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Double-Digit Growth Expected for Hemodynamic and Neurological Patient Monitoring Markets Over the Next Five Years

Thursday, September 4, 2008 General News
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WALTHAM, Mass., Sept. 3 According to Millennium ResearchGroup's (MRG) US Markets for Critical Care Patient Monitoring 2008 report, thetrend towards minimally and noninvasive techniques in the hemodynamic andneurological segments of the market is on the rise. This trend, combined withdecreasing hospital costs, is expected to result in double-digit annual marketgrowth in these segments over the next five years.
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Critical care areas of hospitals can represent a substantial expense withhigh staff-to-patient ratios and frequent testing of patients required. Thedesire to contain hospital costs is a strong driver of the noninvasivehemodynamic monitoring market. Traditional methods of hemodynamic monitoringare extremely expensive, with catheter insertions performed only by skilledphysicians. Minimally invasive and noninvasive devices, however, are easier touse, and many can be placed by a nurse. This ease-of-use enables themonitoring of large patient volumes while containing staffing costs,contributing to the popularity of less invasive hemodynamic monitoringtechniques through 2013.
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"End-user feedback gathered for this report gave us plenty of insight intohow ICU nurses feel and are dealing with trends favoring less invasivemonitoring technologies and cost savings," says Sarah Leonard, Analyst at MRG."When asked what characteristics are most important in a patient monitor,critical care nurses agree that ease-of-use is the most important issue."

Substantial opportunities for growth also exist for neurological advancedmonitoring technologies due to their ability to indicate complications andpotential problems well in advance of cerebral swelling. Because advancedneurological monitoring can measure brain oxygenation, partial pressure ofcarbon dioxide, and metabolic waste products, clinicians can use advancedneurological monitoring to detect suboptimal neural function in the earlieststages. This allows physicians and nurses to manage a patient's neurologicalcondition while preventing more serious brain damage.

MRG's US Markets for Critical Care Patient Monitoring 2008 report includescoverage of industry competitors such as Edwards Lifesciences, GE Healthcare,Hospira, Integra LifeSciences, LiDCO, Philips Healthcare, Somanetics, andSpacelabs Healthcare.

About Hemodynamic and Neurological Monitoring

Hemodynamic monitoring is used in critical care units to continuouslymonitor patients who suffer from cardiovascular disease. Hospitals use data toimprove critical care patient management through early detection ofcomplications such as cardiogenic shock. Neurological monitoring is used incritical care units to ensure the maintenance of healthy brain tissue andprevent nervous system injury. It is carried out through the early detectionof complications in patients at high risk of brain damage due to severe headtrauma, cerebral aneurysms, and liver failure.

About Millennium Research Group

Millennium Research Group (www.MRG.net), a Decision Resources, Inc.company (www.DecisionResources.com), is the global authority on medicaltechnology market intelligence and the leading provider of strategicinformation to the health care sector. The company provides specializedindustry expertise through published reports, ongoing Marketrack(TM) projects,and customized solutions.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offersbest-in-class, high-value information and insights on important sectors of thehealth care industry. Clients rely on this analysis and data to make informeddecisions. Please visit Decision Resources, Inc. atwww.DecisionResourcesInc.com.All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders. For more information, contact: Amy Krohn Millennium Research
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