Market Overview:
The global multi-parameter patient monitor market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in patient monitoring devices. Based on type, the high-acuity monitors segment is expected to account for the largest share of the global multi-parameter patient monitor market in 2018. This segment is also projected to grow at a higher CAGR during the forecast period as compared to other segments. The growth in this segment can be attributed to factors such as increasing demand for technologically advanced monitors and rising prevalence of chronic diseases. Based on application, hospitals are expected to account for the largest share of the global multi-parameter patient monitor market in 2018.
Product Definition:
Multi-parameter patient monitors are used to measure a variety of physiological parameters in patients, including heart rate, blood pressure, respiratory rate, and oxygen saturation. They are important for providing clinicians with vital information about a patient's condition in order to make informed decisions about treatment.
High-acuity Monitors:
High-acuity monitors are healthcare equipment used to monitor vital signs of a patient in the intensive care unit (ICU) or emergency department (ED). The growth factor for this market is increasing prevalence of chronic diseases such as heart failure, septicemia, and respiratory failure.
Increasing number of patients suffering from cardiac arrest.
Mid-acuity Monitors:
Mid-acuity monitors are used to monitor patients with moderate and low acuity level. These devices help in delivering quality care to the patients by tracking vital signs such as heart rate, blood pressure, temperature, respiratory rate and oxygen saturation levels of patient’s body. The data obtained from these devices is helpful in monitoring the effectiveness of treatment given to a patient by doctors or nursing staff.
Application Insights:
The hospital application segment accounted for the largest share of over 60.0% in 2017. The increasing prevalence of chronic diseases, such as heart diseases, respiratory problems, diabetes and kidney disease requires frequent monitoring by healthcare professionals at hospitals. As a result, demand for patient monitors that are designed specifically for use in hospitals is expected to increase over the forecast period.
The home health care segment is anticipated to register the fastest CAGR of XX% from 2018 to 2030 owing to an increase in patients suffering from chronic conditions requiring regular medical checkups at home or via remote locations where healthcare providers cannot access them easily resulting in high adoption rate of these devices globally due to its benefits such as easy mobility and usage along with low cost associated with it which makes it affordable for customers across various income levels thereby driving growth worldwide during this period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, technological advancements, and high healthcare expenditure in this region. The Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing government initiatives for improving healthcare infrastructure and reimbursement policies that encourage usage of advanced medical devices for early diagnosis & treatment. Moreover, rising awareness about patient safety & care during hospitalization is anticipated to propel demand for multi-parameter patient monitors over the forecast period.
Major companies include but are not limited to: Abbott; Medtronic; Philips Healthcare; Roche Diagnostics Corporation; Siemens Healthineers AG.; Koninklijke Philips N.V.
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is primarily because of the changing lifestyle and dietary habits of people. Multi-parameter patient monitors are used to monitor the vital signs and other health parameters of patients with chronic diseases, which helps in early diagnosis and timely treatment.
- Rising demand for home healthcare: There is a growing demand for home healthcare services due to the rising cost of hospitalization and lack of availability of quality healthcare services in rural areas. Multi-parameter patient monitors can be used at home to monitor the health status of patients, which helps in providing timely care and reducing hospitalization costs.
- Growing geriatric population: The global geriatric population is growing rapidly due to advances in medical technology and improvements in public health infrastructure worldwide. Elderly people are more prone to develop chronic diseases such as heart disease, stroke, cancer, etc., which require regular monitoring using multi-parameter patient monitors for early diagnosis and treatment..
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-parameter Patient Monitor Market Research Report
By Type
High-acuity Monitors, Mid-acuity Monitors, Low-acuity Monitors
By Application
Hospital, Home Health Care
By Companies
Philips Healthcare, GE Healthcare, Drager, Schiller, Nihon Kohden, OSI (Spacelabs), Mindray, CAS Medical Systems, Philips Healthcare
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Multi-parameter Patient Monitor Market Report Segments:
The global Multi-parameter Patient Monitor 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, Home Health Care
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
- Drager
- Schiller
- Nihon Kohden
- OSI (Spacelabs)
- Mindray
- CAS Medical Systems
- Philips Healthcare
Highlights of The Multi-parameter Patient Monitor 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
- Home Health Care
- 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 Patient Monitor 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?
A multi-parameter patient monitor is a medical device that monitors multiple physiological parameters of a patient. These parameters may include heart rate, blood pressure, oxygen saturation, and temperature.
Some of the major companies in the multi-parameter patient monitor market are Philips Healthcare, GE Healthcare, Drager, Schiller, Nihon Kohden, OSI (Spacelabs), Mindray, CAS Medical Systems, Philips Healthcare.
The multi-parameter patient monitor market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-parameter Patient Monitor 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 Patient Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi-parameter Patient Monitor 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 Patient Monitor 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 Patient Monitor Market Size & Forecast, 2018-2028
4.5.1 Multi-parameter Patient Monitor Market Size and Y-o-Y Growth
4.5.2 Multi-parameter Patient Monitor Market Absolute $ Opportunity
Chapter 5 Global Multi-parameter Patient Monitor 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 Patient Monitor 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 Patient Monitor 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 Patient Monitor Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Home Health Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-parameter Patient Monitor 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 Patient Monitor 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 Patient Monitor Analysis and Forecast
9.1 Introduction
9.2 North America Multi-parameter Patient Monitor 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 Patient Monitor 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 Patient Monitor Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Home Health Care
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 Patient Monitor Analysis and Forecast
10.1 Introduction
10.2 Europe Multi-parameter Patient Monitor 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 Patient Monitor 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 Patient Monitor Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Home Health Care
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 Patient Monitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multi-parameter Patient Monitor 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 Patient Monitor 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 Patient Monitor Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Home Health Care
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 Patient Monitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Multi-parameter Patient Monitor 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 Patient Monitor 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 Patient Monitor Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Home Health Care
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 Patient Monitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multi-parameter Patient Monitor 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 Patient Monitor 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 Patient Monitor Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Home Health Care
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 Patient Monitor Market: Competitive Dashboard
14.2 Global Multi-parameter Patient Monitor 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 Drager
14.3.4 Schiller
14.3.5 Nihon Kohden
14.3.6 OSI (Spacelabs)
14.3.7 Mindray
14.3.8 CAS Medical Systems
14.3.9 Philips Healthcare
