Global Multiparameter Patient Monitoring Market Size, Share, Growth Analysis, By Acuity Level(High Acuity Level, Medium Acuity Level), By End user(Hospital, Homecare Settings) - Industry Forecast 2024-2031

Report ID: SQMIG35A2662 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 65

Global Multiparameter Patient Monitoring Market News

In August 2022, SmartCardia launched its Cardiac Monitoring Patch in India. Powered by an AI platform, the 7L patch is developed from extensive analysis of millions of ECG segments by certified cardiac technicians and cardiologists. The patch enables real-time detection of significant arrhythmia events at an accuracy level comparable to that of cardiologists, allowing for more effective cardiac monitoring and care.

In September 2022, Google Cloud and Fitbit Health Solutions collaborated to introduce the Device Connect for Fitbit solution, aiming to offer healthcare organizations a comprehensive understanding of patients' health beyond clinical settings using data from wearable devices. Google's technology focuses on providing healthcare companies with quicker insights while ensuring data security and privacy, ultimately working towards enhancing people's well-being.

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Multiparameter Patient Monitoring Market size was valued at USD 10.99 billion in 2021 and is poised to grow from USD 11.54 billion in 2022 to USD 17.12 billion by 2030, growing at a CAGR of 5.05% in the forecast period (2023-2030).

The global multiparameter patient monitoring market features a highly competitive landscape with several key players vying for market share. Major companies in this market are focused on continuous technological advancements to enhance the capabilities and accuracy of their monitoring devices. They also emphasize expanding their product portfolios to cater to diverse medical needs. Additionally, strategic partnerships, acquisitions, and collaborations are common strategies employed by players to strengthen their market position. The competitive environment fosters innovation, cost-efficiency, and customer-centric solutions, driving the overall growth of the multiparameter patient monitoring market. 'General Electric Company (GE Healthcare) – (US)', 'Koninklijke Philips N.V. – (Netherlands)', 'Medtronic - (US)', 'Shenzhen Mindray Bio-Medical Electronics Co. Ltd. – (China)', 'Nihon Kohden Corporation – (Japan)', 'Drägerwerk AG & Co. KGaA – (Germany)', 'Skanray Technologies Ltd. – (India)', 'Baxter International Inc. - (US)', 'Opto Circuits (India) Limited – (India)', 'OSI Systems Inc. - (US)'

The continuous development of advanced technologies in medical devices, such as wireless connectivity, remote monitoring capabilities, and improved sensor accuracy, is driving the global multiparameter patient monitoring market. These innovations enhance the efficiency and reliability of patient monitoring, leading to better patient outcomes.

Technological Advancements:

The global multiparameter patient monitoring market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The “North American” region is identified as the most dominant segment in the global multiparameter patient monitoring market. This is primarily due to the presence of advanced healthcare infrastructure, high healthcare expenditure, and strong adoption of medical technologies in countries like the United States and Canada.

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Global Multiparameter Patient Monitoring Market Size, Share, Growth Analysis, By Acuity Level(High Acuity Level, Medium Acuity Level), By End user(Hospital, Homecare Settings) - Industry Forecast 2024-2031

Global Multiparameter Patient Monitoring Market News

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