DUBAI, United Arab Emirates, November 10, 2022 (GLOBE NEWSWIRE) — The Global Multiparameter Patient Monitoring Market is projected to reach a value of US$6.1 billion in 2028, with demand growing at a moderate CAGR of 4.6% between 2022 and 2028. By the end of 2022, the target market will likely reach an estimated US$4.6 billion . Increasing awareness of the advantages of monitoring vital anatomical variables through multiparametric monitoring encourages their growth during the forecast period.
In recent years, the focus on health care has continued to increase around the world. The emergence of various novel viruses and infections has only amplified this focus in healthcare. As a result, this emphasis on healthcare has fueled an emerging demand for medical diagnostic equipment, medical monitoring devices, and other patient monitoring devices. This demand trend has fostered a growth environment for the target market.
Due to the ever-increasing need for better healthcare and medical services, from 2013 to 2021, the demand for multi-parameter patient monitors increased at a CAGR of 4.2%. Monitoring devices such as fetal monitors, 7-parameter patient monitors and other medical monitoring devices are anticipated to see an increase in demand during the evaluation period due to the increasing focus on patient monitoring around the world.
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In addition, the increasing incidence of chronic diseases throughout the world, the growing preference for home care settings, the advancement of innovations in vital signs monitoring technology, the increase in health care spending, the increase in the population geriatrics and the increased demand for patient monitoring in critical care settings are some of the main ones. aspects that are likely to positively influence the global sales of multi-parameter vital signs monitors during the forecast period.
“Increasing demand for enhanced medical services coupled with rising healthcare spending will drive the global multi-parameter patient monitoring market growth during the forecast period,” says an FMI analyst.
- The high costs associated with the equipment will hinder the growth of the market.
- The multi-parameter patient monitoring market in North America will dominate the international market space.
- Europe is likely to make significant contributions to the global sales of the target market.
- Desktop multi-parameter patient monitors represent 57.4% of the total share.
- The portable multi-parameter patient monitor segment holds about 42.6% of the global share.
Koninklijke Philips NV, GE Healthcare, Drägerwerk AG & Co. KGaA, Medtronic plc, OSI Systems Inc., Nihon Kohden Corporation, MASIMO, Contec Medical Systems Co. Ltd., General Meditech Inc., Mindray Medical International Limited and Schiller AG, among others. others. others are some of the major players in the multi-parameter patient monitoring market that are profiled in the full version of the report.
Major market players are investing in research and development activities to launch innovative equipment with advanced technology. These companies are adopting strategic mergers and collaborations to strengthen their position in the market.
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Key segments of the multi-parameter patient monitoring industry survey
Multiparameter Patient Monitoring Market by Acuity Level:
- High acuity multiparameter patient monitoring
- Medium acuity level multiparameter patient monitoring
- Low acuity multiparameter patient monitoring
Multiparameter Patient Monitoring Market by Modality:
- Handheld/Portable Multiparameter Monitors
- Desktop multi-parameter monitors
Multiparameter Patient Monitoring Market by End User:
- Multi-parameter patient monitoring in hospitals
- Multiparameter monitoring of patients in ambulatory surgical centers
- Multiparameter patient monitoring in specialized clinics
- Multi-parameter patient monitoring in home care settings
Multiparameter Patient Monitoring Market By Region:
- North America Multi-Parameter Patient Monitoring Market
- Latin American Multi-Parameter Patient Monitoring Market
- European market for multi-parameter patient monitoring
- East Asia Multi-Parameter Patient Monitoring Market
- South Asia-Pacific Multi-Parameter Patient Monitoring Market
- Middle East and Africa (MEA) Multiparameter Patient Monitoring Market
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More information about the market report of Multiparameter Patient Monitoring
In its latest report, FMI offers an unbiased analysis of the global multi-parameter patient monitoring market, providing historical data from 2013 to 2021 and forecast statistics for 2022 to 2028. To understand the potential, growth and scope of the global market, the market is segmented according to acuity level (high acuity level, medium acuity level, low acuity level), modality (handheld/portable multiparameter monitors, tabletop multiparameter monitors), end user (hospitals, ambulatory surgical centers, clinics specialized, home care settings) and region.
According to the latest FMI reports, based on segmentation, the tabletop multi-parameter patient monitoring segment will continue to make significant contributions to the market as a whole. This segment will account for 57.4% of the global market share due to its extensive use in hospital settings. However, the portable multi-parameter patient monitoring segment will see higher demand than the desktop segment due to its growing popularity in various end-use environments.
Depending on the region, the North American multi-parameter patient monitoring market will see substantial growth over the projection period. The target market in this region will take the lead in the international market due to the strong presence of major key players, high healthcare spending and increased research and development activities. The US will greatly contribute to this growth due to the increasing availability of numerous patient monitoring devices and the increasing frequency of product launches by manufacturers in the target market during the forecast period. Apart from the US, India is expected to demonstrate notable growth in the multi-parameter patient monitoring market during 2022-2028.
Table of Contents
1. Executive Summary
1.1. World Market Outlook
1.2. market trends
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key success factors
3.1. Regulatory Scenario
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