Future Market Insights (FMI) delivers key insights on the global vital signs monitoring devices market in its upcoming report titled “Vital Signs Monitoring Devices Market : Global Industry Analysis and Opportunity Assessment 2015–2025.” The global vital signs monitoring devices market is projected to expand at a healthy CAGR of 9.5% and 9.2% in terms of value and volume between 2015 and 2025.
The global vital signs monitoring devices market is driven by increasing importance of vital signs monitoring devices in home care settings, expanding application of vital signs monitoring devices in the sports industry, and surge in ambulatory surgical centres across various countries.
The global vital signs monitoring devices market is fragmented with easy availability of large number of low quality products acting as a restraint. To counter this, the vital signs monitoring devices manufacturers are raising awareness about their products through various marketing activities. Innovation and technological advancement, especially in the development of software, are opening up a plethora of opportunities for the vital signs monitoring devices market players currently.
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On the basis of product type, the market has been segmented into monitors, temperature measurement devices, blood pressure measurement devices and standalone pulse oximeters. Monitors segment is a high value and low volume segment, and represented nearly 38% share of the global vital signs monitoring devices market in 2014.
This report covers trends driving growth of each segment and respective sub-segments and offers analysis and insights on the potential of the vital signs monitoring devices market in specific regions. North America is expected to dominate the vital signs monitoring devices market, accounting for around 35% share of the overall market by the end of 2015, and is anticipated to remain dominant till the end of 2025. North America and Western Europe collectively account for over 50% share of the total vital signs monitoring devices market currently.
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Key players in the global vital signs monitoring devices market include CAS Medical Systems, Inc., Koninklijke Philips N.V., General Electric Co., Masimo Corporation, Mindray Medical International Limited, Covidien Public Limited, Nihon Kohden Corporation, Smiths Group plc, Dragerwerk AG & Co. KGaA, SunTech Medical, Inc., Welch Allyn, Inc., Spacelabs Healthcare, Inc. and ContecMedical Systems Co., Ltd. Major participants in the market are focused on new product development and approvals while expanding into emerging markets.