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Multiparameter Patient Monitoring Equipment Market by Product and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45353
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The multiparameter patient monitoring equipment market size will decline by USD 1.51 billion during 2020-2024, and the market’s growth momentum will decelerate during the forecast period.

This report provides a detailed analysis of the market by product (high-acuity monitors, mid-acuity monitors, and low-acuity monitors) and geography (North America, Europe, APAC, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Caretaker Medical NA, Contec Medical Systems Co. Ltd., Dragerwerk AG & Co. KGaA, Fukuda Denshi Co. Ltd., General Electric Co., HEYER Medical AG, Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Market Overview

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Market Competitive Analysis

The market is fragmented. Caretaker Medical NA, Contec Medical Systems Co. Ltd., Dragerwerk AG & Co. KGaA, Fukuda Denshi Co. Ltd., General Electric Co., HEYER Medical AG, Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and Shenzhen Mindray Bio-Medical Electronics Co. Ltd. are some of the major market participants. Factors such as increasing prevalence of chronic diseases will offer immense growth opportunities. However, high cost of multiparameter patient monitoring equipment may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this multiparameter patient monitoring equipment market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this multiparameter patient monitoring equipment market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Caretaker Medical NA
  • Contec Medical Systems Co. Ltd.
  • Dragerwerk AG & Co. KGaA
  • Fukuda Denshi Co. Ltd.
  • General Electric Co.
  • HEYER Medical AG
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

 

Multiparameter Patient Monitoring Equipment Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The rising demand for robust systems for continuous real-time patient monitoring will significantly influence the multiparameter patient monitoring equipment market's growth in this region.

39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for multiparameter patient monitoring equipment in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the multiparameter patient monitoring equipment market size.

Multiparameter Patient Monitoring Equipment Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive multiparameter patient monitoring equipment market growth during the next five years
  • Precise estimation of the multiparameter patient monitoring equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the multiparameter patient monitoring equipment industry across North America, Europe, APAC, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of multiparameter patient monitoring equipment market vendors

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Multiparameter Patient Monitoring Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Decelerate at a CAGR of 6%

Market growth 2020-2024

$ 1.51 billion

Market structure

Fragmented

YoY growth (%)

7.21

Regional analysis

North America, Europe, APAC, and ROW

Performing market contribution

North America at 39%

Key consumer countries

US, Germany, Mexico, Canada, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Caretaker Medical NA, Contec Medical Systems Co. Ltd., Dragerwerk AG & Co. KGaA, Fukuda Denshi Co. Ltd., General Electric Co., HEYER Medical AG, Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • High-acuity monitors - Market size and forecast 2019-2024
  • Mid-acuity monitors - Market size and forecast 2019-2024
  • Low-acuity monitors - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market segmentation by End-user

  • Hospitals
  • ASCs
  • Home care
  • Others
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Caretaker Medical NA
  • Contec Medical Systems Co. Ltd.
  • Dragerwerk AG & Co. KGaA
  • Fukuda Denshi Co. Ltd.
  • General Electric Co.
  • HEYER Medical AG
  • Koninklijke Philips NV
  • Nihon Kohden Corp.
  • OSI Systems Inc.
  • Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The multiparameter patient monitoring equipment market growth will increase by $1516.00 million during 2019-2024.
The multiparameter patient monitoring equipment market is expected to grow at a CAGR of 6.14% during 2019-2024.
Technavio has segmented the multiparameter patient monitoring equipment market by product (High-acuity monitors, Mid-acuity monitors, and Low-acuity monitors) and geographic (North America, Europe, APAC, and ROW).
Caretaker Medical NA, Contec Medical Systems Co. Ltd., Dragerwerk AG & Co. KGaA, Fukuda Denshi Co. Ltd., General Electric Co., HEYER Medical AG, Koninklijke Philips NV, Nihon Kohden Corp., OSI Systems Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd. are a few of the key vendors in the multiparameter patient monitoring equipment market.
North America will register the highest growth rate of 39.45% among the other regions. Therefore, the multiparameter patient monitoring equipment market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the multiparameter patient monitoring equipment market growth are:
  • Increasing prevalence of chronic diseases
The multiparameter patient monitoring equipment market vendors should focus on grabbing business opportunities from the high-acuity monitors segment as it accounted for the largest market share in the base year.
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