Market Overview:
The global portable multi-parameter monitors 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 demand for portable multi-parameter monitors from hospitals, ambulatory surgical centers, specialty clinics, and home care settings. Additionally, the growing awareness about early diagnosis and treatment of various diseases is also contributing to the growth of this market. On the basis of type, the global portable multi-parameter monitors market can be segmented into high acuity level, mid acuity level, and low acuity level. The high acuity level segment is expected to account for a major share of this market in 2018 owing to its growing demand from hospitals and other healthcare facilities. By application, the hospital segment is expected to dominate this market in 2018 followed by ambulatory surgical centers and specialty clinics segments respectively. Geographically speaking North America accounted for a dominant share of 43% in 2017 while Europe was second with 31%.
Product Definition:
A portable multi-parameter monitor is a device that can measure several vital signs (such as heart rate, blood pressure, and oxygen saturation) simultaneously. They are often used in hospitals and other clinical settings to provide instant feedback on a patient's condition. Portable multi-parameter monitors are important because they allow healthcare providers to quickly assess a patient's status and make necessary adjustments.
High Acuity Level:
High acuity level is a medical condition where the patient's condition is critical and requires constant monitoring. The high cost of hospitalization, increasing prevalence of chronic diseases, rising geriatric population & increasing demand for home healthcare services are some factors driving the growth of this market globally.
Portable multi-parameter monitors help in reducing errors and provide efficient care to patients with limited mobility.
Mid Acuity Level:
Mid acuity level is the level of care provided to patients with acute conditions. It includes providing acute inpatient and outpatient care. The mid-acuity range patient population has a higher prevalence of chronic diseases such as heart failure, septicemia, hip fracture, respiratory failure and requires longer hospitalization than low-acuity patients.
Application Insights:
The market is segmented by application into hospitals, ambulatory surgical centers, specialty clinics and home care settings. The hospital segment dominated the market in 2017 owing to the increasing prevalence of chronic diseases such as heart disease, cancer and respiratory disorders that require regular monitoring at a hospital setting. Furthermore, an increase in healthcare spending due to growing geriatric population coupled with technological advancements such as telemedicine is anticipated to drive demand for portable multi-parameter monitors over the forecast period.
The specialty clinics segment is expected to witness lucrative growth over the forecast period owing to rising number of patients suffering from diabetes requiring regular monitoring for blood glucose levels at a specialized clinic level. Moreover, an increase in patient visits due these factors will drive demand for PMPMMCs thus providing lucrative opportunities for industry participants during the projected time frame.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for quality healthcare services. Moreover, an increase in government initiatives to develop technologically advanced medical devices is expected to drive the regional market over the forecast period.
Asia Pacific is expected to grow at a lucrative CAGR over the forecast period due to factors such as improving healthcare facilities and growing patient awareness regarding portable multi-parameter monitors. In addition, rising geriatric population coupled with increasing incidences of chronic diseases are also contributing towards growth in this region. Furthermore, economic development coupled with favorable government policies aimed at developing health care infrastructure will boost industry growth during the forecast period in this region.
Europe was estimated as being worth USD X million in 2017.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the increasing preference for minimally invasive procedures over traditional open surgery procedures, due to their shorter recovery time and lesser surgical trauma. Portable multi-parameter monitors are increasingly being used in such surgeries as they provide real-time information on various physiological parameters of the patient, which helps in better decision making by the surgeon.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as diabetes, heart disease, and cancer is rising rapidly due to changing lifestyles and aging populations. These conditions often require continuous monitoring of various physiological parameters, which can be done effectively with portable multi-parameter monitors. As a result, the market for portable multi-parameter monitors is expected to grow at a healthy rate in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Multi-Parameter Monitors Market Research Report
By Type
High Acuity Level, Mid Acuity Level, Low Acuity Level
By Application
Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Home Care Settings
By Companies
Philips Healthcare, GE Healthcare, Medtronic, Nihon Kohden, DräGerwerk, Schiller, Spacelabs, Contec Medical Systems, General Meditech
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Portable Multi-Parameter Monitors Market Report Segments:
The global Portable Multi-Parameter Monitors market is segmented on the basis of:
Types
High Acuity Level, Mid Acuity Level, Low Acuity Level
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, Ambulatory Surgical Centers, Specialty Clinics, Home Care Settings
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
- Medtronic
- Nihon Kohden
- DräGerwerk
- Schiller
- Spacelabs
- Contec Medical Systems
- General Meditech
Highlights of The Portable Multi-Parameter 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 Level
- Mid Acuity Level
- Low Acuity Level
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Home Care Settings
- 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 Portable Multi-Parameter 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?
