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Vital Signs Monitoring Market - Forecast(2024 - 2030)
Vital Signs Monitoring Market Overview:
The Vital Signs Monitoring Market size is estimated to reach $10309.45 million by 2030, growing at a CAGR of 7.3% during the forecast period 2024-2030. Approximately 200,000 in-hospital cardiac arrests amongst adults occur annually in the U.S.[1] This has rendered the hospital staff with complete reliance on early identification of risks with the help of vital signs monitoring and visual assessment. This has provided noticeable impetus to the vital signs monitoring market, which continuously gains considerable demand from hospitals worldwide. Though consumers can now buy wearable devices, which serve as vital signs monitoring apparatus, but hospitals and clinics will remain the primary end-users for this market. This application segment is evaluated to attain to grow with a CAGR of 7.3% during the forecast period of 2024-2030.
The vital signs monitoring market will grow due to rise of health awareness and chronic illnesses. In 2023, the global market size stood at $6295.61 million, which is expected to grow at a CAGR of 7.3%.
Vital Signs Monitoring Market Outlook:
North America has been making consistent developments in vital signs monitoring market. NCBI in accordance with the U.S. government and National Institutes of Health has conducted and published multiple studies on the direction of this market and how most importantly wearables have become the most prevalent sources of vital signs monitoring. North America led the global vital signs monitoring market with a regional share of 37% in 2018.
Vital Signs Monitoring Market Growth Drivers:
· Increase in Mortality Rate
According to NCBI, an increase in mortality rate is associated with delay in diagnosis of early signs of patient deterioration. Consistent and timely measurement of patients’ vital signs is imperative for clinically assessing their health.
· Rising Health Awareness
Consumers are becoming increasingly aware of maintaining their lifestyles to evade health issues. Monitoring vital signs is an important component of this strategy as regular records of these signs will help a person in assessing issues with their health.
Vital Signs Monitoring Market Challenges:
A prominent challenge faced by key market players of this market is technical failures in systems. Companies are trying to combat this challenge by making use of testing and measurement practices coupled with digital twin technology in order to avoid failures.
Vital Signs Monitoring Market Key Players Perspective:
The vital signs monitoring market has attained noticeable growth due to contributions made by key market players. Some of these companies are A&D Medical, Description Koninklijke Philips N.V., Medtronic plc, Contec Medical Systems, Covidien, GE Healthcare, Masimo, Mindray Medical International Limited, Nihon Kohden Corporation and Boston Scientific Corporation.
Boston Scientific Corporation has developed a vital signs monitoring system which makes use of wireless technology and is called LATITUDE Wireless Communicator. This utilizes a platform built by the same company which collects data from the communicator and provides the patients with clinical enhancement.
Vital Signs Monitoring Market Trends:
· Wireless Vital Signs Monitoring System
Researchers at University of Connecticut, Department of Biomedical Engineering have recently made possible a vital signs monitoring system that is completely wireless while being inexpensive at the same time. The device makes use of biosensors for procuring patient information such as heart rate, blood pressure, weight, and others. These details are collected through Bluetooth and sent to a computer device for maintaining patient health record.
Vital Signs Monitoring Market Research Scope
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the vital signs monitoring market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
Vital Signs Monitoring Market Report: Industry Coverage
The vital signs monitoring market can be segmented on the basis of product type into blood pressure monitoring device, pulse oximeters device, temperature monitoring device, and others.
