Global Vital Signs Monitoring Devices Market Report to 2030 – Rising Chronic Disease Incidence Rate Drives Growth – ResearchAndMarkets.com | Nation/World

DUBLIN–(BUSINESS WIRE)–August 23, 2022–

The “Global Vital Signs Monitoring Devices Market, By Product, By Application, By End User, Estimate & Forecast, 2017-2030” report has been added to ResearchAndMarkets.com’s offering.

Global Vital Signs Monitoring Devices Market held a market value of USD 4,960.0 Million in 2021 and is projected to reach USD 8,126.0 Million by 2030. The market is expected to grow at a CAGR of 5.8% during of the forecast period.

The vital signs monitoring devices industry is expected to grow at a substantial rate owing to the rising incidence of chronic and acute diseases and growing innovations in the field. Additionally, the increase in the elderly population across the globe is significantly contributing to the increase in the growth rate of the vital signs monitoring devices market. For example, according to the World Health Organization (WHO), the world’s geriatric population (aged 60 and over) is expected to reach around 2 billion by 2050. Thus, such actions contribute to the growth rate.

Increasing launches of new devices and their profitability are also driving the growth of the market. Increase in product launches is a lucrative opportunity for market growth and is expected to contribute significantly to the growth of the vital signs monitoring devices market space.

Growth Influencers:

Increase in the incidence rate of chronic diseases

The increasing incidence rates and prevalence of diseases such as cardiovascular diseases, neurological disorders and cancer are creating a huge demand for the adoption of vital signs monitoring systems, which in turn is increasing the demand for advanced systems enabling healthcare providers to reduce the time needed and help deliver treatment when it is needed.

For example, according to the World Health Organization, the main diseases that cause the most deaths from non-communicable diseases (NCDs) are cardiovascular diseases, cancers, respiratory diseases and diabetes, which account for more than 80% of all premature NCD deaths. Thus, these statistics contribute to the demand and growth of the market.

Technological advancement and innovation of new devices

The increase in point-of-care devices accessible to patients of all age groups is driving the growth of the market. For example, in April 2021, A&D Company launched a new product in response to the ISO80369 series of international standards, the “A&D Plus Series” home-use upper arm blood pressure monitor. Thus, such innovative product launches propel the growth of the market.

The Global Vital Signs Monitoring Devices Market report answers questions like:

  • What is the market size and forecast of the global Vital Signs Monitoring Devices market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Vital Signs Monitoring Devices Market during the assessment period?
  • What are the products/segments/applications/areas to invest in during the assessment period in the Global Vital Signs Monitoring Devices Market?
  • What is the competitive strategic window for opportunities in the Global Vital Signs Monitoring Devices Market?
  • What are the technological trends and regulatory frameworks in the global vital signs monitoring devices market?
  • What is the market share of the major players in the global vital signs monitoring devices market?
  • What modes and strategic moves are considered favorable for entering the global Vital Signs Monitoring Devices market?

Presentation of the segments:

The global vital signs monitoring devices market is segmented into measurement parameters, application, form factor and end user.

By measuring parameters

  • Oxygen
  • Arterial pressure
  • Temperature
  • EKG
  • Carbon dioxide
  • Respiratory
  • Heartbeat
  • Blood glucose
  • Cardiac flow
  • Others

The oxygen segment is expected to show the highest growth rate of 7% during the forecast period. Moreover, the blood pressure segment held the largest market share of more than 25% in 2021. In addition to this, the ECG segment is expected to cross the $1,000 million revenue mark by 2028.

By request

  • Intensive care
  • Veterinary
  • Ambulatory
  • Emergency
  • Clinical
  • Transportation
  • Anesthesia
  • Others

The critical care segment is expected to grow at the highest CAGR of 6.7% due to increasing applications of vital signs monitors in this environment. In addition to this, the outpatient segment is estimated to hold an opportunity of over USD 700 million from 2021 to 2030. Additionally, the transportation segment is expected to cross the USD 500 million revenue mark by 2024.

By form factor

  • Portable
  • Portable
  • Portable
  • Compact (desktop)
  • Modular
  • On the ground
  • Tunnel

The portable segment held the largest market share of over 30% in 2021, while the modular segment is expected to hold an opportunity of over USD 750 million during the period 2021-2030.

Per end user

  • Hospitals
  • Clinics
  • Ambulatory centers
  • Home care
  • Veterinary clinics

The outpatient center segment recorded the highest growth rate of 6.6% during the forecast period owing to the increase in outpatient services and the use of premium vital signs monitors in the ambulances.

Companies cited

  • A&D Company Ltd.
  • Clarity Medical Pvt. ltd.
  • Contec Medical Systems Co.Ltd
  • DRE inc.
  • GE Healthcare
  • Hill-Rom Holdings, Inc.
  • Koninklijke Philips NV
  • Masimo Corporation, Mediaid, Inc.
  • Medtronic plc.
  • Nihon Kohden Corporation
  • Nonin Medical Inc.
  • Omron Health
  • Smiths Group plc.
  • SunTech Medical, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/m7lydv

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KEYWORD:

SECTOR KEYWORD: HEALTHCARE MEDICAL DEVICES

SOURCE: Research and Markets

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PUBLISHED: 08/23/2022 12:51 PM / DISK: 08/23/2022 12:51 PM

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