According to Arizton, “U.S. vital signs monitoring devices market – industry outlook & forecast 2023-2028” is a comprehensive source of information covering every aspect of the US vital signs monitoring devices market. The research shows that the market is expected to grow at a CAGR of over 7.62% during 2022-2028.
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Market Overview:
Vendors are leveraging innovative technology platforms to develop vital signs monitoring devices with advanced features. Vendors are strategically focusing on developing and commercial launches of their standalone or integrated vital signs monitors for patients’ vital signs. New product approvals/launches coupled with R&D activities assist vendors in expanding their presence, enhancing market growth, and sustaining their market position in the vital signs monitoring devices market.
Recent technological advances include incorporating remote patient monitoring features in vital signs monitors to enable patient monitoring by care providers for distant and remote areas. This feature has grabbed the attention of various care providers and is boosting the demand for vital signs monitors. Remote monitoring of patients targets several sub-groups, such as patients diagnosed with chronic illnesses, mobility issues, and other disabilities, post-surgery patients, neonates, and elderly patients. Also, RPM plays a vital role among the elderly patient population as it keeps them engaged in their daily activities without the support of any caretaker.
U.S. Vital Signs Monitoring Devices Market Report Scope
| Report Scope | Details |
| Market Size (2028) | USD 11.21 Billion |
| Market Size (2022) | USD 7.21 Billion |
| CAGR (2022-2028) | 7.62% |
| Base Year | 2022 |
| Forecast Year | 2023-2028 |
| Market Segments | Product, Patient Group, Application, and End-user |
| Geographical Analysis | United States |
| Market Dynamics |
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Market Trends & Drivers
Increasing Demand for Wireless Patient Monitoring at Home:
Home patient monitoring is an emerging trend gaining widespread popularity, with patients receiving high-quality care at home. Home healthcare has consistently been recognized as a life-saving option for patients requiring long-term care to treat chronic diseases. Hence, over the past few years, home patient monitoring has become a standard healthcare practice for adult patients requiring a long-term alternative to in-patient hospitalization. Moreover, the worldwide increase in the geriatric and chronic disease population has increased the demand for home patient monitoring.
It is predicted that 83.4 million patients will be monitored through wireless patient monitoring systems by 2023. About 88% of health systems and hospitals have invested or plan to invest in remote patient monitoring solutions.
Rising Preference for Integrated Vital Signs Monitors:
Portable integrated vital signs monitors are easily carried to the emergency sights and could monitor patients’ vital signs, enabling healthcare professionals to assist and make quick medical treatment decisions.
Portable monitoring devices are widely accepted in healthcare services. This is majorly due to the flexibility of patient assessment with the portable features of integrated systems from hospital care to ambulatory and mobility services. This emergence of technological advances in integrated monitoring devices is used in various applications such as transportation and ambulances, outpatient care, sleep screening applications, ambulatory and gastroenterology departments, and home healthcare. These huge applications are expected to shift the demand in the market owing to the higher potential in transport and ambulatory applications compared to ICU departments.
Key Highlights
- In January 2022, ICU Medical acquired Smiths Medical. The addition of vital care products expanded the business range of ICU Medical with a robust reach.
- In December 2021, Baxter acquired Hillrom, a medical technology leader. Before that, in January 2021, Hillrom acquired Bardy Diagnostics, an innovator in digital health and a leading provider of ambulatory cardiac monitoring technologies.
- In February 2021, Koninklijke Philips completed the acquisition of BioTelemetry. The acquisition of BioTelemetry is a strong fit with Philips’ cardiac care portfolio. The combination results in the business expansion of patient care management solutions for the hospital and homes.
Market Segmentation
The U.S. Vital Signs Monitoring Devices Market Size, Share, & Trends Analysis Report By
- Product: Standalone Vital Sign Monitoring Devices (Heart Rate/Cardiac Monitors, Pulse Oximeters, Blood Pressure Monitors, and Body Temperature Monitors) and Integrated Vital Sign Monitoring Devices
- Patient Group: Geriatric Patient Group, Adult Patient Group, and Pediatric Patient Group
- Application: Chronic Care and Acute Care
- End-user: Hospitals, Homecare Settings & Individuals, Ambulatory Care Settings, and Others
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2028
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