Fetal and Neonatal Monitoring Market Analysis | South Korea | 2017-2023 | MedCore
- Year: 2017
- Scope: 2013-2023
- Region: South Korea
- Published Date: 5/1/2017
- Pages: 198
- Type: MedCore
General Report Contents Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends Market Drivers & Limiters for each chapter segment Competitive Analysis for each chapter segment Section on recent mergers & acquisitionsThe fetal and neonatal monitoring market includes fetal monitors for both antepartum and intrapartum monitoring, in addition to critical care monitors for premature infants. The neonatal monitoring market represented the majority of the total fetal and neonatal monitoring market. Neonatal monitoring is driven by the demand for high cost continuous critical care monitoring in any hospital with a maternity ward or neonatal intensive care unit (NICU). Fetal monitoring encompassed the remainder of the market and is driven by increased public awareness of technology for monitoring the development of a fetus. Over the forecast period the neonatal monitoring segment is expected to account for a growing percentage of the total market. This subtle shift may be attributed to a tendency for hospitals to invest in fetal monitors featuring improved, albeit more expensive, wireless connectivity options among other updated features. By 2023, however, the revenue mix will stabilize and only nominal fluctuations are expected in the long-term. Growth in these mature markets is generally minimal considering that equipment is usually purchased on a replacement basis. In recent years, however, hospitals have begun to purchase equipment that can be integrated with their hospital information systems in order to foster improved clinical workflow. Consequently, as hospitals continue to replace their monitors, they will instead opt for more advanced devices with updated features, such as wireless patient connectivity and device networking capabilities. This trend will help to stabilize the market for fetal and neonatal monitors over the forecast period.
Our reports follow an in-depth 9-step methodology which focuses on the following research systems:
- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.