Global Vital Signs Monitoring Market, By Product (Blood Pressure Monitoring (Aneroid BP Monitors, Automated BP Monitors, Ambulatory BP Monitors, BP Device Accessories), Pulse Oximeter (Tabletop/Bedside Pulse Oximeter, Fingertip, Handheld, Wrist Worn, Pediatric Pulse Oximeter, Pulse Oximeter Accessories), Temperature Monitoring Devices (Mercury-Filled Thermometers, Digital Thermometers, Infrared Thermometers, Temperature Strips, Temperature Monitoring Devices Accessories)), By Type (Standalone, Portable), By Distribution Channel (Hospital Pharmacy, Pharmacy Stores, Online Websites, Others), By End Users (Hospitals & Clinics, Ambulatory Surgery Centers, Home Healthcare, Diagnostic Center, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Global Vital Signs Monitoring Market is expected to reach USD 6,206.2 million by 2024 from USD 3,750.0 million in 2016, at a CAGR of 6.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The major factors driving the growth of this Global Vital Signs Monitoring market are growing geriatric population, rising prevalence of chronic diseases, increasing health care expenditure, improving healthcare infrastructure, technological advancements, new product launches, improved reimbursement policies, and rising demand for home monitoring devices are driving the growth of the vital sign monitoring market. On the other hand, high cost of technological advancements, lack of trained professionals, and lack of awareness in the developing countries may hamper the growth of this market.
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The global vital signs monitoring market is segmented on the basis of product type, portability, application, end-user, and geography.
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On the basis of product, the vital sign monitoring market is segmented into blood pressure monitoring, pulse oximeter, and temperature monitoring devices.
On the basis of type, the vital sign monitoring market is segmented into standalone and portable.
The market is also segmented on the basis of distribution channel into hospital pharmacy, pharmacy stores, online websites, and others.
The market is also segmented on the basis of end-user into hospitals & clinics, ambulatory surgical centers, home healthcare, diagnostic centers, and others.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
The geographical regions are further segmented into major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.
The Global Vital Signs Monitoring Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in this market are
- Welch Allyn, Inc.
- A&D Medical
- Contec Medical Systems
- GE Healthcare
- Masimo Corporation
- Mindray Medical International Limited
- Nihon Kohden
- Omron Healthcare, Inc.
- Philips Healthcare
- Smiths Medical
- Dragerwerk AG & Co. KGaA
- CAS Medical Systems, Inc.
- Spacelabs Healthcare, Inc.
- Boston Scientific
- Nonin Medical
- Natus Medical
- Hicks Thermometers (India) Limited
- Suntech Medical, Inc.
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