Acumen research and consulting estimates that the global multiparameter patient monitoring systems market is anticipated to reach market size of around US$ 13,590 Mn by 2028 and is anticipated to grow at a CAGR of around 3.2% in terms of revenue during the forecast period 2021 - 2028.
Multi-parameter patient monitoring device is a special device which is used to monitor the essential signs of healthy patients. In general, this patient monitoring device is used to track patients in their beds in different hospital departments. Blood pressure, temperature and breathing rate as well as other data are calculated.
Market Insights
The increase in the prevalence in developed as well as emerging regions of chronic diseases like cancer and diabetes is increasing demand for patient care instruments with multi parameters. According, for instance, the WHO has globally diagnosed about 18 million new cancer cases since 2018. Moreover, in developing economies particularly, the prevalence of endocrine disorders, such as diabetes and hyperthyroidism, results in chronic conditions requiring surgery and critical control of vital parameters. In fact, favorable economic developments such as the increasing contagious and disease-prone geriatric population have had a positive effect on the development of the market. Increases awareness tools in developing countries such as India and China will boost industry growth in the foreseeable future in terms of the accessibility of technologically advanced multi parameter monitoring systems. Government programs in developing countries increase doctors' understanding of the availability of effective multiparameter monitoring equipment to enable faster patient recovery. The government in developing countries Developing regions are therefore cost responsive and therefore policy and regulatory authorities take a range of steps to lower the price of multi-parameter monitors to address the issue of affordability and to support market production. However, strict regulatory conditions can in certain ways hinder the growth of the multiparameter market.
Multi-parameter patient monitoring devices have a number of recalls of recent products that are a significant constraint for the world market. Every product recall has raised the sense of brand uncertainty for customers and has contributed to several major corporations being disqualified. With greater penetration into developed economies worldwide, the growth rate of the multiparameter patient monitoring market is maintained.
Government Initiatives to Raise Awareness Regarding Advanced Multiparameters Drives the Market Growth
Increasing recognition of the availability in emerging countries such as India and China of innovative patient tracking technologies promotes business growth. In order to enable patients to recover more quickly, governments in developed countries are introducing many programs to increase doctor awareness about the availability of effective multiparameter monitoring instruments. Developing regions are market-sensitive, with many measures pursued by government and regulators to reduce the price of multiparameters. Strict regulatory conditions, however, impede business development.
In 2020, North America was the largest market and represented 41.0% of its market share. The strong presence in the region of leading companies, including Masimo Corporation and Medtronic plc. In addition, the high prevalence of chronic diseases, in particular in the United States, can boost demand for the product. In the forecast period, Asia Pacific is expected to record the fastest CAGR. The increased demand for online patient control and associated facilities is projected to fuel business growth due to rising public healthcare expenses. China is also the leading supplier of inexpensive electronic chips and products, which will draw buyers, adding to the growth of the industry.
Impact of COVID-19
The humanitarian crisis of COVID-19 has impacted nearly three million people around the world, with hundreds of thousands losing their lives. Contact us for more information. With an unprecedented demand for different multiparameter patient monitoring equipment, the COVID-19 crisis put the medical devices industry at the top of the list. The dramatic drop in the supply chain also affects the market for patient monitoring devices. There is provision for an increase in demand for some of the patient monitoring devices, such as respiratory control equipment.
Key Players
Major players included in this report are KizlonMedical, Epsimed, Mediana, Medion Healthcare, Mindray, Medtronics, Opto India, OSI Systems, Skanray Technologies, Philips Healthcare, Spacehealth Labs, VOTEM, and others. Multiparameter patient monitoring market was introduced in the 1960s and has grown significantly over the past few years, despite the introduction of physiological control. At the beginning of the '60s, patient monitors were introduced in ICU rooms which were able to analyze main parameters. Technicon Information Medical System was developed for the first time in 1965. Subsequently, key players in industry such as Medtronic, Philips and GE Healthcare incorporated advanced technology into multiparameter patient monitoring devices which allowed accurate and efficient patient monitoring on a variety of parameters. Organizations also have complementary tools and applications for the interpretation of monitors' knowledge. While the market is maturing, in this industry, companies are trying to innovate by creating product distinction. This scenario also helped replacing traditional tracked single parameter systems with modern technically innovative patient tracking devices, which proved to be helpful to the development of the industry.
