Market Overview:
The global multi-parameter vital signs monitors market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced healthcare technologies and rising prevalence of chronic diseases. Based on type, the global multi-parameter vital signs monitors market is segmented into high-acuity monitors, mid-acuity monitors, and low-acuity monitors. The high-acuity monitor segment is expected to account for the largest share of the global market in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to factors such as technological advancements and rising demand for home healthcare services. Based on application, the global multi-parameter vital signs monitors market is divided into hospital applications, clinic applications, nursing home applications, and other applications (including ambulance services and military). In 2018, hospital applications are estimated to account for the largest share of this market followed by clinic applications.
Product Definition:
Multi-parameter vital signs monitors are devices used to measure a patient's vital signs. These devices typically include sensors to measure heart rate, blood pressure, oxygen saturation levels, and respiratory rate. Multi-parameter vital signs monitors are important for providing healthcare professionals with a comprehensive view of the patient's health status. This information can help clinicians identify potential problems early and make necessary interventions to prevent further deterioration of the patient's condition.
High-acuity Monitors:
High-acuity monitors are vital signs monitors that are used in hospitals and other healthcare facilities. The growth factor for this market is increasing the aging population, which has a higher chance of getting admitted to the hospital due to various reasons such as cardiovascular diseases, neurological disorders, respiratory problems and others. According to WHO (2018), it was estimated that by 2050 more than 60% of the world’s population will be above 60 years of age.
Mid-acuity Monitors:
The global mid-acuity monitors and it's usage in multi-parameter vital signs monitors market size was valued at USD 6.2 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The hospital segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The increasing number of hospitals, rising healthcare spending, and growing aging population are some of the factors contributing to this growth. Increasing investments by governments in building new hospitals as well as improving existing facilities is also a key factor driving this segment. For instance, according to media reports in March 2018,the Government of India has allocated USD 1 billion for building 100 smart cities across the country which will include ¢â‚¬Å“nursing homes with high-tech features such as Wi-Fi enabled rooms and television sets with remote control functionality.¢â‚¬ This investment is aimed at providing better care for patients who require higher levels of assistance while bathing or dressing up. Such initiatives by government agencies will further boost product demand globally over the forecast period (2018 - 2030).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for cost-effective & quality medical services. Moreover, rising geriatric population and prevalence of chronic conditions are expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare facilities in economies including India & China as a result of government initiatives such as “Hospital Improvement Program†(HIP) and “Healthcare Financing Initiative†(HFII). In addition, favorable government policies encouraging private investment in various sectors including medical devices are likely to boost growth over next eight years.
Growth Factors:
- Increasing demand for early diagnosis and treatment of various diseases
- Rising prevalence of chronic diseases such as diabetes, heart disease, and respiratory disorders
- Technological advancements in multi-parameter vital signs monitors
- Growing number of ambulatory care centers and hospitals
- Rising awareness about the benefits of using multi-parameter vital signs monitors
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-Parameter Vital Signs Monitors Market Research Report
By Type
High-acuity Monitors, Mid-acuity Monitors, Low-acuity Monitors
By Application
Hospital, Clinic, Nursing Home, Other
By Companies
Philips Healthcare, GE Healthcare, Nihon Kohden, Dragerwerk, Mindray, OSI (Spacelabs), Hill-Rom (Welch Allyn), Edan, Smiths Medical, Biolight, Schiller, Creative Medical, CAS Medical Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Multi-Parameter Vital Signs Monitors Market Report Segments:
The global Multi-Parameter Vital Signs Monitors market is segmented on the basis of:
Types
High-acuity Monitors, Mid-acuity Monitors, Low-acuity Monitors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Nursing Home, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips Healthcare
- GE Healthcare
- Nihon Kohden
- Dragerwerk
- Mindray
- OSI (Spacelabs)
- Hill-Rom (Welch Allyn)
- Edan
- Smiths Medical
- Biolight
- Schiller
- Creative Medical
- CAS Medical Systems
Highlights of The Multi-Parameter Vital Signs Monitors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-acuity Monitors
- Mid-acuity Monitors
- Low-acuity Monitors
- By Application:
- Hospital
- Clinic
- Nursing Home
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multi-Parameter Vital Signs Monitors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multi-Parameter Vital Signs Monitors are a type of medical device that measure multiple vital signs simultaneously. These monitors can be used to monitor heart rate, blood pressure, oxygen levels, and more. They can be helpful in detecting health problems early on and helping to improve patient care.
