DUBAI, United Arab Emirates, Nov. 10, 2022 (GLOBE NEWSWIRE) — The Global Multi-Parameter Patient Monitoring Market is projected to reach a value of US$ 6.1 Bn in 2028, with demand growing at a moderate CAGR of 4.6% from 2022 to 2028. By the end of 2022, the target market will likely reach an estimated US$ 4.6 Bn. Rising awareness of the advantages of monitoring vital anatomical variables via multi-parameter monitoring fosters growth for the same during the forecast period.
In the past few years, the focus on healthcare has continued to increase all over the world. The emergence of various novel viruses and infections has only amplified this focus on healthcare. As a result, this emphasis on healthcare has bolstered a budding demand for medical diagnostic equipment, medical monitoring devices, and other patient monitoring devices. This demand trend has fostered an atmosphere of growth for the target market.
Due to the constantly growing need for better medical and healthcare services, from 2013 to 2021, the demand for multi-parameter patient monitors rose to a CAGR of 4.2%. Monitoring devices like fetal monitors, 7-parameter patient monitors, and other medical monitoring devices are anticipated to observe a spike in demand over the assessment period because of the increasing focus on patient monitoring all over the world.
Request Sample Copy of Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-9265
Moreover, the rising incidences of chronic diseases across the globe, surging preference for home care settings, advancing innovations in vital sign monitoring technology, increasing healthcare expenditure, growing geriatric population, and heightened demand for patient monitoring in critical care settings are some of the main aspects that likely positively influence the global sales of multi-parameter vital sign monitors during the forecast period.
“Rising demand for improved medical services coupled with increasing healthcare expenditure will drive the global growth of the multi-parameter patient monitoring market over the forecast period,” says an FMI analyst.
- High costs associated with the equipment will hinder the market growth.
- The multi-parameter patient monitoring market in North America will dominate the international market space.
- Europe will likely make significant contributions to the global sales of the target market.
- The tabletop multi-parameter patient monitors account for 57.4% of the overall share.
- The portable multi-parameter patient monitors segment holds about 42.6% of the global share.
Koninklijke Philips N.V., GE Healthcare, Drägerwerk AG & Co. KGaA, Medtronic plc, OSI Systems Inc., Nihon Kohden Corporation, MASIMO, Contec Medical Systems Co. Ltd., General Meditech Inc., Mindray Medical International Limited, and Schiller AG among others are some of the major players in the multi-parameter patient monitoring market profiled in the full version of the report.
Leading market players are investing in research and development activities to release innovative equipment with advanced technology. These enterprises are adopting strategic mergers and collaborations to strengthen their market position.
Browse Full Report@ https://www.futuremarketinsights.com/reports/multi-parameter-patient-monitoring-market
Key Segments of Multi-Parameter Patient Monitoring Industry Survey
Multi-Parameter Patient Monitoring Market by Acuity Level:
- High Acuity Level Multi-Parameter Patient Monitoring
- Mid Acuity Level Multi-Parameter Patient Monitoring
- Low Acuity Level Multi-Parameter Patient Monitoring
Multi- Parameter Patient Monitoring Market by Modality:
- Handheld/Portable Multi-Parameter Monitors
- Tabletop Multi-Parameter Monitors
Multi-Parameter Patient Monitoring Market by End User:
- Multi-Parameter Patient Monitoring at Hospitals
- Multi-Parameter Patient Monitoring at Ambulatory Surgical Centres
- Multi-Parameter Patient Monitoring at Specialty Clinics
- Multi-Parameter Patient Monitoring at Home Care Settings
Multi-Parameter Patient Monitoring Market by Region:
- North America Multi-Parameter Patient Monitoring Market
- Latin America Multi-Parameter Patient Monitoring Market
- Europe Multi-Parameter Patient Monitoring Market
- East Asia Multi-Parameter Patient Monitoring Market
- South Asia & Pacific Multi-Parameter Patient Monitoring Market
- Middle East & Africa (MEA) Multi-Parameter Patient Monitoring Market
Ask an Analyst@ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-9265
More Insights into Multi-Parameter Patient Monitoring Market Report
In its latest report, FMI offers an unbiased analysis of the global multi-parameter patient monitoring market, providing historical data from 2013 to 2021 and forecast statistics for 2022 to 2028. To understand the global market potential, growth, and scope, the market is segmented on the basis of acuity level (high acuity level, mid acuity level, low acuity level), modality (handheld/ portable multi-parameter monitors, tabletop multi-parameter monitors), end user (hospitals, ambulatory surgical centers, specialty clinics, home care settings), and region.
