Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Multiparameter Patient Monitoring Systems Market size is expected to reach $15.5 billion by 2028, rising at a market growth of 5.8% CAGR during the forecast period.
The Hospitals market is leading the Global Multiparameter Patient Monitoring Systems Market by End-Use in 2021; thereby, achieving a market value of $7.6 billion by 2028. This can be ascribed to the rising number of patients who are being admitted to hospitals owing to the presence of chronic illnesses, injuries, and many other urgent medical needs. Patients' health may be continually monitored using a variety of human vital parameters using multiparameter patient monitors, which are often used in general wards and intensive care units.
The Medium market is experiencing a CAGR of 6% during (2022 - 2028). Mid-acuity patient monitors are designed to accommodate the requirements of a variety of hospital environments, including emergency departments, recovery units, sub-acute units, and regular wards, among others. The mid-acuity monitors are easy to use and portable, and they have a maximum operating time of four hours without requiring an extra battery attachment. These monitors are ideal for clinical settings.
The Portable market shows high market share in the Global Multiparameter Patient Monitoring Systems Market by Device Type in 2021; thereby, achieving a market value of $9.8 billion by 2028. This can be linked to the many benefits that portable systems provide, such as the fact that they are lightweight and hence simple to transfer either inside or outside of hospitals. In addition, they are available in a wearable version that provides patients with increased mobility and may be utilized in any situation, including those associated with home care.
The Pediatric market is anticipated to grow at a CAGR of 6.7% during (2022 - 2028). The field of medicine known as pediatrics (sometimes written as pediatrics or pediatrics) is concerned with the provision of health care services to babies, children, adolescents, and young people. Pediatrics is the medical specialty that cares for children in the United Kingdom up until they reach the age of 18. A pediatrician, often spelled pediatrician, is a type of physician that focuses their practice on the care of children.
The North America market dominated the Global Multiparameter Patient Monitoring Systems Market by Region in 2021; thereby, achieving a market value of $5.6 billion by 2028. The Europe market is poised to grow at a CAGR of 5.1% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 6.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.)
By Acuity Level
By Device Type
By Age Group
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