Global Vital Signs Monitoring Market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 4.4 billion in 2017 and is projected to grow at a CAGR of 7.5% over the forecast period. Vital signs monitoring devices are used for measuring or monitoring the vital signs i.e. blood pressure, temperature, heart rate and respiration rate of a person.
The increasing geriatric population, rising prevalence of chronic diseases, technological advancements and rising incidences of hypertension are expected to drive the market growth over the forecast period. According to a report published by the Center for Disease Control and Prevention in November 2016, 75 million people in the US suffer from high blood pressure (usually caused by hypertension). However, high cost of devices and strict government regulations can restrain the market growth over the assessment period.
Segmentation:
The global vital signs monitoring market has been segmented into product, type, portability, end user and distribution channel.
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The market, on the basis of product, has been segmented into blood pressure monitoring devices, pulse oximeters, temperature monitoring devices, respiratory rate monitors and others. Blood pressure monitoring devices are expected to hold the largest market share owing to the rising prevalence of high blood pressure and hypertension. Market for pulse oximeters is expected to grow at the fastest CAGR owing to rising prevalence of cardiopulmonary diseases and chronic obstructive pulmonary disease.
The global market, on the basis of type, has been segmented into non-integrated systems, integrated systems and others.
The global market, on the basis of portability, has been segmented into standalone and portable.
The global vital signs monitoring market, by end user, has been segmented into hospitals & clinics, ambulatory centers, home healthcare and others.
The global vital signs monitoring market, by distribution channel, has been segmented into hospital pharmacy, retail pharmacies, online websites and others.
Key Players:
Some of the prominent players in the global vital signs monitoring market are Medtronic, Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, Boston Scientific Corporation, Natus Medical Incorporated, Siemens Healthcare Private Limited, Spacelabs Healthcare, Masimo, Mindray DS USA, Inc., SunTech Medical, Inc., Welch Allyn, Omron Healthcare, Inc., Smiths Medical, Hicks Thermometers India Limited, CASMED and Others.
Intended Audience
- Healthcare Organizations
- Research Laboratories
- Medical Device Manufacturers
- Medical Device Suppliers
- Research and Development Organizations
