• 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.

TMR’s report on the global multi-parameter patient monitoring equipment market studies past as well as current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global multi-parameter patient monitoring equipment market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global multi-parameter patient monitoring equipment market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ Acuity Level literature, annual reports, press releases, and relevant documents to understand the global multi-parameter patient monitoring equipment market.

Secondary research also included internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global multi-parameter patient monitoring equipment market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global multi-parameter patient monitoring equipment market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global multi-parameter patient monitoring equipment market.

The report delves into the competitive landscape of the global multi-parameter patient monitoring equipment market. Key players operating in the global multi-parameter patient monitoring equipment market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global multi-parameter patient monitoring equipment market that have been profiled in this report.

Key Questions Answered in Global Multi-parameter Patient Monitoring Equipment Market Report

  • What is the scope of growth of product type companies in the global multi-parameter patient monitoring equipment market?
  • What will be the Y-o-Y growth of the global multi-parameter patient monitoring equipment market between 2019 and 2027?
  • What is the influence of changing trends in usage patterns on the global multi-parameter patient monitoring equipment market?
  • Will North America continue to be the most profitable market for multi-parameter patient monitoring equipment providers?
  • Which factors are anticipated to hamper the growth of the global multi-parameter patient monitoring equipment market during the forecast period?
  • Which are the leading companies in the global multi-parameter patient monitoring equipment market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global multi-parameter patient monitoring equipment market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the study on of the global multi-parameter patient monitoring equipment market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, and market intelligence managers, who contributed to the production of TMR’s study on the multi-parameter patient monitoring equipment market as primary research sources.

These primary and secondary research sources have provided exclusive information during interviews, which serves as a validation from the multi-parameter patient monitoring equipment market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global multi-parameter patient monitoring equipment market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global multi-parameter patient monitoring equipment market more reliably and accurately.

Regional Segmentation of Multi-parameter Patient Monitoring Equipment Market

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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

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