Australian Home Telehealth Monitoring Market to More than Triple in
Value by 2017
VANCOUVER, May 3 /CNW/ - According to a new report by iData Research (www.idataresearch.net), the leading global authority in medical device market research, the
Asia-Pacific patient monitoring market, including Japan, South Korea
and Australia, is expected to exceed $598 million by 2017. The
Australian home telehealth market experienced the greatest growth in
revenues of over 90% in 2010, followed by the Japanese wireless
ambulatory telemetry market. Growth is being fueled by efforts of
healthcare facilities to decrease costs and compensate for staff
shortages by using technology to increase patient mobility and
discharge patients sooner.
"As healthcare providers in Australia begin to recognize the benefits of
remote monitoring, the telehealth market will see strong growth through
2017," says Dr. Kamran Zamanian, CEO of iData. "In contrast, the South
Korean and Japanese telehealth markets were still developing in 2010
and 2011, due to constrained healthcare budgets and a lack of
awareness. However, the necessary infrastructure needed for telehealth
is now in place in these countries facilitating the uptake of remote
monitoring in the home environment."
The report states that wireless telemetry monitoring in the Asia-Pacific
region was primarily utilized in cardiac care-related areas in 2010.
However, expansion of telemetry to other hospital departments that
previously did not have monitoring, many of which are low-acuity
settings, is expected to drive growth in this market by 2017.
"As the wireless telemetry market grows in Asia, new competitors are
expected to enter, increasing competition and driving down the average
selling price," says Dr. Zamanian. "Currently, Nihon Kohden, GE
Healthcare and Philips Healthcare lead this market in Japan, South Korea and Australia respectively."
iData's Global 3-report series on the "Markets for Patient Monitoring
Devices 2011" covers the U.S., Europe and Asia-Pacific regions and
includes the latest data, market analyses and competitor profiles for
over 30 market segments.
For more information, register free on iData's website at:
About iData Research
iData Research (www.idataresearch.net/idata/discoveridata.php) is an international market research and consulting group focused on
providing market intelligence for medical device and pharmaceutical
companies. iData covers research in: patient monitoring, diabetes drugs
and devices, orthopedics, cardiovascular, dental, endoscopy and more.
SOURCE iData Research Inc.
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iData Research Inc.