Multiparameter Patient Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Multiparameter Patient Monitoring Equipment Market and it is segmented by device type (portable and fixed), acuity level (high acuity level, medium acuity level, and low acuity level), target area (Cardiology, Neurology, Respiratory, Fetal and Neonatal, temperature monitoring, and other target areas), end user (hospitals and home healthcare), and Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The report offers the value in (USD million) for the above segments.

Multiparameter Patient Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Multiparameter Patient Monitoring Market Size

Multi-Parameter Patient Monitoring Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 12.30 Billion
Market Size (2030) USD 17.64 Billion
CAGR (2025 - 2030) 7.48 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Multi-Parameter Patient Monitoring Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Multiparameter Patient Monitoring Market Analysis

The Multi-Parameter Patient Monitoring Market size is estimated at USD 12.30 billion in 2025, and is expected to reach USD 17.64 billion by 2030, at a CAGR of 7.48% during the forecast period (2025-2030).

COVID-19 significantly impacted the multi-parameter patient monitoring market in the initial phases owing to the rise in COVID-19-affected patients with multiple comorbid conditions, including cardiac and neurologic complications. For instance, in an article published in March 2022 by PubMed, the study indicated that patient monitoring in Canada increased significantly due to the COVID-19 pandemic since there was a rise to alleviate the congestion in healthcare services. Furthermore, according to the article published in March 2021 in PubMed, researchers developed a vital-sign telemedicine system during the pandemic using internet infrastructure. Hence, multi-parameter patient monitoring was less hectic due to the advantages offered by telemedicine. Currently, the market is likely to witness growth in the multi-parameter patient monitoring market owing to the rise in chronic diseases, relaxed restrictions for medical device import and exports, and demand for patient monitoring and home-based devices. Hence the market is expected to have stable growth during the forecast period of the study.

Furthermore, the growth of the multi-parameter patient monitoring market is attributed to the rising burden of chronic diseases due to lifestyle changes, increased geriatric population, growing preference for home and remote monitoring, and the ease of use of portable devices. For instance, according to the estimations from IARC, the number of new cancer cases is likely to be 21,618,445 by 2025. The number will rise to 24,044,406 by 2030. Furthermore, as per the American Heart Association Heart and Stroke Statistics 2022 Update, the incidence of EMS-assessed non-traumatic out-of-hospital cardiac arrests (OHCA) in people of any age is estimated to be 356,461, or nearly 1,000 people each day. As per the same report, there are more than 356,000 out-of-hospital cardiac arrests (OHCA) annually in the U.S., almost 90% of them fatal. Hence, considering the high prevalence of chronic diseases, the demand for multi-parameter patient monitoring devices is likely to increase, thereby boosting market growth over the forecast period.

Patient monitoring technologies come into play and identify small changes in the patient's physiological data, promoting self-monitoring. As a result, it reduces readmissions and avoidable hospitalizations, as well as the number of unnecessary trips to the doctor's office and travel-related expenses. Patient monitoring technologies, when used correctly, can increase access to quality treatment while saving time and money. Other factors, such as government funding related to the research and development of chronic disease treatment, are anticipated to fuel the market's growth over the forecast period. For instance, as per the November 2021 update from the Government of Canada, in 2021, they invested USD 35 million in diabetes, specifically, USD 25 million for diabetes research, surveillance, and prevention and the development of a national framework for diabetes. It includes a recommitment to the Juvenile Diabetes Research Foundation (JDRF) and the Canadian Institutes of Health Research (CIHR) Partnership to Defeat Diabetes by investing up to USD 15 million to be matched by JDRF Canada and its donors for type 1 diabetes research.

Therefore, as the number of chronic disorders rises, the demand for the multi-parameter patient monitoring market is believed to grow over the forecast period. However, stringent regulatory frameworks and a lack of proper reimbursement are expected to hinder market growth.

Multiparameter Patient Monitoring Industry Overview

The multi-parameter patient monitoring market is fragmented in nature. The key players are involved in strategic movements such as mergers, acquisitions, and collaborations to increase the market growth. Significant market players, such as Abbott Laboratories, Becton, Dickinson and Company, GE Healthcare, Medtronic PLC, and Philips Healthcare, are intensifying the market competition. Innovations and increasing investments from various public and private organizations will intensify industry rivalry worldwide.

Multiparameter Patient Monitoring Market Leaders

  1. Abbott Laboratories

  2. Medtronic PLC

  3. Koninklijke Philips NV

  4. Becton, Dickinson and Company

  5. General Electric Company (GE Healthcare)

  6. *Disclaimer: Major Players sorted in no particular order
Multi-Parameter Patient Monitoring Market Concentration
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Multiparameter Patient Monitoring Market News

  • September 2022- Google Cloud and Fitbit Health Solutions launched the Device Connect for Fitbit solution, which aims to give healthcare organizations a more holistic view of patients outside clinical settings using data from wearable devices. Google's technology aims to "help people live better lives" by reducing time to insights for healthcare companies while maintaining security and privacy.
  • August 2022- SmartCardia launched a Cardiac Monitoring Patch in India. SmartCardia's AI platform tracks the 7L patch, developed from millions of ECG segments interpreted by cardiologists and certified cardiac technicians. It also performs real-time detection of important arrhythmia events at cardiologist-level accuracy.

