Global Multiparameter Patient Monitoring Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Multiparameter Patient Monitoring Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Device (Portable, and Fixed), Acuity Level (High, Medium, and Low), End Users (Hospitals, Homecare Settings, Ambulatory Surgical Centers, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Multiparameter Patient Monitoring Market was valued at USD 12,371.8 million in 2023 and is expected to reach USD 19,718.8 million by 2031 while growing at a CAGR of 6.0% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global multiparameter patient monitoring market growth. A multi-parameter patient monitor is a device capable of real-time monitoring and recording various essential vital signs of patients. Typically, these monitors include electrocardiogram, non-invasive blood pressure, pulse oximetry, end-tidal carbon dioxide, and other vital parameters. Widely utilized in hospital wards and ICUs, these integrated medical measuring instruments play a crucial role in patient care and monitoring.
Advancements in sensor technology, wireless connectivity, and data analytics propel the evolution of more sophisticated multiparameter patient monitoring systems, elevating their precision, dependability, and capabilities. Moreover, the increasing prevalence of chronic diseases fuels market expansion. However, obstacles such as the high cost of equipment and implementation, along with interoperability challenges, impede market growth.
Furthermore, the global multiparameter patient monitoring industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Device Analysis
The Global Multiparameter Patient Monitoring Market is segmented among Portable, and Fixed, based on Device. In 2023, Portable accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Acuity Level Analysis
The Global Multiparameter Patient Monitoring Market is segmented among High, Medium, and Low, based on Acuity Level. In 2023, High accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Multiparameter Patient Monitoring Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Abbott Laboratories, Baxter International Inc., Becton, Dickinson and Company, Boston Scientific Corporation, General Electric Company (GE Healthcare), Medtronic PLC, Koninklijke Philips NV, SCHILLER, and Nihon Kohden
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Multiparameter Patient Monitoring Market Dynamics
Drivers
Restraints
Opportunity
4. Global Multiparameter Patient Monitoring Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Multiparameter Patient Monitoring Market Segmentation, By Device
Global Multiparameter Patient Monitoring Market Share Analysis, By Device
Global Multiparameter Patient Monitoring Market Growth Analysis, By Device
Global Multiparameter Patient Monitoring Market Trends, By Device
o Portable
o Fixed
6. Global Multiparameter Patient Monitoring Market Segmentation, By Acuity Level
Global Multiparameter Patient Monitoring Market Share Analysis, By Acuity Level
Global Multiparameter Patient Monitoring Market Growth Analysis, By Acuity Level
Global Multiparameter Patient Monitoring Market Trends, By Acuity Level
o High
o Medium
o Low
7. Global Multiparameter Patient Monitoring Market Segmentation, By End Users
Global Multiparameter Patient Monitoring Market Share Analysis, By End Users
Global Multiparameter Patient Monitoring Market Growth Analysis, By End Users
Global Multiparameter Patient Monitoring Market Trends, By End Users
o Hospitals
o Homecare Settings
o Ambulatory Surgical Centers
o Others
8. Global Multiparameter Patient Monitoring Market Segmentation, By Region
Global Multiparameter Patient Monitoring Market Share Analysis, By Region
Global Multiparameter Patient Monitoring Market Growth Analysis, By Region
Global Multiparameter Patient Monitoring Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Abbott Laboratories*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Baxter International Inc.
Becton, Dickinson and Company
Boston Scientific Corporation
General Electric Company (GE Healthcare)
Medtronic PLC
Koninklijke Philips NV
SCHILLER
Nihon Kohden
*Similar analysis will be provided for each company listed above.
