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Vital Sign Monitoring Devices will grow at 9.7% CAGR, to be valued at US$ 11,196.7 Million by 2026, Increasing incidence of lifestyle-associated chronic diseases is expected to propel growth of the market

August 25th, 2021 Coherent Market Insights Releases

Global Vital Signs Monitoring Devices Market – Insights

Vital signs monitoring devices play pivotal role in patient monitoring as these devices are used to assess physical functioning of the body. Vital signs monitoring devices are used in emergency rooms, operating rooms, intensive care units, and critical care settings to measure heart rate, respiratory rate, temperature, and blood pressure.

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Global Vital Signs Monitoring Devices Market: Drivers

High prevalence of lifestyle diseases is expected to boost growth of the global vital signs monitoring devices market over the forecast period. For instance, according to American Heart Association’s Heart Disease and Stroke Statistics 2018, around 92.1 million adults in the U.S. are suffering from some form of cardiovascular disease (CVD) or the after-effects of stroke. Moreover, vital signs monitoring devices are available at affordable prices, which is also expected to fuel growth of the market. For instance, the average cost of ECG device is around US$ 1,800 or lower.

Increasing healthcare expenditure is expected to propel growth of the global vital signs monitoring devices market over the forecast period. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5% per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027.

The global vital signs monitoring devices market is estimated to account for US$ 11,196.7 Mn in terms of value by the end of 2027.

Figure 1. Global Vital Signs Monitoring Devices Market Value (US$ Mn), by Region, 2019

Global Vital Signs Monitoring Devices Market: Restraints

Availability of low quality products in emerging regions is expected to hamper growth of the global vital signs monitoring devices market. Moreover, in regions such as Asia Pacific, end users are price-sensitive and prefer affordable low-cost monitors over high-priced counterparts.

Lower adoption of advanced vital signs monitoring devices, especially in emerging economies, is expected to limit growth of the market. The demand for mid acuity monitors, high acuity monitors, and pulse oximeters in tier 2 and tier 3 cities worldwide is low. The demand for fingertip pulse oximeters is high in developed countries for homecare settings. However, the awareness for these devices is low in emerging regions.

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Global Vital Signs Monitoring Devices Market: Opportunities

Increase in awareness regarding the benefits of advanced vital signs monitors in tier 2 and tier 3 cities worldwide is expected to offer lucrative growth opportunities for players in the market.

Moreover, development of tracheal photoplethysmography sensors to overcome the limitations of current pulse oximeters, which is evident by their failure to offer accurate results in situations of reduced periphery perfusion, is also expected to aid in growth of the market.

Market Trends/Key Takeaways

  • North America accounted for the largest market share of 39.6%share in terms of value in global vital signs monitoring devices market in 2019, followed by Europe
  • Hospitals segment in the global vital signs monitoring devices market was valued at US$ 3,016.2 Mn in 2019 and is expected to reach US$ 6,442.3 Mn by 2027 at a CAGR of 9.7% during the forecast period.
  • The market is witnessing development of next-generation smart apparel for monitoring vital signs of the human body. For instance, in December 2019, the Tokyo-based company Xenoma presented outdoor compatible ‘e-skin EMStyle’ whole-body Electrical Muscle Stimulation (EMS) suit at CES 2020

Global Vital Signs Monitoring Devices Market: Competitive Landscape

Major players operating in the global vital signs monitoring devices market include, CAS Medical Systems, Inc., Koninklijke Philips N.V., General Electric Co. (GE), Masimo Corporation, Mindray Medical International Limited, Medtronic, Nihon Kohden Corporation, Smiths Group plc., Dragerwerk AG & Co. KGaA, SunTech Medical, Inc., Welch Allyn, Inc., Spacelabs Healthcare, Inc., Contec Medical Systems Co., Ltd., Iradimed Corporation, and Xenoma.

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Global Vital Signs Monitoring Devices Market: Key Developments

Key players in the market are focused on product approval and launch to expand their product portfolio. For instance, In December 2019, Iradimed Corporation announced completion of the CE Mark renewal process for its MRI compatible patient vital signs monitoring systems. The company resumed shipments of the systems into European Commission markets after the renewal. Similarly, in December 2019, Nihon Kohden Corporation launched of its Life Scope SVM-7200 Series vital signs monitor. It is a portable, easy-to-use monitor with customizable early warning scoring.

Key players in the market are also focused on adopting partnership strategies to enhance their market share. For instance, in January 2020, Spirosure, Inc. signed a five-year agreement with Vyaire Medical, Inc. for distribution of Spirosure’s Fenom Pro Asthma monitor in the U.S., Germany, the Netherlands, and the U.K.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Region Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Technological Advancements
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Epidemiology
  4. Global Vital Signs Monitoring Devices Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Low Acuity Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Mid Acuity Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • High Acuity Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Liquid Filled Thermometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Digital Thermometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Infrared Thermometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Sphygmomanometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Automated Blood Pressure Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Standalone Pulse Oximeters
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Vital Signs Monitoring Devices Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Vital Signs Monitoring Devices Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Company Profiles
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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