Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Multiparameter Patient Monitoring Systems Market Size, Share & Trends Analysis Report by Device Type (Fixed, Portable), by Activity Level (High, Medium, Low), by Age Group, by End-use, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global multiparameter patient monitoring system market size is expected to reach USD 18.0 Billion by 2030, registering a CAGR of during the forecast period.
Companies Mentioned
- Koninklijke Philips N.V.
- General Electric Company
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- Dragerwerk AG & Co. Kgaa
- Medtronic plc
- Smiths Medical
- Schiller
- Masimo Corporation
- Spacelabs Healthcare
- Skanray Technologies Pvt. Ltd
- Sternmed Gmbh
Increasing health concerns and the resultant requirement to constantly monitor the health parameters of patients, before and after surgery is creating demand for multiparameter patient monitoring systems.
The market growth is also supported by the increasing need for hospital transport, such as intra-hospital or out-of-the-hospital transport. For special examination & therapy, hospitals need intra-hospital transport, which calls for more continuous monitoring of vital signs including blood pressure, blood oxygen saturation by pulse oximetry, heart rate, and electrocardiography.
Healthcare providers are continually looking for innovative medical products to offer superior quality care, which is also expected to drive the market. Mobile solutions and data integration low-acuity monitoring are the significant trends that improve the cost efficiency of multiparameter patient monitoring solutions. Key players are introducing advanced patient monitoring products, such as integrated remote monitoring solutions with added features of greater connectivity through cloud technology and WiFi.
For instance, Radius-7 Pulse Co-Oximeters by Masimo Corp. got U.S. FDA approval in March 2020. It is a wearable patient monitor with flexible functionality of WiFi, Bluetooth, and alarms.
Multiparameter Patient Monitoring Systems Market Report Highlights
- Portable was the largest device type segment in 2021 accounting for 65.7% 2021 due to growing home healthcare and easy mobility across different departments within the hospital
- By acuity level, the high segment has accounted for the highest market share in 2021 due to the increasing prevalence of chronic diseases, such as CVDs, respiratory disorders, and other critical medical conditions, which need continuous monitoring
- By age group, the geriatric segment accounted for the largest segment in 2021 with a share of 53.8% 2021 due to the rapidly growing geriatric population that is susceptible to various chronic disorders, which require continuous patient monitoring
- By end-use, the hospital's segment has accounted for the highest market share in 2021 due to the increasing number of patients being admitted to hospitals due to chronic diseases, injuries, and other emergencies
- North American region contributed the largest share to the market in the year 2021 attributing to the availability of technologically advanced equipment and high-quality healthcare system
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 132 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $11.6 Billion |
| Forecasted Market Value (USD) by 2030 | $18 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Multiparameter Patient Monitoring Systems Market: Variables, Trends, & Scope
3.1 Market Segmentation and Scope
3.2 Market Driver Analysis
3.2.1 Increasing prevalence of chronic diseases such as chronic obstructive pulmonary disease, diabetes and cardiovascular diseases
3.2.2 Increase in demand for home care monitoring equipment
3.2.3 Rising demand for real-time and remote patient monitoring
3.3 Market Restraint Analysis
3.3.1 Lack of qualified staff
3.3.2 Data security concerns
3.4 Penetration & Growth Prospect Mapping
3.5 Porter's Five Forces Analysis
3.6 PESTEL Analysis
Chapter 4 Impact of COVID-19
4.1 Impact of COVID-19 on medical devices industry
4.2 Impact of COVID-19 on medical device supply chain
4.3 Aftermath of COVID-19 pandemic on multi-parameter monitoring devices market
4.4 Key steps taken by market players in identifying long-term solutions
4.5 Impact of COVID-19 pandemic on multiparameter patient monitoring market, by region:
4.5.1 North America
4.5.2 Europe
4.5.3 Asia Pacific
4.5.4 Latin America
4.5.5 Middle East & Africa
4.6 Gap Analysis
Chapter 5 Multiparameter Patient Monitoring Systems Market: Device Type Segment Analysis
5.1 Multiparameter Patient Monitoring Systems: Market Share Analysis, 2020 & 2028
5.2 Portable
5.2.1 Portable market, 2018 - 2030 (USD Million)
5.3 Fixed
5.3.1 Fixed market, 2018 - 2030 (USD Million)
Chapter 6 Multiparameter Patient Monitoring Systems Market: Acuity Level Segment Analysis
6.1 Multiparameter Patient Monitoring Systems: Market Share Analysis, 2020 & 2028
6.2 High Acuity Level
6.2.1 High acuity level market, 2018 - 2030 (USD Million)
6.3 Medium Acuity Level
6.3.1 Medium Acuity level market, 2018 - 2030 (USD Million)
6.4 Low Acuity Level
6.4.1 Low Acuity level market, 2018 - 2030 (USD Million)
Chapter 7 Multiparameter Patient Monitoring Systems Market: Age Group Segment Analysis
7.1 Multiparameter Patient Monitoring Systems: Market Share Analysis, 2020 & 2028
7.2 Pediatric
7.2.1 Pediatric market, 2018 - 2030 (USD Million)
7.3 Adult
7.3.1 Adult market 2018 - 2030 (USD Million)
7.4 Geriatric
7.4.1 Geriatric market, 2018 - 2030 (USD Million)
Chapter 8 Multiparameter Patient Monitoring Systems Market: End-use Segment Analysis
8.1 Multiparameter Patient Monitoring Systems: Market Share Analysis, 2020 & 2028
8.2 Hospitals
8.2.1 Hospitals market, 2018 - 2030 (USD Million)
8.3 Homecare
8.3.1 Homecare market, 2018 - 2030 (USD Million)
8.4 Ambulatory surgical centers
8.4.1 Ambulatory surgical centers market, 2018 - 2030 (USD Million)
8.5 Others
8.5.1 Others market, 2018 - 2030 (USD Million)
Chapter 9 Multiparameter Patient Monitoring Systems Market: Regional Analysis
Chapter 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/cmd8c5
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