The vital signs monitoring market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia
Reference:
[1] https://www.ncbi.nlm.nih.gov/
List of Tables:
Table 1: Vital Signs Monitoring Market Overview 2023-2030
Table 2: Vital Signs Monitoring Market Leader Analysis 2023-2030 (US$)
Table 3: Vital Signs Monitoring Market Product Analysis 2023-2030 (US$)
Table 4: Vital Signs Monitoring Market End User Analysis 2023-2030 (US$)
Table 5: Vital Signs Monitoring Market Patent Analysis 2013-2023* (US$)
Table 6: Vital Signs Monitoring Market Financial Analysis 2023-2030 (US$)
Table 7: Vital Signs Monitoring Market Driver Analysis 2023-2030 (US$)
Table 8: Vital Signs Monitoring Market Challenges Analysis 2023-2030 (US$)
Table 9: Vital Signs Monitoring Market Constraint Analysis 2023-2030 (US$)
Table 10: Vital Signs Monitoring Market Supplier Bargaining Power Analysis 2023-2030 (US$)
Table 11: Vital Signs Monitoring Market Buyer Bargaining Power Analysis 2023-2030 (US$)
Table 12: Vital Signs Monitoring Market Threat of Substitutes Analysis 2023-2030 (US$)
Table 13: Vital Signs Monitoring Market Threat of New Entrants Analysis 2023-2030 (US$)
Table 14: Vital Signs Monitoring Market Degree of Competition Analysis 2023-2030 (US$)
Table 15: Vital Signs Monitoring Market Value Chain Analysis 2023-2030 (US$)
Table 16: Vital Signs Monitoring Market Pricing Analysis 2023-2030 (US$)
Table 17: Vital Signs Monitoring Market Opportunities Analysis 2023-2030 (US$)
Table 18: Vital Signs Monitoring Market Product Life Cycle Analysis 2023-2030 (US$)
Table 19: Vital Signs Monitoring Market Supplier Analysis 2023-2030 (US$)
Table 20: Vital Signs Monitoring Market Distributor Analysis 2023-2030 (US$)
Table 21: Vital Signs Monitoring Market Trend Analysis 2023-2030 (US$)
Table 22: Vital Signs Monitoring Market Size 2023 (US$)
Table 23: Vital Signs Monitoring Market Forecast Analysis 2023-2030 (US$)
Table 24: Vital Signs Monitoring Market Sales Forecast Analysis 2023-2030 (Units)
Table 25: Vital Signs Monitoring Market, Revenue & Volume, By Product Type, 2023-2030 ($)
Table 26: Vital Signs Monitoring Market By Product Type, Revenue & Volume, By Blood Pressure Monitoring Device, 2023-2030 ($)
Table 27: Vital Signs Monitoring Market By Product Type, Revenue & Volume, By Pulse-Oximeters Devices, 2023-2030 ($)
Table 28: Vital Signs Monitoring Market By Product Type, Revenue & Volume, By Temperature Monitoring Device, 2023-2030 ($)
Table 29: North America Vital Signs Monitoring Market, Revenue & Volume, By Product Type, 2023-2030 ($)
Table 30: South america Vital Signs Monitoring Market, Revenue & Volume, By Product Type, 2023-2030 ($)
Table 31: Europe Vital Signs Monitoring Market, Revenue & Volume, By Product Type, 2023-2030 ($)
Table 32: APAC Vital Signs Monitoring Market, Revenue & Volume, By Product Type, 2023-2030 ($)
Table 33: Middle East & Africa Vital Signs Monitoring Market, Revenue & Volume, By Product Type, 2023-2030 ($)
Table 34: Russia Vital Signs Monitoring Market, Revenue & Volume, By Product Type, 2023-2030 ($)
Table 35: Israel Vital Signs Monitoring Market, Revenue & Volume, By Product Type, 2023-2030 ($)
Table 36: Top Companies 2023 (US$) Vital Signs Monitoring Market, Revenue & Volume
Table 37: Product Launch 2023-2030 Vital Signs Monitoring Market, Revenue & Volume
Table 38: Mergers & Acquistions 2023-2030 Vital Signs Monitoring Market, Revenue & Volume
List of Figures:
Figure 1: Overview of Vital Signs Monitoring Market 2023-2030
Figure 2: Market Share Analysis for Vital Signs Monitoring Market 2023 (US$)
Figure 3: Product Comparison in Vital Signs Monitoring Market 2023-2030 (US$)
Figure 4: End User Profile for Vital Signs Monitoring Market 2023-2030 (US$)
Figure 5: Patent Application and Grant in Vital Signs Monitoring Market 2013-2023* (US$)
Figure 6: Top 5 Companies Financial Analysis in Vital Signs Monitoring Market 2023-2030 (US$)
Figure 7: Market Entry Strategy in Vital Signs Monitoring Market 2023-2030
Figure 8: Ecosystem Analysis in Vital Signs Monitoring Market 2023
Figure 9: Average Selling Price in Vital Signs Monitoring Market 2023-2030
Figure 10: Top Opportunites in Vital Signs Monitoring Market 2023-2030
Figure 11: Market Life Cycle Analysis in Vital Signs Monitoring Market
Figure 12: GlobalBy Product Type Vital Signs Monitoring Market Revenue, 2023-2030 ($)
Figure 13: Global Vital Signs Monitoring Market - By Geography
Figure 14: Global Vital Signs Monitoring Market Value & Volume, By Geography, 2023-2030 ($)
Figure 15: Global Vital Signs Monitoring Market CAGR, By Geography, 2023-2030 (%)
Figure 16: North America Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 17: US Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 18: US GDP and Population, 2023-2030 ($)
Figure 19: US GDP – Composition of 2023, By Sector of Origin
Figure 20: US Export and Import Value & Volume, 2023-2030 ($)
Figure 21: Canada Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 22: Canada GDP and Population, 2023-2030 ($)
Figure 23: Canada GDP – Composition of 2023, By Sector of Origin
