HomeConsult Details

Client Consult Problem Statement:

MnM’s client was a startup company with an innovative remote monitoring device and interested in possible business opportunities for its new product in the U.S. cardiac remote monitoring market. Client wanted a deep-dive analysis and estimation of the market size, by products (Stress testing devices, holter monitors, event monitors, and mobile cardiac telemetry devices), by type of customer/ end-user segment (remote monitoring centers, hospitals, long term care centers, home care service providers amongst others), and by type of leads (3-6 lead, 12-15 leads)

Client was also sought for information about reimbursement and regulatory scenario, competitive products (existing and pipeline), market share, and potential customers in the U.S. cardiac remote monitoring market.

Solution Provided:

  1. Methodology Adopted by MnM : MnM analyzed complete UK Medical oxygen market by conducting primary interviews with industry professionals including the hospital management teams and through extensive secondary research which, gauged the current quantitative and qualitative data. Also, their opinion about the future potential along with certain statistical information from Government publications and upcoming projects in the country helped to project the market number for the years to come.
  2. Actual Solution Provided:
  • Market size with end users were estimated for Hospital and home care for Medical oxygen market
  • Inventory structure and the type of delivery model were understood to build strategies towards supply of cylinder oxygen and bulk oxygen
  • Market assessment for major players with market share for the companies in UK medical oxygen market was evaluated
  • Business insights to formulate optimum strategy to grab market opportunity in UK Medical Oxygen market

Value Delivered:

Through detailed outcome of the study, MnM’s client was able to establish a solid base for the company to begin its plan to enter into the UK Medical Oxygen market. It also provided a structured and coherent approach to generate new opportunities in home healthcare and hospital markets.

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