Multi-parameter Patient Monitoring Equipment Market

Multi-parameter Patient Monitoring Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027

​​​​​The rising demand for early identification and treatment of chronic illnesses, as well as the high demand for real-time patient monitors in CCUs (critical care units) are likely to bolster growth of the global multi-parameter patient monitoring equipment market. The need to make smarter clinical decisions on the spot, and the need to record variations in a patient's condition at every phase, are all expected to drive sales in the global market. The coronavirus pandemic wreaked havoc on markets throughout the world, plunging countries into financial meltdown.

Multi-parameter patient monitors are commonly utilized in both in-patient wards as well as intensive care units (ICU) to improve healthcare quality. Critically sick patients require constant monitoring, particularly in emergency rooms, because the physiological response to severe illness is significantly connected to the prognosis. The use of multi-parameter monitors to track critically sick patients enables for the evaluation of physiological reserves as well as the efficiency of treatment measures.

The advancements in wearable devices as well as medical telemetry wireless communication technologies have broadened the spectrum of monitoring solutions for patients both inside and outside the hospital. These technical improvements allow for the rapid recording and transmission of data from a patient's device to a healthcare practitioner, reducing the time required for diagnoses and management. Such breakthroughs are expected to work in favor of the global multi-parameter patient monitoring equipment market in the years to come.

The development of wireless networks in the healthcare industry, such as Medical Body Area Networks (MBAN) and Radio Frequency Identification (RFID), has transformed patient health diagnostic processes sans any inconvenience due to its wireless architecture. This is used to keep track of body temperature, blood pressure, heart rate, and oxygen levels.

Single-use portable gadgets have expanded patient freedom while also lowering the expense of frequent hospital visits. The need for such portable, easy-to-use gadgets is growing on the back of growing demand for home-based medical treatments for the senior population.

Furthermore, the increasing incidence of chronic illnesses and the implementation of supporting reimbursement systems are key drivers of market expansion in North America region.

  • According to Transparency Market Research’s latest report on the global multi-parameter patient monitoring equipment market for the historical period 2017–2018 and forecast period 2019–2027. The global multi-parameter patient monitoring equipment market is driven by increase in prevalence of chronic pain, and rise in demand for home monitoring.
  • According to the report, the global multi-parameter patient monitoring equipment market was valued at US$ 3.8 Bn in 2018 and is anticipated to expand at a CAGR of 3.7% from 2019 to 2027

Constant Rise in Incidence of Chronic Diseases: Key Driver

  • Increasing incidence of chronic conditions across the world is one of the key drivers of the growth of the multi-parameter patient monitoring equipment market, as conditions such as asthma, hypertension, diabetes, and other cardiovascular and respiratory diseases demand regular and continuous monitoring. Early diagnosis and monitoring of patients is essential to identify, treat, and control the severity of these diseases. Therefore, rising base of target patient population would act as a driver of the market.
  • According to the U.S. Census Bureau, around 89 million people would be aged over 65 years in the U.S. by 2050. Furthermore, around 40% people in Japan would be aged over 65 years by 2060. This rapid increase in the geriatric population is likely to more prone towards the chronic diseases.

  Frequent Product Recalls Lead to Confusion and Incredulity: Restraints

  • The multi-parameter patient monitoring equipment market has witnessed several product recalls in the past, due various reasons, such as incorrect readings and defective alarm systems. A number of renowned manufacturers of multi-parameter patient monitors have recalled their products for some technical reasons/shortcomings.  
  • Recently, in May 2015, the U.S. Food and Drug Administration (FDA) issued a notice to Mindray USA for the recall of multi-parameter patient monitor with arrhythmia detection and alarm system. The reason for the recall was the inability of the monitors to display arrhythmia alarms due to communication loss, restart, etc.
  • Similarly, Phillips Healthcare in U.S. recalled its MX series of patient monitors over the issues of battery and power consumption in March 2018

Global Multi-parameter Patient Monitoring Equipment Market: Competitive Landscape

  • This report profiles major players operating in the global multi-parameter patient monitoring equipment market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global multi-parameter patient monitoring equipment market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global multi-parameter patient monitoring equipment market include
    • Philips Healthcare
    • GE Healthcare
    • Drägerwerk AG & Co. KGaA
    • Nihon Kohden Corporation
    • Spacelabs Healthcare
    • CAS Medical Systems, Inc.
    • CONTEC MEDICAL SYSTEMS CO., LTD.
    • Guangdong Biolight Meditech Co., Ltd.
    • Mindray Medical International Limited
    • Schiller AG.