According to the latest FMI reports, based on segmentation, the tabletop multi-parameter patient monitoring segment will continue to make significant contributions to the overall market. This segment will account for 57.4% of the global market share owing to extensive usage in hospital settings. However, the portable multi-parameter patient monitoring segment will register a higher demand than the tabletop segment because of its growing popularity in various end-use settings.
Based on region, the multi-parameter patient monitoring market in North America will present substantial growth during the projection period. The target market in this region will take the lead in the international market owing to the strong presence of major key players, high healthcare spending, and rising research and development activities. The U.S will be a strong contributor to this growth because of the increasing availability of numerous patient monitoring devices and the growing frequency of product releases by target market manufacturers during the forecast period. Apart from the U.S., India is expected to demonstrate notable growth in the multi-parameter patient monitoring market during 2022-2028.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Trends
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Success Factors
3.1. Regulatory Scenario
Get TOC@ https://www.futuremarketinsights.com/toc/rep-gb-9265
Have a Look at Related Reports of Healthcare domain
Wheelchairs Market: The global wheelchairs market is expected to enjoy a valuation of US$ 5.7 Bn by the end of the year 2022, and further expand at a CAGR of 3.2% to reach a valuation of ~US$ 7.9 Bn by the year 2032.
Pupillometer Market Size: The global pupillometer market is projected to have a moderate-paced CAGR of 7.7% during the forecast period. The current valuation of the pupillometer market is US$ 385.56 Mn in 2023. The value of the pupillometer market is anticipated to reach a high of US$ 809.56 Mn by the year 2033.
Drug Formulation Share: The global demand for drug formulation is expected to increase at 5.6% CAGR over the forecast period from 2022 to 2032. The sales of the drug formulations market is estimated to reach a valuation of US$ 1.58 Tn by 2022.
Monoclonal Antibodies Market Demand: The global monoclonal antibodies market was valued at US$ 186 Billion in 2021 and is projected to exhibit a CAGR of 12% from 2022 to 2032. Rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and others are increasing the demand for biologics, which is anticipated to serve as a key factor driving the monoclonal antibodies (mAbs) market.
Dentures Market Forecast: By the end of 2022, the global dentures market is anticipated to be worth US$ 1.7 Bn, and it will grow at a CAGR of 6.7% to reach an expected valuation of around US$ 3.2 Bn by the year 2032.
Freeze Drying Market Growth: By the end of 2022, the global freeze drying market is anticipated to be worth US$ 1.1 Bn, and it will grow at a CAGR of 8.5% to reach an expected valuation of around US$ 2.5 Bn by the year 2032.
In-Ear-Monitors (Iems) Market Analysis: in-ear-monitors (IEMs) market is expected to enjoy a valuation of US$ 344.7 Mn in the year 2022, and further expand at a CAGR of 9.0% to reach a valuation of ~US$ 749.7 Mn by the year 2032.
Handheld Dental X-Ray Systems Market Opportunities: The global handheld dental X-ray systems market is expected to enjoy a valuation of US$ 211.9 Mn by the end of the year 2022, and further expand at a CAGR of 6.4% to reach a valuation of ~US$ 397.1 Mn by the year 2032.
Inhalation and Nasal Spray Generic Drugs Market Outlook: The global inhalation and nasal spray generic drugs market is projected to have a moderate-paced CAGR of 8.96% during the forecast period. The current valuation of the inhalation and nasal spray generic drugs market is US$ 20.78 Bn in 2023. The value of the inhalation and nasal spray generic drugs market is anticipated to reach a high of US$ 49.01 by the year 2033.
Dental Flap Surgery Market Trends: The global dental flap surgery market is expected to accumulate a market value of US$ 5 Billion in 2022 and is expected to accumulate a market value of US$ 10.31 Billion by registering a CAGR of 7.5% in the forecast period 2022-2032.
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Future Market Insights, Inc.
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]