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Multi-Parameter Patient Monitoring Equipment Market By Product Type (High-acuity Monitors, Mid-acuity Monitors, Low-acuity Monitors), By Application (Cardiology, Neurology, Respiratory, Fetal & Neonatal, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Healthcare) – Growth, Future Prospects, and Competitive Analysis, 2019 – 2027

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Multiparameter patient monitoring equipment market to exhibit dynamic growth during the forecast period

The global multiparameter patient monitoring equipment (MPME) market is increasing competently, expected to grow at a CAGR of 5.8%. Multiparameter patient monitoring equipment is used for monitoring patient’s health in real-time. The high-end multiparameter models are in demand globally, which include all the major vital signs offering connectivity options to the central monitoring area. Human vital parameters include blood pressure, heart rate, oxygen saturation, and respiration rate. Worldwide, the growing prevalence of chronic disorders, cardiac-related conditions among the aging population, and the rising need for advanced and quick real-time health monitoring of patients in the hospitals and home care settings will drive the overall growth of MPMthe market.

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Market Synopsis

High-acuity segment expected to capture a larger market share by 2027

Advancements in the high acuity monitors segment and technological advancement will show promising growth. In addition, improved remote patient monitoring and its top benefits are gaining traction in the healthcare monitoring industry. Chronic disease management, sending test results to a physician or doctor in real-time without the necessity of visiting a hospital or institution, improved cost savings, and enhanced positive outcomes in the patient’s life are key factors driving the market growth.

The high acuity monitors segment represented around 55% of the market share globally in 2018. Low-acuity monitors are the fastest growing segment, mainly in emerging nations. However, European and Asian countries are yet to improve care in low and mid-acuity wards. The high acuity monitors segment is currently led by GE Medical, Philips Healthcare, and Siemens Healthcare. Major factors leading the high-acuity segment include:

  • Increased awareness.
  • High-end monitoring.
  • Increased hospital admissions.
  • Availability of top-quality devices for enhanced patient outcomes.

Increased need in the ICUs will show promising growth

Hospitals in the end-user segment generated maximum revenue in the global market. The utilization of high-end monitors for continuous and close monitoring in the ICUs and general wards is extreme. In addition, increased admissions for CVDs, heart-related conditions, and other lifestyle diseases will boost the market growth. As per the studies by the University of California San Francisco, there are more than 4 Mn ICU admissions per year in the U.S., with an average mortality rate of around 500,000 every year.

Advancements in monitoring technology, marketing approval of new systems, an increasing aging population with lifestyle issues, and improved patient outcomes with real-time data management will drive the market growth for multiparameter patient monitoring equipment worldwide. Increasing awareness and utilization of low and mid-acuity-based systems will show significant growth in the near future. For instance, Spaarne Gasthuis (A hospital in Netherland) installed BeneVision N22 along with the complete integrated IT and combined monitoring solutions (the first hospital to install this equipment). BeneVision N22 (by Mindray) is the world’s first rotatable (rotates between landscape and portrait) bedside monitoring system.

Increasing adult population, the launch of new systems and the presence of top manufacturers hold the U.S. market in a dominant position

In 2018, the North American region generated the maximum revenue share in the multiparameter patient monitoring equipment market due to an increase in the prevalence of chronic disorders, increasing hospital admissions, and increased need for high-acuity monitoring. As a result, North America generated around 40% revenue share globally, growing at a CAGR of 5.1% during the forecast period from 2019-2027.

Currently, overall patient monitoring both off (home care) and on-site is on the rise in developing nations. In the Asia Pacific and Europe, hospitals have acquired the latest monitoring equipment to provide a connection to the server and are HL7 compatible, thus allowing easy data faster and smoothly. In addition, many hospitals are focusing on expanding resource management, modernizing diagnostic and real-time monitoring procedures, and optimizing data storage. However, real-time data accuracy, data security, less adoption of high-end systems in the hospitals in the developing regions, budgetary constraints, technology expansion, and unstructured medical care in a few of the emerging nations will hamper the market growth globally.

Key Industry Developments

  • In August 2018, VitalConnect, Inc. launched the VistaTablet multiparameter patient monitoring system, a great real-time and home healthcare platform.
  • In May 2018, Skanray Technologies came up with a new technology, TruSKAN multiparameter patient monitoring systems with the proficiency to monitor ECG, temperature, SpO2, respiration, NIBO, arrhythmia detection capnography, and two-channel IBP.