Global Multi-parameter Patient Monitoring Equipment Market: Key Developments

Key players in the global multi-parameter patient monitoring equipment market are engaged in regulatory approvals, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global multi-parameter patient monitoring equipment market. A few expansion strategies adopted by players operating in the global multi-parameter patient monitoring equipment market are:

  • In December, 2019, Nihon Kohden Corporation launched its Life Scope SVM-7200 series vital sign monitors in the U.S. for outpatient facilities  
  • In January 2015, Schiller AG and VISUS, a leading supplier of image management solutions, entered into a constructive technology partnership. This partnership would optimize the integration and display of ECG data in the image data management system (JiveX Medical Archive).
  • In March 2014, Nihon Kohden Corporation announced the establishment of a sales subsidiary named Nihon Kohden Latin America S.A.S. in order to expand sales across Mexico, Central America, South America, and the Caribbean. The new sales subsidiary supports the local distributors and strengthens the sales network in Central and South America.  

The report on the global multi-parameter patient monitoring equipment market discussed individual strategies, followed by company profiles of manufacturers of multi-parameter patient monitoring equipment. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global multi-parameter patient monitoring equipment market.

Global Multi-parameter Patient Monitoring Equipment Market - Segmentation

Acuity Level

High-acuity Monitors

Mid-acuity Monitors

Low-acuity Monitors

End-user

Hospitals

Home Health Care

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Frequently Asked Questions

What is the total market worth of multi-parameter patient monitoring equipment market?

Multi-parameter patient monitoring equipment market to reach US$ 5.3 Bn by 2027

What is the anticipated CAGR of the multi-parameter patient monitoring equipment market in the forecast period?

Multi-parameter patient monitoring equipment market is anticipated to expand at a CAGR of 3.7% from 2019 to 2027

What are the key driving factors for the growth of the multi-parameter patient monitoring equipment market?

Multi-parameter patient monitoring equipment market is driven by increasing incidence of chronic conditions across the world

Which region is expected to project the highest market share in the global multi-parameter patient monitoring equipment market?

North America accounted for major share of the global multi-parameter patient monitoring equipment market

Who are the key players in the multi-parameter patient monitoring equipment market?

Key players in the global multi-parameter patient monitoring equipment market include Philips Healthcare, GE Healthcare, Drägerwerk AG & Co. KGaA, Nihon Kohden Corporation, Spacelabs Healthcare

    Chapter 1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    Chapter 2. Assumptions and Research Methodology

    Chapter 3. Executive Summary : Global Multi-parameter Patient Monitoring Equipment Market 

    Chapter 4. Market Overview

        4.1. Introduction

            4.1.1. Acuity Level Overview

            4.1.2. Industry Evolution / Developments

        4.2. Market Dynamics 

            4.2.1. Drivers

            4.2.2. Restraints

            4.2.3. Opportunities

        4.3. Global Multi-parameter Patient Monitoring Equipment Market Outlook 

        4.4. Global Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast,  2017–2027 

    Chapter 5. Market Overview

        5.1. Porter’s Five Force Analysis

        5.2. Regulatory Framework

    Chapter 6. Global Multi-parameter Patient Monitoring Equipment Market Analysis and Forecasts, By Acuity Level 

        6.1. Key Findings / Developments

        6.2. Introduction & Definition

        6.3. Market Value Forecast By Acuity Level, 2017–2027

            6.3.1. High-acuity Monitors

            6.3.2. Mid-acuity Monitors

            6.3.3. Low-acuity Monitors

        6.4. Market Attractiveness By Acuity Level

    Chapter 7. Global Multi-parameter Patient Monitoring Equipment Market Analysis and Forecasts, By End-user

