Vital Signs Monitoring Devices Market Size to Hit $7.8 Billion at 6.6% CAGR

Rise in importance of vital signs monitoring devices in home care settings and improved reimbursement scenario in developed countries drive growth of the global vital signs monitoring devices market. However, lack of awareness about these devices in low- and middle-income countries hamper the market growth


Portland, OR, April 15, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the Vital Signs Monitoring Devices Market size generated $4.65 billion in 2018, and are estimated to reach $7.81 billion by 2026, registering a CAGR of 6.6% from 2019 to 2026. The report offers an extensive analysis of changing market trends, top winning strategies, business performance, major players’ profile, and competitive heat map.

Vital signs devices monitoring deals with measurement of vital parameters, such as respiratory rate, blood pressure, temperature, and pulse to assess health conditions of a patient. These devices are used to monitor patient’s status prior to or during patient care. Vital signs can be measured in a medical setting, at home, or at the site of medical emergency.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/527

Technological developments, demand for portable monitoring device, and surge in incidence of diseases drive the growth of the global vital signs monitoring devices market. However, lack of awareness in emerging economies hinders the market growth. On the other hand, availability of proactive monitoring and rise in expenditure on personal healthcare create new opportunities in the coming years.

Covid-19 scenario:

  • The demand for vital signs monitoring devices has been increased due to the rise in number of patients affected by Covid-19.
  • Moreover, decline in working hours in factories and restrictions on supply chain led to the shortage of medical equipment in the market.

Blood pressure monitoring devices segment dominated the market:-

By product, the blood pressure monitoring devices segment held the largest share in 2018, accounting for half of the global vital signs monitoring devices market. This is due to increase in incidence of cardiovascular diseases such as hypertension, lurking risk of high BP in geriatric population, and expanding base of lifestyle diseases including obesity and diabetes. However, the pulse oximetry devices segment to manifest the highest CAGR of 7.1% during the forecast period, owing to increase in geriatric population and latest upgrades in smart pulse oximeter.

Home environment segment to manifest highest CAGR through 2026:-

By end user, the ambulatory surgical centers segment is anticipated to portray the highest CAGR of 7.7% during the study period, as they minimize the duration of hospital stay for patients, thus reducing the overall cost of treatment. However, the ambulatory surgical centers segment held the largest share in 2018, accounting for more than half of the global vital signs monitoring devices market, owing to as these devices facilitate early detection of a patient's deteriorating health condition.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/527

North America held the largest share:-

By region, the market across North America dominated in 2018, contributing to nearly two-fifths of the revenue, due to increase in incidence of lifestyle diseases such as diabetes or hypertension, infectious, and respiratory diseases. However, the global vital signs monitoring devices market across Asia-Pacific is anticipated to register the highest CAGR 8.1% during the forecast period, owing to increase in incidence of infectious diseases such as malaria and typhoid and se in geriatric population and increase in demand for vital signs monitoring devices for home care settings.

Major market players:-

Leading market players analyzed in the research include Halma plc (SunTech Medical, Inc.), Omron Corporation, Hill-Rom Holdings, Inc., General Electric Company, Nonin Medical, Inc., Nihon Kohden Corporation, Masimo Corporation, A&D Company, Limited, Medtronic plc, Koninklijke Philips N.V., Contec Medical System Co., Ltd, and Smiths Group plc.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Flow Cytometry Market: Global Opportunity Analysis and Industry Forecast, 2019–2027

Point of Care Diagnostics Market: Global Opportunity Analysis and Industry Forecast, 2019–2027

Contraceptives Market: Global Opportunity Analysis and Industry Forecast, 2019–2027

In Vitro Toxicity Testing Market: Global Opportunity Analysis and Industry Forecast, 2019–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

 

Coordonnées