Portable Multi-Parameter Monitors are a type of medical device that measure multiple physiological parameters simultaneously. These monitors can be used to monitor a patient's heart rate, blood pressure, oxygen levels, and other vital signs.
Some of the major players in the portable multi-parameter monitors market are Philips Healthcare, GE Healthcare, Medtronic, Nihon Kohden, DrƒÂ¤Gerwerk, Schiller, Spacelabs, Contec Medical Systems, General Meditech.
The portable multi-parameter monitors 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. Portable Multi-Parameter Monitors 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. Portable Multi-Parameter Monitors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Multi-Parameter Monitors Market - Supply Chain
4.5. Global Portable Multi-Parameter Monitors Market Forecast
4.5.1. Portable Multi-Parameter Monitors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Multi-Parameter Monitors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Multi-Parameter Monitors Market Absolute $ Opportunity
5. Global Portable Multi-Parameter Monitors 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. Portable Multi-Parameter Monitors Market Size and Volume Forecast by Type
5.3.1. High Acuity Level
5.3.2. Mid Acuity Level
5.3.3. Low Acuity Level
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Multi-Parameter Monitors 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. Portable Multi-Parameter Monitors Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Ambulatory Surgical Centers
6.3.3. Specialty Clinics
6.3.4. Home Care Settings
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Multi-Parameter Monitors 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. Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors 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. Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors Demand Share Forecast, 2019-2026
9. North America Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Ambulatory Surgical Centers
9.4.3. Specialty Clinics
9.4.4. Home Care Settings
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Multi-Parameter Monitors Market Size and Volume Forecast by Type
9.7.1. High Acuity Level
9.7.2. Mid Acuity Level
9.7.3. Low Acuity Level
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 Portable Multi-Parameter Monitors Demand Share Forecast, 2019-2026
10. Latin America Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Ambulatory Surgical Centers
10.4.3. Specialty Clinics
10.4.4. Home Care Settings
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Multi-Parameter Monitors Market Size and Volume Forecast by Type
10.7.1. High Acuity Level
10.7.2. Mid Acuity Level
10.7.3. Low Acuity Level
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 Portable Multi-Parameter Monitors Demand Share Forecast, 2019-2026
11. Europe Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Ambulatory Surgical Centers
11.4.3. Specialty Clinics
11.4.4. Home Care Settings
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Portable Multi-Parameter Monitors Market Size and Volume Forecast by Type
11.7.. High Acuity Level
11.7.2. Mid Acuity Level
11.7.3. Low Acuity Level
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 Portable Multi-Parameter Monitors Demand Share, 2019-2026
12. Asia Pacific Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Ambulatory Surgical Centers
12.4.3. Specialty Clinics
12.4.4. Home Care Settings
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Multi-Parameter Monitors Market Size and Volume Forecast by Type
12.7.1. High Acuity Level
12.7.2. Mid Acuity Level
12.7.3. Low Acuity Level
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 Portable Multi-Parameter Monitors Demand Share, 2019-2026
13. Middle East & Africa Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors 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 Portable Multi-Parameter Monitors Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Ambulatory Surgical Centers
13.4.3. Specialty Clinics
13.4.4. Home Care Settings
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Multi-Parameter Monitors Market Size and Volume Forecast by Type
13.7.1. High Acuity Level
13.7.2. Mid Acuity Level
13.7.3. Low Acuity Level
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 Portable Multi-Parameter Monitors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Multi-Parameter Monitors Market: Market Share Analysis
14.2. Portable Multi-Parameter Monitors Distributors and Customers
14.3. Portable Multi-Parameter Monitors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Philips Healthcare
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. Medtronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nihon Kohden
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DräGerwerk
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schiller
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Spacelabs
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Contec Medical Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. General Meditech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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
