+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Multiparameter Patient Monitoring Market - Global Outlook & Forecast 2023-2028

  • PDF Icon


  • 322 Pages
  • April 2023
  • Region: Global
  • Arizton
  • ID: 5766521
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The global multiparameter patient monitoring market is expected to grow at a CAGR of 8.06%.


Increasing Demand for Multiparameter Patient Monitoring in Homecare Settings

Home healthcare has always been recognized as a life-saving option for patients requiring long-term care to treat chronic diseases. Moreover, the worldwide increase in the geriatric and chronic disease population has led to a growing demand for home patient monitoring. The increase in patient monitoring using multiparameter monitoring devices in homecare settings is expected to fuel the overall growth of the multiparameter patient monitoring market in the coming years. Home patient monitoring is convenient and cost-effective and helps patients monitor their health directly at home regularly.

Growing Demand for Portable/Compact Multiparameter Patient Monitors

Portable patient monitors are widely accepted in healthcare services. This is due to the flexibility of patient assessment with the portable features of multiparameter patient monitors from hospital care to ambulatory and mobility services. This emergence of technological advances in multiparameter patient monitoring equipment is used in various applications such as transportation and, ambulances, outpatient care. The portable multiparameter patient monitors enable patient mobility and comfort, increasing patient demand.

Growing Focus on Integration of Multiparameter Patient Monitors with Wireless and Remote Monitoring Platforms

RPM is useful for monitoring patients' acute and chronic conditions and helps reduce the treatment cost. Over the past few years, breakthrough advancements have enabled RPM, virtual patient-physician interactions, and real-time data capture to transmit reality by incorporating passive home and body sensors to patients. Multiparameter patient monitoring devices integrated with RPM and wireless technologies enable us to overcome these limitations and track changes in patient’s vital signs without interrupting and visiting healthcare settings. The remote access/wireless monitoring systems enable patient vital signs monitoring even when not admitted to hospitals.

Advances in Remote Patient Monitoring Technology

The COVID-19 pandemic has accelerated this trend by highlighting the need and value of RPM. RPM has caught the attention of many medical professionals. More recently, IoT-enabled monitoring devices have added even more functionality to RPM. Physicians using IoT-enabled RPM systems benefit more from their patients. By combining AI with the Internet of Things (IoT) and RPM, healthcare organizations and practitioners can better serve their patients and provide opportunities for improved healthcare outcomes.

Growing Demand for Real-time Patient Monitors in Critical Care

Continuous patient monitoring is one of the essential components in intensive care units, first to notice critical changes in a patient’s health status and second to guide daily intensive care therapy. Vital signs are important in monitoring patients’ health status in emergency and critical care units. Trends in patient monitoring using multiparameter monitors also help physicians to identify the best location for the patient on transfer from EDs. Such factors contribute to the growth of the multiparameter patient monitoring market. Further, several developed countries are currently in the process of reforming their emergency and urgent care systems.

Increasing Target Patient Population with Various Diseases

The aging population needs regular assistance in terms of their health to avoid fatal situations. Moreover, countries such as Japan, Italy, and Portugal have the highest percentage of elderly population. This increasing number of elderly populations demands advanced healthcare facilities and infrastructure to assist health and avoid fatal emergencies. Globally, chronic diseases are commonly called non-communicable diseases (NCD) or used interchangeably. These diseases are gaining increasing attention as the burden of NCDs has surpassed that of epidemics in the Global South. Globally, heart diseases, cancer, and diabetes are leading causes of death and disabilities among chronic diseases.

Enhancements in Multiparameter Patient Monitoring

Vendors in the multiparameter patient monitoring market have introduced many advanced and innovative patient monitors globally as per end-users' needs and requirements. Further, manufacturers collaborate with tech giants to integrate their advanced technology solutions. These advanced features also allow medical professionals to deliver improved healthcare to critical patients at home and hospital. Over the past decade, the market has witnessed many technological advancements across all aspects of patient monitoring systems. As a wide range of multiparameter patient monitors, with portable and remote monitoring features, are launched, grabbing the attention of many end-users.



