Global Multi-Parameter Patient Monitoring Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Multi-Parameter Patient Monitoring Systems Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global multi-parameter patient monitoring systems market has been segmented on the basis of device type, acuity, age group, end-use, as well as regions and countries.
Multi-parameter patient monitoring systems are devices that designed to measure, record, distribute, and display a vast amount of biometric information in detail such as, heart rate, blood pressure, SPO2, etc., required to understand or carefully assess to condition of a patient. These monitors facilitate a high-level of patient care, and are typically used in hospitals and other healthcare facilities.
The increasing adoption of smart wearables that are technologically advanced, a surging target population, as well as the high demand for real-time patient monitoring devices in critical care units are some of the factors that are expected to influence the revenue growth of the global multi-parameter patient monitoring systems market in the years to come. As they are an essential part of the treatment of a critically ill patient, these devices are highly sought after by medical facilities with in-patient wards and Intensive Care Unit’s (ICUs).
Single-use devices have increased flexibility and allows for a reduction in the amount of capital spent on regular hospital appointments. As such, there has been an increase in the demand for home-based medical treatments due to a booming geriatric population, leading to a surge in the use of portable devices, which is expected to result in increased revenue growth of the global multi-parameter patient monitoring systems market over the next 10 years.
Segmentation of the global multi-parameter patient monitoring systems market is as follows:
In terms of device type, the portable device segment accounted for the majority revenue share of the global market in 2019, and is expected to expand at the highest rate of revenue growth over the next 10 years.
On the basis of acuity, the high acuity level segment accounted for the highest number of revenue shares of the global market in 2019. However, the low acuity level segment is slated to index the fastest rate of revenue growth in the foreseeable future.
With respect to age group, the geriatric segment accounted for the majority revue shares of the global multi-parameter patient monitoring systems market. And, it is expected to expand further in the years to come.
Concerning end-use, the hospitals segment accounted for the highest number of revenue shares of the global market in 2019, due to the increasing number of individuals being admitted as a result of accidents, injuries, chronic diseases, or other emergencies. Although, the home healthcare settings segment is anticipated to index the fastest rate of growth in the near future, due to a sharp rise in the demand for in-home monitoring equipment. The ASC segment is also expected to register considerable revenue growth in the coming years.
Regional Segmentation and Analysis:
North America accounted for the majority revenue share of the global multi-parameter patient monitoring systems market in 2019, owing to the high prevalence of chronic diseases and the strong presence of industry players in this region. The APAC region however, is expected to register the fastest rate of revenue growth over the next 10 years, owing to increasing government expenditure.
Segmentation of the Global Multi-Parameter Patient Monitoring Systems Market:
Segmentation by Device Type:
Segmentation by Acuity Level:
Segmentation by Age Group:
Segmentation by End-Use:
- Homecare Settings
- Ambulatory Surgical Centers (ASCs)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Koninklijke Philips N.V.
- GE Healthcare
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- Drägerwerk AG & Co. KGaA
- Medtronic PLC
- Masimo Corporation
- Skanray Technologies Pvt. Ltd.
- SCHILLER AG
- Spacelabs Healthcare (OSI Systems Inc.)
- Smiths Medical
- SternMed GmbH
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