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Multiparameter Patient Monitoring Market Share

Report ID: GMI2509
Published Date: Mar 2023
Report Format: PDF

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Multiparameter Patient Monitoring Market Share

General Electric Company (GE Healthcare)
Medtronic
Koninklijke Philips N.V.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Drägerwerk AG & Co. KGaA
Nihon Kohden Corporation
Skanray Technologies Ltd.
Opto Circuits (India) Limited
Baxter International Inc.
OSI Systems, Inc
Medion

are some of the key participants involved in the multiparameter patient monitoring market engaging mainly in new product launches and effective R&D initiatives to achieve a competitive edge in the future.

For instance, in December 2022, Mindray, a medical device firm, launched a wearable patient monitoring device, mWear system that has vital sign parameters for efficient workflow and patient care. This is set to improve the company’s product portfolio.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for multiparameter patient monitoring was worth more than USD 10 billion in 2022 and is primed to progress at over 5.5% CAGR between 2023 and 2032 driven by rising incidences of chronic illnesses in developing regions

Portable segment is poised to garner more than USD 11 billion by the end of 2032 on account of new product launches by major industry players which have increased device accuracy and allowed patients to recover quickly.

Mid-low acuity level segment exceeded a valuation of USD 6 billion in 2022 owing to extensive use in dependence wards and general wards of ambulatory surgery centers.

Asia Pacific multiparameter patient monitoring market accounted for over USD 2.3 billion in 2022 as a result of the rising incidence of chronic diseases and the burgeoning number of accidents in the region.