Research Nester assesses the growth and market size of global multiparameter patient monitoring market which is anticipated to be on account of the growing adoption of wireless networks and growing prevalence of chronic disorders across the globe.
Research Nester’s recent market research analysis on “Multiparameter Patient Monitoring Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global Multiparameter Patient Monitoring market in terms of market segmentation by device, acuity level, end-use, age group, and by region.
Growing Demand for Wearable Devices to Promote Global Market Share of Multiparameter Patient Monitoring
The global multiparameter patient monitoring market is estimated to grow majorly on account of the increasing need for wearable technology. Patients can be continuously monitored with wearable remote monitoring systems as they provide real-time data on a person's physiological state and can track mobility activities.
The global multiparameter patient monitoring market is estimated to grow majorly on account of the increasing elderly population. Age-related illnesses call for multiparameter patient monitoring systems, as they help in conducting descriptive and predictive analyses of patient data to raise the standard of living.
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Some of the major growth factors and challenges that are associated with the growth of the global multiparameter patient monitoring market are:
Growth Drivers:
• Surge in Trend of Remote Patient Monitoring Globally
• Rising Surgical Procedures
Challenges:
The rising concern for risks associated with data security with Multiparameter Patient Monitoring, and the exorbitant cost of the monitoring systems are some of the major factors anticipated to hamper the global market size of multiparameter patient monitoring. Multiparameter patient monitoring devices are sophisticated monitoring tools used in hospitals by medical staff to diagnose patients' vital signs by gathering data from cutting-edge sensors which can be expensive.
By device, the global multiparameter patient monitoring market is segmented into portable and fixed. The portable segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Portable multiparameter patient monitoring allows for simple mobility between various hospital departments and helps patients to routinely monitor their health directly at home which is practical and affordable.
Additionally, the fixed segment is poised to garner a significant share. Fixed systems, provide ongoing monitoring of patient's vital signs, can track the physiological parameters of the patient, such as the ECG and heart rate (HR),., and are typically deployed in healthcare facilities.
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By region, the Europe multiparameter patient monitoring market is to generate the highest revenue by the end of 2036. This growth is anticipated by growing elderly population in the region. Owing to the combination of four demographic changes, Europe has some of the oldest populations in the world. For instance, in 2022, more than 20% of EU citizens were 65 years of age or older. Moreover, Italy had the highest proportion of elderly people in Europe in 2022, accounting for more than 23% of the total population. An increase in the prevalence of chronic diseases (CDs) including malignancies like lung cancer or prostate cancer, is one of the main effects of population aging which can manifest in various ways. Therefore, with an aging population, chronic diseases have become more common in Europe over the past few decades, which is expected to increase the demand for multiparameter patient monitoring in the region as the elderly population requires constant monitoring of their health conditions.
Besides this, telemedicine has been helpful in the screening, diagnosis, management, therapy, and long-term follow-up of a number of chronic diseases, and the EU has started to advocate its usage as a way to improve healthcare. This has prompted the growth of practices like remote treatment and computerized prescriptions.
Furthermore, the multiparameter patient monitoring market in North America is estimated to hold the second largest, during the forecast timeframe. The growth can be attributed to rising cases of blood pressure in the region. For instance, in the US, hypertension affects over 110 million adults or close to half of the population. This may significantly drive the market demand for multiparameter patient monitoring in the region as it helps in continuously monitoring blood pressure levels.

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This report also provides the existing competitive scenario of some of the key players of the global multiparameter patient monitoring market which includes company profiling of Spacelabs Healthcare, Koninklijke Philips N.V., ICU Medical, Inc., GE Healthcare, Drägerwerk AG & Co. KGaA, Medtronic, MASIMO CORPORATION, Skanray Technologies, Schiller, Shenzhen Mindray Bio-Medical Electronics Co., and others.
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