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December 18, 2005
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First responder market sees a potential for growth in all technologies

Copyright 2005 Pharma Investments, Ventures & Law Weekly via LawRx.com via NewsRx.com and NewsRx.net


The first responder market is in the midst of a sea change in terms of adoption rates of new technologies that link legacy systems as well as implement next-generation solutions.

With public and private initiatives, the growth opportunity is enormous for new technologies in the first responder market.

Throughout the last decade, the first responder market has witnessed occasional implementation of new technologies. Post 9/11, a renewed focus has been given to interoperable communications and other technologies that sync agencies and hospitals, as well as increase the efficiency, productivity, and communications capabilities of the first responders.

Though accessibility can prove difficult at times, a thrust of federal, state, and local funding as well as organizational mandates are driving new growth in all types of technologies, from communications and monitoring devices to various other software and hardware systems.

"A wealth of software and hardware technologies and services is needed in the first responder market," said Frost & Sullivan Industry Analyst Steve Tobin. "For the first time in decades, public and private organizations are focusing their efforts in this area, providing tremendous growth opportunity for companies supplying the first responder market."

Typically, basic technologies have been implemented at the emergency medical services level. Traditionally, field emergency personnel utilize standard technologies during the regimented care of the patient, with paper reporting to the local and state agencies. However, a revolution is upon the first responders market, according to Frost & Sullivan. Next-generation field data collection software, wireless monitoring devices, telemedicine capabilities, and other solutions provide a glimpse into the new technology that is now entering what has been a traditionalist market.

Companies are scrambling to serve the first responder market. With high levels of funding and the idea that no single solution fits all needs, companies from all markets, such as software, communications, hardware, and services, are finding a plethora of revenue opportunity in the first responder environment.

"Companies seeking to profit in the first responders' market must bring technologies and services that enhance the complete workflow for the emergency personnel," explained Tobin. "Offering only a single-point solution will bring mild success.

"Vendors must capture the diverse and broad-based potential for revenue opportunities in the first responder market. From CAD [computer-aided diagnosis] systems to wireless applications, billions will be spent annually on the integration of legacy systems and the implementation of new productivity enhancing hardware, software, and services solutions.

"The leading companies in the first responder market will implement technologies and solutions that increase workflow efficiency, linking activities from the initial frontline patient care to the emergency department," concluded Tobin.

This article was prepared by Pharma Investments, Ventures & Law Weekly editors from staff and other reports. Copyright 2005, Pharma Investments, Ventures & Law Weekly via LawRx.com. 

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