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Vital signs monitoring market poised to reach $6.2 trillion by 2024

Vital signs monitoring market poised to reach $6.2 trillion by 2024

The Global Vital Signs Monitoring Market is projected to reach USD 6206.2 billion by 2024, from USD 3,750.0 billion in 2016, at a CAGR of 6.5% during the forecast period from 2017 to 2024.”

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The market is segmented by Product {Blood Pressure Monitoring (Aneroid BP, Automated BP, Ambulatory BP, Accessories), Pulse Oximeter (Tabletop/Bedside, Fingertip, Handheld, Wrist Worn, Pediatric, Accessories), Temperature Monitoring (Mercury-Filled, Digital, Infrared, Strips, Accessories)} Type (Standalone, Portable) Distribution Channel (Hospital Pharmacy, Pharmacy Stores, Online Websites, Others) End Users (Hospitals  & Clinics, Ambulatory Surgery Centers, Home Healthcare, Diagnostic Center, Others) Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.

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According to American Heart Association, cardiovascular disease (CVD) is the leading cause of death globally. It accounts for more than 17.3 million deaths per year and this number is expected to reach more than 23.6 million by 2030.

Heart disease is considered to be the leading cause of death in the U.S.

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it is estimated that around 370,000 Americans die due to heart diseases in a year which accounts for 1 in 7 deaths in the U.S.

is due to heart disease.

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The global vital signs monitoring market is segmented on the basis of product, type, distribution channel, end-user, and geography.

Based On Product Type:

  • Blood Pressure Monitoring
  • Pulse Oximeter
  • Temperature Monitoring Devices

Based On Type:

  • Standalone  
  • Portable

Based On End-User:

  • Hospitals & Clinics
  • Ambulatory Surgical Centers
  • Home Healthcare
  • Diagnostic Centers
  • Others

Based On Distribution Channel:

  • Hospital Pharmacy
  • Pharmacy Stores
  • Online Websites
  • Others

Based on Geography the market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East Africa

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.

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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
  • Medtronic
  • 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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