Global Multi-Parameter Patient Monitoring Equipment Market is estimated to grow at a CAGR of 4.4% during 2015 - 2023

The Global multi-parameter patient monitoring equipment market is estimated to grow at a CAGR of 4.4% during the period between 2015 and 2023. The report, titled “Multi-parameter Patient Monitoring Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023”, expects the global multi-parameter patient monitoring equipment market to be valued at US$4.6 bn by 2023. The overall market was worth US$3.1 bn in 2014.

Multi-parameter patient monitoring allows monitoring of patient’s health and helps medical practitioners to decide the treatment regimen as well as track the disease progression during treatment. Multi-parameter patient monitoring is especially effective in the management of post-acute care and chronic diseases. The report points out that the constant rise in the incidence of chronic diseases, accompanied with technological advancements in multi-parameter patient monitors, has augmented the growth of the global multi-parameter patient monitoring equipment market. Remote and home monitoring are expected to further boost the mid-acuity and low-acuity patient monitors market. However, the report mentions that frequent product recalls have led to confusion and incredulity. The global multi-parameter patient monitoring equipment market has a huge potential to grow in emerging economies.

On the basis of acuity level, the report segments the global multi-parameter patient monitoring equipment market into high-acuity monitors, mid-acuity monitors, and low-acuity monitors. In 2014, high-acuity monitors segment accounted for more than 40% of the market owing to the rapidly increasing demand from intensive care units. However, during the forecast horizon, the low-acuity monitors segment is expected to grow at the fastest rate, due to growing need for ambulatory and transport monitoring services. Low-acuity monitors are cost-effective, which has led to their increased demand. According to end users, the report categorizes the global multi-parameter patient monitoring equipment market into hospitals and home health care. The hospitals segment dominated the overall multi-parameter patient monitoring equipment market in 2014 owing to the increase in the number of critically ill patients, which has led to an increase in the number of hospital beds across the globe. During the forecast period, the home healthcare segment is expected to witness rapid growth due to growing awareness about cost-effectiveness and convenience of easy-to-use and portable monitors. The growing geriatric population and increasing physician acceptance of home care will further augment the growth of the segment. 

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The report studies the global multi-parameter patient monitoring equipment market across Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. North America accounted for the largest share in the market in 2014. Adoption of advanced medical device technology and strong government support in terms of investment have led to the growth of the multi-parameter patient monitoring equipment market in the region. However, during the forecast horizon, Asia Pacific is estimated to display robust growth due to the large population in countries such as China, South Korea, Malaysia, Australia, Japan, and India suffering from chronic cardiovascular and respiratory illnesses. The report profiles some of the key players in the global multi-parameter patient monitoring equipment market, such as Spacelabs Healthcare, Mindray Medical International Limited, GE Healthcare, Philips Healthcare, Nihon Kohden Corporation, CAS Medical Systems Inc., Guangdong Biolight Meditech Co. Ltd., and Schiller AG.

Browse the full Multi-parameter Patient Monitoring Equipment Market (Acuity-level: High-acuity, Mid-acuity, and Low-acuity Monitors; End-users: Hospitals and Home Health Care) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/multi-parameter-patient-monitoring-equipment.html

The market has been segmented as below:

Multi-parameter Patient Monitoring Equipment Market, by Acuity-level

• High-acuity Monitors
• Mid-acuity Monitors
• Low-acuity Monitors

Multi-parameter Patient Monitoring Equipment Market, by End-users

• Hospitals
• Home Health Care

Multi-parameter Patient Monitoring Equipment Market, by Geography

• North America
  • U.S.
  • Canada

• Europe
  • Germany
  • U.K.
  • Rest of Europe

• Asia Pacific (APAC)
  • China
  • India
  • Rest of APAC

• Latin America (LATAM)
  • Brazil
  • Mexico
  • Rest of LATAM

• Middle East and Africa (MEA)
  • United Arab Emirates
  • Rest of MEA

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