The global multiparameter patient monitoring market by devices is segmented into portable/compact and fixed devices. The portable/compact held the largest global market share at 57% in 2022. The market is growing faster due to the rising awareness regarding healthcare and increasing concern for the continuous monitoring of real-time health parameters of patients, pre-and post-surgery, which are expected to drive the market's growth. The portable multiparameter patient monitors will dominate the market over the forecast period, owing to growing home healthcare, ease of monitoring post-surgical recovery patients, rising ambulatory care facilities, and increasing adoption of remote patient monitoring.

Segmentation by Devices

  • Portable/Compact Devices
  • Fixed Devices


The high acuity level segment dominated the global multiparameter patient monitoring market and accounted for a significant share in 2022. The growth is mainly due to the rising incidence of chronic disease cases, leading to severe health conditions requiring continuous monitoring. High-acuity monitors are mainly used in ICUs, operating rooms, and emergency departments of various healthcare settings to monitor vital signs during surgery. These devices are also used to monitor the real-time vital signs of patients under severe conditions. When this occurs, the demand for high-acuity monitors will likely increase as patient monitoring in high-acuity conditions is a major priority for healthcare providers.

Segmentation by Acuity Level

  • High Acuity Level
  • Mid Acuity Level
  • Low Acuity Level


The global multiparameter patient monitoring market by the patient group is segmented into a geriatric, adult, and pediatric patient groups. In 2022, the geriatric patient group segment accounted for a 48.27% share of the global multiparameter patient monitoring market. In recent years the increased aging population, and global disease burden, especially chronic conditions, have escalated significantly. Age-related diseases require multiparameter patient monitoring systems due to the patient's immobile and critical nature. Also, the establishment of homecare settings has increased, wherein caregivers take care of patients directly at homes, assisted living centers, and geriatric care centers. Under such a scenario, multiparameter patient monitoring systems become extensively helpful to caregivers.

Segmentation by Patient Group

  • Geriatric Patient Group
  • Adult Patient Group
  • Pediatric Patient Group


The hospital end-user segment accounted for the largest global multiparameter patient monitoring market share of 65% in 2022. Healthcare professionals in hospitals use multiparameter patient monitoring devices as advanced monitoring devices for diagnosing patients’ vital signs. The market is growing healthy and will likely grow steadily during the forecast period. Majorly due to the adoption of advanced homecare settings by patients with low and mid acuity to avoid problems caused during the hospital stays. The availability of skilled healthcare professionals with knowledge and expertise in handling multiparameter patient monitoring devices, along with the availability of these devices in the intense care units and emergency departments, coupled with the increasing chronic disease prevalence, is driving the demand for multiparameter patient monitoring devices in hospitals across the globe.

Segmentation by End-User

  • Hospitals
  • ASCs
  • Homecare Settings
  • Others


North America dominated the global multiparameter patient monitoring market and accounted for 39.48% of the market share in 2022. Factors like an increasingly old age population, a moderate increase in ICU admission, and the availability of advanced technology for remote patient monitoring & home care technology contribute to the industry's growth. It was estimated that by 2022, 63 million smart homes would be there in North America for the effective monitoring of vital parameters of the end-user. This huge number of smart homes has increased the demand for remote multiparameter patient monitors, driving the North America market in the upcoming years.

Segmentation by Geography

  • North America
  • US
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • APAC
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • South Africa


The global multiparameter patient monitoring market is highly competitive and characterized by global, regional, and local players offering multiparameter patient monitoring devices. However, the key market players offering high-quality multiparameter patient monitoring devices account for considerable shares in the overall market. Most of the key players focus strategically on North America and Europe markets as they are the top two major revenue contributors. Leading multiparameter patient monitoring market players are also focusing on expanding the product portfolio of portable/compact multiparameter patient monitors as the demand for such devices is increasing among the end-users.

