Vital Signs Monitoring Equipment Market Segmentation by Product Type (Pulse Oximeters, Blood Pressure Monitoring Devices, Temperature Monitoring Devices); by End-User (Hospitals, Ambulatory Surgical Centers, Clinics, Home Care, and Others)-Global Demand Analysis & Opportunity Outlook 2030

Global Vital Signs Monitoring Equipment Market Highlights over 2022-2030

The global vital signs monitoring equipment market is estimated to be approximately USD 8 Billion in 2021 and further grow at a CAGR of nearly 9% over the forecast period, i.e., 2022-2030. The growth of the market can be attributed to increasing awareness of the importance of monitoring vital signs in homes over rising prevalence of chronic and infectious diseases. Moreover, rise in demand for personalized healthcare, increasing geriatric population, and rise in incidences of cardiovascular disorders are further boosting the growth of the market.

GET A SAMPLE COPY OF THIS REPORT
 

Vital signs are basic medical signs that measure vital body functions, such as body temperature, pulse rate, breathing rate, blood pressure, etc. Measuring vital signs help assess general physical health of a person, detect acute medical problems, indication of chronic disease state, and to understand how body copes with physiological stress. The global pandemic boosted the market growth exponentially. Demand for vital sign monitoring devices increased 16 times, and production became a challenge to maintain the demand.

However, high price associated with certain products is likely to restrain the growth of the market. Increasing technology advancements make devices easier and convenient to use and measure readings which impact in the product price. Moreover, presence of unethical devices that provide false readings is also expected to hinder the market growth.

The market is segmented by product type into pulse oximeters, blood pressure monitoring devices, temperature monitoring devices, out of which, the blood pressure monitoring devices segment is anticipated to hold the largest share of the market over the forecast period owing to increasing prevalence of cardiovascular diseases, and fluctuating BP among geriatric population and people with lifestyle associated diseases like obesity and diabetes. However, the pulse oximeters segment is projected to witness the highest growth  during the forecast period. The growth of the segment can be attributed to growing product approval on the back of rising demand due to the spread of coronavirus disease in which SpO₂ reading is a vital sign.

Global Vital Signs Monitoring Equipment Market Regional Synopsis

Regionally, the global vital signs monitoring equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America region is expected to hold the largest share of the market and witness growth over the forecast period owing to well established healthcare infrastructure, increasing prevalence of lifestyle related diseases, and presence of major manufacturers.

Asia Pacific region is projected to witness significant growth during the forecast period and provide potential business opportunities owing to its high population base, and increasing awareness among the population regarding the several benefits of such equipment.

Market Segmentation

Our in-depth analysis of the global vital signs monitoring equipment market includes the following segments:

By Product Type

• Pulse Oximeters

• Blood Pressure Monitoring Devices

• Temperature Monitoring Devices

By End-User

• Hospitals

• Ambulatory Surgical Centers

• Clinics

• Home Care

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Vital Signs Monitoring Equipment Market

      Growth Drivers

• Increasing awareness of the importance of monitoring vital signs in homes

• Rise in demand for personalized healthcare

• Increasing geriatric population

• Rise in incidences of cardiovascular disorders

Challenges

• High cost of certain products

• Presence of unethical devices with false readings

Key Companies Dominating the Global Vital Signs Monitoring Equipment Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global vital signs monitoring equipment market that are included in our report are Koninklijke Philips N.V., Medtronic, Nihon Kohden Corporation, Masimo, OMRON Healthcare, Inc., Contec (Focus Technology Co. Ltd.), A&D Company Ltd., Nonin, and others.

Latest Developments in the Global Vital Signs Equipment Monitoring Market:

December 2019: Nonin introduced a new vital signs monitoring tool that combines vital signs data and observational data. This device can identify patients with high risk of deterioration and convert itself to a continuous monitoring mode, allowing physicians to promptly assess patient condition.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.