The North America Multiparameter Patient Monitoring Systems Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Patients in critical condition are given higher acuity ratings, whilst patients in relatively good health are given intermediate and lower ratings. Every patient in the high acuity unit requires constant surveillance and attention. The high acuity monitoring systems are equipped with alarm features, which are activated whenever the parameters for the patient are outside the "safe range" configured for that particular parameter setting.
The increasing number of patients admitted to various departments of a hospital, such as emergency rooms, intensive care units (ICUs), and operating theatres, has resulted in the requirement for the implementation of these systems (OT). Mid-acuity patient monitors are designed to accommodate the requirements of a variety of hospital environments, including emergency departments, recovery units, sub-acute modules, and general wards, among others.
For the monitoring of a patient's most fundamental vital signs, low-acuity instruments are typically utilized. In ambulatory surgical centers and hospitals that are covered by the public sector, low-acuity monitors typically have a high preference because of their lower prices when compared to high-acuity multi-parameter patient monitors. This is because low-acuity monitors can measure fewer parameters at once.
In addition, there is a focus on enhancing care in low-acuity settings, such as general wards, in countries such as the United States. This is because it will enable patients to be moved from more expensive high-acuity wards sooner, while still ensuring that they receive the necessary care through monitoring and observation. There is a growing need for low-acuity monitors, which are used to ensure that every patient is watched at all times.
Canada's healthcare expenditures make for more than a quarter of its gross domestic product. The majority of this cash will be allocated to the three leading causes of death such as cardiovascular disease, cancer, and respiratory illness. In Canada's hybrid public-private healthcare system, the public sector pays for healthcare services provided by the private sector. Each province and territory are accountable for its healthcare system inside Canada. Consequently, the organization, operation, and sourcing of healthcare differed from province to province. In Canada, hospitals and other healthcare facilities may purchase their equipment, supplies, and services independently or via group buying organizations (GPOs) or shared services organizations (SSOs).
The US market dominated the North America Multiparameter Patient Monitoring Systems Market by Country in 2021; thereby, achieving a market value of $4.1 billion by 2028. The Canada market is experiencing a CAGR of 6.9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 6% during (2022 - 2028).
Based on End-Use, the market is segmented into Hospitals, Homecare Settings, Ambulatory Surgical Centers and Others. Based on Acuity Level, the market is segmented into High, Medium and Low. Based on Device Type, the market is segmented into Portable and Fixed. Based on Age Group, the market is segmented into Geriatric, Pediatric and Adult. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Multiparameter Patient Monitoring Systems Market is Estimated to reach $15.5 Billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., GE Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Drägerwerk AG & Co. KGaA, Medtronic PLC, Masimo Corporation, Skanray Technologies Ltd., Schiller AG, Spacelabs Healthcare and Smiths Medical (ICU Medical, Inc.)
Scope of the Study
Market Segments Covered in the Report:
By End-Use
- Hospitals
- Homecare Settings
- Ambulatory Surgical Centers
- Others
By Acuity Level
By Device Type
By Age Group
- Geriatric
- Pediatric
- Adult
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke Philips N.V.
- GE Healthcare
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Drägerwerk AG & Co. KGaA
- Medtronic PLC
- Masimo Corporation
- Skanray Technologies Ltd.
- Schiller AG
- Spacelabs Healthcare
- Smiths Medical (ICU Medical, Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Multiparameter Patient Monitoring Systems Market, by End-Use
1.4.2 North America Multiparameter Patient Monitoring Systems Market, by Acuity Level
1.4.3 North America Multiparameter Patient Monitoring Systems Market, by Device Type
1.4.4 North America Multiparameter Patient Monitoring Systems Market, by Age Group
1.4.5 North America Multiparameter Patient Monitoring Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Multiparameter Patient Monitoring Systems
Chapter 4. North America Multiparameter Patient Monitoring Systems Market by End-Use
4.1 North America Hospitals Market by Country
4.2 North America Homecare Settings Market by Country
4.3 North America Ambulatory Surgical Centers Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Multiparameter Patient Monitoring Systems Market by Acuity Level
5.1 North America High Market by Country
5.2 North America Medium Market by Country
