Vital Signs Monitoring Devices Market By Product Type (Body Temperature Monitoring Devices, Respiratory Rate Monitoring Devices & Blood Pressure Monitoring Devices), By End Users (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings & Other Healthcare Settings) - Growth, Future Prospects, and Competitive Analysis, 2017 -2025

The report titled "Vital Signs Monitoring Devices Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the overall vital signs monitoring devices market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of vital signs monitoring devices market segments based on product type, end consumers, and different geographies further segmented by countries. Vital signs are the measurements of the body's most basic functions. Vital signs can be measured in a medical setting, at home, or at the scene of an emergency. Devices for monitoring vital signs can be either stationary or portable.

For the purpose of this study, the vital global signs monitoring device market is segmented on the basis of product type and end users. The product type is further segmented into body temperature monitoring devices, respiratory rate monitoring devices, and blood pressure monitoring devices. Body temperature monitoring devices are further segmented into digital thermometers, electronic ear thermometers, infrared thermometers, plastic strip thermometers, pacifier thermometers, and glass and mercury thermometers. Respiratory monitoring devices are further segmented into pulse oximeters and radiometers (transcutaneous monitoring systems). Blood pressure monitoring devices are further segmented into aneroid monitors, digital monitors, and ambulatory monitors. End users are further segmented into hospitals, clinics, ambulatory surgical centers, homecare settings, and other healthcare settings. Market estimates and forecasts for these segments are provided in US$ Mn, along with the respective compounded annual growth rates (CAGRs) for the period 2017-2025, with 2016 as the base year.

The geographical segmentation of the vital global signs monitoring devices market comprised regions such as North America, Europe, Asia-Pacific, Latin America & the Middle East, and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, Brazil, Mexico, Saudi Arabia, South Africa, and other countries. The market size and forecast for these segments during 2015–2025 and their CAGRs for the period 2017–2025 are provided in this report.

The vital signs monitoring devices market is observed as the most diversified and competitive market, comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are Welch Allyn, Omron Healthcare, Generation Guard, Vive, Ozeri, Panasonic, Gurin Product LLC, Medtronic, A&D Medical Inc., Contec Medical System Co. Ltd., GE Healthcare, Philips Healthcare, SunTech Medical Inc., Rossmax International Ltd., 7.14. Nonin Medical, Inc., and others.

Based on the type of product, the vital global signs monitoring devices market is segmented as follows:

  • Body temperature monitoring devices:
  • Digital thermometers:
  • Oral (in the mouth)
  • Rectal (at the bottom)
  • Axillary (under the arm)
  • electronic ear thermometer
  • Forehead thermometers
  • Plastic "fever" strip thermometers
  • Infrared thermometers
  • Pacifier thermometer
  • Glass and mercury thermometers
  • Respiratory monitoring device:
  • Pulse oximeter
    • Table-top or bedside pulse oximeter
    • Fingertip pulse oximeter
    • Hand-held pulse oximeter
    • Wrist-worn pulse oximeter
    • Pediatric pulse oximeter
    • transcutaneous monitoring system—radiometer
  • Blood pressure monitoring devices:
    • Aneroid monitors
    • Digital monitors
    • Ambulatory monitors

In the year 2016, blood pressure monitoring devices dominated the market due to the increasing prevalence of cardiac disorders such as hypertension, cardiovascular disease, and obesity. These devices are now being designed with wireless capabilities, making them easier to use in homecare settings. People with increased risk for noncommunicable diseases have also been using blood pressure monitoring devices as a preventive measure, thus capturing a major chunk of the vital signs monitoring device market. The pulse oximeter also grabbed a major share of the market owing to its development into a more portable form. The fingertip pulse oximeter, due to its portable nature, has shown increased demand in the market, resulting in increased profitability. Because of their ease of use and prevalence in homecare settings, body temperature monitoring devices have gained the majority share in terms of volume. Digital thermometers have grabbed a larger share due to ease of use and safety reasons when compared to mercury thermometers. The prevalence of noncommunicable diseases is rising, as is the development of these devices, as is awareness of their use in low-income countries; these factors will drive the growth of the vital signs monitoring devices market in the near future.

Based on end users, the vital global signs monitoring devices market is segmented as follows:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Homecare Settings
  • Other Healthcare Settings

Hospitals are the major end users for vital sign monitoring devices, mainly due to their large patient pools and increased financial capabilities. The hospitals use portable and standalone devices, thus catering to the use of all sorts of devices. Hospitals tend to keep all essential monitors in every patient room and also have standby monitoring devices. The demand for vital sign monitoring devices in homecare settings is on the rise. Patients may prefer to receive treatments or recover from surgery at home. Home healthcare is cost-efficient compared to hospital care; patients, therefore, prefer it. Countries such as the US and UK have also eased reimbursement policies for these devices in home settings. As the prevalence of noncommunicable diseases is on the rise, there could be an increase in demand for home-based vital sign monitoring devices.

For the purpose of this study, the global vital signs monitoring devices market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)
  • Africa

Among the various geographies considered, North America holds a predominant market share in the market for vital signs monitoring devices. The catalysts that propel this market are the constant rise in the geriatric population, the rise in prevalence of chronic conditions such as hypertension, obesity, chronic obstructive pulmonary disorder, and other non-communicable diseases, the availability of advanced technologies for vital sign monitoring, and the provision of structured reimbursement policies for vital sign monitoring devices. Europe also accounts for a dominant position in the vital sign monitoring devices market, which is accounted for by factors such as the rise in mortality rates due to noncommunicable diseases, thus creating a demand for preventive care, the rise in demand for home-setting monitoring practices, and the availability of smart technologies for vital sign monitoring purposes that enable remote monitoring of the patients by respective physicians. In the forecast period 2017–2025, the Asia Pacific market is projected to grow at a faster rate. The major factors that drive this market are the increase in accessibility and availability of the latest technologies, the rise in the prevalence of chronic conditions in middle-income countries, and the slow but constant growth in the development of reimbursement policies.

Frequently Asked Questions:

The market for Vital Signs Monitoring Devices is expected to reach USD 7,316.4 Mn in 2025.

The Vital Signs Monitoring Devices market is expected to see significant CAGR growth over the coming years,at 7.2%

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Welch Allyn,Omron Healthcare,Generation Guard,Vive Health,Panasonic are some of the major players in the global market.

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Published Date:  Oct 2017
Category:  Medical Devices
Report ID:   58747
Report Format:   PDF
Pages:   120
Rating:    4.8 (40)
Delivery Time: 24 Hours to 48 Hours   
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