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Global Multi-parameter Patient Monitoring Market $6.1 Billion by 2027

The global market for multi-parameter patient monitoring expected to attain $6.1 billion by 2027, expanding at a CAGR of 6.1% over the forecast period, driven by higher incidence of chronic diseases and adoption of automated, low cost, real-time patient monitoring systems by healthcare facilities.

Global Multi-parameter Patient Monitoring Market

Continuous measurement of patient parameters such as heart rate and rhythm, respiratory rate, blood pressure, blood-oxygen saturation, and many other parameters have become a common feature of the care of critically ill patients.

  • A patient monitor may not only alert caregivers to potentially life-threatening events; many also provide physiologic input data used to control directly connected life support devices.
    • The patient monitoring system monitors with high accuracy and dependability the multiple parameters like electrocardiogram (ECG), heart rate, blood oxygen saturation level (SpO2) and blood pressure.

Multi-parameter equipment or monitors that simultaneously measure and display the relevant vital parameters are commonly integrated into the bedside monitors in critical care units, and the anesthetic machines in operating rooms. 

Multiparameter Patient Monitoring Equipment Market

The global multi-parameter patient monitoring equipment market report estimates the market size ($million 2017 to 2027), market share, growth trends and forecast (CAGR% 2021 to 2027).

The global market for multi-parameter patient monitoring segmented by acuity level (high, low and medium acuity levels), end user (home and hospital based), and geography.

  • Increasingly, such data are collected using non-invasive sensors from less seriously ill patients in a hospital’s medical-surgical units, labor and delivery suites, nursing homes, or patients’ own homes to detect unexpected life-threatening conditions or to record routine but required data efficiently.
  • The market growth will reflect aging demographic patterns, advancing product technologies and changing health care approaches. 
    • Ongoing efforts by the medical community to improve the therapeutic outcomes of critical and chronic care patients will impact favorably on growth opportunities for multi-parameter patient monitors.
  • Telemetry systems will post the strongest gains based on expanding capabilities and cost containment advantages.
    • Through the remote, real-time transmission of patient vital sign data to central monitoring stations, telemetry systems promote the faster transfer of major surgical and trauma patients from intensive or critical care units to step-down recovery and rehabilitation sites.
      • Due to trends toward less invasive surgery and increasing cost containment pressures, demand for other multi-parameter patient monitors will expand at a comparatively slow pace.
  • Based on the intensive and sophisticated nature of inpatient procedures, the hospitals will remain the largest and most diversified end user market for patient monitoring systems.
    • However, the home health care segment will provide stronger growth opportunities due to expanded vital signs monitoring activities and an increasing number of other chronic care patients treated at home.
  • In general, the demand for patient monitoring systems in physicians’ offices, outpatient facilities, nursing homes and emergency services organizations will rise at a below average pace due to limited needs for high-end products, competition for patients from hospital ambulatory departments and general cost containment pressures.

The global market for multi-parameter patient monitoring research report is further divided by geography into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA) and Rest of the World.

The global patient-monitoring systems market research report also provides the detailed market landscape and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.

Major competitors operating in the global multi-parameter patient monitoring systems market and included in this report are Philips Healthcare, GE Healthcare, Drägerwerk AG & Co. KGaA, Nihon Kohden Corporation, Spacelabs Healthcare, CAS Medical Systems, Inc., Contec Medical Systems, Co. Ltd., Guangdong Biolight Meditech Co., Ltd., Mindray Medical International Limited, and Schiller AG.

  • Acuity Level
    • High-acuity Monitors
    • Low-acuity Monitors
    • Medium-acuity Monitors
  • End User
    • Home Based
    • Hospitals
  • Geography
    • North America (U.S., Canada)
    • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
    • Asia Pacific (Japan, China, India, Rest of APAC)
    • Latin America (Brazil, Mexico, Rest of LA)
    • Rest of the World
  • Company Profiles
    • CAS Medical Systems, Inc.
    • Contec Medical Systems Co., Ltd.
    • Drägerwerk AG & Co. KGaA
    • GE Healthcare
    • Guangdong Biolight Meditech Co., Ltd.
    • Mindray Medical International Limited
    • Nihon Kohden Corporation
    • Philips Healthcare
    • Schiller AG
    • Spacelabs Healthcare

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https://www.ihealthcareanalyst.com/report/multi-parameter-patient-monitoring-equipment-market/

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