5.3 North America Low Market by Country
Chapter 6. North America Multiparameter Patient Monitoring Systems Market by Device Type
6.1 North America Portable Market by Country
6.2 North America Fixed Market by Country
Chapter 7. North America Multiparameter Patient Monitoring Systems Market by Age Group
7.1 North America Geriatric Market by Country
7.2 North America Pediatric Market by Country
7.3 North America Adult Market by Country
Chapter 8. North America Multiparameter Patient Monitoring Systems Market by Country
8.1 US Multiparameter Patient Monitoring Systems Market
8.1.1 US Multiparameter Patient Monitoring Systems Market by End-Use
8.1.2 US Multiparameter Patient Monitoring Systems Market by Acuity Level
8.1.3 US Multiparameter Patient Monitoring Systems Market by Device Type
8.1.4 US Multiparameter Patient Monitoring Systems Market by Age Group
8.2 Canada Multiparameter Patient Monitoring Systems Market
8.2.1 Canada Multiparameter Patient Monitoring Systems Market by End-Use
8.2.2 Canada Multiparameter Patient Monitoring Systems Market by Acuity Level
8.2.3 Canada Multiparameter Patient Monitoring Systems Market by Device Type
8.2.4 Canada Multiparameter Patient Monitoring Systems Market by Age Group
8.3 Mexico Multiparameter Patient Monitoring Systems Market
8.3.1 Mexico Multiparameter Patient Monitoring Systems Market by End-Use
8.3.2 Mexico Multiparameter Patient Monitoring Systems Market by Acuity Level
8.3.3 Mexico Multiparameter Patient Monitoring Systems Market by Device Type
8.3.4 Mexico Multiparameter Patient Monitoring Systems Market by Age Group
8.4 Rest of North America Multiparameter Patient Monitoring Systems Market
8.4.1 Rest of North America Multiparameter Patient Monitoring Systems Market by End-Use
8.4.2 Rest of North America Multiparameter Patient Monitoring Systems Market by Acuity Level
8.4.3 Rest of North America Multiparameter Patient Monitoring Systems Market by Device Type
8.4.4 Rest of North America Multiparameter Patient Monitoring Systems Market by Age Group
Chapter 9. Company Profiles
9.1 Koninklijke Philips N.V.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.2 General Electric (GE) Co. (GE Healthcare)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Masimo Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expenses
9.4 Medtronic PLC
9.4.1 Company overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 ICU Medical, Inc. (Smiths Medical)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.6 Schiller AG
9.6.1 Company Overview
9.7 Dragerwerk AG & Co. KGaA
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.8 Mindray Medical International Limited
9.8.1 Company Overview
9.9 Skanray Technologies Ltd.
9.9.1 Company Overview
9.10. Spacelabs Healthcare (OSI Systems, Inc.)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
TABLE 1 North America Multiparameter Patient Monitoring Systems Market, 2018 - 2021, USD Million
TABLE 2 North America Multiparameter Patient Monitoring Systems Market, 2022 - 2028, USD Million
TABLE 3 North America Multiparameter Patient Monitoring Systems Market by End-Use, 2018 - 2021, USD Million
TABLE 4 North America Multiparameter Patient Monitoring Systems Market by End-Use, 2022 - 2028, USD Million
TABLE 5 North America Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Homecare Settings Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Homecare Settings Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Ambulatory Surgical Centers Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Ambulatory Surgical Centers Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Multiparameter Patient Monitoring Systems Market by Acuity Level, 2018 - 2021, USD Million
TABLE 14 North America Multiparameter Patient Monitoring Systems Market by Acuity Level, 2022 - 2028, USD Million
TABLE 15 North America High Market by Country, 2018 - 2021, USD Million
TABLE 16 North America High Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Medium Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Medium Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Low Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Low Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Multiparameter Patient Monitoring Systems Market by Device Type, 2018 - 2021, USD Million
TABLE 22 North America Multiparameter Patient Monitoring Systems Market by Device Type, 2022 - 2028, USD Million
TABLE 23 North America Portable Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Portable Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Fixed Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Fixed Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Multiparameter Patient Monitoring Systems Market by Age Group, 2018 - 2021, USD Million
TABLE 28 North America Multiparameter Patient Monitoring Systems Market by Age Group, 2022 - 2028, USD Million
TABLE 29 North America Geriatric Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Geriatric Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Pediatric Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Pediatric Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Adult Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Adult Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Multiparameter Patient Monitoring Systems Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Multiparameter Patient Monitoring Systems Market by Country, 2022 - 2028, USD Million
