Pune, India, Jan. 10, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global multi-parameter patient monitoring equipment market accounted for USD 3955 million in 2020 and is estimated to expand at a CAGR of 3.2% over 2021-2027, further reaching USD 4937.2 million in valuation by the end of study duration.
The document also offers a detailed analysis of the market segmentations, including type, application range, and geographical landscape, thus revealing the prominent avenues for investment in the upcoming years. An exclusive study of industry value chain, from the suppliers to the distributors and consumers, is entailed in the report as well.
Increasing awareness and availability of technologically advanced devices are majorly driving the market growth. Rising prevalence of chronic conditions such as diabetes, cardiovascular diseases, obesity, and cancer are also adding traction to the overall market size.
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For the record, multi-parameter patient monitoring equipment is used for tracking vital signs of patient's health. It is mainly used in various departments of the hospitals to monitor patient’s health. The equipment measures temperature, blood pressure, respiration rate and the specialized versions of this equipment measure cardiac and fetal output, and neuromuscular monitors.
Major market players are integrating enhanced technology to manufacture innovative & advanced monitoring systems, thus further favoring the industry outlook as well. On the downside, high cost associated with these devices is likely to act as a bottleneck for the industry progression over the projected timeline.
An overview of the geographical outlook
The geographical analysis of the industry extends to Asia Pacific, Europe, North America, Middle East & Africa and Latin America.
North America is slated to obtain a 40% share in worldwide multi-parameter patient monitoring equipment industry over the assessment timeframe. This can be accredited to increasing investments in research & developmental activities, presence of prominent healthcare facilities, and favorable government support for development of innovative products.
Asia-Pacific is also expected to emerge as a key revenue generator for the market participants in the ensuing years.
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Global Multi-Parameter Patient Monitoring Equipment Market by Type (Revenue, USD Million, 2016-2027)
- High-acuity Monitors
- Mid-acuity Monitors
- Low-acuity Monitors
Global Multi-Parameter Patient Monitoring Equipment Market by Application Range (Revenue, USD Million, 2016-2027)
- Hospital
- Home Health Care
Global Multi-Parameter Patient Monitoring Equipment Market Regional Terrain (Revenue, USD Million, 2016-2027
North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Asia Pacific
- China
- Japan
- Australia
- India
- Australia
- Southeast Asia
- South Korea
- Rest of Asia-Pacific
Europe
- U.K.
- Germany
- France
- Italy
- Nordic Countries
- Russia
- Rest of Europe
Rest of the World
Global Multi-Parameter Patient Monitoring Equipment Market Competitive Dashboard (Revenue, Million, 2016-2027
- Cas Medical Systems, Inc.
- Schiller AG
- OSI Systems, Inc. (Spacelabs Medical, Inc.)
- Mindray Medical International Limited
- Drägerwerk AG & Co. KGaA
- Nihon Kohden Corporation
- GE Healthcare
- Philips Healthcare
Table of Content:
1 Study Coverage
1.1 Multi-Parameter Patient Monitoring Equipment Product Introduction
1.2 Market by Type
1.2.1 Global Multi-Parameter Patient Monitoring Equipment Market Size Growth Rate by Type
1.2.2 High-acuity Monitors
1.2.3 Mid-acuity Monitors
1.2.4 Low-acuity Monitors
1.3 Market by Application
1.3.1 Global Multi-Parameter Patient Monitoring Equipment Market Size Growth Rate by Application
1.3.2 Hospital
1.3.3 Home Health Care
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Multi-Parameter Patient Monitoring Equipment Market Size Estimates and Forecasts
2.1.1 Global Multi-Parameter Patient Monitoring Equipment Revenue 2016-2027
2.1.2 Global Multi-Parameter Patient Monitoring Equipment Sales 2016-2027
2.2 Multi-Parameter Patient Monitoring Equipment Market Size by Region: 2021 Versus 2027
2.3 Multi-Parameter Patient Monitoring Equipment Sales by Region (2016-2027)
