Global Vital Signs Monitoring Equipment Market Likely to Emerge over a Period of

Posted by Rashi Pande on December 26th, 2019

Global Vital Signs Monitoring Equipment Market By Product (BP monitoring devices, Pulse-oximeters, Temperature monitoring devices), Type (Non- integrated system, Integrated system, others), Portability (Portable, Standalone), End-User (Hospitals, Ambulatory, Home healthcare, Clinics, Others), Distribution Channel (Hospital pharmacy, Pharmacy store, Online websites, others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis : Global Vital Signs Monitoring Equipment Market

The Global Vital Signs Monitoring Equipment Market is expected to rise from its initial estimated value of USD 4,412.1 million in 2018 to an estimated value of USD 7,085.4 million by 2026 registering a CAGR of 6.1% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population over the world and growing demand of non-contact thermometers.

Market Definition : Global Vital Signs Monitoring Equipment Market

Vital signs are the symptoms of body’s basic function. The vital signs monitoring devices are used to measure the physical health in humans such as body temperature, pulse rate, respiratory rate, and blood pressure. The measurement of vital signs helps in detecting or monitoring medical problems, and can be measured in a medical setting, home, or at the site of medical emergency. It also involves various other additional signs such as pain, urinary continence, gait speed, shortness of breath, end-tidal carbon-dioxide.

Market Drivers

• Rapidly changing lifestyle and rising incidence of chronic diseases has increased the market growth
• Increasing occurrence of hypertension will act as a major market driver

Market Restraints

• Pricing pressure of devices is acting as a major restraint for the market
• Strict regulatory process is also hampering the market

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Segmentation : Global Vital Signs Monitoring Equipment Market

• By Product
  • BP monitoring devices
    • Aneroid BP monitors
    • Automated BP monitors
    • Ambulatory BP Monitors
    • BP monitor device accessories
  • Pulse-oximeters
    • Tabletop/bedside pulse-oximeters
    • Fingertip
    • Handheld
    • Wrist worn
    • Pediatric pulse-oximeters
    • Pulse oximeter device accessories
  • Temperature monitoring devices
    • Mercury-filled thermometers
    • Digital thermometers
    • Infrared thermometers
    • Temperature strips
    • Temperature Monitoring Device Accessories
• By Type
  • Non- integrated system
  • Integrated system
    • 3 in 1 vital signs monitoring
    • 4 in 1 vital signs monitoring
  • Others
• By Portability
  • Portable
  • Standalone
• By End User
  • Hospitals
  • Ambulatory
  • Home healthcare
  • Clinics
  • Others
• By Distribution Channel
  • Hospital pharmacy
  • Pharmacy store
  • Online websites
  • Others
• By Geography
  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

• In May, 2018, Caretaker Medical completed the investment of USD 3.4 million for expanding its sales of wireless device of continuous blood pressure and vital signs monitor.
• In May, 2017, OBS Medical and Caretaker Medical partnered with each other for adding Vital Signs and Wireless CNIBP to predictive patient monitoring platform.

Competitive Analysis : Global Vital Signs Monitoring Equipment Market

The global vital signs monitoring equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vital signs monitoring equipment market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors : Global Vital Signs Monitoring Equipment Market

Few of the major market competitors currently working in the vital signs monitoring equipment market are Koninklijke Philips N.V., Medtronic, Caretaker Medical LLC, Masimo, Drägerwerk AG & Co. KGaA, Hill-Rom Services Inc., Smiths Group plc, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Nihon Kohden Corporation, General Electric Company, Omron Healthcare, Inc., A&D Company, Limited, Boston Scientific Corporation, CASMED, Halma plc, Nonin, OSI Systems, Inc., HICKS, Contec Medical Systems Co. Ltd, Spacelabs Healthcare and Briggs Healthcare.