The company's two wholly owned subsidiaries - LifeWatch, a provider of cardiac monitoring services, and Instromedix, a manufacturer of telecardiology products - solidify its presence in the United States. Each year, this Award is presented to a company that has demonstrated an exceptional growth strategy within its industry or market segment.
"Throughout 2005, Card Guard expanded successfully in accordance with its vision of becoming a global provider of remote health care monitoring services", stated Frost & Sullivan Research Analyst Namrata Sundaresan. "Through a series of strategic alliances, Card Guard has not only cemented its position in the United States patient monitoring market, but has also begun to set standards in the remote patient monitoring market."
In a recent strategic alliance with Humana Innovation Enterprises, Card Guard formed Sensei Inc., which will operate primarily as a wireless health and wellness distribution platform and will offer personalized guidance to consumers. Subscribers will receive customized nutrition and weight loss information, fitness notifications including medication reminders, and other health related contents through their cell phones and/or personal digital assistants (PDAs).
LifeWatch has also entered into a long-term agreement with Guidant to provide a range of monitoring services for cardiac patients that have been implanted with Guidant devices. Advances in remote monitoring are driven by the convergence of telehealth technologies with telecommunication, IT and the Internet. Such progress has aided the emergence of wireless medical devices that can be seamlessly integrated into telehealth programmes. Moreover, the evolution of the Internet has redefined the limits for remote patient monitoring.
Card Guard's launch of its PMP4 suite of wireless health care monitors in the United States furthers these industry trends. Card Guard not only widens its profile in patient monitoring, but also sets new standards in remote patient monitoring.
More than 30 million Americans are estimated to regularly seek health information on-line from more than 15.000 health care-related Web sites. According to Intellihealth, led by the demand for prescription drugs, consumer spending for on-line health products and services is expected to have grown from $1 million in 1999 to $800 million in 2004.
"The Internet is likely to play an increasingly important role in extending the reach of telehealth and telemedicine services to the average consumer", noted Namrata Sundaresan. "Card Guard has successfully incorporated these channels into its growth strategy and is consolidating its position in the market as a provider of remote health care monitoring."
Card Guard AG, headquartered in Neuhausen am Rheinfall, Switzerland, is a company for health care technologies and solutions, specializing in advanced telehealth systems and monitoring services for high-risk and chronically ill patients, including ordinary consumers of health products and those who are worried well. Card Guard has subsidiaries in the United States, The Netherlands, Japan, Brazil, the United Kingdom, Switzerland and in Israel. Among its subsidiaries, the company owns LifeWatch, a United States-based cardiac monitoring service provider, and Instromedix, a United States-based manufacturer of telecardiology products.