List of Companies Covered:

  • AMD Global Telemedicine
  • Medtronic Plc
  • General Electric Company
  • Nihon Kohden Corporation
  • OSI Systems, Inc.
  • Masimo Corporation
  • Draeger, Inc.
  • Mindray Medical International Limited
  • Schiller AG
  • Contec Medical Systems Co., Ltd.
  • General Meditech, Inc.
  • Baxter International Inc.
  • Philips Healthcare
  • Becton, Dickinson, and Company
  • Bosch Medical
  • Others

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Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Product Type (2017–2027; US$ Mn)

  • High-acuity Monitors
  • Critical Care Monitors
  • Magnetic Resonance Imaging (MRI) Compatible Monitors
  • Perioperative Monitor
  • Mid-acuity Monitors
  • Low-acuity Monitors

 Application Segment (2017–2027; US$ Mn)

  • Cardiology
  • Neurology
  • Respiratory
  • Fetal & Neonatal
  • Others (Weight Monitoring, Temperature Monitoring)

 End User Segment (2017–2027; US$ Mn)

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home Healthcare

 Geography Segment (2017–2027; US$ Mn)

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, Italy, and the Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities better to understand the overall Multiparameter Patient Monitoring Equipment market. The global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global MPME Market
2.2. Global MPME Market, by Product Type, 2018 (US$ Mn)
2.3. Global MPME Market, by Application, 2018 (US$ Mn)
2.4. Global MPME Market, End User, 2018 (US$ Mn)
2.5. Global MPME Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global MPME Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Multi-Parameter Patient Monitoring Equipment (MPME) Market, by Product Type , 2017-2027 (US$ Mn)
4.1. Overview
4.2. High-acuity Monitors
4.3. Mid-acuity Monitors
4.4. Low-acuity Monitors

5. Global Multi-Parameter Patient Monitoring Equipment (MPME) Market, by Application, 2017-2027 (US$ Mn)
5.1. Cardiology
5.2. Neurology
5.3. Respiratory
5.4. Fetal & Neonatal
5.5. Others (Weight Monitoring, Temperature Monitoring)

6. Global Multi-Parameter Patient Monitoring Equipment (MPME) Market, By End User, 2017-2027 (US$ Mn)
6.1. Hospitals
6.2. Clinics
6.3. Ambulatory Surgical Centers
6.4. Home Healthcare

7. North America Multi-Parameter Patient Monitoring Equipment (MPME) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America MPME Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America MPME Market Value, By Product Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America MPME Market Value, By Application, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America MPME Market Value, By End User, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America MPME Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Multi-Parameter Patient Monitoring Equipment (MPME) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe MPME Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe MPME Market Value, By Product Type, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe MPME Market Value, By Application, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe MPME Market Value, By End User, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe MPME Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Multi-Parameter Patient Monitoring Equipment (MPME) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific MPME Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific MPME Market Value, By Product Type, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific MPME Market Value, By Application, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific MPME Market Value, By End User, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific MPME Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Multi-Parameter Patient Monitoring Equipment (MPME) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World MPME Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World MPME Market Value, By Product Type, 2017-2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World MPME Market Value, By Application, 2017-2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World MPME Market Value, By End User, 2017-2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World MPME Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. AMD Global Telemedicine
11.2. Medtronic Plc
11.3. General Electric Company
11.4. Nihon Kohden Corporation
11.5. OSI Systems, Inc.
11.6. Masimo Corporation
11.7. Draeger, Inc.
11.8. Mindray Medical International Limited
11.9. Schiller AG
11.10. Contec Medical Systems Co., Ltd.
11.11. General Meditech, Inc.
11.12. Baxter International Inc.
11.13. Philips Healthcare
11.14. Becton, Dickinson and Company
11.15. Bosch Medical
11.16. Others

