Press release
Multi-parameter Patient Monitoring Market Global Demand and SWOT Analysis by 2026: Abbott Laboratories, Baxter International Inc., Becton, Dickinson and Company, Boston Scientific Corporation
The Global Multi-parameter Patient Monitoring Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The multi-parameter patient monitoring market is expected to register a CAGR of 5%, during the forecast period.
Top Companies in the Global Multi-parameter Patient Monitoring Market are Abbott Laboratories, Baxter International Inc., Becton, Dickinson and Company, Boston Scientific Corporation, GE Healthcare, Medtronic PLC, Koninklijke Philips NV, SCHILLER, Nihon Kohden and others.
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Key Market Trends
Portable Multi-parameter Patient Monitors Hold the Largest Market Share
- The rising awareness regarding healthcare and increasing concern for the constant monitoring of health parameters of patients, pre-and post-surgery, are expected to drive the growth of the overall market.
- Multi-parameter monitors are of two major types, portable and fixed, of which, the portable monitors are expected to dominate the market over the forecast period. This is owing to factors, such as growing home healthcare, ease of monitoring post-surgical recovery patients, rising ambulatory care facilities, and increasing adoption of remote patient monitoring.
- Additionally, the competition among the major market players is on the rise, owing to growing technological advancements. Hence, the portable monitors' segment is expected to retain its dominance, over the forecast period.
North America Dominates the Overall Multi-parameter Patient Monitoring Market
- North America dominated the overall multi-parameter monitoring market, and the region is expected to retain its dominance over the forecast period. The multi-parameter patient monitoring market in the United States held the largest market share in the North American region, due to the high quality of healthcare system and modern medical technology in the country.
- Additionally, the presence of a high percentage of the elderly population in the region is likely to contribute to the growth of the multi-parameter patient monitoring market. According to the US Census Bureau, in 2018, around 52 million population were aged 65 years and above. Furthermore, the growing burden of morbidity and mortality due to chronic diseases is expected to impact the multi-parameter patient monitoring market.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Multi-parameter Patient Monitoring market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Multi-parameter Patient Monitoring market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Multi-parameter Patient Monitoring market.
Market Segments: This part of the report discusses product type and application segments of the global Multi-parameter Patient Monitoring market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approaches Multi-parameter Patient Monitoring used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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