Market Overview:
The global multiparameter patient monitoring market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this 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 multiparameter patient monitoring market can be segmented into bedside monitors, DCG monitors, intracranial pressure (ICP) monitors, and cardiac defibrillator (CD) monitors. Bedside monitor held the largest share of the global multiparameter patient monitoring market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their growing use for homecare settings as well as hospitals owing to their low cost and easy portability. Based on application, hospitals accounted for majority of the share in 2017 and is expected to continue its dominance during the forecast period due To increasing demand for advanced healthcare services across regions.
Product Definition:
Multiparameter patient monitoring is the use of multiple devices to track the vital signs and other health information of a patient. This information can be used to detect changes in the patient's condition and to provide early warning of potential problems. Multiparameter patient monitoring is important because it can help prevent serious health complications in patients.
Bedside Monitor:
The global bedside monitor, it's usage and growth factor in multiparameter patient monitoring market is expected to grow at a lucrative rate during the forecast period. The factors that propel the growth of this market include increasing incidences of cardiovascular diseases, growing geriatric population base coupled with rising awareness levels pertaining to early diagnosis. Moreover, technological advancements such as wireless technology and portable devices are also expected to drive the demand for bedside monitors over the next seven years.
DCG Monitor:
DCG Monitor is a software application that helps in the collection, analysis and transmission of data from medical devices. It also helps in managing patient information and connecting to other applications via internet. The DCG monitor market is expected to witness growth over the forecast period due to increasing demand for real-time patient monitoring, technological advancements such as cloud computing & wireless technology along with growing government initiatives for creating awareness about advanced technologies among physicians across the globe.
Application Insights:
Based on application, the global multiparameter patient monitoring market is segmented into hospitals, homecare settings, and specialty clinics. The hospital segment dominated the market in 2017 due to factors such as increasing prevalence of chronic diseases and rising number of surgeries. Furthermore, an increase in healthcare expenditure globally has led to a rise in investments by governments for developing new hospitals or refurbishing old ones. This investment has resulted in growing demand for advanced diagnostic devices that can detect early signs of disease at its nascent stage thus fueling growth over the forecast period.
The specialty clinic segment is expected to grow at a lucrative rate during the forecast period owing to an increase in patients visiting clinics with rare diseases who require highly sophisticated equipment such as Holter monitors for accurate diagnosis which are only available through multiparameter patient monitoring systems installed at these clinics. These systems also ensure continuous quality assessment thereby ensuring high product adoption across various clinical applications within these specialized clinics over the coming years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high adoption rate of new technologies, and rising healthcare expenditure in this region. Moreover, increasing demand for patient monitoring systems that are wireless and portable is expected to drive growth during the forecast period. Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to factors such as improving healthcare infrastructure and growing medical tourism industry in this region.
The Latin American regional market comprises developing economies such as Brazil and Mexico that have exhibited strong economic growth over recent years along with other Central & South American countries like Colombia & Peru etc., which form a significant part of global coffee production every year (approximately 60%!).
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. According to a study by the World Health Organization (WHO), non-communicable diseases are responsible for around 63% of all deaths worldwide. This is expected to drive the demand for multiparameter patient monitoring devices in the coming years.
- Technological advancements: Rapid technological advancements are taking place in the field of healthcare, which is resulting in innovative multiparameter patient monitoring devices being developed constantly. These devices are becoming more portable, user-friendly and affordable with each passing day, thereby widening their adoption among healthcare providers and patients alike.
- Growing awareness about early diagnosis and treatment: There is a growing awareness among people about the importance of early diagnosis and treatment for various chronic diseases such as cancer, diabetes etc., This has led to an increase in demand for multiparameter patient monitoring devices that can help detect these conditions at an early stage itself..
Scope Of The Report
Report Attributes
Report Details
Report Title
Multiparameter Patient Monitoring Market Research Report
By Type
Bedside Monitor, DCG Monitor, Intracranial Pressure Monitor, Cardiac Defibrillator Monitors
By Application
Hospitals, Homecare Settings, Specialty Clinics
By Companies
Dragerwerk, GE Healthcare, Phillips Healthcare, Spacelabs Healthcare, Edwards Lifesciences, Guangdong Biolight Meditech, CONTEC MEDICAL, Larsen & Toubro, Mindray Medical, Schiller, Nihon Kohden, Omron 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Multiparameter Patient Monitoring Market Report Segments:
The global Multiparameter Patient Monitoring market is segmented on the basis of:
Types
Bedside Monitor, DCG Monitor, Intracranial Pressure Monitor, Cardiac Defibrillator 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
Hospitals, Homecare Settings, Specialty Clinics
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:
- Dragerwerk
- GE Healthcare
- Phillips Healthcare
- Spacelabs Healthcare
- Edwards Lifesciences
- Guangdong Biolight Meditech
- CONTEC MEDICAL
- Larsen & Toubro
- Mindray Medical
- Schiller
- Nihon Kohden
- Omron Healthcare
Highlights of The Multiparameter Patient Monitoring 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:
- Bedside Monitor
- DCG Monitor
- Intracranial Pressure Monitor
- Cardiac Defibrillator Monitors
- By Application:
- Hospitals
- Homecare Settings
- Specialty Clinics
- 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 Multiparameter Patient Monitoring 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?