List of Figures

FIG. 1 Global Multi-Parameter Patient Monitoring Equipment (MPME) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MPME Market Segmentation
FIG. 4 Global MPME Market, by Product Type, 2018 (US$ Mn)
FIG. 5 Global MPME Market, by Application, 2018 (US$ Mn)
FIG. 6 Global MPME Market, by End User, 2018 (US$ Mn)
FIG. 7 Global MPME Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key MPME Market Manufacturers, 2018
FIG. 10 Global MPME Market, by Product Type, Value, 2017–2027 (US$ Mn)
FIG. 11 Global MPME Market, by High-acuity Monitors, Value, 2017–2027 (US$ Mn)
FIG. 12 Global MPME Market, by Mid-acuity Monitors, Value, 2017–2027 (US$ Mn)
FIG. 13 Global MPME Market, by Low-acuity Monitors, Value, 2017–2027 (US$ Mn)
FIG. 14 Global MPME Market, by Hospitls, Value, 2017–2027 (US$ Mn)
FIG. 15 Global MPME Market, by Clinics, Value, 2017–2027 (US$ Mn)
FIG. 16 Global MPME Market, by Ambulatory Surgical Centers, 2017–2027 (US$ Mn)
FIG. 17 Global MPME Market, by Home Healthcare, 2017–2027 (US$ Mn)
FIG. 18 U.S. MPME Market, 2017–2027 (US$ Mn)
FIG. 19 Rest of North America MPME Market, 2017–2027 (US$ Mn)
FIG. 20 U.K. MPME Market, 2017–2027 (US$ Mn)
FIG. 21 Germany MPME Market, 2017–2027 (US$ Mn)
FIG. 22 France MPME Market, 2017–2027 (US$ Mn)
FIG. 23 Italy MPME Market, 2017–2027 (US$ Mn)
FIG. 24 Rest of Europe MPME Market, 2017–2027 (US$ Mn)
FIG. 25 Japan MPME Market, 2017–2027 (US$ Mn)
FIG. 26 China MPME Market, 2017–2027 (US$ Mn)
FIG. 27 India MPME Market, 2017–2027 (US$ Mn)
FIG. 28 Rest of Asia Pacific MPME Market, 2017–2027 (US$ Mn)
FIG. 29 Brazil MPME Market, 2017–2027 (US$ Mn)
FIG. 30 Mexico MPME Market, 2017–2027 (US$ Mn)
FIG. 31 Argentina MPME Market, 2017–2027 (US$ Mn)
FIG. 32 Rest of Latin America MPME Market, 2017–2027 (US$ Mn)
FIG. 33 GCC MPME Market, 2017–2027 (US$ Mn)
FIG. 34 Rest of Middle East & Africa MPME Market, 2017–2027 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Multi-Parameter Patient Monitoring Equipment (MPME) Market
TABLE 2 Global MPME Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 3 Global MPME Market, by Application, 2017–2027 (US$ Mn)
TABLE 4 Global MPME Market, by End User, 2017–2027 (US$ Mn)
TABLE 5 Global MPME Market, by Geography, 2017–2027 (US$ Mn)
TABLE 6 North America MPME Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 7 North America MPME Market, by Application, 2017–2027 (US$ Mn)
TABLE 8 North America MPME Market, by End User, 2017–2027 (US$ Mn)
TABLE 9 North America MPME Market, by Country, 2017–2027 (US$ Mn)
TABLE 10 Europe MPME Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 11 Europe MPME Market, by Application, 2017–2027 (US$ Mn)
TABLE 12 Europe MPME Market, by End User, 2017–2027 (US$ Mn)
TABLE 13 Asia Pacific MPME Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific MPME Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific MPME Market, by Application, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific MPME Market, by End User, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific MPME Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 18 RoW MPME Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 19 RoW MPME Market, by Application, 2017–2027 (US$ Mn)
TABLE 20 RoW MPME Market, by End User, 2017–2027 (US$ Mn)
TABLE 21 RoW MPME Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 22 AMD Global Telemedicine: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Medtronic Plc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 General Electric Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Nihon Kohden Corporation.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 OSI Systems, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Masimo Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Draeger, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Mindray Medical International Limited: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Schiller AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Contec Medical Systems Co., Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 General Meditech, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Baxter International Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 Philips Healthcare: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 35 Becton, Dickinson and Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 36 Bosch Medical: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Frequently Asked Questions

What is the size of Multi-Parameter Patient Monitoring Equipment Market?

The market for Multi-Parameter Patient Monitoring Equipment is expected to reach US XX Bn in 2027.

What is the Multi-Parameter Patient Monitoring Equipment Market CAGR?

The Multi-Parameter Patient Monitoring Equipment market is expected to see significant CAGR growth over the coming years, at 5.8%.

What is the Forecast period considered for Multi-Parameter Patient Monitoring Equipment Market?

The report is forecasted from 2019-2027.

What is the base year considered for Multi-Parameter Patient Monitoring Equipment Market?

The base year of this report is 2018.

Who are the major players in this market?

AMD Global Telemedicine, Medtronic Plc, General Electric Company , Nihon Kohden Corporation, OSI Systems Inc., Masimo Corporation, Draeger , Inc., Mindray Medical International Limited are some of the major players in the global market.

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