        7.1. Key Findings / Developments

        7.2. Introduction & Definition

        7.3. Market Value Forecast By End-user, 2017–2027

            7.3.1. Hospitals

            7.3.2. Home Health Care

        7.4. Market Attractiveness By End-user

    Chapter 8. Global Multi-parameter Patient Monitoring Equipment Market Analysis and Forecasts, By Geography/Region 

        8.1. Geographical Representation

        8.2. Market Value Forecast By Region

            8.2.1. North America 

            8.2.2. Europe 

            8.2.3. Asia Pacific 

            8.2.4. Latin America 

            8.2.5. Middle East & Africa 

        8.3. Market Attractiveness By Region

    Chapter 9. North America Multi-parameter Patient Monitoring Equipment Market Analysis and Forecast 

        9.1. Market Value Forecast By Country , 2017–2027

            9.1.1. U.S.

            9.1.2. Canada

        9.2. Market Value Forecast By Acuity Level, 2017–2027

        9.3. Market Value Forecast By End-user, 2017–2027

        9.4. Market Attractiveness Analysis

            9.4.1. By Country

            9.4.2. By Acuity Level

            9.4.3. By End-user

    Chapter 10. Europe Multi-parameter Patient Monitoring Equipment Market Analysis and Forecast 

        10.1. Market Value Forecast By Country , 2017–2027

            10.1.1. Germany

            10.1.2. France

            10.1.3. U.K.

            10.1.4. Spain

            10.1.5. Italy

            10.1.6. Rest of Europe

        10.2. Market Value Forecast By Acuity Level, 2017–2027

        10.3. Market Value Forecast By End-user, 2017–2027

        10.4. Market Attractiveness Analysis

            10.4.1. By Country

            10.4.2. By Acuity Level

            10.4.3. By End-user

    Chapter 11. Asia Pacific Multi-parameter Patient Monitoring Equipment Market Analysis and Forecast 

        11.1. Market Value Forecast By Country , 2017–2027

            11.1.1. China

            11.1.2. Japan

            11.1.3. India

            11.1.4. Australia & New Zealand

            11.1.5. Rest of APAC

        11.2. Market Value Forecast By Acuity Level, 2017–2027

        11.3. Market Value Forecast By End-user, 2017–2027

        11.4. Market Attractiveness Analysis

            11.4.1. By Country

            11.4.2. By Acuity Level

            11.4.3. By End-user

    Chapter 12. Latin America Multi-parameter Patient Monitoring Equipment Market Analysis and Forecast 

        12.1. Market Value Forecast By Country, 2017–2027

            12.1.1. Brazil

            12.1.2. Mexico

            12.1.3. Rest of LATAM

        12.2. Market Value Forecast By Acuity Level, 2017–2027

        12.3. Market Value Forecast By End-user, 2017–2027

        12.4. Market Attractiveness Analysis

            12.4.1. By Country

            12.4.2. By Acuity Level

            12.4.3. By End-user

    Chapter 13. Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Analysis and Forecast 

        13.1. Market Value Forecast By Country , 2017–2027

            13.1.1. GCC Countries

            13.1.2. South Africa

            13.1.3. Israel

            13.1.4. Rest of MEA

        13.2. Market Value Forecast By Acuity Level, 2017–2027

        13.3. Market Value Forecast By End-user, 2017–2027

        13.4. Market Attractiveness Analysis

            13.4.1. By Country

            13.4.2. By Acuity Level

            13.4.3. By End-user

    Chapter 14. Competition Landscape

        14.1. Competition Matrix

            14.1.1. CAS Medical Systems, Inc.

            14.1.2. Contec Medical Systems Co., Ltd

        14.2. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)

