Vital Sign Monitoring Devices Market to Worth $33.36 Billion by 2028, More than $13 Billion Opportunities in the Next 6 Years - Arizton

According to Arizton's latest research report, the vital sign monitoring devices market is growing at a CAGR of 8.36% during 2022-2028.

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The vital sign monitoring devices landscape has become more complex and competitive after the COVID-19 outbreak. Although the demand for vital monitors during the pre-pandemic phase was high, the emergence of the COVID-19 pandemic accelerated the adoption of vital signs monitoring devices worldwide. Also, the pandemic contributed to the surge in awareness of these devices, advances in product development, and an increase in the application rate for individual care management. The pandemic overwhelmed the healthcare infrastructure worldwide.

Recent advances in vital sign monitoring devices with the integration of Deep Learning (DL) and Machine Learning (ML) have strengthened the power of imaging techniques to remotely perform many tasks that previously required physical intervention by medical professionals. Also, launching advanced wearable vital signs monitoring devices has positively influenced market growth. The unprecedented expansion of the aging population and the rise in the prevalence of associated chronic conditions have accelerated the demand for healthcare services in hospitals, ambulatory care centers, and other health establishments with a high disease burden. Thus, the rise in the preference for outpatient care settings and remote patient monitoring options has fueled the adoption of vital signs monitoring devices worldwide.

The U.S. vital signs monitoring devices market will reach USD 11.21 billion by 2028, growing at a CAGR of 7.62%.

The U.S. vital signs monitoring devices market is highly competitive and has several major players. The industry is fragmented, with various global, local, and regional manufacturers. Owing to continuous technological advancements and product innovations, mid-sized and emerging vendors are increasing their market presence by introducing new products at competitive prices. Also, the market potential drives several players to expand their share through acquisitions. Many U.S. vital signs monitoring devices market vendors are adopting various strategies to increase their presence in many major markets.

A&D Company, Baxter, CONTEC MEDICAL SYSTEMS, GE Healthcare, ICU Medical, Koninklijke Philips, Masimo, Medtronic, NIHON KOHDEN, Nonin, OMRON, and OSI Systems are some of the significant vendors offering a wide range of both standalone and integrated vital signs monitors in the U.S. vital signs monitoring devices market. However, many local vendors are providing products with similar specifications at lower prices, which has resulted in a price war among vendors. Major vendors continuously compete for the leading position in the market, with occasional competition from other local vendors.

Recent Vendor's Activities in the U.S. Vital Signs Monitoring Devices Market

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.

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Key Company Profiles

A&D Company

Contec Medical Systems

GE Healthcare

Baxter

ICU Medical

Koninklijke Philips

Masimo

Medtronic

NIHON KOHDEN

Nonin

OMRON

OSI Systems

100-plus

Arjo

American Diagnostic

Advanced Instrumentations

Biofourmis

Bittium

BioIntelliSense

Cardinal Health

Compass Health Brands

Drägerwerk AG & Co.

Essence

EDAN Instruments

FUKUDA DENSHI

Halma

Infinium Medical

Mennen Medical

Microlife

NURECA

Oxitone

Qardio

Rossmax International

Solaris Medical Technology

Sunset Healthcare Solutions

Turtle Shell Technologies Pvt. Ltd.

Viatom Technology

VitalConnect

VivaLNK

VYAIRE MEDICAL

Cosinuss

Better Life Medical Technology

TaiDoc

aXcent medical

General Meditech

Clarity Medical

Hicks Thermometers India

medical Econet

Meditech

Shenzhen Creative Industry

Progetti

GETEMED Medical and Information Technology

Shenzhen Unicare Electronic

Opto Circuits (India)

Beijing Choice Electronic Technology

Shenzhen Mindray Bio-Medical Electronics

Remote Diagnostic Technologies

Samtronic

Charmcare

AVI Healthcare

Recorders & Medicare Systems

Acare Technology

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Market Segmentation
Product Type: Standalone Vital Sign Monitors (Heart Rate/ Cardiac Monitors, Pulse Oximeter, Blood Pressure Monitors, and Body Temperature Monitors) and Integrated Vital Sign Monitors
Patient Group: Geriatric, Pediatric, and Adults
Application: Chronic Care and Acute Care
End-users: Hospitals, Outpatient Care Settings, Homecare Settings & Individuals, and Others
Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Key Questions Answered in the Report:
How big is the global vital signs monitoring devices market?
What is the growth rate of the vital signs monitoring devices market?
What are the rising trends in the vital signs monitoring devices industry?
Which region holds the most significant global vital signs monitoring devices market share?
Who are the key players in the global vital signs monitoring devices market?

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