​​​​​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

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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.

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  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.

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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

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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Multi-parameter Patient Monitoring Equipment Market