The global multiparameter patient monitoring systems market is segmented as below:
Market Segmentation
Multiparameter Patient Monitoring Systems Market By Product
DCG Monitor
Intracranial Pressure Monitor
Cardiac Defibrillator Monitors
Multiparameter Patient Monitoring Systems Market By Acuity Level
High Acuity Level
Medium Acuity Level
Low Acuity Level
Multiparameter Patient Monitoring Systems Market By Target Area
Cardiology
Neurology
Respiratory
Fetal & Neonatal
Weight Monitoring
Temperature Monitoring
Remote Monitoring
Others
Multiparameter Patient Monitoring Systems Market By End User
Hospitals
Homecare Settings
Specialty Clinics
Multiparameter Patient Monitoring Systems Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1.Industry Overview of Multiparameter Patient Monitoring Systems
1.1.Definition and Scope
1.1.1.Definition of Multiparameter Patient Monitoring Systems
1.1.2.Market Segmentation
1.1.3.Years Considered for the Study
1.1.4.Assumptions and Acronyms Used
1.1.4.1.Market Assumptions and Market Forecast
1.1.4.2.Acronyms Used in Global Multiparameter Patient Monitoring Systems Market
1.2.Summary
1.2.1.Executive Summary
1.2.2.Multiparameter Patient Monitoring Systems Market By Product
1.2.3.Multiparameter Patient Monitoring Systems Market By Acuity Level
1.2.4.Multiparameter Patient Monitoring Systems Market By Target Area
1.2.5.Multiparameter Patient Monitoring Systems Market By End User
1.2.6.Multiparameter Patient Monitoring Systems Market by Regions
CHAPTER 2.Research Approach
2.1.Methodology
2.1.1.Research Programs
2.1.2.Market Size Estimation
2.1.3.Market Breakdown and Data Triangulation
2.2.Data Source
2.2.1.Secondary Sources
2.2.2.Primary Sources
CHAPTER 3.Market Dynamics And Competition Analysis
3.1.Market Drivers
3.1.1.Driver 1
3.1.2.Driver 2
3.2.Restraints and Challenges
3.2.1.Restrain 1
3.2.2.Restrain 2
3.3.Growth Opportunities
3.3.1.Opportunity 1
3.3.2.Opportunity 2
3.4.Porter’s Five Forces Analysis
3.4.1.Bargaining Power of Suppliers
3.4.2.Bargaining Power of Buyers
3.4.3.Threat of Substitute
3.4.4.Threat of New Entrants
3.4.5.Degree of Competition
3.5.Regulatory Compliance
3.6.Competitive Landscape, 2020
3.6.1.Player Positioning Analysis
3.6.2.Key Strategies Adopted By Leading Players
CHAPTER 4.Multiparameter Patient Monitoring Systems Market By Product
4.1.Introduction
4.2.Multiparameter Patient Monitoring Systems Revenue By Product
4.2.1.Multiparameter Patient Monitoring Systems Revenue (US$ Mn) and Forecast, By Product, 2017-2028
4.2.2.DCG Monitor
4.2.2.1.DCG Monitor Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
4.2.3.Intracranial Pressure Monitor
4.2.3.1.Intracranial Pressure Monitor Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
4.2.4.Cardiac Defibrillator Monitors
4.2.4.1.Cardiac Defibrillator Monitors Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 5.Multiparameter Patient Monitoring Systems Market Revenue By Acuity Level
5.1.Introduction
5.2.Multiparameter Patient Monitoring Systems Revenue (US$ Mn) By Acuity Level
5.2.1.Multiparameter Patient Monitoring Systems Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
5.2.2.High Acuity Level
5.2.2.1.High Acuity Level Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.3.Medium Acuity Level
5.2.3.1.Medium Acuity Level Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.4.Low Acuity Level
5.2.4.1.Low Acuity Level Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 6.Multiparameter Patient Monitoring Systems Market By Target Area
6.1.Introduction
6.2.Multiparameter Patient Monitoring Systems Revenue (US$ Mn) By Target Area
6.2.1.Multiparameter Patient Monitoring Systems Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
6.2.2.Cardiology
6.2.2.1.Cardiology Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.3.Neurology
6.2.3.1.Neurology Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.4.Respiratory
6.2.4.1.Respiratory Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.5.Fetal & Neonatal
6.2.5.1.Fetal & Neonatal Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.6.Weight Monitoring
6.2.6.1.Weight Monitoring Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.7.Temperature Monitoring
6.2.7.1.Temperature Monitoring Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.8.Remote Monitoring
6.2.8.1.Remote Monitoring Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.9.Others
6.2.9.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 7.Multiparameter Patient Monitoring Systems Market By End User
7.1.Introduction
7.2.Multiparameter Patient Monitoring Systems Revenue (US$) By End User
7.2.1.Multiparameter Patient Monitoring Systems Revenue (US$ Mn) and Forecast By End User, 2017-2028
7.3.Hospitals
7.3.1.Hospitals Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.4.Homecare Settings
7.4.1.Homecare Settings Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.5.Specialty Clinics
7.5.1.Specialty Clinics Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 8.North America Multiparameter Patient Monitoring Systems Market By Country
8.1.North America Multiparameter Patient Monitoring Systems Overview
8.2.U.S.