Some of the major companies in the multi-parameter vital signs monitors market are Philips Healthcare, GE Healthcare, Nihon Kohden, Dragerwerk, Mindray, OSI (Spacelabs), Hill-Rom (Welch Allyn), Edan, Smiths Medical, Biolight, Schiller, Creative Medical, CAS Medical Systems.
The multi-parameter vital signs monitors market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-Parameter Vital Signs Monitors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Multi-Parameter Vital Signs Monitors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Multi-Parameter Vital Signs Monitors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Multi-Parameter Vital Signs Monitors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Multi-Parameter Vital Signs Monitors Market Size & Forecast, 2018-2028 4.5.1 Multi-Parameter Vital Signs Monitors Market Size and Y-o-Y Growth 4.5.2 Multi-Parameter Vital Signs Monitors Market Absolute $ Opportunity
Chapter 5 Global Multi-Parameter Vital Signs Monitors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Multi-Parameter Vital Signs Monitors Market Size Forecast by Type
5.2.1 High-acuity Monitors
5.2.2 Mid-acuity Monitors
5.2.3 Low-acuity Monitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multi-Parameter Vital Signs Monitors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Multi-Parameter Vital Signs Monitors Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Nursing Home
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-Parameter Vital Signs Monitors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multi-Parameter Vital Signs Monitors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Multi-Parameter Vital Signs Monitors Analysis and Forecast
9.1 Introduction
9.2 North America Multi-Parameter Vital Signs Monitors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Multi-Parameter Vital Signs Monitors Market Size Forecast by Type
9.6.1 High-acuity Monitors
9.6.2 Mid-acuity Monitors
9.6.3 Low-acuity Monitors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Multi-Parameter Vital Signs Monitors Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Nursing Home
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Multi-Parameter Vital Signs Monitors Analysis and Forecast
10.1 Introduction
10.2 Europe Multi-Parameter Vital Signs Monitors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Multi-Parameter Vital Signs Monitors Market Size Forecast by Type
10.6.1 High-acuity Monitors
10.6.2 Mid-acuity Monitors
10.6.3 Low-acuity Monitors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Multi-Parameter Vital Signs Monitors Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Nursing Home
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Multi-Parameter Vital Signs Monitors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multi-Parameter Vital Signs Monitors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Multi-Parameter Vital Signs Monitors Market Size Forecast by Type
11.6.1 High-acuity Monitors
11.6.2 Mid-acuity Monitors
11.6.3 Low-acuity Monitors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Multi-Parameter Vital Signs Monitors Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Nursing Home
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Multi-Parameter Vital Signs Monitors Analysis and Forecast
12.1 Introduction
12.2 Latin America Multi-Parameter Vital Signs Monitors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Multi-Parameter Vital Signs Monitors Market Size Forecast by Type
12.6.1 High-acuity Monitors
12.6.2 Mid-acuity Monitors
12.6.3 Low-acuity Monitors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Multi-Parameter Vital Signs Monitors Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Nursing Home
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Multi-Parameter Vital Signs Monitors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multi-Parameter Vital Signs Monitors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Multi-Parameter Vital Signs Monitors Market Size Forecast by Type
13.6.1 High-acuity Monitors
13.6.2 Mid-acuity Monitors
13.6.3 Low-acuity Monitors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Multi-Parameter Vital Signs Monitors Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Nursing Home
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multi-Parameter Vital Signs Monitors Market: Competitive Dashboard
14.2 Global Multi-Parameter Vital Signs Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Healthcare
14.3.2 GE Healthcare
14.3.3 Nihon Kohden
14.3.4 Dragerwerk
14.3.5 Mindray
14.3.6 OSI (Spacelabs)
14.3.7 Hill-Rom (Welch Allyn)
14.3.8 Edan
14.3.9 Smiths Medical
14.3.10 Biolight
14.3.11 Schiller
14.3.12 Creative Medical
14.3.13 CAS Medical Systems