Key Company Profiles

  • Baxter
  • GE Healthcare
  • Koninklijke Philips
  • Masimo
  • Medtronic
  • OSI Systems
  • Shenzhen Mindray Bio-Medical Electronics

Other Prominent Vendors

  • Advanced Instrumentations
  • American Diagnostic
  • Drägerwerk AG & Co.
  • EDAN Instruments
  • Halma
  • ICU Medical
  • Infinium Medical
  • Lutech
  • Mennen Medical
  • Nonin
  • Opto Circuits (India)
  • Skanray Technologies
  • Viatom Technology


1. How big is the multiparameter patient monitoring market?
2. What is the growth rate of the multiparameter patient monitoring market?
3. Who are the key players in the global multiparameter patient monitoring market?
4. What are the growing trends in the multiparameter patient monitoring market?
5. Which region holds the most significant global multiparameter patient monitoring market share?

Table of Contents

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Device
4.3.2 Market Segmentation by Acuity Level
4.3.3 Market Segmentation by Patient Group
4.3.4 Market Segmentation by End-User
4.3.5 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Premium Insights
7.1 Overview

8 Introduction
8.1 Overview
8.1.1 Multi-Parameter Patient Monitors
8.1.2 Covid-19 Impact

9 Market Opportunities & Trends
9.1 Increasing Demand for Multi-Parameter Patient Monitoring in Home Care Settings
9.2 Growing Demand for Portable/Compact Multi-Parameter Patient Monitors
9.3 Integration of Multi-Parameter Patient Monitors With Wireless and Remote Monitoring Platforms
9.4 Advances in Remote Patient Monitoring Technology

10 Market Growth Enablers
10.1 Growing Demand for Real-Time Patient Monitors in Critical Care
10.2 Increasing Target Patient Population With Various Diseases
10.3 Enhancements in Multi-Parameter Patient Monitoring

11 Market Restraints
11.1 False Alarms & Alarm Fatigue
11.2 Increasing Regulatory Complexities
11.3 High Cost of Multi-Parameter Patient Monitoring Devices

12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.2.1 Geography Segmentation Insights
12.2.2 Devices Segmentation Insights
12.2.3 Acuity Level Segmentation Insights
12.2.4 Patient Group Segmentation Insights
12.2.5 End-User Segmentation Insights
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry

13 Device
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Portable/Compact Devices
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Portable/Compact Devices Segment by Geography
13.4 Fixed Devices
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Fixed Devices Segment by Geography

14 Acuity Level
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 High Acuity Level
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 High Acuity Level Segment by Geography
14.4 Low Acuity Level
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Low Acuity Level Segment by Geography
14.5 Mid Acuity Level
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Mid Acuity Level Segment by Geography

15 Patient Group
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Geriatric Patient Group
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Geriatric Patient Group Segment by Geography
15.4 Adult Patient Group
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Adult Patient Group Segment by Geography
15.5 Pediatric Patient Group
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.5.3 Pediatric Patient Group Segment by Geography

16 End-User
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Hospitals
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.3.3 Hospitals Segment by Geography
16.4 Ambulatory Care Settings (Acs)
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.4.3 Acss Segment by Geography
16.5 Home Care Settings
16.5.1 Market Overview
16.5.2 Market Size & Forecast
16.5.3 Home Care Settings Segment by Geography
16.6 Others
16.6.1 Market Overview
16.6.2 Market Size & Forecast
16.6.3 Others Segment by Geography

17 Geography
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview

18 North America
18.1 Market Overview
18.2 Market Size & Forecast
18.2.1 Market by Device
18.2.2 Market by Acuity Level
18.2.3 Market by Patient Group
18.2.4 Market by End-User
18.3 Key Countries
18.3.1 Us: Market Size & Forecast
18.3.2 Canada: Market Size & Forecast

