternate care (non-hospital) market will more than double from $406 million in 1993 to $945 million by the year 2000, growing at a 13 percent compound annual rate, projects a new study just released by Frost & Sullivan. Continuous positive airway pressure continuous positive airway pressure n. Abbr. CPAP A technique of respiratory therapy for individuals breathing with or without mechanical assistance in which airway pressure is maintained above atmospheric pressure throughout the product revenues will expand from 14 percent of the market in 1993 to 25 percent by 2000 while currently dominant oxygen therapy equipment declines in share from 42 to 32 percent in the same period and nebulizers hold steady at 14 percent, forecasts the report, U.S. ALTERNATE CARE RESPIRATORY THERAPY MARKETS. Other segments include ventilators, pulse oximeter pulse oximeter n. A device, usually attached to the earlobe or fingertip, that measures the oxygen saturation of arterial blood. pulse oximetry n. products, apnea monitor apnea monitor Pediatrics An impedance-type device that monitors both the respiratory and heart rate of an infant, and sounds an alarm alerting care-givers of a possible need to perform CPR in the event of either apnea or a marked ↑ or ↓ in heart rate. products, end-tidal carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. products, pulmonary function equipment, peak flow meter peak flow meter n. A portable instrument that detects minute decreases in air flow and that is used by people with asthma to monitor small changes in breathing capacity. and metered dose inhaler inhaler /in·hal·er/ (in-hal´er) 1. an apparatus for administering vapor or volatilized medications by inhalation. 2. ventilator (2). in·hal·er n. spacer products. Growth will be driven by increasing respiratory illness Noun 1. respiratory illness - a disease affecting the respiratory system respiratory disease, respiratory disorder adult respiratory distress syndrome, ARDS, wet lung, white lung - acute lung injury characterized by coughing and rales; inflammation of the among an aging population along with cost-containment pressures and the related shifting of patients from hospitals to alternate care environments. Current anticipation of healthcare reform is intensifying increased demand for alternate care. The number of respiratory patients, especially older ones, being shifted from hospitals to alternate sites has offered an opportunity for manufacturers to expand their end-user base in this market. Products typically need to be targeted to the alternate care sector, which requires fewer features but demands greater ease of use. End-users in alternate care environments want smaller, easier-to- operate and more portable products. Alternate care market buyers also put special emphasis on integration and reliability. Often purchasers in these markets are more aware of product technical characteristics than hospital buyers. Price is more crucial than ever as a competitive factor, especially for less-specialized, high-volume, low-cost commodity products like disposable nebulizers and metered dose inhaler spacers. Some vendors have gained positive results from targeting their marketing efforts to very specific end-user segments such as ophthalmologists and veterinarians Veterinarians and veterinary surgeons (vets) are medical professionals who operate exclusively on animals. Well-known and notable veterinarians include:
Respiratory therapy manufacturers will increasingly form collaborations or joint ventures to broaden product lines and help increase brand recognition. Several oxygen concentrator An oxygen concentrator, also called an oxygen generator, is a device used to provide oxygen therapy to a patient at substantially higher concentrations than those of ambient air, used as an alternative to tanks of compressed oxygen. vendors, for example, think they will benefit from alliances with firms that make liquid oxygen systems, since home healthcare dealers would find it easier to deal with such joint purchases. The alternate care market studied includes all non-hospital- affiliated clinics, laboratories, nursing homes and skilled nursing facilities skilled nursing facility n. Abbr. SNF An establishment that houses chronically ill, usually elderly patients, and provides long-term nursing care, rehabilitation, and other services. , surgicenters, rehabilitation and other long- term facilities, hospices, freestanding ambulatory services and home care. Respiratory therapy devices sold to hospital markets are not included in this report but are instead analyzed in a separate Frost & Sullivan study. Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high-technology research reports. Report: 5023-54 Publication Date: 1994 Price: $2195 Total Alternate Care Respiratory Therapy Products Market: Revenue Forecasts (U.S.), 1990-20003-1 Total Alternate Care Respiratory Therapy Products Market: Revenue Forecasts (U.S.), 1990-2000gures Revenue RevenuesGrowth Rate Year ($ Million) (%) 1990 305.3 --- 1991 334.3 9.5 1992 366.9 9.8 1993 405.9 10.6 1994 452.2 11.4 1995 506.9 12.1 1996 572.2 12.9 1997 647.8 13.2 1998 734.2 13.3 1999 832.7 13.4 2000 945.2 13.5 Compound Annual Growth Rate (1993-2000): 12.8% Note: All figures are rounded. Source: Frost & Sullivan CONTACT: For further information please contact: Amy Arnell Kristina Menzefricke Nadge Keryhuel Mountain View London Paris (415) 961-9000 44 71 730 3438 33 1 4742 9127 (415) 961-5042(fax) 44 71 730 3343 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion