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GLOBAL INDUSTRY INSIGHT: Multiparameter Patient Monitoring Equipment Market Development and
Demand Forecast to 2020
Global Multiparameter Patient Monitoring Equipment Market
Development and Demand Forecast to 2020
The global multiparameter patient monitoring equipment market is growing at a significant rate, due to increased
chronic diseases such as chronic obstructive pulmonary disease, diabetes and cardiovascular diseases. More
than 35 million people are suffering from chronic obstructive pulmonary disease in Japan, Europe and the U.S.
Private institutional nursing is providing ample opportunity to the growth of multiparameter patient in the coming
years.
North America leads the multiparameter patient monitoring equipment market, due to increase in number of
hospitalizations in the region. Additionally, strong economic growth has been reported in the developing countries
such as, China and India due to large population base and increased healthcare investment. As a result,
emerging economies are expected to support the multiparameter patient monitoring equipment market to grow
with a significant rate in coming years.
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Multiparameter patient monitoring equipments are monitoring systems that measure and display waveforms and
numerical data for the patient. The parameters are achieved through monitoring systems used for the treatment
and diagnosis of patients in numerous healthcare departments. The multiparameter patient monitoring
equipments are used to display signals of numerous essential signs such as, heart rate, respiratory rate, ECG,
temperature and blood pressure.
The multiparameter patient monitoring equipments work by translating electrical signals into readable form and
displaying them on the monitor. Multiparameter patient monitoring equipments centralizes the function of
parameter measurement module, output, record and display to create a portable and compact device. It has a
built in replaceable battery, which provides convenience for patient movement. The monitor of the device is
equipped with a high resolution multicolor thin film transistor (TFT) light emitting diode (LED) screen.
Multiparameter patient monitoring equipments are user friendly and could be operated by using few buttons and
rotary knob on the front panel of device.
On the basis of type of monitor, the multiparameter patient monitoring equipment market can be categorized into
low acuity monitors, mid acuity monitors and high acuity monitors. Low acuity monitors include ambulatory
monitors and vital sign monitors. Mid acuity monitors include emergency care monitor and post anesthesia care
monitors. High acuity monitors include critical care monitors, magnetic resonance imaging (MRI) compatible
monitors and perioperative monitor. Steady growth in the use of low acuity products at home setups is driving the
multiparameter patient monitoring equipment market.
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Global Multiparameter Patient Monitoring Equipment Market
Development and Demand Forecast to 2020
The multiparameter patient monitoring equipment market can also be categorized on the basis of end users as
clinics, home healthcare, rehabilitation centers, hospitals, diagnostic, physician offices, research and surgical
centers. Home healthcare leads the multiparameter patient monitoring equipment market under the end user
categories, due to the implementation of strict policies and regulations set by the government.
One of the major trends in the multiparameter patient monitoring equipment market is increased adoption of
portable multiparameter monitors. The growth of aging population increases the occurrence of chronic diseases
and increased hospitalization, resulting in the expansion of the multiparameter patient monitoring equipment
market. High cost and low accuracy of equipments, economic crisis and unpredictable reimbursement policies are
some of the major factors restraining the growth of the multiparameter patient monitoring equipment market.
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Some of the competitors in the multiparameter patient monitoring equipment market are GE Healthcare, Edwards
Lifesciences Corporation, Nihon Kohden Corporation, Guangdong Biolight Meditech Co. Ltd., Philips N.V., CAS
Medical Systems, Mindray Medical International Limited, Spacelabs Healthcare, Omron Healthcare, Inc.,
Drägerwerk AG & Co., Larsen & Toubro Limited, Schiller Healthcare, and Contec Medical Ltd.
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Global Multiparameter Patient Monitoring Equipment Market
Development and Demand Forecast to 2020
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