19 Europe
19.1 Market Overview
19.2 Market Size & Forecast
19.2.1 Market by Device
19.2.2 Market by Acuity Level
19.2.3 Market by Patient Group
19.2.4 Market by End-User
19.3 Key Countries
19.3.1 Germany: Market Size & Forecast
19.3.2 France: Market Size & Forecast
19.3.3 Uk: Market Size & Forecast
19.3.4 Italy: Market Size & Forecast
19.3.5 Spain: Market Size & Forecast

20 Apac
20.1 Market Overview
20.2 Market Size & Forecast
20.2.1 Market by Device
20.2.2 Market by Acuity Level
20.2.3 Market by Patient Group
20.2.4 Market by End-User
20.3 Key Countries
20.3.1 Japan: Market Size & Forecast
20.3.2 China: Market Size & Forecast
20.3.3 India: Market Size & Forecast
20.3.4 South Korea: Market Size & Forecast
20.3.5 Australia: Market Size & Forecast

21 Latin America
21.1 Market Overview
21.2 Market Size & Forecast
21.2.1 Market by Device
21.2.2 Market by Acuity Level
21.2.3 Market by Patient Group
21.2.4 Market by End-User
21.3 Key Countries
21.3.1 Brazil: Market Size & Forecast
21.3.2 Mexico: Market Size & Forecast
21.3.3 Argentina: Market Size & Forecast

22 Middle East & Africa
22.1 Market Overview
22.2 Market Size & Forecast
22.2.1 Market by Device
22.2.2 Market by Acuity Level
22.2.3 Market by Patient Group
22.2.4 Market by End-User
22.3 Key Countries
22.3.1 Turkey: Market Size & Forecast
22.3.2 Saudi Arabia: Market Size & Forecast
22.3.3 South Africa: Market Size & Forecast

23 Competitive Landscape
23.1 Competition Overview
23.1.1 Vendor Activities: M&As and Product Launches
23.2 Market Share Analysis
23.2.1 Baxter
23.2.2 Contec Medical Systems
23.2.3 GE Healthcare
23.2.4 Philips
23.2.5 Masimo
23.2.6 Medtronic
23.2.7 Nihon Kohden
23.2.8 Osi Systems
23.2.9 Shenzhen Mindray Bio-Medical Electronics

24 Key Company Profiles
24.1 Baxter
24.1.1 Business Overview
24.1.2 Product Offerings
24.1.3 Key Strategies
24.1.4 Key Strengths
24.1.5 Key Opportunities
24.2 Contec Medical Systems
24.2.1 Business Overview
24.2.2 Product Offerings
24.2.3 Key Strategies
24.2.4 Key Strengths
24.2.5 Key Opportunities
24.3 GE Healthcare
24.3.1 Business Overview
24.3.2 Product Offerings
24.3.3 Key Strategies
24.3.4 Key Strengths
24.3.5 Key Opportunities
24.4 Philips
24.4.1 Business Overview
24.4.2 Product Offerings
24.4.3 Key Strategies
24.4.4 Key Strengths
24.4.5 Key Opportunities
24.5 Masimo
24.5.1 Business Overview
24.5.2 Product Offerings
24.5.3 Key Strategies
24.5.4 Key Strengths
24.5.5 Key Opportunities
24.6 Medtronic
24.6.1 Business Overview
24.6.2 Product Offerings
24.6.3 Key Strategies
24.6.4 Key Strengths
24.6.5 Key Opportunities
24.7 Nihon Kohden
24.7.1 Business Overview
24.7.2 Product Offerings
24.7.3 Key Strategies
24.7.4 Key Strengths
24.7.5 Key Opportunities
24.8 Osi Systems
24.8.1 Business Overview
24.8.2 Product Offerings
24.8.3 Key Strategies
24.8.4 Key Strengths
24.8.5 Key Opportunities
24.9 Shenzhen Mindray Bio-Medical Electronics
24.9.1 Business Overview
24.9.2 Product Offerings
24.9.3 Key Strengths
24.9.4 Key Strategies
24.9.5 Key Opportunities

