Multi-item patient Monitor Market Snapshot (2022 to 2032)

Global Multi-item patient Monitor demand is anticipated to be valued at USD 39.0 Billion in 2022, forecast to grow at a CAGR of 3.61% to be valued at USD 55.6 Billion from 2022 to 2032. Growth is attributed to an increase in healthcare expenditure.

Report Attribute Details
Estimated Base Year Value (2021) USD 37.7 Billion
Expected Market Value (2022) USD 39.0 Billion
Anticipated Forecast Value (2032) USD 55.6 Billion
Projected Growth Rate (2022 to 2032) 3.61% CAGR

Multi-item patient monitor is a medical device that consists of a processing component, monitoring sensors and a screen display which is widely used for measuring and storing a patient’s vital signs such as body temperature, blood pressure, pulse rate, and respiratory rate. This device enhances the quality of healthcare in both the in-patient wards and intensive care units (ICU).

One of the major factors that is expected to accelerate the growth of the Multi-item patient monitor market during the forecast period include the continuous increase in demand for home-based medical treatments for the geriatric population, as the demand for these portable devices, which are easy and convenient to use.

Other major factors including the increase in healthcare expenditure, improved healthcare infrastructure, and rise in disposable income are likely to boost the market growth during the forecast period.

On the Contrary, the poor reimbursement policies for the device and the high associated costs are further projected to impede the growth of the rib fracture treatment market in the timeline period.

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Which Are Some Prominent Drivers Spearheading Multi-Item Patient Monitor Market Growth?

The high demand for real-time patient monitors in critical care units, growing product penetration and popularity across regions, growing demand for early diagnosis and treatment of chronic diseases, documenting changes in a patient’s condition at every stage, and the need to make better clinical decisions on the spot are the major factors that are expected to fuel the market growth over the analysis period.

Multi-item patient monitors are consistently being improved in technology, especially for better algorithm-based monitoring. Remote patient monitoring has evolved over the years and thus, which in turn boosts the demand for multi-item patient monitors over time.

Several macro-economic factors such as an increase in healthcare expenditure, improved healthcare infrastructure, and rise in disposable income are also expected to contribute to the growth of the multi-item patient monitor market during the forecast period.

Additionally, a paradigm shift of multi-item patient monitors for use in hospitals to use in mobility services and ambulatory centers is other major factor that is expected to augment the growth of the multi-item patient monitors in the near future.

What Are The Challenges Faced By The Multi-Item Patient Monitor Industry?

The lack of maintenance of Multi-item patient monitors during economic crisis in developing regions is one of the major factors that is anticipated to impede the growth of the multi-item patient monitoring market over the forecast period.

Additionally, the high costs associated with these monitors, coupled with poor reimbursement policies for the device might hamper the market growth for multi-item patient monitors during the analysis period.

Sabyasachi Ghosh
Sabyasachi Ghosh

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Why Is North America Emerging As An Opportunistic Multi-Item Patient Monitor Market?

The Multi-item patient Monitor market in North America is expected to hold largest share of USD 34.6 Billion. Considering the revenue generation, the regional market is expected to reach at a CAGR of 2.97% during the forecast period.

The multi-item patient monitoring market in North America is expected to dominate the global market, owing to the high product penetration and growing number of intensive care facilities and improved healthcare infrastructure in the region.

Moreover, factors such as more initiatives to provide advanced products, higher research expenditure, and private-public partnerships are expected to propel the North America’s multi-item patient monitoring market. In addition, the high prevalence of chronic diseases and the introduction of supportive reimbursement schemes are some vital factors governing the growth of the market in this region.

How Is Asia-Pacific Contributing To Growth Of The Multi-Item Patient Monitor Market?

The Asia-Pacific Multi-item patient Monitor market is expected to reach at a CAGR of 1.54% with a market value of USD 25.4 Billion. Additionally, Southeast Asia is facing an increase in the trend for these monitors, attributed to the use of multi-item patient monitors via Wi-Fi and other networks.

Increasing per capita income, economic development, and unmet needs of a large population in the Asia Pacific region are expected to contribute to the regional market growth. Rising demand for remote patient monitoring and related services due to the increasing government spending on healthcare is anticipated to augment the market growth.

Furthermore, China is the leading producer of low-cost electronic chips and products. Hence, it is projected to attract investors in China, thereby contributing to the market growth.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Market Competition

Some of the key participants present in the global Multi-item patient Monitor market include GE Healthcare, Mindray, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., OSI Systems, Inc, Microchip Technology Inc., Hipac Healthcare Pty Ltd, Arjo, Schiller, Heyer Medical AG, SUNRAY MEDICAL APPARATUS CO.LTD, TENKO MEDICAL, Drägerwerk AG & Co. KGaA and Fukuda Denshi, among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as GE Healthcare, Mindray, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., OSI Systems, Inc, and Microchip Technology Inc., account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.