8.2.1.U.S. Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
8.2.2.U.S. Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
8.2.3.U.S. Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
8.2.4.U.S. Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
8.3.Canada
8.3.1.Canada Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
8.3.2.Canada Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
8.3.3.Canada Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
8.3.4.Canada Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
8.4.North America PEST Analysis
CHAPTER 9.Europe Multiparameter Patient Monitoring Systems Market By Country
9.1.Europe Multiparameter Patient Monitoring Systems Market Overview
9.2.U.K.
9.2.1.U.K. Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.2.2.U.K. Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
9.2.3.U.K. Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
9.2.4.U.K. Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
9.3.Germany
9.3.1.Germany Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.3.2.Germany Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
9.3.3.Germany Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
9.3.4.Germany Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
9.4.France
9.4.1.France Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.4.2.France Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
9.4.3.France Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
9.4.4.France Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
9.5.Spain
9.5.1.Spain Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.5.2.Spain Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
9.5.3.Spain Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
9.5.4.Spain Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
9.6.Rest of Europe
9.6.1.Rest of Europe Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.6.2.Rest of Europe Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
9.6.3.Rest of Europe Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
9.6.4.Rest of Europe Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
9.7.Europe PEST Analysis
CHAPTER 10.Asia Pacific Multiparameter Patient Monitoring Systems Market By Country
10.1.Asia Pacific Multiparameter Patient Monitoring Systems Market Overview
10.2.China
10.2.1.China Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.2.2.China Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
10.2.3.China Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
10.2.4.China Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
10.3.Japan
10.3.1.Japan Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.3.2.Japan Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
10.3.3.Japan Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
10.3.4.Japan Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
10.4.India
10.4.1.India Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.4.2.India Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
10.4.3.India Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
10.4.4.India Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
10.5.Australia
10.5.1.Australia Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.5.2.Australia Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
10.5.3.Australia Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
10.5.4.Australia Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
10.6.South Korea
10.6.1.South Korea Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.6.2.South Korea Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
10.6.3.South Korea Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
10.6.4.South Korea Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
10.7.Rest of Asia-Pacific
10.7.1.Rest of Asia-Pacific Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.7.2.Rest of Asia-Pacific Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
10.7.3.Rest of Asia-Pacific Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
10.7.4.Rest of Asia-Pacific Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
10.8.Asia Pacific PEST Analysis
CHAPTER 11.Latin America Multiparameter Patient Monitoring Systems Market By Country
11.1.Latin America Multiparameter Patient Monitoring Systems Market Overview
11.2.Brazil
11.2.1.Brazil Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
11.2.2.Brazil Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
11.2.3.Brazil Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
11.2.4.Brazil Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
11.3.Mexico
11.3.1.Mexico Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
11.3.2.Mexico Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
11.3.3.Mexico Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
11.3.4.Mexico Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
11.4.Rest of Latin America
11.4.1.Rest of Latin America Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
11.4.2.Rest of Latin America Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
11.4.3.Rest of Latin America Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
11.4.4.Rest of Latin America Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
CHAPTER 12.Middle East & Africa Multiparameter Patient Monitoring Systems Market By Country
12.1.Middle East & Africa Multiparameter Patient Monitoring Systems Market Overview
12.2.Saudi Arabia
12.2.1.Saudi Arabia Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
12.2.2.Saudi Arabia Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
12.2.3.Saudi Arabia Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
12.2.4.Saudi Arabia Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
12.3.UAE
12.3.1.UAE Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
12.3.2.UAE Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
12.3.3.UAE Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
12.3.4.UAE Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
12.4.Rest of Middle East & Africa
12.4.1.Rest of Middle East & Africa Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
12.4.2.Rest of Middle East & Africa Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Acuity Level, 2017-2028
12.4.3.Rest of Middle East & Africa Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By Target Area, 2017-2028
12.4.4.Rest of Middle East & Africa Multiparameter Patient Monitoring Systems Market Revenue (US$ Mn) and Forecast By End User, 2017-2028
CHAPTER 13.Player Analysis Of Multiparameter Patient Monitoring Systems
13.1.Multiparameter Patient Monitoring Systems Market Company Share Analysis
13.2.Competition Matrix
13.2.1.Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2.New Product Launches and Product Enhancements
13.2.3.Mergers And Acquisition In Global Multiparameter Patient Monitoring Systems Market
13.2.4.Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14.Company Profile
14.1.KizlonMedical
14.1.1.Company Snapshot
14.1.2.Business Overview
14.1.3.Financial Overview
14.1.3.1.Revenue (US$ Mn), 2020
14.1.3.2.KizlonMedical 2020 Multiparameter Patient Monitoring Systems Business Regional Distribution
14.1.4.Product/ Service and Specification
14.1.5.Recent Developments & Business Strategy
14.1.6.Manufacturing Plant Footprint Analysis
14.2.Epsimed
14.3.Mediana
14.4.Medion Healthcare
14.5.Mindray, Medtronics
14.6.Opto India
14.7.OSI Systems
14.8.Skanray Technologies
14.9.Philips Healthcare
14.10.Spacehealth Labs
14.11.VOTEM
14.12.Others
