Multiparameter patient monitoring system is a solution that helps healthcare centres to enhance and improve clinical performance. The multiparameter patient monitors are available in a broad range. The multiparameter patient monitors have various functions such as drug dose calculation, pace detection, paediatric, adult and neonatal monitoring and night mode facility. The report provides analysis of global multiparameter patient monitoring market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global multiparameter patient monitoring market is expected to grow at significant CAGR around 4% throughout the forecast period.
growing incidences of chronic diseases such as diabetes and cancer, rising awareness regarding accessibility of technologically advanced multiparameter patient monitoring solutions, increasing geriatric population and several initiatives taken by governments are some of the fundamental factors that are driving the multiparameter patient monitoring market growth globally. Growing incidences of chronic diseases such as diabetes and cancer in various regions and rapid growth in healthcare sector are some of the factors driving the growth of the global multiparameter patient monitoring market. Various technical innovations and advancements in this field are expected to boost the development of the market in coming years. Furthermore, the growing penetration of mobile healthcare technology and increasing inclination towards the internet of things (IoT) in the medical field are some of the factors boosting the growth of the market. Furthermore, occurrences of endocrine diseases such as hyperthyroidism and diabetes are exclusively high in emerging countries and these diseases consequence in chronic conditions that needs critical monitoring and surgeries of vital parameters. Portable multiparameter patient monitors are easy to operate and are very accurate that boosts the demand for multiparameter patient monitoring devices in the treatment of elderly population base Also, favourable demographic trends such as increasing geriatric population vulnerable to diseases and various infections have positively influenced the global multiparameter patient monitoring market growth. Additionally, rising awareness regarding accessibility of technologically advanced multiparameter patient monitoring solutions among developing economies is anticipated to spur the overall market growth in the coming future. However, high cost associated with the multiparameter patient monitoring devices and lack of awareness towards technologically advanced healthcare devices are some of the factors that may restrict the growth of the global multiparameter patient monitoring market.
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Global Multiparameter patient monitoring Market, by Geography
The market research study on “Multiparameter Patient Monitoring Market (By Type: Fixed, Portable; By Acuity Level: High-Acuity, Mid-Acuity, Low-Acuity; By Age Group: Adult, Pediatric, Geriatric; By End Use: Hospitals, Homecare Settings, Ambulatory Surgical Centers) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed insights on global multiparameter patient monitoring market segments with market dynamics and their impact. The report provides insights on global multiparameter patient monitoring market by device type, acuity level, age group, end use and major geographic regions. The report also covers basic technology development policies.
The global multiparameter patient monitoring market is characterized by the presence of experienced and established players. Some of the key players include Medtronic, Inc., F. Hoffmann-La Roche Ltd., Siemens Healthcare, Biotronik, Lifewatch AG, Masimo Corporation, Care Innovations, LLC., Nihon Kohden Corporation, GE Healthcare Ltd., Johnson & Johnson, Abbott Laboratories Koninklijke Philips N.V., Omron Healthcare Co. Ltd., Honeywell International Inc., St. Jude Medical, Inc. and Smiths Medical.
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