Alternate Care the Fastest Growing in the Healthcare Industry.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--March 27, 1996--It is estimated that more than 26 million people in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. are affected with some form of chronic 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 , states a new study by Frost & Sullivan, U.S. ALTERNATE CARE 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, PRODUCT MARKETS. Many trends currently observed in this market are a result of the general direction of healthcare in the U.S. The driving force behind the entire healthcare industry in recent years has been cost-containment, and other methods of reducing costs. Mergers and acquisitions allow for manufacturers to reduce their overhead costs overhead costs see fixed costs. by cutting down on overhead expenses, including those spent on administration, sales and marketing. It allows for the creation of manufacturing synergies, and an expanded distribution network. A critical issue for the alternate care environment has been the changing healthcare structure, which generally takes the form of managed care. Managed care can be thought of as a cost-controlling health insurance plan. In order to control costs, managed care insurers determine the necessity of certain products and procedures, and reimburse only those considered medically necessary medically necessary Managed care adjective Referring to a covered service or treatment that is absolutely necessary to protect and enhance the health status of a Pt, and could adversely affect the Pt's condition if omitted, in accordance with accepted . To help accommodate the needs of the alternate care sector, manufacturers are customizing their products to this setting, rather than marketing the same products to hospitals and subacute facilities. In many cases, these products have a similar function, but the alternate care market most often requires products that are portable and easier to use than hospital products. "Alternate care is one of the fastest growing segments in all of healthcare," stated medical analyst, Vera Pesotchinsky. "The U.S. alternate care respiratory therapy products market is expected to exhibit consistent growth during the forecast period (1995-2000)." This growth will be prompted by several factors, which include the shift towards alternate care and the increased incidence of respiratory diseases. It is almost certain that the alternate care respiratory therapy products market in the United States will provide tremendous opportunities for manufacturers who continue to offer advantageous pricing and adapt to the ever-changing environment. Product segments highlighted in this report include ventilators, pulse oximeters, Apnea monitors, end-tidal CO2 monitors, nuebulizer products, pulmonary function testing Pulmonary Function Test Definition Pulmonary function tests are a group of procedures that measure the function of the lungs, revealing problems in the way a patient breathes. equipment, 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 devices and metered-dose inhaler metered-dose inhaler Pharmacology A device used to deliver a specified number of doses of a therapeutic inhalant–eg, β-agonist for asthma spacers. Frost & Sullivan is an international medical market research and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a headquartered in Mountain View. It produces a variety of strategic, worldwide industry and customer research reports. An executive summary of this report is available. -0- Report: 5414-57 Publication Date: March 1996 Price: $2,395 -0- For further information please contact or look us up on the world wide web at www.frost.com. CONTACT: Frost & Sullivan Kristin Jones, 415/961-9000 Kristina Menzefricke, 44 171 730 3438 Nadge Keryhuel, 33 1 4742 9127 |
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