Global Multiparameter Patient Monitoring Device Market, Forecast to 2027

Global Multiparameter Patient Monitoring Device Market - Growth Opportunities, Analysis, Forecast, North America, 2030

Opportunities in Out of hospital Facilities Boost the Future Growth Potential - Patient Monitoring Device Vendors,Patient Monitoring System,Medical Monitoring Devices

RELEASE DATE
03-Mar-2023
REGION
North America
Deliverable Type
Market Research
Research Code: K88A-01-00-00-00
SKU: HC03642-NA-MT_27482
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Description

The care delivery model is shifting from hospitals to alternative care settings, such as home care and ambulatory surgical centers. Multiple challenges in hospitals, including a severe shortage of skilled workforce, staff burnout, and declining margins, boost this shift. The adoption of multiparameter monitoring devices in out-of-hospital settings has grown due to several benefits, such as cost reduction and flexibility. Remote monitoring has gained traction during the last few years, and the COVID-19 pandemic further accelerated its adoption. The growing demand for remote monitoring and virtual care drives innovation in multiparameter monitors. More focus on the care continuum model is increasing the number of applications of patient monitoring devices in disease management, diagnosis, pre-operative care, post-operative care, and others.

Multiparameter patient monitoring device vendors are developing innovative monitoring technologies, such as wearables and contactless monitoring solutions, for patient mobility and ease of use. Start-ups are entering the wearable and contactless monitoring market, and several consumer-grade wearable companies are entering the medical-grade monitoring space to meet the growing demand. Vendors have started incorporating analytics, workflow management, and clinical decision solutions to reduce healthcare provider workload and increase cost savings.

Technological innovations and advanced solutions have an adoption rate in high-income and middle-income countries. Most low-income countries cannot afford multiparameter monitoring devices and are looking for low-cost solutions.

This study examines the multiparameter patient monitoring devices used in hospitals and outpatient settings. Portable and stationary devices used in high-, mid-, and low-acuity settings are covered in the study.


Research Highlights:

  • Market size by revenue, covering historic and forecast data by segment (acuity level and end use) and region (North America, Europe, Asia- Pacific, and Rest of World)
  • Market challenges and drivers
  • Competitive landscape, including company market shares
  • Technological trends and growth opportunities for stakeholders

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Multiparameter Patient Monitoring Device Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Key Competitors

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Multiparameter Patient Monitoring Devices

Multiparameter Patient Monitoring Devices—Device Usage Challenges

Multiparameter Patient Monitoring Devices—Implementation Challenges

Multiparameter Patient Monitoring Devices—Acuity Level

Multiparameter Patient Monitoring Devices—End Users

Multiparameter Patient Monitoring Devices—Components

Revenue Forecast

Revenue Forecast by Acuity Level

Revenue Forecast by End User

Revenue Forecast by Region

Revenue Forecast Analysis

Pricing Trends and Forecast Analysis

Competitive Environment

Revenue Share

Revenue Share Analysis

Multiparameter Patient Monitoring Devices—Global Purchase Pattern

Multiparameter Patient Monitoring Devices—Monitoring-as-a-Service

Multiparameter Patient Monitoring Devices—Predictive Insights

Multiparameter Patient Monitoring Devices—Operational Support Using Software

Multiparameter Patient Monitoring Devices—Wearables

Multiparameter Patient Monitoring Devices—Wearables (continued)

Multiparameter Patient Monitoring Devices—Contactless Patient Monitoring

Growth Metrics

Revenue Forecast

Revenue Forecast by Acuity Level

Revenue Forecast by End User

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Acuity Level

Revenue Forecast by End User

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Acuity Level

Revenue Forecast by End User

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Acuity Level

Revenue Forecast by End User

Forecast Analysis

Growth Opportunity 1: Multiparameter Devices Supporting Virtual Care

Growth Opportunity 1: Multiparameter Devices Supporting Virtual Care (continued)

Growth Opportunity 2: Outpatient Settings

Growth Opportunity 2: Outpatient Settings (continued)

Growth Opportunity 3: Clinical Decision Support and Workflow Management

Growth Opportunity 3: Clinical Decision Support and Workflow Management (continued)

Growth Opportunity 4: Predictive Monitoring

Growth Opportunity 4: Predictive Monitoring (continued)

Growth Opportunity 5: Low-cost Devices

Growth Opportunity 5: Low-cost Devices (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits

Legal Disclaimer

The care delivery model is shifting from hospitals to alternative care settings, such as home care and ambulatory surgical centers. Multiple challenges in hospitals, including a severe shortage of skilled workforce, staff burnout, and declining margins, boost this shift. The adoption of multiparameter monitoring devices in out-of-hospital settings has grown due to several benefits, such as cost reduction and flexibility. Remote monitoring has gained traction during the last few years, and the COVID-19 pandemic further accelerated its adoption. The growing demand for remote monitoring and virtual care drives innovation in multiparameter monitors. More focus on the care continuum model is increasing the number of applications of patient monitoring devices in disease management, diagnosis, pre-operative care, post-operative care, and others. Multiparameter patient monitoring device vendors are developing innovative monitoring technologies, such as wearables and contactless monitoring solutions, for patient mobility and ease of use. Start-ups are entering the wearable and contactless monitoring market, and several consumer-grade wearable companies are entering the medical-grade monitoring space to meet the growing demand. Vendors have started incorporating analytics, workflow management, and clinical decision solutions to reduce healthcare provider workload and increase cost savings. Technological innovations and advanced solutions have an adoption rate in high-income and middle-income countries. Most low-income countries cannot afford multiparameter monitoring devices and are looking for low-cost solutions. This study examines the multiparameter patient monitoring devices used in hospitals and outpatient settings. Portable and stationary devices used in high-, mid-, and low-acuity settings are covered in the study.--BEGIN PROMO--

Research Highlights:

  • Market size by revenue, covering historic and forecast data by segment (acuity level and end use) and region (North America, Europe, Asia- Pacific, and Rest of World)
  • Market challenges and drivers
  • Competitive landscape, including company market shares
  • Technological trends and growth opportunities for stakeholders
More Information
New Title Global Multiparameter Patient Monitoring Device Market - Growth Opportunities, Analysis, Forecast, North America, 2030
New Subtitle Opportunities in Out of hospital Facilities Boost the Future Growth Potential - Patient Monitoring Device Vendors,Patient Monitoring System,Medical Monitoring Devices
Deliverable Type Market Research
Author Utkarsha soundankar
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 wearable medical monitoring devices
Keyword 2 patient monitoring solutions
Keyword 3 health monitoring devices
Podcast No
WIP Number K88A-01-00-00-00