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7/31/05

Frost & Sullivan Analyst: Unwiring Healthcare in Europe: Unbound Growth

Frost & Sullivan Analyst Comment

Unwiring Healthcare in Europe: Unbound Growth

Medical equipment manufacturers rightly identified that any technology that would alleviate costs would be embraced almost immediately, by the budget strapped healthcare delivery systems in Europe. A technology wave that took the area of communications by storm seemed to have more than obvious benefits in the area of health care and culminating as wireless healthcare products. Critical care as per textbook definitions is an area equipped with advanced medical equipment in order to provide highly specialized medical care. The incumbents are patients who have clinical conditions that are life threatening or those who need constant care and monitoring. Critical care areas are emerging to be the most expensive areas in the hospital with a per day cost incurred to the tune of about $1500-$2500 per day. The need to free these areas and move patients to less expensive step down or intermediate care areas for patients who have come clear of the danger zone is what healthcare authorities are aiming to do. Growth opportunities are boundless for this area with ground breaking developments in wireless networking and mobile communications, patient monitoring could transgress the walls of the hospital and move into the more comfortable homecare zone and this would be the ideal situation for Europe in the future.

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