Product ID: UCMIG35D2238
Report ID:
UCMIG35D2238 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for multiparameter patient monitoring systems reached a value of $11.56 billion in 2022 and is anticipated to experience a compounded annual growth rate (CAGR) of 5.7% between 2023 and 2030. This expansion is primarily fueled by the rising demand for early detection and treatment of chronic diseases, an increasing need for real-time patient monitoring in critical care units, the utilization of data points to enhance clinical decision-making, and the delivery of hospital-level care in home-based healthcare environments. The growth trajectory encountered challenges during the COVID-19 pandemic, yet it's worth noting that the COVID-19 crisis had a positive impact on the multiparameter monitoring devices sector.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35D2238