According to IMARC Group’s latest report, titled “Vital Signs Monitoring Devices Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global vital signs monitoring devices market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Vital signs monitoring devices are used for checking and observing patient’s blood pressure, body temperature, pulse rate, and respiratory rate. They primarily include blood pressure equipment, temperature monitoring devices, pulse oximeters, etc. These monitoring devices are portable, compact, steadfast, and compatible with emergency medical settings at residential complexes and ambulatory facilities. Vital signs monitoring devices can also be used to monitor activity and fitness levels for self-health tracking and early disease diagnosis.
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Market Trends:
The rising incidences of chronic diseases, along with the increasing geriatric population, are augmenting the demand for vital signs monitoring devices. Moreover, home monitoring devices, such as multi-parameter patient monitors, offer cost-effectiveness and convenience for measuring physiological parameters of the body. Furthermore, the COVID-19 (coronavirus disease) outbreak has also increased the demand for these devices significantly for evaluating the patient’s health status, providing appropriate care, and predicting recovery. Additionally, several technological developments have led to the integration of Bluetooth sensors and micro-electric technologies with health monitoring devices. Rising healthcare infrastructure development, coupled with the increasing penetration of wearable healthcare devices, is anticipated to drive the vital signs monitoring device market.
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The report has segmented the market on the basis of product type, end-user and geography.
Breakup by Product Type:
- BP Monitoring Devices
- Aneroid BP Monitors
- Automated BP Monitors
- Pulse-Oximeters
- Tabletop/Bedside Pulse-Oximeters
- Fingertip
- Handheld
- Wrist Worn
- Pediatric Pulse-Oximeters
- Temperature Monitoring Devices
- Mercury-Filled Thermometers
- Digital Thermometers
- Infrared Thermometers
- Temperature Strips
- Others
Breakup by End-User:
- Hospitals and Clinics
- Ambulatory Surgery Centers (ASCs)
- Home Care
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being A&D Company Ltd., Contec Medical Systems Co. Ltd., GE Healthcare, Koninklijke Philips N.V., Masimo, Medtronic, Nihon Kohden Corporation, Nonin Medical Inc., Omron Healthcare Inc., Smiths Group Plc, etc.
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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