The Infinium Global Research analyzes the Vital Signs Monitoring Devices Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global vital signs monitoring devices market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of vital signs monitoring devices. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the vital signs monitoring devices market during the period.
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A patient’s health can be determined by checking his/her vital signs. The devices used to measure the vital signs have evolved from individual devices that measure heart rate, blood pressure, body temperature, and respiratory rate to an all-in-one device that can measure all the vital signs together. Advancements in technology have added features that can measure extra vital signs such as urinary continence, pain, gait speed, end-tidal carbon dioxide and shortness of breath that can provide healthcare professionals with more patient data, which can be helpful to treat or diagnose the patient in a better way.
Rise in Geriatric Population is the Major Factor Driving the Growth of the Vital Signs Monitoring Devices Market
The rise in geriatric population is the major factor driving the growth of the vital signs monitoring devices market. Moreover, the rise in the prevalence of chronic diseases including cardiac diseases, kidney diseases, and cancers is expected to boost the demand for vital signs monitoring devices, as the devices are required during and after the treatment of such chronic diseases. Furthermore, the growing preference for home monitoring is projected to push the growth of global vital signs monitoring devices market. However, lack of awareness regarding the devices and powerful competition among key players are some of the major restraining factors for the growth of vital signs monitoring devices market. Additionally, growing research and development activities, rising healthcare expenditure in emerging economies and hands-on monitoring are expected to create opportunities for the key players in the market.
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Vital Signs Monitoring Devices Market: Segmentation
The global vital signs monitoring devices market is segmented by product type and by the end user. The product type of the global vital signs monitoring devices includes body temperature, blood pressure, and pulse oximeters. Among the products, the blood pressure monitoring device held the largest share in the market attributing to the high prevalence of hypertension, growing awareness regarding blood pressure and checking blood pressure as preventive measures. Based on end-user the vital signs monitoring devices market is segmented into hospitals, Ambulatory Surgical Centers and other settings. Out of end-users, the hospital segment dominated the market owing to the increasing burden of patients and greater financing capability for such devices.
North America Dominates the Global Market
By geography, the global vital signs monitoring devices market is divided into the Americas, Europe, Asia-Pacific, and the Rest of the World. Among the regions, North America dominates the global market, accounting for the largest share in the market. The domination attributes to rising in the geriatric population, increasing the occurrence of chronic disorders and growing concern about remote and wireless devices. However, the Asia-Pacific market witnessed the highest rate of growth owing to high unmet needs, growing medical tourism and improving healthcare infrastructure.
Vital Signs Monitoring Devices Market: Competitive Analysis
The global vital signs monitoring devices market is highly competitive with the major players commanding the market and high difficulty for the new player to enter the market. the key players in the global vital signs monitoring devices market include, Masimo Corporation, Mindray, A&D Medical, Contec Medical Systems, Covidien PLC, GE Healthcare, Omron Healthcare, INC, Philips Healthcare, Hicks Thermometers (India) Limited, , Nihon Kohden, Nonin Medical, Spacelabs Healthcare, INC, Suntech Medical, INC, Welch Allyn INC. and others.
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