Multiparameter Patient Monitoring Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Incidences of Chronic Diseases Due to Lifestyle Changes
    • 4.2.2 Increase in Aging Population
    • 4.2.3 Demand for Home-Based Monitoring Devices
  • 4.3 Market Restraints
    • 4.3.1 Stringent Regulatory Framework
    • 4.3.2 Lack of Proper Reimbursement
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD Million)

  • 5.1 By Device Type
    • 5.1.1 Portable
    • 5.1.2 Fixed
  • 5.2 By Acuity Level
    • 5.2.1 High Acuity Level
    • 5.2.2 Medium Acuity Level
    • 5.2.3 Low Acuity Level
  • 5.3 By Target Area
    • 5.3.1 Cardiology
    • 5.3.2 Neurology
    • 5.3.3 Respiratory
    • 5.3.4 Fetal and Neonatal
    • 5.3.5 Temperature Monitoring
    • 5.3.6 Other Target Areas
  • 5.4 By End Users
    • 5.4.1 Hospitals
    • 5.4.2 Home Healthcare
  • 5.5 Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Spain
    • 5.5.2.6 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 Australia
    • 5.5.3.5 South Korea
    • 5.5.3.6 Rest of Asia-Pacific
    • 5.5.4 Middle East and Africa
    • 5.5.4.1 GCC
    • 5.5.4.2 South Africa
    • 5.5.4.3 Rest of Middle East and Africa
    • 5.5.5 South America
    • 5.5.5.1 Brazil
    • 5.5.5.2 Argentina
    • 5.5.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Abbott Laboratories
    • 6.1.2 Baxter International Inc.
    • 6.1.3 Becton, Dickinson and Company
    • 6.1.4 Boston Scientific Corporation
    • 6.1.5 General Electric Company (GE Healthcare)
    • 6.1.6 Medtronic PLC
    • 6.1.7 Koninklijke Philips NV
    • 6.1.8 SCHILLER
    • 6.1.9 Nihon Kohden
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Multiparameter Patient Monitoring Industry Segmentation

As per the scope of the report, multi-parameter monitors are devices that monitor various parameters, such as arterial blood pressure, heart rate, body and skin temperature, oximetry, and capnography. These devices have become popular as they are small, portable, and user-friendly. Periodic reports and immediate alerts for any sudden changes in the health of sick patients may allow people to act quickly and save the person's life in danger. The Multi-Parameter Patient Monitoring Market is segmented by device type (portable and fixed), acuity level (high acuity level, medium acuity level, and low acuity level), target area (Cardiology, Neurology, Respiratory, Fetal and Neonatal, temperature monitoring, and other target areas), end user (hospitals and home healthcare), and Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value in ( USD million) for the above segments.

By Device Type Portable
Fixed
By Acuity Level High Acuity Level
Medium Acuity Level
Low Acuity Level
By Target Area Cardiology
Neurology
Respiratory
Fetal and Neonatal
Temperature Monitoring
Other Target Areas
By End Users Hospitals
Home Healthcare
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America
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Multiparameter Patient Monitoring Market Research FAQs

How big is the Multi-Parameter Patient Monitoring Market?

The Multi-Parameter Patient Monitoring Market size is expected to reach USD 12.30 billion in 2025 and grow at a CAGR of 7.48% to reach USD 17.64 billion by 2030.

What is the current Multi-Parameter Patient Monitoring Market size?

In 2025, the Multi-Parameter Patient Monitoring Market size is expected to reach USD 12.30 billion.

Who are the key players in Multi-Parameter Patient Monitoring Market?

Abbott Laboratories, Medtronic PLC, Koninklijke Philips NV, Becton, Dickinson and Company and General Electric Company (GE Healthcare) are the major companies operating in the Multi-Parameter Patient Monitoring Market.

Which is the fastest growing region in Multi-Parameter Patient Monitoring Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Multi-Parameter Patient Monitoring Market?

In 2025, the North America accounts for the largest market share in Multi-Parameter Patient Monitoring Market.

What years does this Multi-Parameter Patient Monitoring Market cover, and what was the market size in 2024?

In 2024, the Multi-Parameter Patient Monitoring Market size was estimated at USD 11.38 billion. The report covers the Multi-Parameter Patient Monitoring Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Multi-Parameter Patient Monitoring Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Multiparameter Patient Monitoring Industry Report

Statistics for the 2025 Multi-Parameter Patient Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Multi-Parameter Patient Monitoring analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.