Vital Signs Monitoring Devices Market Overview:
Vital signs 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 detect or monitor medical problems, and can be measured in a medical setting, home, or at the site of medical emergency.
Hypertension, a serious chronic disease, is one of the leading causes of death. As per the Centers for Disease Control and Prevention, about 70 million American adults suffer from high blood pressure, of which the conditions of only 52% of the people with high blood pressure are under control. Thus, continuous monitoring and recording of blood pressure is crucial for curtailing the chances of cardiovascular diseases and risk factors. Therefore, increase in prevalence of hypertension and other cardiovascular diseases is expected to impact the demand for blood pressure monitoring devices for the treatment of high blood pressure.
Asia-Pacific possesses high market potential for blood pressure monitoring devices, owing to the rise in incidence of hypertension, increase in healthcare expenditure, and better focus on the development of cost-effective blood pressure monitoring devices. As per “Australian heart disease statistics 2014,” one in five Australians have high blood pressure, and the prevalence rate being higher in men than women. Moreover, as projected by the Australian Bureau of Statistics, the geriatric population will increase three-folds from 2.8 million in 2007 to 7.5 million by 2050, thereby increasing the risk of aged people to develop cardiovascular disorder. According to CADI (Coronary Artery Disease among Asian Indians) Research, the situation is more critical in India, where the number of people with hypertension is projected to increase from 118 million in 2000 to 214 million in 2025. Therefore, the aforementioned factors will upsurge the demand for blood pressure monitoring devices in the region.
The key companies operating in the vital signs monitoring devices market are Welch Allyn (a subsidiary of Hill-Rom Holdings, Inc.), SunTech Medical, Inc. (a subsidiary of Halma plc), Nonin Medical Inc., Omron Corporation, Masimo Corporation, General Electric Company, Medtronic plc, Nihon Kohden Corporation, Koninklijke Philips N.V., A&D Company, Limited, Contec Medical Systems Co., Ltd. and Smiths Group plc.
The other players operating in the market include Spacelabs Healthcare, Inc., Mindray Medical International Limited, CAS Medical Systems, Inc., Dragerwerk AG & Co. KGa and Briggs Healthcare.
Vital Signs Monitoring Devices Market Key Benefits
- The study provides an in-depth analysis of the global vital signs monitoring devices market, with current trends and future estimations, to elucidate the imminent investment pockets.
- Quantitative analysis from 2014 to 2022 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- The report provides actual historical figures for 2014 and Year-on-Year forecasts from 2016 to 2022, considering 2015 as base.
- Competitive intelligence highlights the business practices followed by leading players across various regions.
- Comprehensive analysis of all geographic regions is provided to determine the prevailing opportunities in these geographies.
- Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the vital signs monitoring industry.
Vital Signs Monitoring Devices Market Key Segments
- Blood Pressure Monitoring Device
- Aneroid BP Monitors
- Digital BP Monitors
- Ambulatory BP Monitors
- Blood Pressure Instrument Accessories
- Pulse Oximeters
- Table-top/Bedside Pulse Oximeters
- Fingertip Pulse Oximeters
- Hand-held Pulse Oximeters
- Wrist-worn Pulse Oximeters
- Pediatric Pulse Oximeters
- Temperature Monitoring Device
- Digital Thermometers
- Infrared Thermometers
- Temperature Strips
By End User
- Hospitals & Clinics
- Ambulatory Surgery Centers (ASCs)
- Home Care Settings
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Republic of South Africa
- Rest of LAMEA