The Global Multiparameter Patient Monitoring Devices Market to Reach Revenues of Around $6 Billion During the Period 2020 2025 – Market Research by…

CHICAGO, Feb. 5, 2020 /PRNewswire/ -- According to Arizton's recent research report, Multiparameter Patient Monitoring Devices Market - Global Outlook and Forecast 2020-2025is expected to grow at a CAGR of over 4% during the period 20192025.

Key Highlights Offered in the Report:

1. The multi-parameter patient monitoring devices market is likely to witness an incremental growth of around $1,317 million during 2019-2025.

2. Portable multi-parameter patient monitors are growing at a faster rate compared to bedside monitors owing to their compactness, convenience, and easy mobility across different departments within hospitals.

3. Though the US is the largest revenue contributor to the global market, it is likely to witness a lower absolute growth rate compared to emerging countries.

4. The high acuity market segment will witness an incremental growth of $2,064 million during the forecast period.

5. Technological advancements such as wearable and MPM are expected to drive the market in upcoming years. The increasing adoption of advanced homecare monitoring systems by developed countries boost development in the market.

6. APAC is likely to grow at a faster rate and will witness an absolute growth of around 52% by 2025, which is the highest compared to other regions.

Key Offerings:

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Multiparameter Patient Monitoring Devices Market Segmentation

Market Segmentation by Devices

Market Segmentation by Acuity Level

Market Segmentation by Patient Group

Market Segmentation by End-user

Multiparameter Patient Monitoring Devices Market Dynamics

Technological advancements in medical devices, medicine, and public health are coupled with increasing awareness among consumers about personal hygiene, and nutrition which has increased life expectancy in the past few years across the globe. However, increased life expectancy coupled with falling birthrates has given rise to an increasingly aging population and need for advanced medical technology such as multi-parameter patient monitors. In order to cope up with the growing need for elderly healthcare services, it is essential to develop affordable, unobtrusive, and easy-to-use patient monitors. These advancements will be beneficial for the development of the global market.

Key Drivers and Trends fueling Market Growth:

Multiparameter Patient Monitoring Devices Market Geography

In 2019, North America dominated the market. The region is expected to grow at a steady pace due to the increasing old age population, the moderate increase in the ICU admission, and the availability of advanced technology for RPM. The presence of a large pool of population with several chronic diseases, coupled with high acceptance of advanced and innovative multiparameter patient monitoring devices, is likely to support the region's dominance in the global market.

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Market Segmentation by Geography

Major Vendors

Other vendors include - Contec Medical Systems, Drgerwerk, EPSIMED, GUANGDONG BIOLIGHT MEDITECH, Kizlonmedical, Lutech Industries, Mediana, MEDION HEALTHCARE, Opto Circuits (India), SCHILLER, Skanray Technologies.

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The Global Multiparameter Patient Monitoring Devices Market to Reach Revenues of Around $6 Billion During the Period 2020 2025 - Market Research by...