Multi Parameter Patient Monitoring Equipment Market | Contrive Datum Insights

The Multiparameter Patient Monitoring Devices market size was valued at USD 10.46 billion in 2020 and is expected to reach USD 15.51 billion by 2028, at a CAGR of 5.10% from 2021 to 2028.

Multi-Parameter Patient Monitoring Equipment Market Overview

The growing need for early identification and treatment of chronic diseases coupled with high demand for real-time patient monitors in CCUs (Intensive Care Units) is likely to boost the growth market for global Multi-Parameter Patient Monitoring Equipment. The need to make more informed clinical decisions in the field and the need to record changes in the patient’s condition at each stage are expected to drive sales in the global market. The coronavirus pandemic has wreaked havoc on global markets, sending countries into financial meltdown. Multiparameter patient monitors are commonly used in inpatient wards and Intensive Care Units (ICUs) to improve the quality of care. Critically ill patients require continuous monitoring, especially in the emergency department, because the physiological response to severe illness is closely related to prognosis. Follow-up of critically ill patients using multiparameter monitors allows assessment of physiological reserve and the efficiency of therapeutic measures.

The Multi-Parameter Patient Monitoring Equipment Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Multi-Parameter Patient Monitoring Equipment market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Drägerwerk, GE Healthcare, Koninklijke Philips, NIHON KOHDEN and OSI Systems, and Others.

Industry Development:

• In December 2019, Nihon Kohden Corporation launched the Life Scope SVM-7200 series of vital signs monitors for outpatient facilities in the United States
• In March 2014, Nihon Kohden Corporation announced the establishment of a sales subsidiary, Nihon Kohden Latin America S.A.S., to expand sales in Mexico, Central America, South America and the Caribbean.

What are the major Applications, Types, and Regions for the Multi-Parameter Patient Monitoring Equipment Market?

Device Type      

• Portable
• Fixed

Acuity Level       

• High-acuity multiparameter patient monitors
• Mid-acuity multiparameter patient monitors
• Low-acuity multiparameter patient monitors

End User             

• Hospitals
• Homecare settings
• Ambulatory surgical centers (ASC
• Others

Multi-Parameter Patient Monitoring Equipment Market Regional Insights:

North America dominated the Multi-Parameter Patient Monitoring Equipment market in 2017 owing to the development of advanced technologies in healthcare systems and new product launches in the MPM devices market. For example, in October 2017, Abbott launched the first and only smartphone-compatible plug-in heart monitor in the United States. Asia Pacific is the fastest-growing region for the Multi-Parameter Patient Monitoring Equipment market size, owing to the increasing geriatric population suffering from any age-related disease, which directly contributes to the growth of the MPM devices market size. About 241 million people in China were over 60 years old in 2018, accounting for 17.3% of the country's total population, according to the China Working Council on Aging (CNCA).

Geographically, the global Multi-Parameter Patient Monitoring Equipment market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Multi-Parameter Patient Monitoring Equipment Market Report Scope:

Frequently Asked Questions (FAQ) about the Multi-Parameter Patient Monitoring Equipment market:

What is the CAGR of the global Multi-Parameter Patient Monitoring Equipment market?

The Multi-Parameter Patient Monitoring Equipment Market is growing at a CAGR of 5.1% during the forecast period.

Which region would offer high growth for vendors in the Multi-Parameter Patient Monitoring Equipment market?

North America dominated the Multi-Parameter Patient Monitoring Equipment market.

Which Is the Most potential market segment?

Device Type      

• Portable
• Fixed

Acuity Level       

• High-acuity multiparameter patient monitors
• Mid-acuity multiparameter patient monitors
• Low-acuity multiparameter patient monitors

End User             

• Hospitals
• Homecare settings
• Ambulatory surgical centers (ASC
• Others

Which are the top industry players in the Multi-Parameter Patient Monitoring Equipment market?

Drägerwerk, GE Healthcare, Koninklijke Philips, NIHON KOHDEN and OSI Systems and Others.