VitalSigns Monitoring Market Research Report: by Product (BP Monitoring, PulseOximeter, Other), by Type (Non-Integrated System, Integrated System &Others), by Portability (Standalone, Portable), by End User, by DistributionChannel - Global Forecast Till 2027
Market Scenario:
Global vital signsmonitoring market is expected to grow significantly over the forecastperiod. It is anticipated that the market held a valuation of USD 4.4 billionin 2017 and is projected to grow at a CAGR of 7.5% over the forecastperiod. Vital signs monitoring devices are used for measuring ormonitoring the vital signs i.e. blood pressure, temperature, heart rate andrespiration rate of a person. These signs are required to be in normal rangefor a human being to lead a healthy life.
VitalSigns Monitoring Market Competition Outlook
GENERALELECTRIC COMPANY, Hicks Thermometers India Limited, Masimo, SpacelabsHealthcare, Natus Medical Incorporated, Smiths Medical, CASMED, SiemensHealthcare Private Limited, Omron Healthcare, Inc., Welch Allyn, SunTechMedical, Inc., Koninklijke Philips N.V., Mindray DS USA, Inc., BostonScientific Corporation, and Medtronic are key players of the global vital signsmonitoring market.
VitalSigns Monitoring Market Segmentation
Theglobal vital signs monitoring market has been segmented into product, type,portability, end user and distribution channel.
Productscomprise respiratory rate monitors, blood pressure monitoring devices,temperature monitoring devices, pulse oximeter, and others.
Themarket, by type, has been segmented into integrated systems, non-integratedsystems, and others.
Themarket, by portability, has been segmented into standalone and portable.Standalone devices are expected to dominate the global vital signs monitoringmarket owing to high usage of such devices in hospitals, clinics, and otherhealthcare facilities. On the other hand, portable devices are anticipated tobe the fastest growing segment owing to rising preference of such devices inhome healthcare settings. Emergence of wearables and their ability to alerthealthcare services in case of emergencies can drive the segment growththroughout the forecast period.
Themarket, by end user, has been segmented into home healthcare, hospitals &clinics, ambulatory centers, and others.
Themarket, by distribution channel, has been segmented into online websites,hospital pharmacy, retail pharmacies, and others.
VitalSigns Monitoring Market Regional Analysis
Global Vital Signs Monitoring Market has beensegmented, by region, into the Americas, Europe, Asia Pacific (APAC), and theMiddle East & Africa (MEA).
TheAmericas are expected to lead the global vital signs monitoring market owing toa large geriatric populace and a large healthcare expenditure. According to areport by Population Reference Bureau, the geriatric population in the Americascan reach 98 million by 2060. North America has been making strides byconducting clinical trials of vital signs monitoring devices as well assuccessful adoption of wearables in the U.S. Efforts in controlling theCOVID-19 virus has culminated in the U.S. FDA approving the use of non-invasivevital sign monitoring equipment.
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