Rise in ambulatory surgery centers in
various countries, growing need for portable monitoring devices and cost-effective
processes, and increase in the
frequency of hospital admissions are the major factors influencing the market
growth, according to the findings of a business intelligence study from IndustryARC. The report evaluates that the global vital signs
monitoring market valuation touched $4,426.28 million in 2018, and the demand will grow at a compound annual growth rate (CAGR) of 6.28% during the
forecast period of 2019 to 2025.
The IndustryARC’s latest business
intelligence report, titled “Vital Signs Monitoring Market: By Product Type
(Blood Pressure Monitoring Device, Pulse-Oximeters Devices, Temperature
Monitoring Device) & By region – Forecast (2019 - 2025),” incorporates that
characteristics such as rise in inclination towards home monitoring, increase
in geriatric population, and spur in
the chronic disease incidence rates such as pre-existing health conditions COPD
are the key driving growth factors for the vital signs monitoring market. Additionally,
examining the health parameters simultaneously helps in diminishing the risks
the patient is subjected to during and after the medical treatment process.
Vital Signs Monitoring Market:
Leading Segments
Regionally,
North America dominates the global vital signs monitoring market with the largest
share of 37.00% in 2018, due to superior healthcare infrastructure facilities, presence
of the key industry players, awareness among citizens, and higher spending. According to
the Centers for Disease Control and Prevention[1],
every 1 in 3 that is about 75 million American adults currently has high blood
pressure and prehypertension. Thus, in North America, recording of blood pressure
and continuous monitoring is crucial for curtailing the chance of any risk or
disease. Furthermore, owing to altering lifestyle and demographics, growing
need for home health patient monitoring devices are increasing respectively.
On the contrary,
the key application segments cited by the IndustryARC’s analyst are hospitals
and clinics- end-user as it holds maximum growth opportunities for the vital
signs monitoring market. These play an important role in detecting the patients’
clinical condition and monitoring blood pressure, respiration rate, and pulse
rate. However, the anticipated opportunities for growth in this application is
estimated to grow at a (CAGR) of 7.33% during the aforementioned forecast
period.
Vital Signs Monitoring Market:
Market Trends and Growth Drivers
· Medical tourism, growing geriatric population and
rapid change in the lifestyle of the people is fueling up the vital signs monitoring
market immensely. Such examination provides the most relevant data about the
patients’ health status.
· A sensor-laden Wireless Vital Signs Monitor (WVSM)
tracks health information such as blood pressure, pulse rate, and heart rate.
It is a high-tech, portable health monitor that was used to treat only the warfighter
but nowadays, used for treating the civilians.
· In 2017, Imperial College Healthcare NHS Trust had
introduced vital sign monitoring devices that, however, saved 5,800 hours of
nursing time. Due to this, the staffs are able to save more time and are now
alerted more quickly to the patients that require immediate attention[2].
· Multi-parameter monitoring devices are now in trend
in the medical devices and healthcare sector. They are used in hospital
neonatal, alternate care facilities, and pediatric unit to respond efficiently,
quickly, and accurately to understand the patients’ vital signs to prevent
future complications.
Vital Signs Monitoring Market:
Competitive Landscape
Some of the key companies identified in
the report that are currently holding majority shares in the global vital signs
monitoring market are Medtronic plc, Contec Medical Systems, Covidien, Nihon
Kohden Corporation and Boston Scientific Corporation GE Healthcare,
Masimo, Mindray Medical International Limited, A&D Medical, and DescriptionKoninklijke
Philips N.V.
Talk to one of our sales representative
about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=16406
Related
Reports:
Vital
Signs Monitoring Devices Market
https://www.industryarc.com/Research/Vital-Signs-Monitoring-Devices-Market-Research-503987
Pediatric
Monitoring Market
https://www.industryarc.com/Report/18937/pediatric-monitoring-market
Wireless Health Monitoring Market
https://www.industryarc.com/Report/18671/wireless-health-monitoring-market.html
What can you expect from the
report?
The vital
signs monitoring market is prepared with the main agenda to cover the
following 20 points:
1. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide
customized reports and charge additionally for limited customization?
Response: Yes, we can
customize the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1. Increase the level of data in
application or end user industry.
2. Increase the number of countries in
geography chapter.
3. Find out market shares for other smaller
companies or companies which are of interest to you.
4. Company profiles can be requested
based on your interest.
5. Patent analysis, pricing, product
analysis, product benchmarking, value and supply chain analysis can be
requested for a country or end use segment.
Any other custom requirements can be
discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
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details in the below link:
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About IndustryARC: IndustryARC is
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and Beverages, Information Technology, and Life sciences and Healthcare.
[1]https://www.cdc.gov/dhdsp/data_statistics/fact_sheets/fs_bloodpressure.htm
[2]https://www.buildingbetterhealthcare.co.uk/news/article_page/Vital_signs_technology_saves_nurses_thousands_of_hours/135981