Europe Multiparameter Patient Monitoring Systems Market Size, Share & Industry Trends Analysis Report By End-Use, By Acuity Level (High, Medium and Low), By Device Type, By Age Group (Geriatric, Pediatric and Adult), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Multiparameter Patient Monitoring Systems Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
Clearances for the ePM Series of patient monitors were granted by the 510 (K) in October 2019 by Shenzhen Mindray Biomedical Electronics Co., Ltd. The ePM Series of mid-acuity monitors introduces a new, smartphone-like user experience. It offers a user-friendly interface layout that enables caregivers to access common features in no more than two steps. This new user experience is available on the ePM Series monitors.
An exceptional visual experience, intelligent operation, precise physiological measures, a seamless workflow, and broad networking choices are all included as features, all without compromising any functionality. Masimo announced in December 2019 the enlarged licensing arrangement with Drager. Following the terms of this agreement, Drager will include more Masimo measuring technologies in its multi-parameter patient monitors.
These technologies will assist physicians in evaluating the state of the patient's brain function, oxygenation, and breathing. It appears that multi-parameter monitoring devices have a greater potential use with this strategy. Wireless data transfer: the absence of connecting cords might be an advantage in the medical setting, particularly for ambulatory monitoring. Wireless data transmission is becoming increasingly popular.
It lowers the chances of getting an infection, occurrences involving disconnection, and so on. However, there may be a problem with the security of both the computer network and the data that is being communicated. These kinds of systems are susceptible to hacking, which can result not only in the device being hacked but also in the server for the entire medical facility being compromised.
The United Kingdom may lead the sector in terms of health technology. There are already some of the world's largest health technology companies producing new technologies and increasing the scientific and research base's international reputation. In addition, it has the opportunity to cultivate an ecosystem that consistently generates the most advanced health technology that can be transmitted, as well as unique approaches and insights that can enhance health outcomes.
The Germany market dominated the Europe Multiparameter Patient Monitoring Systems Market by Country in 2021; thereby, achieving a market value of $975.4 million by 2028. The UK market is exhibiting a CAGR of 4.2% during (2022 - 2028). Additionally, The France market would experience a CAGR of 5.9% during (2022 - 2028).
Based on End-Use, the market is segmented into Hospitals, Homecare Settings, Ambulatory Surgical Centers and Others. Based on Acuity Level, the market is segmented into High, Medium and Low. Based on Device Type, the market is segmented into Portable and Fixed. Based on Age Group, the market is segmented into Geriatric, Pediatric and Adult. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., GE Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Drägerwerk AG & Co. KGaA, Medtronic PLC, Masimo Corporation, Skanray Technologies Ltd., Schiller AG, Spacelabs Healthcare and Smiths Medical (ICU Medical, Inc.)
Scope of the Study
Market Segments Covered in the Report:
- Homecare Settings
- Ambulatory Surgical Centers
By Acuity Level
By Device Type
By Age Group
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke Philips N.V.
- GE Healthcare
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Drägerwerk AG & Co. KGaA
- Medtronic PLC
- Masimo Corporation
- Skanray Technologies Ltd.
- Schiller AG
- Spacelabs Healthcare
- Smiths Medical (ICU Medical, Inc.)
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