According to the report, the market is anticipated to grow remarkably on account of the rising prevalence of chronic diseases and the need to keep such patients under proper surveillance. Multi-parameter monitoring devices help to keep check on factors such as skin and body temperature, heart rate, arterial blood pressure, capnography, and oximetry, all in a single device. The fact that these devices are user friendly and small and portable in size helps it to increase the demand.
The rising prevalence of chronic diseases is boosting the market for Multi-Parameter Patient Monitoring Market, finds Fortune Business Insights in their new report. The report is titled, “Multi-Parameter Patient Monitoring Market Size, Share and Global Trend by Device (Portable, Fixed), By Application (Intensive care, Emergency care, Clinical care, Ambulatory care, Others), By Age Group (Infants, Pediatrics, Adults), By End User (Hospitals, Clinics, Ambulatory Surgery Centers, Others), and Geography Forecast till 2026”.
Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Multi-Parameter Patient Monitoring market. Some of the companies operating the global Multi-Parameter Patient Monitoring market are;
- Nihon Kohden Corporation
- General Electric Company
- Schiller, Messe Düsseldorf GmbH
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Natus Medical Incorporated
- Medtronic, Spacelabs Healthcare, Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V.
- Omron Healthcare, Inc.
Easy-to-Use and Portable Features of Multi-parameter Patient Monitoring Devices to Fuel their Demand
In most medical emergency cases, immediate alerts and periodic reports on any change in health of sick patients may help doctors to take immediate actions for saving the patient’s life. Multi-parameter monitoring devices help to give multiple information at once which consumes time on one hand, and ques the doctor to take immediate action on the other. This acts as a major factor boosting the global market.
Other factors driving growth of the global multi-parameter patient monitoring market are the increasing incidence of diseases such as diabetes, heart problems, kidney problems, and increasing number of surgical procedures, post which, the patient require constant medication and surveillance. Rise in geriatric population and their vulnerability towards various diseases is another important factor promoting growth of the market. In addition to this, the advancement in medical technology and the advent of various portable medical devices that are easy to use is helping the market to gain more momentum.
The need to maintain health and hygiene and the advent of home based monitoring devices is also fueling demand for multi-parameter patient monitoring devices in the market. The need to maintain healthcare infrastructure and improve them in the coming years is also propelling demand for updated and advanced devices and treatment methods in the market. This, is further expected to drive the global multi-parameter patient monitoring market and continue doing so in the forecast duration.
On the other hand, the market in Asia Pacific is anticipated to emerge as the fastest growing region, on account of increasing technological advancement in the developing nations of India, China, and others. This, coupled with the improving healthcare infrastructure and medical facilities in emerging economies are helping to aid the market in the region.
Companies operating in the global multi-parameter patient monitoring market are Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Omron Healthcare, Inc., Schiller, Medtronic, General Electric Company, Drägerwerk AG & Co. KGaA, Biolight, Messe Düsseldorf GmbH, Abbott, Nihon Kohden Corporation, Spacelabs Healthcare, Koninklijke Philips N.V., Natus Medical Incorporated, and others.
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