            14.2.1. CAS Medical Systems, Inc.

                14.2.1.1. Company Details

                14.2.1.2. Company Description

                14.2.1.3. Business Overview

                14.2.1.4. SWOT Analysis

                14.2.1.5. Financial Analysis

                14.2.1.6. Strategic Overview

            14.2.2. Contec Medical Systems Co., Ltd

                14.2.2.1. Company Details

                14.2.2.2. Company Description

                14.2.2.3. Business Overview

                14.2.2.4. SWOT Analysis

                14.2.2.5. Strategic Overview

            14.2.3. Dragerwerk AG & Co. KGaA

                14.2.3.1. Company Details

                14.2.3.2. Company Description

                14.2.3.3. Business Overview

                14.2.3.4. SWOT Analysis

                14.2.3.5. Strategic Overview

            14.2.4. Guangdong Biolight Meditech Co., Ltd

                14.2.4.1. Company Details

                14.2.4.2. Company Description

                14.2.4.3. Business Overview

                14.2.4.4. SWOT Analysis

                14.2.4.5. Strategic Overview

            14.2.5. GE Healthcare

                14.2.5.1. Company Details

                14.2.5.2. Company Description

                14.2.5.3. Business Overview

                14.2.5.4. SWOT Analysis

                14.2.5.5. Financial Analysis

                14.2.5.6. Strategic Overview

            14.2.6. Mindray Medical International Limited

                14.2.6.1. Company Details

                14.2.6.2. Company Description

                14.2.6.3. Business Overview

                14.2.6.4. SWOT Analysis

                14.2.6.5. Financial Analysis

                14.2.6.6. Strategic Overview

            14.2.7. Nihon Kohden Corporation

                14.2.7.1. Company Details

                14.2.7.2. Company Description

                14.2.7.3. Business Overview

                14.2.7.4. SWOT Analysis

                14.2.7.5. Financial Analysis

                14.2.7.6. Strategic Overview

            14.2.8. Koninklijke Philips N.V.

                14.2.8.1. Company Details

                14.2.8.2. Company Description

                14.2.8.3. Business Overview

                14.2.8.4. SWOT Analysis

                14.2.8.5. Financial Analysis

                14.2.8.6. Strategic Overview

            14.2.9. Schiller AG.

                14.2.9.1. Company Details

                14.2.9.2. Company Description

                14.2.9.3. Business Overview

                14.2.9.4. SWOT Analysis

                14.2.9.5. Strategic Overview

            14.2.10. Spacelabs Healthcare

                14.2.10.1. Company Details

                14.2.10.2. Company Description

                14.2.10.3. Business Overview

                14.2.10.4. SWOT Analysis

                14.2.10.5. Strategic Overview

     

    List of Tables

    Table 01: Global Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by Acuity Level, 2017–2027

    Table 02: Global Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 03: Global Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by Region, 2017–2027

    Table 04: North America Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by Acuity Level, 2017–2027

    Table 05: North America Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 06: North America Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2027

    Table 07: Europe Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by Acuity Level, 2017–2027

    Table 08: Europe Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 09: Europe Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2027

    Table 10: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by Acuity Level, 2017–2027

    Table 11: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 12: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2027

    Table 13: Latin America Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by Acuity Level, 2017–2027

    Table 14: Latin America Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 15: Latin America Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2027

    Table 16: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by Acuity Level, 2017–2027

    Table 17: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, by End-user, 2017–2027

    Table 18: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2027

    List of Figure

    Figure 01: Global Multi-parameter Patient Monitoring Equipment Market Value (US$ Mn) Forecast, 2017–2027

    Figure 02: Global Multi-parameter Patient Monitoring Equipment Market Value Share, by Acuity Level , 2018

    Figure 03: Global Multi-parameter Patient Monitoring Equipment Market Value Share, by End-user, 2018

    Figure 04: Global Multi-parameter Patient Monitoring Equipment Market Value Share,  by Region, 2018

    Figure 05: Global Multi-parameter Patient Monitoring Equipment Market Value Share Analysis, by Acuity Level, 2018 and 2020

    Figure 06: Global Multi-parameter Patient Monitoring Equipment Market Revenue (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by High-acuity Monitors, 2017–2027

    Figure 07: Global Multi-parameter Patient Monitoring Equipment Market Revenue (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Mid-acuity Monitors, 2017–2027

    Figure 08: Global Multi-parameter Patient Monitoring Equipment Market Revenue (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Low-acuity Monitors, 2017–2027

    Figure 09: Global Multi-parameter Patient Monitoring Equipment Market Attractiveness, by Acuity Level , 2019–2027

    Figure 10: Global Multi-parameter Patient Monitoring Equipment Market Value Share Analysis, by End-user, 2018 and 2020

