Market Scenario:
Global vital signs monitoring market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 4.4 billion in 2017 and is projected to grow at a CAGR of 7.5% over the forecast period. Vital signs monitoring devices are used for measuring or monitoring the vital signs i.e. blood pressure, temperature, heart rate and respiration rate of a person. These signs are required to be in normal range for a human being to lead a healthy life.
The factors such as growing geriatric population, rising prevalence of chronic diseases and changing lifestyle are expected to propel the growth of the market. However, the high cost of devices and stringent government regulations can hamper the market growth over the forecast period.
Vital Signs Monitoring Market Key Players
The renowned entities of the global market for vital signs monitoring market share are
- Hicks Thermometers India Limited
- Koninklijke Philips N.V.
- Medtronic
- GENERAL ELECTRIC COMPANY
- Masimo
- Mindray DS USA Inc.
- Spacelabs Healthcare
- SunTech Medical Inc.
- Omron Healthcare Inc.
- Welch Allyn
- Smiths Medical
- CASMED
Vital Signs Monitoring Market Segmentation
The global vital signs monitoring market can be distinguished on the basis of portability, distribution channel, product, type, end-user, and region.
On the basis of portability, the global market for vital signs monitoring can be classified into standalone and portable.
On the basis of the distribution channel, the global market for vital signs monitoring can be classified into retail pharmacies, hospital pharmacies, online websites, and others.
On the basis of product, the global market for vital signs monitoring can be classified into respiratory rate monitors, pulse oximeter, blood pressure monitoring devices, temperature monitoring devices, others.
On the basis of end-user, the global market for vital signs monitoring can be classified into hospitals & clinics, ambulatory centers, home healthcare, and others.
On the basis of type, the global market for vital signs monitoring can be classified into integrated systems, non-integrated systems, and others.
On the basis of region, the global market for vital signs monitoring can be classified into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Vital Signs Monitoring Market Regional Analysis
The global market for vital signs monitoring is likely to expand significantly during the review period. As per MRFR, the geographical analysis of the Americas, Europe, Asia-Pacific, and the Middle East & Africa has been conducted. As per the study, the global market is projected to be led by the Americas. The most significant factor responsible for regional market growth is the fast-growing geriatric population. Also, the region has an abundant budget for healthcare expenditure.
The European market is estimated to acquire the second position in terms of market share. The expansion can be attributed to the change in lifestyle and the increasing demand for health patient monitoring equipment. On the contrary, the APAC region is estimated to acquire the third position in terms of market share. However, the region is projected to expand at the fastest rate due to the increasing geriatric population and the widespread chronic disease in the region.
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