Vital Signs Monitoring (VSM) Market Analysis up to 2023 | by Top Industry players - Medtronic, Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, etc
The Vital Signs Monitoring Market is expected to have accounted for the market value of USD 4.4 billion in 2017 and is projected to grow at a CAGR of 7.5% over the assessment period. Vital signs monitors are used to measure the important parameters of human health such as body temperature, pulse rate, respiratory rate, and blood pressure.
The measurement of vital signs helps to detect and monitor medical problems. These signs can be measured in medical settings, home, or at the site of medical emergency. The growing prevalence of respiratory diseases, rising demand for portable monitoring devices and changing lifestyle is anticipated to boost the growth of the market during the assessment period.
According to a report published by the Government of Canada in 2018, 3.8 million people in Canada are suffering from chronic obstructive pulmonary diseases (COPD). On the other hand, high cost of devices and stringent government regulations may hinder the market growth during the forecast period. Currently, the global market is dominated by numerous prominent players. The key players in the market are engaged in new product launches, strategic collaborations and acquisitions to strengthen their market position.
For instance, in May 2017, Masimo signed a partnership agreement with Midmark Corporation. With this partnership, the Masimo SET pulse oximetry technology has become an available option with the Midmark IQvital Zone.
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Some of the prominent players in the global vital signs monitoring market are Medtronic, Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, Boston Scientific Corporation, Natus Medical Incorporated, Siemens Healthcare Private Limited, Spacelabs Healthcare, Masimo, Mindray DS USA, Inc., SunTech Medical, Inc., Welch Allyn, Omron Healthcare, Inc., Smiths Medical, Hicks Thermometers India Limited, CASMED and Others.
The global vital signs monitoring market has been segmented into product, type, portability, end-user and distribution channel.
Geographically, the Americas is expected to dominate the global market owing to the rising prevalence of high blood pressure, increasing geriatric population and dynamically changing lifestyle. According to a report published by the Center for Disease Control and Prevention in November 2016, 1 of 3 adults in the US suffer from high blood pressure.
Europe is expected to hold the second largest position in the global market owing to the rising demand for home healthcare vital signs monitoring devices and changing demographics.
Asia-Pacific is expected to be the fastest growing market owing to the rising demand for vital signs monitoring devices and in the hospitals as well as for home healthcare. Moreover, the Middle East and Africa region is expected to account for the least market share in the global market.
Middle East and Africa is expected to slowly grow owing to rising prevalence of chronic diseases and developing healthcare infrastructure.
TOC of Vital Signs Monitoring Market Research Report - Global Forecast till 2023:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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