Theglobal 'Vital SignsMonitoring Devices market Size’ is expectedto gain momentum from their increasing demand from several healthcareinstitutions to control the spread of the corona virus infection. The U.S. Foodand Drug Administration (FDA), for instance, put forward a new guideline inMarch 2020 that enables the manufacturers of specific FDA-cleare dsignmonitoring devices to broaden their utilization.
Itwould aid the healthcare providers in remotely monitoring patients. Thisinformation is given by Fortune Business Insights™ in a new report, titled,“Vital Signs Monitoring Devices Market Size, Share &COVID-19 ImpactAnalysis, By Type (Pulse-oximeters, Temperature Monitors, &Blood PressureMonitors), By End User (Hospitals and Ambulatory Surgical Centers, Clinics,Home Care Settings and Others), and Regional Forecast, 2020-2027.” The reportfurther states that the market size was USD 4.63 billion in 2019 and isprojected to reach USD 11.55 billion by 2027, exhibiting a CAGR of 11.0% duringthe forecast period.
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This Report Answers the Following Questions:
- Which is the dominant region in the market?
- What are the challenges and opportunities in the market?
- How will the market be affected by COVID-19?
- Which segment is set to lead the market in the near future?
Frequently Ask Question :
1) How much is the vital signsmonitoring devices market worth?
Fortune Business Insights says that the global vital signsmonitoring devices market size was USD 4.63 billion in 2019 and is projected toreach USD 11.55 billion by 2027.
2) What was the value of themarket in North America in 2019?
In 2019, the North America market value stood at USD 2.77 billion.
3) At what CAGR is the marketprojected to grow in the forecast period (2020-2027)?
Growingat a CAGR of 11.0%, the market will exhibit steady growth in the forecastperiod (2020-2027).
Regional Analysis-
Rising Entry of Numerous Manufacturers to Augment Growth in AsiaPacific
Geographically,North Americagenerated revenue of USD 2.77 billion in 2019 and is anticipatedto dominate the market throughout the forthcoming years. This growth isattributable to the higher incidence of chronic disorders associated withsedentary lifestyle in this region. As per a study by the InternationalDiabetes Federation, in the U.S., around 48 million people were suffering fromdiabetes in 2019. This factor would also propel the market growth in thisregion.
AsiaPacific, on the other hand, is likely to exhibit a considerable CAGR owing tothe entry of a large number of manufacturers in the region. Apart from that,the increasing awareness programs regarding multiple benefits of Vital SignsMonitoring Deviceswould accelerate growth in this region.
Table Of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
· Recent Industry Developments Such as Mergers & Acquisitions
· Reimbursement and Legal Aspect Overview
· New Product Launch
· Technological Advancements in Vital Sign Monitoring Devices
· Statistics on Prevalence of Lifestyle Related Diseases for KeyCountries
Continue…
An Overview of the Impact of COVID-19 on this Market :
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses across industries.However, this too shall pass. Rising support from governments and severalcompanies can help in the fight against this highly contagious disease. Thereare some industries that are struggling and some are thriving. Overall, almostevery sector is anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of corona virus outbreak across industries to help you preparefor the future.
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Drivers & Restraints-
Increasing Prevalence of NCD to Spur Demand for Vital SignsMonitoring Devices
Therising adoption of sedentary lifestyle amongst the masses is giving rise to alack of physical activities, as well as binge eating. Such practices arefurther resulting in the rising incidence of obesity, dyslipidemia, diabetes,hypertension, and other similar chronic disorders. Apart from that, the highercases of non-communicable diseases (NCD)is also set to contribute to the VitalSigns Monitoring Devicesmarket growth in the near future. The Global HealthObservatory data mentions that approximately 70.0% of the deaths in 2015occurred because of NCD. However, these devices are expensive in nature. Thisfactor may hamper the market growth.
Competitive Landscape-
Key Players Focus on Launching Advanced Vital Signs MonitoringDevices
Thecompanies present in the market are persistently investing hefty amounts ofmoney in research and development activities to create technologically advancedproducts. Below is one of the latest industry developments:
- June 2020: Hillrom unveiled its new connected remote vital signs monitoring device named Hillrom™ Extended Care Solution. It would provide clinicians access to crucial data for accurately looking into the patients’ health status from the institution or clinic. The patient however will remain at home.
FortuneBusiness Insights™ lists out the names of all the Vital Signs MonitoringDevices manufacturers operating in the global market. They are as follows:
- 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.
- Other Players
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Global Vital Signs Monitoring DevicesMarket Segmentation :
By Type
TemperatureMonitors
- Analog Temperature Monitoring Devices
- Digital Temperature Monitoring Devices
Blood Pressure Monitors
- Manual BP Monitors
- Digital BP Monitors
Pulse-oximeters
- Fingertip Pulse Oximeters
- Hand-held Pulse Oximeters
- Table-topPulse Oximeters
- Others
By End User
- Hospitals and Ambulatory Surgical Centers
- Clinics
- Home Care Settings
- Others
By Geography
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- The Middle East& Africa (South Africa, GCC and Rest of Middle East & Africa)
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