Multiparameter Patient Monitoring Systems Market Size Worth $15.4 Billion by 2027: Grand View Research, Inc.

SAN FRANCISCO, June 9, 2020 /PRNewswire/ --  The global multiparameter patient monitoring systems market size is expected to reach USD 15.4 billion by 2027 registering a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Rising health concerns and resultant need to constantly monitor the health parameters of patients, before and after surgery is creating demand for multiparameter patient monitoring systems.

The market growth is also supported by the increasing need for hospital transport, such as intrahospital or out-of-the-hospital transport. For special examination and therapy, hospitals require intrahospital transport, which calls for more continuous monitoring of vital signs including heart rate, blood pressure, blood oxygen saturation by pulse oximetry, and electrocardiography.

Key suggestions from the report:

• The portable segment is anticipated to grow at the fastest CAGR of 6.1% from 2020 to 2027 due to growing home healthcare and easy mobility across different departments within the hospital
• The hospital end-use segment led the market in 2019 due to high demand for modern healthcare facilities
• North America held the maximum share of the global market in 2019 due to the availability of technologically advanced equipment and high quality of healthcare system
• Asia Pacific is estimated to be the fastest-growing regional market during the forecast years due to increasing awareness about technologically advanced monitoring systems

Read 116 page research report with ToC on "Multiparameter Patient Monitoring Systems Market Size, Share & Trends Analysis Report By Device Type (Fixed, Portable), By Acuity Level (Medium, Low), By Age Group, By End Use, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/multiparameter-patient-monitoring-systems-market

Healthcare providers are continually looking for innovative products to provide superior quality of care, which is also expected to drive the market. Mobile solutions, data integration low-acuity monitoring remain key trends to improve the cost efficiency of patient monitoring solutions. Key companies are introducing advanced products, such as integrated remote monitoring solutions with added features of greater connectivity through cloud technology and WiFi.

For instance, Radius-7 Pulse Co-Oximeters by Masimo Corp., which got U.S. FDA approval in March 2020. It is a wearable patient monitor with flexible functionality of WiFi, Bluetooth, and alarms.

Grand View Research has segmented the global multiparameter patient monitoring systems market based on device type, acuity level, age group, end use, and region:

• Multiparameter Patient Monitoring Systems Device Type Outlook (Revenue, USD Million, 2016 - 2027)
• Portable
• Fixed
• Multiparameter Patient Monitoring Systems Acuity Level Outlook (Revenue, USD Million, 2016 - 2027)
• High
• Medium
• Low
• Multiparameter Patient Monitoring Systems Age Group Outlook (Revenue, USD Million, 2016 - 2027)
• Pediatric
• Adult
• Geriatric
• Multiparameter Patient Monitoring Systems End-use Outlook (Revenue, USD Million, 2016 - 2027)
• Hospitals
• Homecare Settings
• Ambulatory Surgical Centers (ASCs)
• Others
• Multiparameter Patient Monitoring Systems Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Asia Pacific
• India
• Japan
• China
• Australia
• South Korea
• Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• List of Key Players of Multiparameter Patient Monitoring Systems Market
• Koninklijke Philips N.V.
• GE Healthcare
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Drägerwerk AG & Co. KGaA
• Medtronic PLC
• Masimo Corporation
• Skanray Technologies
• SCHILLER
• Spacelabs Healthcare
• Smiths Medical
• SternMed GmbH

Find more research reports on Medical Devices Industry, by Grand View Research:

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• Cardiac Surgery Instruments Market – Increase in the number of cardiac surgeries & procedures and technological advancements are some factors expected to drive the market.
• Vital Signs Monitoring Devices Market– Rising prevalence of chronic disorders are key driver responsible for the lucrative growth of the market.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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