2.3.1 Global Multi-Parameter Patient Monitoring Equipment Sales by Region: 2016-2021
2.3.2 Global Multi-Parameter Patient Monitoring Equipment Sales Forecast by Region (2022-2027)
2.3.3 Global Multi-Parameter Patient Monitoring Equipment Sales Market Share by Region (2016-2027)
2.4 Multi-Parameter Patient Monitoring Equipment Market Estimates and Projections by Region (2022-2027)
3 Global Multi-Parameter Patient Monitoring Equipment by Manufacturers
3.1 Global Top Multi-Parameter Patient Monitoring Equipment Manufacturers by Sales
3.2 Global Top Multi-Parameter Patient Monitoring Equipment Manufacturers by Revenue
3.3 Global Multi-Parameter Patient Monitoring Equipment Price by Manufacturer (2016-2021)
3.4 Competitive Landscape
3.5 Global Multi-Parameter Patient Monitoring Equipment Manufacturing Base Distribution, Product Type
4 Company Profiles
5 Breakdown Data by Type
5.1 Global Multi-Parameter Patient Monitoring Equipment Sales by Type (2016-2027)
5.2 Global Multi-Parameter Patient Monitoring Equipment Revenue Forecast by Type (2016-2027)
5.3 Multi-Parameter Patient Monitoring Equipment Average Selling Price (ASP) by Type (2016-2027)
6 Breakdown Data by Application
6.1 Global Multi-Parameter Patient Monitoring Equipment Sales by Application (2016-2027)
6.2 Global Multi-Parameter Patient Monitoring Equipment Revenue Forecast by Application (2016-2027)
6.3 Multi-Parameter Patient Monitoring Equipment Average Selling Price (ASP) by Application (2016-2027)
7 North America
7.1 North America Multi-Parameter Patient Monitoring Equipment Market Size YoY Growth 2016-2027
7.2 North America Multi-Parameter Patient Monitoring Equipment Market Facts & Figures by Country
7.3 North America Multi-Parameter Patient Monitoring Equipment Sales by Type
7.4 North America Multi-Parameter Patient Monitoring Equipment Sales by Application
8 Asia-Pacific
8.1 Asia-Pacific Multi-Parameter Patient Monitoring Equipment Market Size YoY Growth 2016-2027
8.2 Asia-Pacific Multi-Parameter Patient Monitoring Equipment Market Facts & Figures by Region
8.3 Asia-Pacific Multi-Parameter Patient Monitoring Equipment Sales by Type
8.4 Asia-Pacific Multi-Parameter Patient Monitoring Equipment Sales by Application
9 Europe
9.1 Europe Multi-Parameter Patient Monitoring Equipment Market Size YoY Growth 2016-2027
9.2 Europe Multi-Parameter Patient Monitoring Equipment Market Facts & Figures by Country
9.3 Europe Multi-Parameter Patient Monitoring Equipment Sales by Type
9.4 Europe Multi-Parameter Patient Monitoring Equipment Sales by Application
10 Latin America
10.1 Latin America Multi-Parameter Patient Monitoring Equipment Market Size YoY Growth 2016-2027
10.2 Latin America Multi-Parameter Patient Monitoring Equipment Market Facts & Figures by Country
10.3 Latin America Multi-Parameter Patient Monitoring Equipment Sales by Type
10.4 Latin America Multi-Parameter Patient Monitoring Equipment Sales by Application
11 Middle East and Africa
11.1 Middle East and Africa Multi-Parameter Patient Monitoring Equipment Market Size YoY Growth 2016-2027
11.2 Middle East and Africa Multi-Parameter Patient Monitoring Equipment Market Facts & Figures by Country
11.3 Middle East and Africa Multi-Parameter Patient Monitoring Equipment Sales by Type
11.4 Middle East and Africa Multi-Parameter Patient Monitoring Equipment Sales by Application
12 Supply Chain and Sales Channel Analysis
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Multiparameter Patient Monitoring Market, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
The multiparameter patient monitoring market is anticipated to experience robust expansion by 2027 owing to the increasing prominence of remote monitoring of patient health across the globe. Moreover, advancements in technologies, such as the Internet of Things (IoT), are also expected to support market growth over the forecast timeline. The COVID-19 pandemic has drastically altered the telehealth scenario, urging healthcare providers to expand or adopt connected health platforms as well as tools to accommodate the rising demand for virtual care as patients are unable to seek in-person services. This has bolstered the need for patient monitoring systems worldwide, thereby propelling product adoption.
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