By Device Type
By Acuity Level
By Age Group
- Paediatric
- Adult
- Geriatric
By End User
- Hospitals
- Homecare Settings
- Ambulatory Surgical Centers
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The market is fragmented into device type, acuity level, application, end user and region. The device type segment is categorized into portable and fixed system. The portable segment is anticipated to hold the largest multiparameter patient monitoring systems market share owing to the benefits offered by these systems such as greater mobility. Furthermore, the hospitals need more transport within the hospital premises for therapy and special examination which shall increase the insistence for the market growth. The acuity level segment is diversified into high, medium and low level. The high-level acuity segment is predicted to lead the market during the forecast period. The age group segment is categorized into pediatric, adult and geriatric group. The geriatric population segment is anticipated to proliferate throughput the forecast period with increasing life expectancy owing to advancements in healthcare and intensive care methods. The end user segment is divided into hospital, homecare settings, ambulatory surgical centers and others.
The North America region is expected to dominate the market and this can be credited to advancements in healthcare infrastructure, increased disposable income of patients, growing geriatric population who are more likely to require ICU services and a strong presence of major players in the region. The Asia Pacific region, on the other hand, is predicted to grow at a substantial rate during the forecasted timeframe.