Frost Radar™: Global Critical Care Patient Monitoring Market, 2020
Published on: 09-Jul-2020 | SKU: HC03309-GL-MR_24528

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The ICU is the most data-intensive part of the hospital, as continuous monitoring of patient health generates a huge volume of crucial data valuable for clinical decision making and future research. With digitalization, it is now easy and efficient to use analytics and connectivity solutions to analyze this data and draw insights for better care delivery. The shift from fee-for-service to value-based care has been responsible for further driving the adoption of monitoring solutions that not only improve health outcomes but also care quality. For example, solutions for reducing ICU stays and false alarms, preventive monitoring, better clinical decision support, and post-ICU patient engagement are set to see higher adoption. An analysis of the major shift in critical care patient monitoring (CCPM)—from stand-alone monitor to integrated solution offerings inclusive of data management, wireless monitoring, teleICU, and others—and more than 80 ecosystem players with diverse solution capabilities helped Frost & Sullivan identify 15 market leaders to be plotted on the first-ever Frost Radar™ for the CCPM market.

Strategic Imperative

Growth Environment

Frost Radar™:Critical Care Patient Monitoring Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Advanced ICU Care

AirStrip®

Ambient Clinical Analytics

Ascom

Capsule Technologies

Cerner

Dräger

Epic Systems

GE Healthcare

Hill-Rom

Masimo

Medtronic

Mindray

Nihon Kohden

Philips

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

The ICU is the most data-intensive part of the hospital, as continuous monitoring of patient health generates a huge volume of crucial data valuable for clinical decision making and future research. With digitalization, it is now easy and efficient to use analytics and connectivity solutions to analyze this data and draw insights for better care delivery. The shift from fee-for-service to value-based care has been responsible for further driving the adoption of monitoring solutions that not only improve health outcomes but also care quality. For example, solutions for reducing ICU stays and false alarms, preventive monitoring, better clinical decision support, and post-ICU patient engagement are set to see higher adoption. An analysis of the major shift in critical care patient monitoring (CCPM)—from stand-alone monitor to integrated solution offerings inclusive of data management, wireless monitoring, teleICU, and others—and more than 80 ecosystem players with diverse solution capabilities helped Frost & Sullivan identify 15 market leaders to be plotted on the first-ever Frost Radar™ for the CCPM market.
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Kaustubh Suresh Savant
Industries Healthcare
WIP Number K4AF-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9A47-B1,9A48-B1,9A4B-B1

Frost Radar™: Global Critical Care Patient Monitoring Market, 2020

HealthcareFrost Radar™: Global Critical Care Patient Monitoring Market, 2020

Benchmarking Future Growth Potential

RELEASE DATE
09-Jul-2020
REGION
North America
Deliverable Type
Frost Radar
Research Code: K4AF-01-00-00-00
SKU: HC03309-GL-MR_24528
AvailableYesPDF Download
$4,950.00
In stock
SKU
HC03309-GL-MR_24528