Bedside Multiparameter Monitors Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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Bedside Multiparameter Monitors Market Report Overview
The bedside multiparameter monitors market size was $1.96 billion in 2023 and will grow at a CAGR of more than 1% from 2023 to 2033. A bedside multiparameter monitor is a combination of devices or processes that collects, transmits and presents real-time health data for different parameters to professional health care providers. The health statistics or data is captured through a set of capturing devices like ECG leads, pulse oximeters, inflatable rubber cuffs for blood pressure measurement, etc. This data is then electronically transmitted to a data collection device that consists of software, which translates the binary information into health parameters which is displayed on a monitor.
Bedside Multiparameter Monitors Market Outlook 2023-2033 ($ Billion)
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The bedside multiparameter monitors market research report identifies quantitative market trends within patient monitoring therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the bedside multiparameter monitors market for 2020 and beyond. Furthermore, the report provides bedside multiparameter monitors market share by a company that will help in identifying untapped market opportunities.
Market Size (2023) | $1.96 billion |
CAGR (2023-2033) | >1% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Regions |
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Key Companies |
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Regional Analysis of Bedside Multiparameter Monitors Market
The key regions in the bedside multiparameter monitors market are Asia-Pacific, Europe, the Middle East, and Africa. North America and South and Central America are other leading regional markets. In 2023, the European bedside multiparameter monitors market was the leading regional segment.
GlobalData expects the market growth to be stable in this region in the future. While revenue growth will be positive through the forecast period, the economic climate in Europe will affect the market expansion. The critical care bedside multiparameter monitors segment leads the EU bedside multiparameter monitors market.
Bedside Multiparameter Monitors Market Analysis by Regions, 2023 (%)
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Bedside Multiparameter Monitors Market – Competitive Landscape
In 2023, Koninklijke Philips NV bedside multiparameter monitors’ market share was the highest
The major players in the bedside multiparameter monitors market are:
- Koninklijke Philips NV
- GE HealthCare Technologies Inc
- Shenzhen Mindray Bio-Medical Electronics Co Ltd
- Dragerwerk AG & Co KGaA
- OSI Systems
The key strategies that major companies are following are diverse offerings in ICU and emergency care, tailoring marketing approaches to each national market, and continued investments in R&D. Additionally, the strategy of optimizing the time of market introduction of competitive products is also used by the companies.
Bedside Multiparameter Monitors Market Analysis by Companies, 2023 (%)
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Bedside Multiparameter Monitors Market Dynamics
- Trends: The market of bedside multiparameter monitors will witness growth during the forecast years as patient monitoring is vital to ascertain the prognosis of a disease. During the Covid 19 pandemic, the market did not decline significantly despite decreasing procedure volumes as monitoring of vital signs like blood oxygen levels, blood pressure, temperature, and carbon dioxide levels was of great importance for the treatment of COVID-19-infected patients. This pandemic led to an increase in demand for more healthcare facilities like hospitals and ASCs which will result in growth of the market for multiparameter monitors.
- Future Outlook: With the continued advancement in IoT and PDA technologies across the world, likely, patient monitoring systems will adapt to the changes and innovations in this field. The bedside multiparameter monitors now consist of touch screens and are linked to other PDA devices like smartphones, tablets, laptops, etc. through which the monitoring of vital signs of a patient has not only become accurate but also quite easy. With the introduction of wireless bedside patient monitors, they are now used outside of hospital settings as well, like in homes of critical care patients.
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Segments Covered in this Report
Bedside Multiparameter Monitors Regional Outlook ($ Billion, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are:
The bedside multiparameter monitors market research report includes an insightful review of the key industry trends.
- The bedside multiparameter monitors market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
- The report also includes market-level data on units, average selling prices, and market values.
Regional, country, and global bedside multiparameter monitors market insights:
- The bedside multiparameter monitors market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- Bedside multiparameter monitors market SWOT analysis.
- The report provides trends and bedside multiparameter monitors market competitive dynamics.
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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.
Companies covered: Koninklijke Philips NV, GE HealthCare Technologies Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd, Dragerwerk AG & Co KGaA, Spacelabs Healthcare Ltd., and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.
Scope
- Extensive coverage of the bedside multiparameter monitors market under development.
- An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
- Reviews of major players involved in the development of the bedside multiparameter monitors market and lists all their pipeline projects.
- Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
- Key clinical trial data of ongoing clinical trials specific to pipeline products.
- Recent developments in the segment/industry.
Reasons to Buy
- Understand the COVID-19 impact on bedside multiparameter monitors.
- Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving bedside multiparameter monitors.
- Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
- Formulate effective sales and marketing strategies with a detailed evaluation of bedside multiparameter monitors market share by company. Identify strong competitors and create winning strategies to stand out in the global bedside multiparameter monitors market.
- Track regional bedside multiparameter monitors market sales as well as country-specific transactions from 2015-2033.
- Organize your sales and marketing efforts by identifying the global bedside multiparameter monitors market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.
GE HealthCare Technologies Inc
Shenzhen Mindray Bio-Medical Electronics Co Ltd
Dragerwerk AG & Co KGaA
Spacelabs Healthcare Ltd.
Others
Frequently asked questions
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What was the bedside multiparameter monitors’ market size in 2023?
The size of the bedside multiparameter monitors market was $1.96 billion in 2023.
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What will the CAGR of the bedside multiparameter monitors market be during 2023-2033?
The bedside multiparameter monitors will grow at a CAGR of more than 1% during 2023-2033.
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Which region held the largest share of the bedside multiparameter monitors market in 2023?
Europe was the largest regional market for bedside multiparameter monitors in 2023.
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Which are the leading players in the bedside multiparameter monitors market?
The leading bedside multiparameter monitors market companies are Koninklijke Philips NV, GE HealthCare Technologies Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd, Dragerwerk AG & Co KGaA, OSI Systems, and Others.
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