Global Handheld Multi-Parameter Monitoring Devices Market to Exceed USD 5.16 Billion by 2035 | CAGR of 4.59%
Category: HealthcareGlobal Handheld Multi-Parameter Monitoring Devices Market to Exceed $ 5.16 Billion by 2035
According to a research report published by Spherical Insights & Consulting, the Global Handheld Multi-Parameter Monitoring Devices Market is expected to grow from USD 3.15 billion in 2024 to USD 5.16 billion by 2035, at a CAGR of 4.59% during the forecast period 2025-2035.
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Browse key industry insights spread across 225 pages with 119 Market data tables and figures & charts from the report on the Global Handheld Multi-Parameter Monitoring Devices Market Size, Share, and COVID-19 Impact Analysis, By Acuity Level (High Acuity Level, Medium Acuity Level, and Low Acuity Level), By End-Use (Hospitals, Homecare Settings, Ambulatory Surgical Centers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/handheld-multi-parameter-monitoring-devices-market
The handheld multi-parameter monitoring devices market refers to the market for devices that can monitor vital signs such as ECG, blood oxygen, heart rate, respiration rate, and body temperature in real time. Handheld multi-parameter monitoring devices are high-tech medical devices used to keep track of patients’ vital signs. They further aid in facilitating the regular monitoring of chronic disease patients for adjusting the treatment regime. Market growth is further bolstered by an increasing elderly population and scarce resources in the hospital systems, which are providing an opportunity for maximizing care efficiency with guaranteed rational use of resources. An increasing emphasis on remote healthcare delivery and point-of-care diagnostics, along with an increasing adoption of portable healthcare diagnostics, is driving the handheld multi-parameter monitoring devices market. Further, technological advancements, along with emphasis on early diagnosis and preventive care, are propelling the market growth. On the contrary, the heightened maintenance costs of these monitoring systems and a shortage of skilled workforce are challenging the market.
The high acuity level segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the acuity type, the handheld multi-parameter monitoring devices market is divided into high acuity level, medium acuity level, and low acuity level. Among these, the high acuity level segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. High acuity level devices deliver quick and competent care for patients with complex health conditions that require more intensive medical attention.
The hospitals segment accounted for the largest market share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end-use, the handheld multi-parameter monitoring devices market is divided into hospitals, homecare settings, ambulatory surgical centers, and others. Among these, the hospitals segment accounted for the largest market share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. An increasing cases of chronic diseases, injuries, and other emergency conditions is contributing to driving the handheld multi-parameter monitoring devices market.
North America is expected to hold the majority share of the global Handheld multi-parameter monitoring devices market during the forecast period.
North America is expected to hold the majority share of the global handheld multi-parameter monitoring devices market during the forecast period. The adoption of strong medical technologies in countries like the US and Canada is propelling the market expansion. The region’s healthcare infrastructure, increased disposable incomes are also responsible for driving the regional market for handheld multi-parameter monitoring devices.
Asia Pacific is anticipated to grow at the fastest pace in the global handheld multi-parameter monitoring devices market during the forecast period. The growing adoption of multi-parameter monitoring systems in hospitals and clinics is driving the handheld multi-parameter monitoring devices market. Further, AI integration for real-time data analysis, as well as emphasis on personalized treatment plans, are promoting the market growth.
Europe is anticipated to hold a significant share of the handheld multi-parameter monitoring devices market during the predicted timeframe. Heightened healthcare spending and a favourable regulatory climate promoting the use of innovative medical technologies are driving the market for handheld multi-parameter monitoring devices. Further, there an upsurging advancements in medical technology, with the rising number of surgical procedures contributing to the market growth.
Major vendors in the global handheld multi-parameter monitoring devices market are Abbott, Medtronic, Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., GE HealthCare, NIHON KOHDEN CORPORATION, Schiller Healthcare India Pvt. Ltd., Lepu Medical Technology (Beijing) Co., Ltd., CONTEC MEDICAL SYSTEMS CO., LTD, Spacelabs Healthcare (OSI Systems, Inc.), aXcent medical GmbH, Yonker (Xuzhou Yongkang Electronic Science Technology Co., Ltd.), IndoSurgicals Private Limited, Wuhan Zoncare Bio-medical Electronics Co., Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In September 2024, Abbott launched its over-the-counter continuous glucose monitoring system in the US. The device, called Lingo, would compete with a rival from DexCom (DXCM.O), opens a new tab, and would be available for adults who are not on insulin.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the handheld multi-parameter monitoring devices market based on the below-mentioned segments:
Global Handheld Multi-Parameter Monitoring Devices Market, By Acuity Level
- High Acuity Level
- Medium Acuity Level
- Low Acuity Level
Global Handheld Multi-Parameter Monitoring Devices Market, By End-Use
- Hospitals
- Homecare Settings
- Ambulatory Surgical Centers
- Others
Global Handheld Multi-Parameter Monitoring Devices Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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