Summary

The multiparameter patient monitoring market in India has grown significantly as a result of technical improvements, rising healthcare expenditure, and a growing awareness of the significance of continuous patient monitoring. As a diversified terrain of healthcare demands in both urban and rural areas, India presents a unique setting for patient monitoring technology adoption. In recent years, India has seen a boom in demand for multiparameter patient monitoring systems. These systems provide complete monitoring of vital indicators such as heart rate, blood pressure, temperature, and breathing rate, giving healthcare practitioners real-time data to make informed decisions. The incorporation of modern technologies such as wireless networking and cloud-based data storage has accelerated market expansion by improving accessibility and remote monitoring capabilities. The healthcare sector in India faces difficulty providing appropriate care to its enormous population, particularly in distant locations. Multiparameter patient monitoring devices, which enable remote monitoring and telemedicine activities, play a critical role in bridging this gap. This technology enables healthcare personnel to remotely monitor patients in real time, permitting early interventions and eliminating the need for frequent hospital visits, which is especially useful in a geographically dispersed country like India. Furthermore, the growing prevalence of chronic conditions such as cardiovascular disease, diabetes, and respiratory illnesses has increased the need for continuous patient monitoring solutions. These technologies enable the early detection of issues, allowing for proactive healthcare management and lowering the burden on healthcare facilities.

According to the research report "India Multiparameter Patient Monitoring Market Overview, 2028," published by Bonafide Research, the India Multiparameter Patient Monitoring market is expected to grow with more than 8.50% CAGR from 2023 to 2028. The patient monitoring market is influenced by India's distinct socioeconomic landscape. While major cities have advanced healthcare infrastructure and technological usage, rural communities frequently do not have enough healthcare services. Initiatives aimed at making healthcare more accessible and inexpensive have accelerated the introduction of low-cost, portable patient monitoring devices ideal for remote and resource-constrained situations. The government's push for digital healthcare initiatives and increased investments in the healthcare sector have fueled the country's adoption of patient monitoring systems. Partnerships between the public and commercial sectors seek to address healthcare inequities and enhance healthcare outcomes by implementing novel solutions. The Indian government recognises the relevance of MPM and has launched steps to encourage its use. "Make in India" initiative, this effort seeks to increase domestic production of medical devices, particularly MPM systems, in order to make them more accessible and inexpensive. National Health Mission, this programme focuses on improving rural healthcare infrastructure, including the provision of basic MPM equipment. Government attempts to promote digital healthcare infrastructure, such as the National Digital Health Mission (NDHM), show promise for the future of patient monitoring in India. The NDHM, for example, aspires to develop a digital healthcare ecosystem that allows for the seamless interchange of health information across stakeholders, potentially reducing patient monitoring processes and improving healthcare delivery across the country. Furthermore, India's healthcare system is transitioning from a traditional fee-for-service approach to one focused on value. This shift emphasises the need for preventive healthcare and constant monitoring to prevent diseases rather than treating them once they have manifested themselves. This transition is supported by multiparameter patient monitoring systems, which allow healthcare providers to focus on proactive treatment, early intervention, and illness control.

In term of device segment market includes, portable and fixed. Portable device segment is expected to gain significant popularity in India multiparameter patient monitoring market during the forecast period. Portable devices provide convenience, especially in areas with little healthcare infrastructure. Portable monitoring technologies help healthcare practitioners to extend their reach and provide crucial monitoring services beyond traditional hospital settings in India, where distant and rural areas sometimes lack advanced medical facilities. This accessibility is consistent with India's goal of expanding access to healthcare and reaching underserved populations. Portable monitoring devices are simple to use and portable, allowing patients to go about their regular lives while being monitored. This mobility feature is especially useful for chronic disease care, where constant monitoring is essential. Patients can go about their daily lives while healthcare practitioners receive real-time data, allowing them to intervene as necessary. There’s a growing emphasis on preventive healthcare in India, encouraging individuals to monitor their health continuously. Portable devices cater to this trend by providing individuals with the means to track their vital signs regularly. This proactive approach to health management aligns with the changing healthcare landscape in India and encourages the adoption of portable monitoring devices among health-conscious individuals.

Based on acuity level segment market is segmented into high-acuity level, medium-acuity level and low-acuity level. Low acuity level multiparameter patient monitoring are projected to grow at rapid pace in India multiparameter patient monitoring market. The healthcare environment in India is changing, with an emphasis on outpatient treatment to reduce hospital admissions and manage patients outside of traditional clinical settings. This change is addressed by low-acuity monitoring devices, which enable healthcare providers to monitor patients with less severe diseases in outpatient settings, clinics, or even at home. This method optimises resources while reducing the burden on healthcare facilities. Telemedicine and remote patient monitoring have been aggressively promoted in India, particularly in rural and distant locations. Low-acuity monitoring devices are critical to these programmes because they allow healthcare personnel to remotely monitor patient’s vital signs, ensuring prompt treatments and avoiding the need for patients to travel vast distances for consultations. Based on end user segment market is majorly divided into hospitals, homecare settings and ambulatory surgical centers. Ambulatory surgical centers are projected to grow at rapid pace in India multiparameter patient monitoring market. ASCs provide surgical procedures that do not necessitate an overnight hospital stay. These facilities cater to the increased demand for outpatient surgeries, which is being driven by advances in medical technology, minimally invasive treatments, and a need for faster recovery times. As ASCs become increasingly common in India, the demand for multiparameter patient monitoring within these facilities grows in order to assure patient safety and well-being throughout treatments. Technological improvements have resulted in an increase in the number of minimally invasive surgeries that can be performed in ASCs. These procedures frequently necessitate accurate monitoring of vital signs during the procedure, necessitating the incorporation of multiparameter patient monitoring equipment within these centres to assure patient stability and safety during the treatment.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Multiparameter Patient Monitoring market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Device:
• Portable
• Fixed

By Acuity Level:
• High-Acuity Level
• Medium Acuity Level
• Low Acuity Level

By End User:
• Hospital
• Homecare Settings
• Ambulatory Surgical Centers

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Multiparameter Patient Monitoring industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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