25 Other Prominent Vendors
25.1 Advanced Instrumentations
25.1.1 Business Overview
25.1.2 Product Offerings
25.2 American Diagnostic
25.2.1 Business Overview
25.2.2 Product Offerings
25.3 Drägerwerk
25.3.1 Business Overview
25.3.2 Product Offerings
25.4 Edan Instruments
25.4.1 Business Overview
25.4.2 Product Offerings
25.5 Epsimed
25.5.1 Business Overview
25.5.2 Product Offerings
25.6 Fukuda Denshi
25.6.1 Business Overview
25.6.2 Product Offerings
25.7 Halma
25.7.1 Business Overview
25.7.2 Product Offerings
25.8 Icu Medical
25.8.1 Business Overview
25.8.2 Product Offerings
25.9 Infinium Medical
25.9.1 Business Overview
25.9.2 Product Offerings
25.10 Lutech
25.10.1 Business Overview
25.10.2 Product Offerings
25.11 Mediana
25.11.1 Business Overview
25.11.2 Product Offerings
25.12 Medion
25.12.1 Business Overview
25.12.2 Product Offerings
25.13 Mennen Medical
25.13.1 Business Overview
25.13.2 Product Offerings
25.14 Nonin
25.14.1 Business Overview
25.14.2 Product Offerings
25.15 Omron
25.15.1 Business Overview
25.15.2 Product Offerings
25.16 Opto Circuits (India)
25.16.1 Business Overview
25.16.2 Product Offerings
25.17 Schiller
25.17.1 Business Overview
25.17.2 Product Offerings
25.18 Skanray Technologies
25.18.1 Business Overview
25.18.2 Product Offerings
25.19 Viatom Technology
25.19.1 Business Overview
25.19.2 Product Offerings
25.2 Vyaire Medical
25.20.1 Business Overview
25.20.2 Product Offerings

26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendations

27 Quantitative Summary
27.1 Market by Geography
27.2 Market by Device
27.2.1 North America - Market by Device
27.2.2 Europe - Market by Device
27.2.3 APAC - Market by Device
27.2.4 Latin America - Market by Device
27.2.5 Middle East & Africa - Market by Device
27.3 Market by Acuity Level
27.3.1 North America - Market by Acuity Level
27.3.2 Europe - Market by Acuity Level
27.3.3 APAC - Market by Acuity Level
27.3.4 Latin America - Market by Acuity Level
27.3.5 Middle East & Africa - Market by Acuity Level
27.4 Market by Patient Group
27.4.1 North America - Market by Patient Group
27.4.2 Europe - Market by Patient Group
27.4.3 APAC - Market by Patient Group
27.4.4 Latin America - Market by Patient Group
27.4.5 Middle East & Africa - Market by Patient Group
27.5 Market by End-User
27.5.1 North America - Market by End-User
27.5.2 Europe - Market by End-User
27.5.3 APAC - Market by End-User
27.5.4 Latin America - Market by End-User
27.5.5 Middle East & Africa - Market by End-User

28 Appendix
28.1 Abbreviations

Companies Mentioned

  • Baxter
  • GE Healthcare
  • Koninklijke Philips
  • Masimo
  • Medtronic
  • OSI Systems
  • Shenzhen Mindray Bio-Medical Electronics
  • Advanced Instrumentations
  • American Diagnostic
  • Drägerwerk AG & Co.
  • EDAN Instruments
  • Halma
  • ICU Medical
  • Infinium Medical
  • Lutech
  • Mennen Medical
  • Nonin
  • Opto Circuits (India)
  • Skanray Technologies
  • Viatom Technology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



Table Information