Vital Signs Monitoring Devices Market Analysis Report - Growth Opportunities 2028

MARKET OVERVIEW

Vital signs monitoring devices measure or track vital signs such as blood pressure, heart rate, temperature, respiratory rate, and oxygen saturation. The devices are used in various settings such as hospitals, clinics, ambulatory surgical centers, home care settings, and emergency medical services. The vital signs monitoring devices market is anticipated to rise significantly in the coming years, driven by the increasing prevalence of chronic diseases, technological advancements in vital signs monitoring devices, and the growing demand for remote monitoring. The market is also driven by the increasing adoption of telemedicine, which allows for remote monitoring of patients, and the growing focus on preventive healthcare.

MARKET SCOPE

The "Vital Signs Monitoring Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on global market trend analysis. The report aims to provide an overview of vital signs monitoring devices market with detailed market segmentation by product, end user, and geography. The vital signs monitoring devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in vital signs monitoring devices market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The vital signs monitoring devices market is segmented into product and end user. Based on the product vital signs monitoring devices market is segmented as pulse oximeters, blood pressure monitors, temperature monitoring devices, and others. The pulse oximeter segment is further divided into table-top/beside pulse oximeters, hand-held pulse oximeters, wrist-worn pulse oximeters, fingertip pulse oximeters, pediatric pulse oximeters, and pulse oximeter accessories. Similarly, blood pressure monitors are sub-segmented as mercury blood pressure monitors, analog blood pressure monitors, and digital pressure instrument accessories. Whereas temperature monitors devices are further divided into mercury filled thermometers, digital thermometers, infrared thermometers, liquid crystal thermometers, and temperature monitoring device accessories. And on the basis of end user the market is segmented as hospitals & clinics, ambulatory care centers, and home healthcare.

MARKET DYNAMICS

Drivers

• Rising demand for home healthcare devices and increasing prevalence of cardiovascular diseases, diabetes, obesity and other chronic disease.
• Increasing healthcare awareness and increasing technological advancements
• Lifestyle changes and technological advancements in wearable and hand-held medical devices are leading to market growth.

Restraints

• Challenges associated with monitoring devices may hinder the growth of the market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the vital signs monitoring devices market based on various segments. It also provides market size and forecast estimates from year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The vital signs monitoring devices market by each region is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.

The report analyzes factors affecting vital signs monitoring devices market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the vital signs monitoring devices market in these regions.

IMPACT OF COVID-19 ON VITAL SIGNS MONITORING DEVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The vital signs monitoring devices market registered significant growth during the COVID-19 pandemic times as more physicians worked on investigating the brain activity using computer chips of the virus-affected people.

MARKET PLAYERS

The report covers key developments in the vital signs monitoring devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players in the vital signs monitoring devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for vital signs monitoring devices in the global market. Below mentioned is the list of a few companies engaged in the vital signs monitoring devices market.

The report also includes the profiles of key players in the vital signs monitoring devices market, along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years.

• Koninklijke Philips N.V.
• Medtronic
• Nihon Kohden Corporation
• Hill-Rom Holdings, Inc. (Welch Allyn)
• GE Healthcare
• Omron Corporation
• Nonin Medical Inc.
• SunTech Medical, Inc.
• Masimo Corporation
• Contec Medical Systems Co. Ltd.

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.