New Medical Device Market Outlook From Frost
Frost has released a new study titled US Medical Device Outlook. Their press release leads with what starts out like an expose on group purchasing organizations (GPOs).
“GPOs sign contracts — mostly long-term ones — with only a few medical device manufacturers, thereby blocking out the smaller companies and market entrants,” says Frost & Sullivan Research Analyst Vaishnavi Ananthanarayanan. “The larger GPOs partner with hospital chains, thus creating a monopolistic market over a large geographic area.”
Frost notes staff shortages as market trend drivers for medical device connectivity. Also noted are device vendors thin margins, an increase in vendor/customer R&D collaboration, and the importance (and challenges) of international markets.