Multiparameter patient monitoring is a type of medical technology that uses multiple sensors to measure a variety of health indicators in an individual. This technology can be used to monitor heart rate, blood pressure, oxygen levels, and other vital signs. Multiparameter patient monitoring can help doctors diagnose and treat health conditions more quickly and accurately.
Some of the key players operating in the multiparameter patient monitoring market are Dragerwerk, GE Healthcare, Phillips Healthcare, Spacelabs Healthcare, Edwards Lifesciences, Guangdong Biolight Meditech, CONTEC MEDICAL, Larsen & Toubro, Mindray Medical, Schiller, Nihon Kohden, Omron Healthcare.
The multiparameter patient monitoring market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multiparameter Patient Monitoring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Multiparameter Patient Monitoring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multiparameter Patient Monitoring Market - Supply Chain
4.5. Global Multiparameter Patient Monitoring Market Forecast
4.5.1. Multiparameter Patient Monitoring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multiparameter Patient Monitoring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multiparameter Patient Monitoring Market Absolute $ Opportunity
5. Global Multiparameter Patient Monitoring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Multiparameter Patient Monitoring Market Size and Volume Forecast by Type
5.3.1. Bedside Monitor
5.3.2. DCG Monitor
5.3.3. Intracranial Pressure Monitor
5.3.4. Cardiac Defibrillator Monitors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multiparameter Patient Monitoring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Multiparameter Patient Monitoring Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Homecare Settings
6.3.3. Specialty Clinics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multiparameter Patient Monitoring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Multiparameter Patient Monitoring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Multiparameter Patient Monitoring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Multiparameter Patient Monitoring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Multiparameter Patient Monitoring Demand Share Forecast, 2019-2026
9. North America Multiparameter Patient Monitoring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Multiparameter Patient Monitoring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Multiparameter Patient Monitoring Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Homecare Settings
9.4.3. Specialty Clinics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multiparameter Patient Monitoring Market Size and Volume Forecast by Type
9.7.1. Bedside Monitor
9.7.2. DCG Monitor
9.7.3. Intracranial Pressure Monitor
9.7.4. Cardiac Defibrillator Monitors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Multiparameter Patient Monitoring Demand Share Forecast, 2019-2026
10. Latin America Multiparameter Patient Monitoring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Multiparameter Patient Monitoring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Multiparameter Patient Monitoring Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Homecare Settings
10.4.3. Specialty Clinics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multiparameter Patient Monitoring Market Size and Volume Forecast by Type
10.7.1. Bedside Monitor
10.7.2. DCG Monitor
10.7.3. Intracranial Pressure Monitor
10.7.4. Cardiac Defibrillator Monitors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Multiparameter Patient Monitoring Demand Share Forecast, 2019-2026
11. Europe Multiparameter Patient Monitoring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Multiparameter Patient Monitoring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Multiparameter Patient Monitoring Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Homecare Settings
11.4.3. Specialty Clinics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multiparameter Patient Monitoring Market Size and Volume Forecast by Type
11.7.1. Bedside Monitor
11.7.2. DCG Monitor
11.7.3. Intraranial Pressure Monitor
11.7.4. Cardiac Defibrillator Monitors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Multiparameter Patient Monitoring Demand Share, 2019-2026
12. Asia Pacific Multiparameter Patient Monitoring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Multiparameter Patient Monitoring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Multiparameter Patient Monitoring Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Homecare Settings
12.4.3. Specialty Clinics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multiparameter Patient Monitoring Market Size and Volume Forecast by Type
12.7.1. Bedside Monitor
12.7.2. DCG Monitor
12.7.3. Intracranial Pressure Monitor
12.7.4. Cardiac Defibrillator Monitors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Multiparameter Patient Monitoring Demand Share, 2019-2026
13. Middle East & Africa Multiparameter Patient Monitoring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Multiparameter Patient Monitoring Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Multiparameter Patient Monitoring Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Homecare Settings
13.4.3. Specialty Clinics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multiparameter Patient Monitoring Market Size and Volume Forecast by Type
13.7.1. Bedside Monitor
13.7.2. DCG Monitor
13.7.3. Intracranial Pressure Monitor
13.7.4. Cardiac Defibrillator Monitors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Multiparameter Patient Monitoring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multiparameter Patient Monitoring Market: Market Share Analysis
14.2. Multiparameter Patient Monitoring Distributors and Customers
14.3. Multiparameter Patient Monitoring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dragerwerk
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Phillips Healthcare
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Spacelabs Healthcare
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Edwards Lifesciences
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Guangdong Biolight Meditech
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CONTEC MEDICAL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Larsen & Toubro
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mindray Medical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Schiller
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nihon Kohden
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Omron Healthcare
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