Figure 24: Canada Export and Import Value & Volume, 2023-2030 ($)
Figure 25: Mexico Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 26: Mexico GDP and Population, 2023-2030 ($)
Figure 27: Mexico GDP – Composition of 2023, By Sector of Origin
Figure 28: Mexico Export and Import Value & Volume, 2023-2030 ($)
Figure 29: South America Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 30: Brazil Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 31: Brazil GDP and Population, 2023-2030 ($)
Figure 32: Brazil GDP – Composition of 2023, By Sector of Origin
Figure 33: Brazil Export and Import Value & Volume, 2023-2030 ($)
Figure 34: Venezuela Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 35: Venezuela GDP and Population, 2023-2030 ($)
Figure 36: Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 37: Venezuela Export and Import Value & Volume, 2023-2030 ($)
Figure 38: Argentina Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 39: Argentina GDP and Population, 2023-2030 ($)
Figure 40: Argentina GDP – Composition of 2023, By Sector of Origin
Figure 41: Argentina Export and Import Value & Volume, 2023-2030 ($)
Figure 42: Ecuador Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 43: Ecuador GDP and Population, 2023-2030 ($)
Figure 44: Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 45: Ecuador Export and Import Value & Volume, 2023-2030 ($)
Figure 46: Peru Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 47: Peru GDP and Population, 2023-2030 ($)
Figure 48: Peru GDP – Composition of 2023, By Sector of Origin
Figure 49: Peru Export and Import Value & Volume, 2023-2030 ($)
Figure 50: Colombia Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 51: Colombia GDP and Population, 2023-2030 ($)
Figure 52: Colombia GDP – Composition of 2023, By Sector of Origin
Figure 53: Colombia Export and Import Value & Volume, 2023-2030 ($)
Figure 54: Costa Rica Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 55: Costa Rica GDP and Population, 2023-2030 ($)
Figure 56: Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 57: Costa Rica Export and Import Value & Volume, 2023-2030 ($)
Figure 58: Europe Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 59: U.K Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 60: U.K GDP and Population, 2023-2030 ($)
Figure 61: U.K GDP – Composition of 2023, By Sector of Origin
Figure 62: U.K Export and Import Value & Volume, 2023-2030 ($)
Figure 63: Germany Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 64: Germany GDP and Population, 2023-2030 ($)
Figure 65: Germany GDP – Composition of 2023, By Sector of Origin
Figure 66: Germany Export and Import Value & Volume, 2023-2030 ($)
Figure 67: Italy Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 68: Italy GDP and Population, 2023-2030 ($)
Figure 69: Italy GDP – Composition of 2023, By Sector of Origin
Figure 70: Italy Export and Import Value & Volume, 2023-2030 ($)
Figure 71: France Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 72: France GDP and Population, 2023-2030 ($)
Figure 73: France GDP – Composition of 2023, By Sector of Origin
Figure 74: France Export and Import Value & Volume, 2023-2030 ($)
Figure 75: Netherlands Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 76: Netherlands GDP and Population, 2023-2030 ($)
Figure 77: Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 78: Netherlands Export and Import Value & Volume, 2023-2030 ($)
Figure 79: Belgium Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 80: Belgium GDP and Population, 2023-2030 ($)
Figure 81: Belgium GDP – Composition of 2023, By Sector of Origin
Figure 82: Belgium Export and Import Value & Volume, 2023-2030 ($)
Figure 83: Spain Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 84: Spain GDP and Population, 2023-2030 ($)
Figure 85: Spain GDP – Composition of 2023, By Sector of Origin
Figure 86: Spain Export and Import Value & Volume, 2023-2030 ($)
Figure 87: Denmark Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 88: Denmark GDP and Population, 2023-2030 ($)
Figure 89: Denmark GDP – Composition of 2023, By Sector of Origin
Figure 90: Denmark Export and Import Value & Volume, 2023-2030 ($)
Figure 91: APAC Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 92: China Vital Signs Monitoring Market Value & Volume, 2023-2030
Figure 93: China GDP and Population, 2023-2030 ($)
Figure 94: China GDP – Composition of 2023, By Sector of Origin
Figure 95: China Export and Import Value & Volume, 2023-2030 ($) Vital Signs Monitoring Market China Export and Import Value & Volume, 2023-2030 ($)
Figure 96: Australia Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 97: Australia GDP and Population, 2023-2030 ($)
Figure 98: Australia GDP – Composition of 2023, By Sector of Origin
Figure 99: Australia Export and Import Value & Volume, 2023-2030 ($)
Figure 100: South Korea Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 101: South Korea GDP and Population, 2023-2030 ($)
Figure 102: South Korea GDP – Composition of 2023, By Sector of Origin
