Multiparameter Patient Monitoring Equipment Market - Share Assessments for the Regional and Country Level Segments

The global multiparameter patient monitoring equipment market is growing at a significant rate, due to increased chronic diseases such as chronic obstructive pulmonary disease, diabetes and cardiovascular diseases. More than 35 million people are suffering from chronic obstructive pulmonary disease in Japan, Europe and the U.S. Private institutional nursing is providing ample opportunity to the growth of multiparameter patient in the coming years.

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North America leads the multiparameter patient monitoring equipment market, due to increase in number of hospitalizations in the region. Additionally, strong economic growth has been reported in the developing countries such as, China and India due to large population base and increased healthcare investment. As a result, emerging economies are expected to support the multiparameter patient monitoring equipment market to grow with a significant rate in coming years.

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Multiparameter patient monitoring equipments are monitoring systems that measure and display waveforms and numerical data for the patient. The parameters are achieved through monitoring systems used for the treatment and diagnosis of patients in numerous healthcare departments. The multiparameter patient monitoring equipments are used to display signals of numerous essential signs such as, heart rate, respiratory rate, ECG, temperature and blood pressure.

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One of the major trends in the multiparameter patient monitoring equipment market is increased adoption of portable multiparameter monitors. The growth of aging population increases the occurrence of chronic diseases and increased hospitalization, resulting in the expansion of the multiparameter patient monitoring equipment market. High cost and low accuracy of equipments, economic crisis and unpredictable reimbursement policies are some of the major factors restraining the growth of the multiparameter patient monitoring equipment market.

Some of the competitors in the multiparameter patient monitoring equipment market are GE Healthcare, Edwards Lifesciences Corporation, Nihon Kohden Corporation, Guangdong Biolight Meditech Co. Ltd., Philips N.V., CAS Medical Systems, Mindray Medical International Limited, Spacelabs Healthcare, Omron Healthcare, Inc., Drägerwerk AG & Co., Larsen & Toubro Limited, Schiller Healthcare, and Contec Medical Ltd.

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