AI algorithms are increasingly being integrated into multiparameter patient monitoring systems to enhance data analysis, predict patient outcomes, and provide early warnings for potential complications.
The COVID-19 pandemic has accelerated the adoption of remote monitoring solutions, enabling healthcare providers to track patients' vital signs and health status from a distance. This reduces hospital visits while improving patient comfort.
The market is experiencing a surge in wearable multiparameter monitoring devices, which offer continuous, non-invasive monitoring of vital signs for both in-hospital and ambulatory care settings.
Cloud computing has facilitated real-time data storage, analysis, and sharing of patient information across healthcare networks, enhancing care coordination and decision-making processes.
Manufacturers are focusing on developing smaller, more portable multiparameter monitoring devices, improving mobility for both patients and healthcare providers.
Multiparameter monitoring systems are increasingly being integrated with electronic health record (EHR) systems, streamlining data management and enhancing overall patient care.
There is a growing emphasis on creating intuitive, user-friendly interfaces for multiparameter monitoring devices, minimizing the learning curve for healthcare professionals and boosting efficiency.
Manufacturers are offering more customizable and modular multiparameter monitoring systems, enabling healthcare facilities to tailor devices to specific needs and easily upgrade or modify them as required.
Authors:
Mariam Faizullabhoy , Gauri Wani
Frequently Asked Questions (FAQ) :
The global multiparameter patient monitoring industry was valued at USD 10.8 billion in 2024 and is projected to grow at a 7.3% CAGR from 2025 to 2034, driven by the increasing adoption of advanced monitoring systems in healthcare.
The portable segment generated USD 7.1 billion in revenue in 2024 and is expected to grow significantly due to rising demand for remote patient monitoring in home healthcare settings.
The U.S. multiparameter patient monitoring market recorded USD 3.7 billion in 2024 and is anticipated to witness substantial growth, supported by an aging population and the prevalence of chronic diseases.
Key players in the market include Baxter International, BPL Medical Technologies, Dragerwerk, GE Healthcare, Koninklijke Philips, Medion, Medtronic, Mindray, Murata Vios, Nihon Kohden Corporation, Opto Circuits, OSI Systems, Schiller Healthcare, and Skanray Technologies.