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Vital Signs Monitoring Market

Vital Signs Monitoring Market Size, Share & Trends Analysis Report By Product (Blood Pressure Monitoring, Mercury Blood Pressure Monitors, Digital Blood Pressure Monitors, Blood Pressure Instruments and Accessories, Pulse Oximeters, Table-Top/Bedside Pulse Oximeters, Fingertip Pulse Oximeters, Hand-Held Pulse Oximeters, Wrist-Worn Pulse Oximeters, Temperature Monitoring Devices, Mercury Filled Thermometers, Digital Thermometers, Infrared Thermometers, Liquid Crystal Thermometer, Other Vital Sign Monitors), By End-User (Hospitals, Physician Clinics, Home Healthcare Settings, Ambulatory Centers, Other Healthcare Settings) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRHI1207DR
Study Period 2020-2032 CAGR 9%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market North America Fastest Growing Market Asia Pacific
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Market Overview

The global vital signs monitoring market size was valued at USD 5123 million in 2019 and is expected to grow at a 9% CAGR during the forecast period.

Vital signs monitoring devices are used to measure and monitor basic functions in the human body such as body temperature, pulse rate, respiration rate, and blood pressure.

Based on these vital signs, the medical personnel can predict, diagnose, and monitor medical problems and diseases in a medical setting, at home, or the site of a medical emergency. These vital signs find huge applications in monitoring treatment progression and early diagnosis of various medical conditions among patients.

Market Dynamics

Global Vital Signs Monitoring Market Drivers

Increasing Usage of Vital Signs Monitoring Devices in Home Care Settings Significantly Boosting the Market

The Vital signs monitoring market encompasses products and services that help in monitoring general body functioning through continuous measurement of various parameters. These devices are powered by modern technologies that make these devices compact, portable, and a point of care. Increased availability of these products in the market has been raising awareness regarding the convenience and cost-effectiveness offered. This has positively influenced the market growth and is expected to drive the market.

Furthermore, there has been a recent trend in shifting preferences among patients who are increasingly opting for treatment at home instead of prolonged hospital stays. This is owing to significant cost advantage and reduced hospital expenditure that makes treatment more affordable. This shift has opened new opportunities for home monitoring devices that facilitate proactive monitoring of patients.

Rapidly Growing Geriatric Population Proliferating the Market

The geriatric population proportion across the globe has been rising at an exponential rate. World Health Organization also stated to expect a projected rise is estimated in the population within the geriatric age bracket.

As per the data published by the CIA World Factbook, approximately around 40.96% of the German population is traced within the age group of 25 to 54 years, and 14.23% of the population was in the 55 to 65 years age bracket in 2016. Further, the rise in chronic lifestyle diseases such as hypertension, cardiovascular diseases, diabetes, and other preexisting health conditions including COPD, sleep apnea, and infectious diseases has also been associated to the aging population.

For instance, in cases of patients with hypertension, continuous blood pressure monitoring is mandatory, and further, benefits such as home-based care are highly appreciated. Thus, these factors fuel the demand for vital signs monitoring devices across the globe. Further advancements such as all-in-one devices measuring pressure (BP), pulse, and temperature combined are responsible for significantly boosting the market. Additionally, the availability of improved reimbursement scenario in developed countries also boosts the market product adoption among patients.

Regional Analysis

American regional market was the highest revenue-generating market in 2019. This market dominance can be attributed to increased lifestyle-related diseases such as diabetes or hypertension and infectious and respiratory diseases in the region. For instance, as reported by the Center for disease control and Prevention (CDC), 32.8 million Americans were diagnosed with clinical hypertension.

According to WHO, Cardiovascular diseases (CVDs) were estimated to be the most frequent cause of death globally estimated to 17.9 million deaths annually. Moreover, product launch and development of the players and favorable reimbursement policies boost the market growth. For instance, Medicare allows payment for oximetry when accompanied by an appropriate ICD-9-CM code for a pulmonary disease(s), which is associated with oxygen desaturation.

The Asia-Pacific market is expected to register a high CAGR during the forecast period. This can be attributed to the growing prevalence of chronic diseases such as CVDs, Hypertension, Diabetes, and others. Further, the growing geriatric population in the region also boost the market growth projectile as patients are more potential consumers of vital sign monitoring since they suffer from a number of chronic disorders.

Furthermore, the regional market offers lucrative opportunities for players operating in the vital signs monitoring devices market, owing to its high population and thus consumer base, growing disposable incomes, increase in patient awareness about advanced monitoring devices.

