Multiparameter Patient Monitoring System Market Report: Trends, Forecast and Competitive Analysis to 2030

Multiparameter Patient Monitoring System Trends and Forecast

The future of the global multiparameter patient monitoring system market looks promising with opportunities in the hospital, homecare setting, and ambulatory surgical center markets. The global multiparameter patient monitoring system market is expected to reach an estimated $16.7 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing demand for point-of-care monitoring and rising prevalence of chronic diseases.

A more than 150-page report is developed to help in your business decisions.

Multiparameter Patient Monitoring System by Segment

The study includes a forecast for the global multiparameter patient monitoring system by device, age group, end use, and region.

Multiparameter Patient Monitoring System Market by Device [Shipment Analysis by Value from 2018 to 2030]:

• Portable
• Fixed

Multiparameter Patient Monitoring System Market by Age Group [Shipment Analysis by Value from 2018 to 2030]:

• Pediatric
• Adult
• Geriatric

Multiparameter Patient Monitoring System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Homecare Settings
• Ambulatory Surgical Centers
• Others

Multiparameter Patient Monitoring System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Multiparameter Patient Monitoring System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies multiparameter patient monitoring system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the multiparameter patient monitoring system companies profiled in this report include-

• SternMed
• Spacelabs Healthcare
• Koninklijke Philips
• ICU Medical
• GE Healthcare

Multiparameter Patient Monitoring System Market Insights

Lucintel forecasts that portable is expected to witness the higher growth over the forecast period due to its advantages, such as lighter in weight and easy available in a wearable form that gives patients more movement and can be utilised anywhere.

Within this market, hospital will remain the largest segment over the forecast period.

North America is expected to witness highest growth over the forecast period due to existence of robust healthcare infrastructure, availability of favorable reimbursement healthcare policies, and presence of key players in the region.

Features of the Global Multiparameter Patient Monitoring System Market

Market Size Estimates: Multiparameter patient monitoring system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Multiparameter patient monitoring system market size by device, age group, end use, and region in terms of value ($B).

Regional Analysis: Multiparameter patient monitoring system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different devices, age groups, end uses, and regions for the multiparameter patient monitoring system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the multiparameter patient monitoring system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the multiparameter patient monitoring system market size?

Answer: The global multiparameter patient monitoring system market is expected to reach an estimated $16.7 billion by 2030.

Q2. What is the growth forecast for multiparameter patient monitoring system market?

Answer: The global multiparameter patient monitoring system market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the multiparameter patient monitoring system market?

Answer: The major drivers for this market are growing demand for point-of-care monitoring and rising prevalence of chronic diseases.

Q4. What are the major segments for multiparameter patient monitoring system market?

Answer: The future of the multiparameter patient monitoring system market looks promising with opportunities in the hospital, homecare setting, and ambulatory surgical center markets.

Q5. Who are the key multiparameter patient monitoring system market companies?

Answer: Some of the key multiparameter patient monitoring system companies are as follows:

• SternMed
• Spacelabs Healthcare
• Koninklijke Philips
• ICU Medical
• GE Healthcare

Q6. Which multiparameter patient monitoring system market segment will be the largest in future?

Answer: Lucintel forecasts that portable is expected to witness the higher growth over the forecast period due to its advantages, such as lighter in weight and easy available in a wearable form that gives patients more movement and can be utilised anywhere.

Q7. In multiparameter patient monitoring system market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to existence of robust healthcare infrastructure, availability of favorable reimbursement healthcare policies, and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the multiparameter patient monitoring system market by device (portable and fixed), age group (pediatric, adult, and geriatric), end use (hospitals, homecare settings, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?