Vital Signs Monitoring Market Research Report: By Product (BP Monitoring, Pulse Oximeter, etc.), By Type (Non-Integrated System, Integrated System, etc.), Portability (Standby, Portable), By End User, By Distribution Channel – Forecast 2027
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Overview:
Vital signs monitoring is a measuring or monitoring device used to obtain important information about an individual’s health. Some of the vital signs monitored through these devices are heart rate, blood pressure, temperature or temperature, and a person’s breathing rate. It is very important that the signs stay in the normal range so that the individual leads a healthy life. The market is expected to grow at a significant CAGR of 7.5% during the review period between 2018 and 2023, according to a recent survey of the global vital sign monitoring market by the Market Research Future (MRFR) team.
Market segmentation
The vital signs monitoring market is segmented based on type, product, end user, portability, and distribution channel.
Market types include non-integrated systems, integrated systems, and more.
By product, the market consists of respiratory rate monitors, blood pressure monitors, temperature monitors, pulse oxidation meters and others.
Depending on portability, the market is divided into portable and independent. Here, standalone devices are expected to become major market players during the forecast period. This is due to the high utilization of these forms of devices in outpatient centers, hospitals and clinics. Portable devices, on the other hand, are expected to grow at a rapid pace due to the exponential growth in preference for these devices in the home healthcare setting due to the convenience they provide.
End users include outpatient centers, hospitals & clinics, home healthcare and more.
Depending on the distribution channel, the market is segmented into retail pharmacies, hospital pharmacies, online websites, and others.
Regional analysis
Geographical segmentation of the global vital sign monitoring market includes key regions such as the Americas, Asia Pacific, Europe and the Middle East / Africa.
Both the Americas and Europe are heading for global market share. However, the Americas are expected to go beyond the latter and dominate the global market during the forecast period. Increasing medical costs and the elderly population are two of the main drivers of market growth.
Europe is projected to be second in market share. This projected growth may be due to the surge in demand for home health patient monitoring equipment and changes in individual lifestyles and demographics.
The Asia Pacific region is the third largest holder of the global vital signs monitoring market share. The region, which is expected to become the fastest growing market, is driven by an increasing elderly population, widespread prevalence of chronic diseases and a surge in demand for vital sign monitoring equipment.
The Middle East and Africa region is projected to have the lowest market share. However, slowing market growth can be attributed to the development of medical infrastructure and the prevalence of chronic diseases.
Competitive analysis
Notable market players in the global vital sign monitoring market include General Electric Company, Natus Medical Incorporated, OMRON HEALTHCARE, Masimo, Mindley DS USA, Boston Scientific Corporation, Conincrike Phillips NV. , Medtronic, CASMED, Welch Allin, Suntech Medical, Ink, Spacelab Healthcare, Smith Medical, Hicks Hick, Simen
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