Report Scope

Report Metric Details
By Product
  1. Blood Pressure Monitoring
  2. Mercury Blood Pressure Monitors
  3. Digital Blood Pressure Monitors
  4. Blood Pressure Instruments and Accessories
  5. Pulse Oximeters
  6. Table-Top/Bedside Pulse Oximeters
  7. Fingertip Pulse Oximeters
  8. Hand-Held Pulse Oximeters
  9. Wrist-Worn Pulse Oximeters
  10. Temperature Monitoring Devices
  11. Mercury Filled Thermometers
  12. Digital Thermometers
  13. Infrared Thermometers
  14. Liquid Crystal Thermometer
  15. Other Vital Sign Monitors
By End-User
  1. Hospitals
  2. Physician Clinics
  3. Home Healthcare Settings
  4. Ambulatory Centers
  5. Other Healthcare Settings
Company Profiles Koninklijke Philips N.V. Medtronic Nihon Kohden Corporation GE Healthcare Masimo Omron Healthcare Contec Medical Systems Co. Ltd A&D Company Ltd. Nonin Medical Inc. SunTech Medical, Inc.
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

Blood pressure monitoring devices dominate the global market in terms of revenue generation. This can be attributed to the large-scale adoption of the products among end-users. Blood Pressure is an essential parameter in almost all treatment procedures which justifies its widespread utilization. Further, patients suffering from high/low blood pressure or severe conditions such as hypertension, require routine monitoring of blood pressure as frequently as twice/thrice a day.

For instance, the World Health Organization (WHO) reported, that approximately 1.13 billion people globally were estimated to be suffering from hypertension in 2019, wherein most (two-thirds) patients are living in low- and middle-income countries. For these patients, the market products offer a cost-effective yet accurate medium of monitoring as conventional sphygmomanometers can only be operated by physicians and trained nurses. Thus, patients in need had to visit private clinics and incur additional costs to monitor their blood pressure. Thus, the market products are widely accepted and hence the market share. Moreover, technological advancements in BP devices such as the advent of mobile-based BP monitoring devices and the prominence of home-use BP monitors fuel the market growth.

The hospital segment dominates the global market in terms of revenue. This can be attributed to the integration of hospital authorities and extensive usage of these monitoring devices to keep track of patient’s health status. Additionally, these device enables round-the-clock monitoring of patients without intervention from medical personnel that promoting better healthcare services. Further, these devices have gained popularity in the hospital owing to their capabilities in enabling speedy intervention and diagnosis of the disease. Further, the accessories are easy to dispose of this, eliminating the need for sterilization and cleaning.

Market Size By Product

Market Size By Product
  • Blood Pressure Monitoring
  • Mercury Blood Pressure Monitors
  • Digital Blood Pressure Monitors
  • Blood Pressure Instruments and Accessories
  • Pulse Oximeters
  • Table-Top/Bedside Pulse Oximeters
  • Fingertip Pulse Oximeters
  • Hand-Held Pulse Oximeters
  • Wrist-Worn Pulse Oximeters
  • Temperature Monitoring Devices
  • Mercury Filled Thermometers
  • Digital Thermometers
  • Infrared Thermometers
  • Liquid Crystal Thermometer
  • Other Vital Sign Monitors
  • Recent Developments

    • In May 2019 Mindray and Masimo had entered into a strategic agreement that integrated Mindray monitoring devices with Masimo sensors. This agreement was aimed to expand the product market penetration in regions including countries of Europe, the Middle East, Russia, Asia Pacific, Australia, and India.

    Key Players

    Vital Signs Monitoring Market Share of Key Players

    Vital Signs Monitoring Market Share of Key Players
    Koninklijke Philips N.V. Medtronic Nihon Kohden Corporation GE Healthcare Masimo Omron Healthcare Contec Medical Systems Co. Ltd A&D Company Ltd. Nonin Medical Inc. SunTech Medical, Inc. Others

    Frequently Asked Questions (FAQs)

    What is the estimated growth rate (CAGR) of the Vital Signs Monitoring Market?
    Vital Signs Monitoring Market size will grow at approx. CAGR of 9% during the forecast period.
    Some of the top prominent players in Vital Signs Monitoring Market are, Koninklijke Philips N.V., Medtronic, Nihon Kohden Corporation, GE Healthcare, Masimo, Omron Healthcare, Contec Medical Systems Co. Ltd, A&D Company Ltd., Nonin Medical Inc., SunTech Medical, Inc., etc.
    North America has held a dominant position in the Vital Signs Monitoring Market, with the largest market share.
    The region with the most rapid expansion in the Vital Signs Monitoring Market is Asia Pacific.
    The global Vital Signs Monitoring Market report is segmented as follows: By Product, By End-User

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