    Figure 11: Global Multi-parameter Patient Monitoring Equipment Market Revenue (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Hospitals, 2017–2027

    Figure 12: Global Multi-parameter Patient Monitoring Equipment Market Revenue (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Home Health Care, 2017–2027

    Figure 13: Global Multi-parameter Patient Monitoring Equipment Market Attractiveness, by End-user , 2019–2027

    Figure 14: Global Multi-parameter Patient Monitoring Equipment Market Value Share, by Region, 2018 and 2027

    Figure 15: Global Multi-parameter Patient Monitoring Equipment Market Attractiveness, by Region, 2019-2027

    Figure 16: North America Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 16: North America Multi-parameter Patient Monitoring Equipment Market Value Share, by Acuity Level , 2018 and 2027

    Figure 18: North America Multi-parameter Patient Monitoring Equipment Market Attractiveness, by Acuity Level , 2019–2027

    Figure 19: North America Multi-parameter Patient Monitoring Equipment Market Value Share, by End-user, 2018 and 2027

    Figure 20: North America Multi-parameter Patient Monitoring Equipment Market Attractiveness, by End-user, 2019–2027

    Figure 21: North America Multi-parameter Patient Monitoring Equipment Market Value Share Analysis, by Country, 2018 and 2027

    Figure 22: North America Multi-parameter Patient Monitoring Equipment Market Attractiveness Analysis, by Country, 2019–2027

    Figure 23: Europe Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 24: Europe Multi-parameter Patient Monitoring Equipment Market Value Share, by Acuity Level , 2018 and 2027

    Figure 25: Europe Multi-parameter Patient Monitoring Equipment Market Attractiveness, by Acuity Level , 2019–2027

    Figure 26: Europe Multi-parameter Patient Monitoring Equipment Market Value Share, by End-user, 2018 and 2027

    Figure 27: Europe  Multi-parameter Patient Monitoring Equipment Market Attractiveness, by End-user, 2019–2027

    Figure 28: Europe Multi-parameter Patient Monitoring Equipment Market Value Share Analysis, by Country, 2018 and 2027

    Figure 29: Europe Multi-parameter Patient Monitoring Equipment Market Attractiveness Analysis, by Country/Sub-region, 2019–2027

    Figure 30: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 31: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Value Share, by Acuity Level , 2018 and 2027

    Figure 32: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Attractiveness, by Acuity Level , 2019–2027

    Figure 33: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Value Share, by End-user, 2018 and 2027

    Figure 34: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Attractiveness, by End-user, 2019–2027

    Figure 35: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Value Share Analysis, by Country, 2018 and 2027

    Figure 36: Asia Pacific Multi-parameter Patient Monitoring Equipment Market Attractiveness Analysis, by Country, 2019–2027

    Figure 37: Latin America Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 38: Latin America Multi-parameter Patient Monitoring Equipment Market Value Share, by Acuity Level , 2018 and 2027

    Figure 39: Latin America Multi-parameter Patient Monitoring Equipment Market Attractiveness, by Acuity Level, 2019–2027

    Figure 40: Latin America Multi-parameter Patient Monitoring Equipment Market Value Share, by End-user, 2018 and 2027

    Figure 41: Latin America Multi-parameter Patient Monitoring Equipment Market Attractiveness, by End-user, 2019–2027

    Figure 42: Latin America Multi-parameter Patient Monitoring Equipment Market Value Share Analysis, by Country, 2018 and 2027

    Figure 43: Latin America Multi-parameter Patient Monitoring Equipment Market Attractiveness Analysis, by Country/Sub-region, 2019–2027

    Figure 44: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2027

    Figure 45: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Value Share, by Acuity Level, 2018 and 2027

    Figure 46: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Attractiveness, by Acuity Level , 2019–2027

    Figure 47: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Value Share, by End-user, 2018 and 2027

    Figure 48: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Attractiveness, by End-user, 2019–2027

    Figure 49: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Value Share Analysis, by Country, 2018 and 2027

    Figure 50: Middle East & Africa Multi-parameter Patient Monitoring Equipment Market Attractiveness Analysis, by Country, 2019–2027

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