Multiparameter Patient Monitoring Devices market is expected to grow at a significant rate, exhibiting a CAGR of 4.0% to reach USD 5 billion by 2023-2030. Multiparameter patient monitoring includes devices used for continuous monitoring of physiological and vital parameters such as temperature, blood pressure, oxygen saturation in blood, respiration rate, and capnography in patients constantly. These types of monitors are used in emergency settings, operation theatres, intensive care units, and physician’s clinics.The market is driven by the growing prevalence of chronic diseases such as respiratory and cardiovascular diseases. Over 35 million people are suffering from chronic obstructive pulmonary disease in Japan, Europe, and the US. However, the high cost and low accuracy of these devices are some of the major factors restraining the growth of the market. A significant trend in the multiparameter patient monitoring device market is the increased adoption of portable multiparameter monitors.
Metrics |
Details |
Market CAGR |
4% |
Segments Covered |
By Product Type, End-User, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
$4350
$4350
$3750
$4350
$4350
$4350