Figure 103: South Korea Export and Import Value & Volume, 2023-2030 ($)
Figure 104: India Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 105: India GDP and Population, 2023-2030 ($)
Figure 106: India GDP – Composition of 2023, By Sector of Origin
Figure 107: India Export and Import Value & Volume, 2023-2030 ($)
Figure 108: Taiwan Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 109: Taiwan GDP and Population, 2023-2030 ($)
Figure 110: Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 111: Taiwan Export and Import Value & Volume, 2023-2030 ($)
Figure 112: Malaysia Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 113: Malaysia GDP and Population, 2023-2030 ($)
Figure 114: Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 115: Malaysia Export and Import Value & Volume, 2023-2030 ($)
Figure 116: Hong Kong Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 117: Hong Kong GDP and Population, 2023-2030 ($)
Figure 118: Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 119: Hong Kong Export and Import Value & Volume, 2023-2030 ($)
Figure 120: Middle East & Africa Vital Signs Monitoring Market Middle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 121: Russia Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 122: Russia GDP and Population, 2023-2030 ($)
Figure 123: Russia GDP – Composition of 2023, By Sector of Origin
Figure 124: Russia Export and Import Value & Volume, 2023-2030 ($)
Figure 125: Israel Vital Signs Monitoring Market Value & Volume, 2023-2030 ($)
Figure 126: Israel GDP and Population, 2023-2030 ($)
Figure 127: Israel GDP – Composition of 2023, By Sector of Origin
Figure 128: Israel Export and Import Value & Volume, 2023-2030 ($)
Figure 129: Entropy Share, By Strategies, 2023-2030* (%) Vital Signs Monitoring Market
Figure 130: Developments, 2023-2030* Vital Signs Monitoring Market
Figure 131: Company 1 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 132: Company 1 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 133: Company 1 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 134: Company 2 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 135: Company 2 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 136: Company 2 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 137: Company 3 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 138: Company 3 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 139: Company 3 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 140: Company 4 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 141: Company 4 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 142: Company 4 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 143: Company 5 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 144: Company 5 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 145: Company 5 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 146: Company 6 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 147: Company 6 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 148: Company 6 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 149: Company 7 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 150: Company 7 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 151: Company 7 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 152: Company 8 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 153: Company 8 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 154: Company 8 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 155: Company 9 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 156: Company 9 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 157: Company 9 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 158: Company 10 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 159: Company 10 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 160: Company 10 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 161: Company 11 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 162: Company 11 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 163: Company 11 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 164: Company 12 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 165: Company 12 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 166: Company 12 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 167: Company 13 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 168: Company 13 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 169: Company 13 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 170: Company 14 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 171: Company 14 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 172: Company 14 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 173: Company 15 Vital Signs Monitoring Market Net Revenue, By Years, 2023-2030* ($)
Figure 174: Company 15 Vital Signs Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 175: Company 15 Vital Signs Monitoring Market Net Sales Share, By Geography, 2023 (%)