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Dublin, March 22, 2023 (GLOBE NEWSWIRE) — The “Global Multiparameter Patient Monitoring Device Market, Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
This study examines the multiparameter patient monitoring devices used in hospitals and outpatient settings. Portable and stationary devices used in high-, mid-, and low-acuity settings are covered in the study.
The care delivery model is shifting from hospitals to alternative care settings, such as home care and ambulatory surgical centers. Multiple challenges in hospitals, including a severe shortage of skilled workforce, staff burnout, and declining margins, boost this shift.
The adoption of multiparameter monitoring devices in out-of-hospital settings has grown due to several benefits, such as cost reduction and flexibility. Remote monitoring has gained traction during the last few years, and the COVID-19 pandemic further accelerated its adoption.
The growing demand for remote monitoring and virtual care drives innovation in multiparameter monitors. More focus on the care continuum model is increasing the number of applications of patient monitoring devices in disease management, diagnosis, pre-operative care, post-operative care, and others.
Multiparameter patient monitoring device vendors are developing innovative monitoring technologies, such as wearables and contactless monitoring solutions, for patient mobility and ease of use.
Start-ups are entering the wearable and contactless monitoring market, and several consumer-grade wearable companies are entering the medical-grade monitoring space to meet the growing demand. Vendors have started incorporating analytics, workflow management, and clinical decision solutions to reduce healthcare provider workload and increase cost savings.
Technological innovations and advanced solutions have an adoption rate in high-income and middle-income countries. Most low-income countries cannot afford multiparameter monitoring devices and are looking for low-cost solutions.
Research Highlights:
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Market size by revenue, covering historic and forecast data by segment (acuity level and end use) and region (North America, Europe, Asia- Pacific, and Rest of World)
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Market challenges and drivers
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Competitive landscape, including company market shares
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Technological trends and growth opportunities for stakeholders
Key Topics Covered:
1. Strategic Imperatives
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Why is it Increasingly Difficult to Grow?
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The Strategic Imperative
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The Impact of the Top 3 Strategic Imperatives on the Multiparameter Patient Monitoring Device Industry
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Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
3. Business Models and Technology Landscape
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Global Purchase Pattern
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Monitoring-as-a-Service
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Predictive Insights
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Operational Support Using Software
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Multiparameter Patient Monitoring Devices – Wearables
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Multiparameter Patient Monitoring Devices – Contactless Patient Monitoring
4. Growth Opportunity Analysis – North America
5. Growth Opportunity Analysis – Europe
6. Growth Opportunity Analysis – Asia-Pacific
7. Growth Opportunity Analysis – Rest of World
8. Growth Opportunity Universe
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Growth Opportunity 1: Multiparameter Devices Supporting Virtual Care
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Growth Opportunity 2: Outpatient Settings
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Growth Opportunity 3: Clinical Decision Support and Workflow Management
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Growth Opportunity 4: Predictive Monitoring
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Growth Opportunity 5: Low-cost Devices
For more information about this report visit https://www.researchandmarkets.com/r/g6bkmg
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