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Multi-Parameter Patient Monitoring Equipment Market 2024 - By Growth Rat, Share, Analysis, Outlook and Forecast To 2033

07-29-2024 08:42 AM CET | Health & Medicine

Press release from: The Business research company

Multi-Parameter Patient Monitoring Equipment Market

Multi-Parameter Patient Monitoring Equipment Market

The new report published by The Business Research Company, titled ""Multi-Parameter Patient Monitoring Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the multi-parameter patient monitoring equipment market size has grown strongly in recent years. It will grow from $8.83 billion in 2023 to $9.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The multi-parameter patient monitoring equipment market size is expected to see strong growth in the next few years. It will grow to $12.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.

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Rising Incidence Of Chronic Illnesses Drives Surge In Multi-Parameter Patient Monitoring Equipment Market
The increasing incidence of chronic illnesses is expected to propel the growth of the multi-parameter patient monitoring equipment market going forward. Chronic diseases refer to a disease that requires more medical attention. Multi parameter patient monitoring equipment is helpful for chronic patients to assess vital signs such as respiration rate, electrocardiograph, and blood pressure of chronic disease patients. For instance, in July 2022, the Centers for Disease Control and Prevention, a US-based national public health agency, defines that every 6 out of 10 US have chronic diseases and four out of the ten adults are suffering from more than two chronic diseases such as chronic lung cancer, heart disease, stroke, diabetes. Additionally, according to United Nations, by 2030, chronic diseases is expected to cause around 70% of all deaths and nearly 56% of diseases worldwide. Therefore, the increasing incidence of chronic illnesses is driving the growth of the multi-parameter patient monitoring equipment market.

Mindray Launches Mwear System Redefining Patient Monitoring With Advanced Technologies
Technological advancements are a key trend gaining popularity in the multi-parameter patient monitoring equipment market. Major companies operating in the multi-parameter patient monitoring equipment market are developing innovative technologies to strengthen their position in the market. For instance, in December 2022, Mindray, a China-based company operating in multi-parameter patient monitoring equipment, launched a new wearable patient monitoring solution mWear system. The unique features of the mWear system include precise measures of patient status, with its wireless monitoring technologies incorporating 6 essential vital signs powered by the Anti-Motion Algorithm, specialized health parameters, status indicators, and time analysis. It has been designed to continuously monitor patient conditions.

The multi-parameter patient monitoring equipment market covered in this report is segmented -

1) By Product Type: High-Acuity Monitors, Critical Care Monitors, Magnetic Resonance Imaging (MRI) Compatible Monitors, Perioperative Monitor, Mid-Acuity Monitors, Low-Acuity Monitors
2) By Application: Cardiology, Neurology, Respiratory, Fetal And Neonatal, Other Applications
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centres, Home Healthcare

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Major companies operating in the multi-parameter patient monitoring equipment market report are Philips Healthcare, GE Healthcare Technologies Inc., Drägerwerk AG & Co. KGaA, Nihon Kohden Corporation, Schiller AG, Bosch Medical Solutions GmbH, AMD Global Telemedicine Inc., Mindray DS USA Inc., Boston Scientific Corporation, Abbott Laboratories, Spacelabs Healthcare, CAS Medical Systems Inc., Contec Medical Systems Co Ltd., Guangdong Biolight Meditech Company Limited, Baxter International Inc., Natus Medical Incorporated, CR Bard Inc., Masimo, Becton Dickinson and Company, Medtronic PLC, OSI System, Bio Medical Electronics, Koninklijke Philips NV, General Electric Company, Messe D - sseldorf GmbH, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Omron Healthcare Inc., Hill-Rom Holdings Inc., Edwards Lifesciences Corporation, Smiths Medical, ZOLL Medical Corporation .

Contents of the report:
1. Executive Summary
2. Multi-Parameter Patient Monitoring Equipment Market Report Structure
3. Multi-Parameter Patient Monitoring Equipment Market Trends And Strategies
4. Multi-Parameter Patient Monitoring Equipment Market - Macro Economic Scenario
5. Multi-Parameter Patient Monitoring Equipment Market Size And Growth
…..
27. Multi-Parameter Patient Monitoring Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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