TABLE 37 US Multiparameter Patient Monitoring Systems Market, 2018 - 2021, USD Million
TABLE 38 US Multiparameter Patient Monitoring Systems Market, 2022 - 2028, USD Million
TABLE 39 US Multiparameter Patient Monitoring Systems Market by End-Use, 2018 - 2021, USD Million
TABLE 40 US Multiparameter Patient Monitoring Systems Market by End-Use, 2022 - 2028, USD Million
TABLE 41 US Multiparameter Patient Monitoring Systems Market by Acuity Level, 2018 - 2021, USD Million
TABLE 42 US Multiparameter Patient Monitoring Systems Market by Acuity Level, 2022 - 2028, USD Million
TABLE 43 US Multiparameter Patient Monitoring Systems Market by Device Type, 2018 - 2021, USD Million
TABLE 44 US Multiparameter Patient Monitoring Systems Market by Device Type, 2022 - 2028, USD Million
TABLE 45 US Multiparameter Patient Monitoring Systems Market by Age Group, 2018 - 2021, USD Million
TABLE 46 US Multiparameter Patient Monitoring Systems Market by Age Group, 2022 - 2028, USD Million
TABLE 47 Canada Multiparameter Patient Monitoring Systems Market, 2018 - 2021, USD Million
TABLE 48 Canada Multiparameter Patient Monitoring Systems Market, 2022 - 2028, USD Million
TABLE 49 Canada Multiparameter Patient Monitoring Systems Market by End-Use, 2018 - 2021, USD Million
TABLE 50 Canada Multiparameter Patient Monitoring Systems Market by End-Use, 2022 - 2028, USD Million
TABLE 51 Canada Multiparameter Patient Monitoring Systems Market by Acuity Level, 2018 - 2021, USD Million
TABLE 52 Canada Multiparameter Patient Monitoring Systems Market by Acuity Level, 2022 - 2028, USD Million
TABLE 53 Canada Multiparameter Patient Monitoring Systems Market by Device Type, 2018 - 2021, USD Million
TABLE 54 Canada Multiparameter Patient Monitoring Systems Market by Device Type, 2022 - 2028, USD Million
TABLE 55 Canada Multiparameter Patient Monitoring Systems Market by Age Group, 2018 - 2021, USD Million
TABLE 56 Canada Multiparameter Patient Monitoring Systems Market by Age Group, 2022 - 2028, USD Million
TABLE 57 Mexico Multiparameter Patient Monitoring Systems Market, 2018 - 2021, USD Million
TABLE 58 Mexico Multiparameter Patient Monitoring Systems Market, 2022 - 2028, USD Million
TABLE 59 Mexico Multiparameter Patient Monitoring Systems Market by End-Use, 2018 - 2021, USD Million
TABLE 60 Mexico Multiparameter Patient Monitoring Systems Market by End-Use, 2022 - 2028, USD Million
TABLE 61 Mexico Multiparameter Patient Monitoring Systems Market by Acuity Level, 2018 - 2021, USD Million
TABLE 62 Mexico Multiparameter Patient Monitoring Systems Market by Acuity Level, 2022 - 2028, USD Million
TABLE 63 Mexico Multiparameter Patient Monitoring Systems Market by Device Type, 2018 - 2021, USD Million
TABLE 64 Mexico Multiparameter Patient Monitoring Systems Market by Device Type, 2022 - 2028, USD Million
TABLE 65 Mexico Multiparameter Patient Monitoring Systems Market by Age Group, 2018 - 2021, USD Million
TABLE 66 Mexico Multiparameter Patient Monitoring Systems Market by Age Group, 2022 - 2028, USD Million
TABLE 67 Rest of North America Multiparameter Patient Monitoring Systems Market, 2018 - 2021, USD Million
TABLE 68 Rest of North America Multiparameter Patient Monitoring Systems Market, 2022 - 2028, USD Million
TABLE 69 Rest of North America Multiparameter Patient Monitoring Systems Market by End-Use, 2018 - 2021, USD Million
TABLE 70 Rest of North America Multiparameter Patient Monitoring Systems Market by End-Use, 2022 - 2028, USD Million
TABLE 71 Rest of North America Multiparameter Patient Monitoring Systems Market by Acuity Level, 2018 - 2021, USD Million
TABLE 72 Rest of North America Multiparameter Patient Monitoring Systems Market by Acuity Level, 2022 - 2028, USD Million
TABLE 73 Rest of North America Multiparameter Patient Monitoring Systems Market by Device Type, 2018 - 2021, USD Million
TABLE 74 Rest of North America Multiparameter Patient Monitoring Systems Market by Device Type, 2022 - 2028, USD Million
TABLE 75 Rest of North America Multiparameter Patient Monitoring Systems Market by Age Group, 2018 - 2021, USD Million
TABLE 76 Rest of North America Multiparameter Patient Monitoring Systems Market by Age Group, 2022 - 2028, USD Million
TABLE 77 Key Information – Koninklijke Philips N.V.
TABLE 78 Key Information – General Electric (GE) Co.
TABLE 79 Key Information – MASIMO CORPORATION
TABLE 80 Key Information – Medtronic PLC
TABLE 81 Key information – ICU Medical, Inc.(Smiths medical)
TABLE 82 Key Information – Schiller AG
TABLE 83 Key Information – Dragerwerk AG & Co. KGaA
TABLE 84 Key Information – Mindray Medical International Limited
TABLE 85 Key Information – Skanray Technologies Ltd.
TABLE 86 Key Information – Spacelabs Healthcare
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Koninklijke Philips N.V.
FIG 3 Swot analysis: General electric (GE) Co.
FIG 4 Swot analysis: Medtronic plc