Market Research Report
Multiparameter Patient Monitoring Systems Market Size, Share & Trends Analysis Report By Device Type (Fixed, Portable), By Activity Level (High, Medium, Low), By Age Group, By End-use, By Region, And Segment Forecasts, 2021 - 2028
|Multiparameter Patient Monitoring Systems Market Size, Share & Trends Analysis Report By Device Type (Fixed, Portable), By Activity Level (High, Medium, Low), By Age Group, By End-use, By Region, And Segment Forecasts, 2021 - 2028|
Published: August 4, 2021
Grand View Research, Inc.
Content info: 132 Pages
Delivery time: 2-10 business days
The global multiparameter patient monitoring systems market size is anticipated to reach USD 16.1 billion by 2028, expanding at a CAGR of 5.7%, according to a new report by Grand View Research, Inc. Rising health concerns and resultant need to constantly monitor the health parameters of patients, before and after surgery is creating demand for multiparameter patient monitoring systems.
The market growth is also supported by the increasing need for hospital transport, such as intrahospital or out-of-the-hospital transport. For special examination and therapy, hospitals require intrahospital transport, which calls for more continuous monitoring of vital signs including heart rate, blood pressure, blood oxygen saturation by pulse oximetry, and electrocardiography.
Healthcare providers are continually looking for innovative products to provide superior quality of care, which is also expected to drive the market. Mobile solutions, data integration low-acuity monitoring remain key trends to improve the cost efficiency of patient monitoring solutions. Key companies are introducing advanced products, such as integrated remote monitoring solutions with added features of greater connectivity through cloud technology and WiFi.
For instance, Radius-7 Pulse Co-Oximeters by Masimo Corp., which got U.S. FDA approval in March 2020. It is a wearable patient monitor with flexible functionality of WiFi, Bluetooth, and alarms.