Multi-Parameter Patient Monitoring Equipment Market (CAGR of 5.8%): Future Prospects, Size and Competitive Analysis 2019 – 2027
January 6, 2021
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The Multi-Parameter Patient Monitoring Equipment market was valued at US$ 3.10 Bn in 2019, expected to grow at a CAGR of 5.8% during the forecast period from 2019 to 2027.
Market Insights
“Increasing prevalence of lifestyle diseases along with new FDA approval for portable devices will enhance the market growth globally”
The global multi-parameter patient monitoring equipment market is growing efficiently from 2019 to 2027 attributed to the rise in incidences of lifestyle diseases, increased hospital admissions, new launch of portable and fixed equipment. Additionally, increased awareness of enhanced applications along with home care in the end user segment will drive market growth. Multiparameter monitoring permits healthcare professionals to utilize significant patient clinical data in providing better-quality patient care. The upsurge in geriatric population in the developed nations directly funds to the overall market growth of these monitoring devices.