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Vital Signs Monitoring Devices Market Is Expected to Reach $5,491 Million, Globally by 2022 with key players SunTech Medical Inc. (a subsidiary of Halma plc), Nonin Medical, Inc., Omron Corporation, Masimo Corporation, General Electric Company, Medtronic

10-08-2018 03:52 PM CET | Health & Medicine

Press release from: Allied Market Research

Vital Signs Monitoring Devices Market Is Expected to Reach

Vital signs monitoring market size was worth $3,694 million in 2015 and is expected to reach $5,491 million by 2022, growing at a CAGR of 5.8% from 2016 to 2022. North America was the leading regional market in global vital signs monitoring devices industry. The blood pressure monitoring devices segment is expected to maintain its lead throughout the forecast period.

Factors such asincrease in geriatric population, growth of inclination towards home monitoring, and rise in incidence rate of chronic diseases, such as cardiovascular disorders and obesity, are expected to drive the growth of the market. Moreover, introduction of innovative and technologically advanced digital blood pressure monitors and finger pulse oximeters is set to further drive the market growth. However, lack of awareness about these devices in low- and middle-income economies hampers the market growth.

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North America generated the highest revenue, accounting forapproximately two-fifth share of the overall vital signs monitoring devices market in 2015, and is expected to maintain this trend throughout the forecast period. This is attributed to the rise in the prevalence of respiratory disorders, growth in awareness among patients regarding cost-effective vital signs monitoring devices, and availability of advanced healthcare facilities in the North American countries.

Key Findings of the Vital Signs Monitoring Devices Market:

• Based on product type, BP monitoring devices segment accounted for more than half of the total market in 2015.

• Digital BP monitors segment accounted for more than one-third share of the BP monitoring devices market; while ambulatory BPmonitorsis expected to grow at the highest CAGR of 7.5% during the forecast period.

• Amongst the pulse oximeters devices, fingertip pulse oximeters are expected to grow at a high rate as they can be easily used in home environments and do not require trained professionalforoperation of the device.

• Digital thermometers accounted formajor chunk of the temperature monitoring devices market in 2015; while infrared thermometers segment is poised to grow at the highest CAGR of 5.7% during the forecast period.

• Asia-Pacific is expected to bethefastest growing region throughout the analysis period, owing to presence of ample growth opportunities in terms of unmet medical needs for the treatment of cardiovascular disorders in this region and high disposable income of the population.

• Germany and France jointly accounted for almost one-third of the European vital signs monitoring devices market in 2015

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Key players in the market:

• 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

Table of content:

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY PLAYERS
1.5. RESEARCH METHODOLOGY

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies

3.2.1.1. Competitive intelligence and strategies of companies

3.2.2. Top investment pockets
3.2.3. Top player positioning

3.3. MARKET DYNAMICS

3.3.1. Drivers

3.3.1.1. Increase in geriatric population
3.3.1.2. Technological advancement
3.3.1.3. Rise in prevalence of diseases
3.3.1.4. Growing demand for portable monitoring devices

3.3.2. Restraints

3.3.2.1. Lack of awareness in developing countries

3.3.3. Opportunities

3.3.3.1. Increase in healthcare expenditure in emerging economies
3.3.3.2. Proactive monitoring

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About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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