Report Scope

Report Attribute Details
Growth Rate CAGR of 3.61% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2017 to 2021
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered Acuity Type, Application, End-User, Region
Regional Scope North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, China, Japan, Middle East and Africa
Country Scope USA, Canada, Mexico, Brazil, UK, Germany, France, Spain, Italy, Poland, Russia, China, India, ASEAN, Australia, New Zealand, GCC, South Africa, North Africa
Key Companies Profiled GE Healthcare, Mindray, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., OSI Systems, Inc, Microchip Technology Inc., Hipac Healthcare Pty Ltd, Arjo, Schiller, Heyer Medical AG, SUNRAY MEDICAL APPARATUS CO.LTD, TENKO MEDICAL, Drägerwerk AG & Co. KGaA and Fukuda Denshi, among others
Customization Scope Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs.

Key Segments Profiled In The Multi-Item Patient Monitor Industry Survey

Multi-item patient Monitor Market By Acuity Type:

  • High-acuity monitors
  • MRI-compatible monitors
  • Critical care monitors
  • Peri-operative monitors
  • Medium-acuity monitors
  • Post-anaesthesia care monitors
  • Emergency care monitors
  • Low-acuity monitors
  • Vital Sign monitors
  • Ambulatory monitors

Multi-item patient Monitor Market By Application:

  • Neurology
  • Cardiology
  • Respiratory
  • Fatal & Neonatal
  • Remote Monitoring
  • Weight Monitoring
  • Temperature Monitoring

Multi-item patient Monitor Market By End-User:

  • Hospitals
  • Ambulatory Care Centers
  • Clinics
  • Diagnostic Laboratories
  • Home-care Settings

Multi-item patient Monitor Market By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • China
  • Japan
  • Middle East & Africa

Frequently Asked Questions

What is the anticipated growth of the Multi-item patient Monitor market until 2032?

FMI projects the global Multi-item patient Monitor market to expand at a 3.61% value CAGR by 2032

Which region is forecast to be the most lucrative for Multi-item patient Monitor market growth?

North America is expected to be the most opportunistic Multi-item patient Monitor market, expanding at 2.97% CAGR

Which are some prominent Multi-item patient Monitor manufacturers?

GE Healthcare, Mindray, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., OSI Systems, Inc, and Microchip Technology Inc., are some prominent Multi-item patient Monitor manufacturers

Table of Content
	1. Executive Summary
	2. Market Overview
	3. Market Background
	4. Global Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
	5. Global Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Acuity Type
		5.1. High-acuity Monitors
		5.2. MRI-compatible Monitors
		5.3. Critical Care Monitors
		5.4. Peri-operative Monitors
		5.5. Medium-acuity Monitors
		5.6. Post-anaesthesia Care Monitors
		5.7. Emergency Care Monitors
		5.8. Low-acuity Monitors
		5.9. Vital Sign Monitors
		5.10. Ambulatory Monitors
	6. Global Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
		6.1. Neurology
		6.2. Cardiology
		6.3. Respiratory
		6.4. Fetal & Neonatal
		6.5. Remote Monitoring
		6.6. Weight Monitoring
		6.7. Temperature Monitoring
	7. Global Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User
		7.1. Hospitals
		7.2. Ambulatory Care Centers
		7.3. Clinics
		7.4. Diagnostic Laboratories
		7.5. Home-care Settings
	8. Global Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
		8.1. North America
		8.2. Latin America
		8.3. Europe
		8.4. Asia Pacific
		8.5. Middle East and Africa
	9. North America Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	10. Latin America Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	11. Europe Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	12. Asia Pacific Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	13. Middle East and Africa Multi-item Patient Monitor Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	14. Key Countries Multi-item Patient Monitor Market Analysis
	15. Market Structure Analysis
	16. Competition Analysis
		16.1. GE Healthcare
		16.2. Mindray
		16.3. NIHON KOHDEN CORPORATION
		16.4. Koninklijke Philips N.V.
		16.5. OSI Systems
		16.6. Microchip Technology Inc.
		16.7. Hipac Healthcare
		16.8. Arjo
		16.9. Schiller
		16.10. Heyer Medical AG
		16.11. SUNRAY MEDICAL APPARATUS
		16.12. TENKO
		16.13. Drägerwerk AG & Co. KGaA
		16.14. Fukuda Denshi
	17. Assumptions & Acronyms Used
	18. Research Methodology
Recommendations

Healthcare

Remote Patient Monitoring Devices Market

June 2024

REP-GB-1240

250 pages

Healthcare

Critical Care Patient Monitoring Products Market

May 2024

REP-GB-575

250 pages

Healthcare

Bariatric Patient Room Market

December 2022

REP-GB-2142

250 pages

Healthcare

Wireless Patient Monitoring Market

December 2022

REP-GB-1859

250 pages

Explore Healthcare Insights

View Reports
Future Market Insights

Multi-item patient Monitor Market

Schedule a Call