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Vital Signs Monitoring Devices Market Size, Analysis By Growth Rate, Future Demand and Leading Players Updates by Forecast to 2021-2030

Vital signs monitoring devices are used for the measurement of vital parameters, including blood pressure, heart rate, respiratory rate, and body temperature, to monitor physical functioning of the body. They offer clinically relevant information regarding the health status of the patients. This information plays a vital role in identifying the presence of any acute medical problem or chronic disease state. Vital signs of a patient are recorded at the emergency department, pre- and post-surgery, and during treatment at hospitals.

The global vital signs monitoring devices market is expected to reach $5,491 million by 2022 from $3,694 million in 2015, growing at a CAGR of 5.8% during the study period.

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Market Statistics:

The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2030 are viewed as the forecast period.

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

This market is expected to witness significant growth during the forecast period due to increase in importance of vital signs monitoring devices in home care settings and improved reimbursement scenario for pulse oximeters in developed countries. In addition, upsurge in geriatric population and rise in incidence rate of cardiovascular disorders such as hypertension and other preexisting health conditions including COPD, sleep apnea, and infectious diseases have fueled the demand for vital signs monitoring devices. Moreover, increase in use of vital signs monitoring devices for fitness monitoring and rise in ambulatory surgery centers that use vital signs monitoring devices routinely have fueled the market growth. However, lack of awareness about these devices in the low- and middle-income countries hamper the market growth.

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The vital signs monitoring devices market is segmented on the basis of product type, end user, and geography. Based on product type, the market is segmented into blood pressure monitoring devices, pulse oximeters, and temperature monitoring. On the basis of end user, the market is classified into hospitals & clinics, ambulatory surgery centers, and home care settings. The market is analyzed on the basis of four geographical regions, which include North America, Europe, Asia-Pacific, and LAMEA.

Prominent players have adopted product development including product launches, approvals, and clinical trials as their key developmental strategy to expand their product portfolio. For instance, in July 2016, SunTech (now Halma plc) received FDA clearance for its next generation spot-check vital signs device, SunTech C40. The device helps in the accurate measurement of blood pressure plus other vital signs including temperature and pulse oximetry using advanced features and digital connectivity. Moreover, reimbursement policies for pulse oximeters have fueled the demand for vital signs monitoring products. For instance, Medicare offers reimbursement for pulse oximeters used for a pulmonary disease(s) in case of using diagnosis code ICD-9-CM, which describes a patient’s condition and the motive of using the service or procedure. The present procedural technology identifies three codes for oximetry-94760, 94761, and 94762.

Key benefits

This report provides an extensive analysis of the current and emerging market trends and dynamics in the global vital signs monitoring devices market.
Comprehensive analysis of all geographic regions is provided to determine the prevailing opportunities across the geographies.
This study evaluates the competitive landscape of the market to predict the competitive environment across geographies.
This report entails the detailed quantitative analysis of the current market and estimations from 2014 to 2022 to identify the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the market growth is provided in the report.
Region- and country-wise vital signs monitoring devices market conditions are comprehensively analyzed in the report.

Key market segments

By Product Type

Blood Pressure Monitoring Device
Aneroid BP Monitors
Digital BP Monitors
Ambulatory BP Monitors
Blood Pressure Instrument Accessories
Pulse Oximeters
Table-top/Bedside Pulse Oximeters
Fingertip Pulse Oximeters
Hand-held Pulse Oximeters
Wrist-worn Pulse Oximeters
Pediatric Pulse Oximeters
Temperature Monitoring Device
Digital Thermometers
Infrared Thermometers
Temperature Strips

By End User

Hospitals & Clinics
Ambulatory Surgery Centers (ASCs)
Home Care Settings

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By Geography

North America
Rest of Europe
South Korea
Rest of Asia-Pacific
Saudi Arabia
Republic of South Africa
Rest of LAMEA

The key players profiled in this report are:

Welch Allyn (a subsidiary of Hill-Rom Holdings, Inc.)
SunTech Medical, Inc. (a subsidiary of Halma plc)
Nonin Medical, Inc.
Omron Corporation
Masimo Corporation
Contec Medical Systems Co., Ltd
Medtronic plc
Nihon Kohden Corporation
Smiths Group plc
A&D Company, Limited

Other players operating in the vital signs monitoring devices market include:

Spacelabs Healthcare, Inc.
Mindray Medical International Limited
CAS Medical Systems, Inc.
Dragerwerk AG & Co. KGaA
Briggs Healthcare

Table of Content:

  • Market Definition and Overview
  • Research Method and Logic
  • Market Competition Analysis
  • Product and Service Analysis
  • Strategies for Company to Deal with the Impact of COVID-19
  • Market Segment by Type, Historical Data and Market Forecasts
  • Market Segment by Application, Historical Data and Market Forecasts
  • Market by by Region, Historical Data and Market Forecasts
  • Market Dynamic Analysis and Development Suggestions

Key Questions Answered in the Market Report

• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies?
• What is the outlook for the impact market during the forecast period 2021-2030?
• What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration?
• What is the end user perception toward?
• How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021?
• What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration?
• What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration?
• What are the key strategies adopted by companies in the impact market?
• What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030?
• What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market?
• Who are the key end users of pharmaceutical quality? What is their respective share in the impact market?
• Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030?
• Which are the key players in the impact market?

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