Top Factor Driving Vital Parameter Monitoring Devices And Equipment Market Growth in 2025: Rising Geriatric Population Fuels Demand For Vital Parameter Monitoring Devices And Equipment

How Big Is the Vital Parameter Monitoring Devices And Equipment Market Expected to Be, and What Will Its Growth Rate Be?
The market size for equipment and devices monitoring crucial health parameters has seen substantial growth in the past years. The growth will move from $8.06 billion in 2024 to $8.81 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%. This growth during the historic period is thanks to factors such as the aging population, prevalence of chronic illnesses, patient empowerment, and digitalization in healthcare.

The market size for essential monitoring devices and equipment is projected to witness robust expansion in the upcoming years, rising to be worth $12.13 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 8.3%. The predicted growth during the forecast period can be associated with factors such as remote patient monitoring, personalised treatments, preventive healthcare measures, and quality-based medical services. Emerging trends during the forecast window are anticipated to include wearable tech, artificial intelligence and machine learning, the broadening of telemonitoring, and integration into smart homes.

What Are the Primary Growth Drivers for the Vital Parameter Monitoring Devices And Equipment Market?
The growth of the vital parameter monitoring devices and equipment market is anticipated to be fuelled by a rise in the aging populace. The elderly population comprises individuals who are 65 years and above, compared to those, aged between 18 and 64, who are working. The escalating elderly population worldwide necessitates constant monitoring of critical signs, thereby enhancing the demand for monitoring gadgets and machinery. For instance, a report issued in October 2022 by the World Health Organization (WHO), a Swiss agency devoted to global public health, predicted that by 2030, one out of every six people worldwide will be 60 years or older. The number of people aged 60 or older globally will reach 2.1 billion by 2050. Additionally, the populace that is 80 years or older is projected to surge by 426 million from 2020 to 2050, contrasted with the present populace. Thus, the growing elderly population serves as a key driver in the expansion of the vital parameter monitoring devices and equipment market.

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Who Are the Dominant Companies Influencing Vital Parameter Monitoring Devices And Equipment Market Trends?
Major companies operating in the vital parameter monitoring devices and equipment market include Hill-Rom Holdings Inc., Halma plc, Masimo Corporation, General Electric Company, Medtronic plc, Nihon Kohden Corporation, Koninklijke Philips N.V., A&D Company Limited, Contec Medical Systems Co. Ltd., Nonin Medical Inc., Omron Corporation, Smiths Group plc, Spacelabs Healthcare, CAS Medical Systems Inc., Dragerwerk AG & Co., Briggs Healthcare Corp., OSI Systems Inc., Mindray Medical International Limited, Caretaker Medical LLC, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Boston Scientific Corporation, Hicks Inc., Covidien plc, Bosch GmbH, Biotronik Inc., Intel Corporation, Health anywhere Inc, Johnson & Johnson, Schiller AG, Edwards Lifesciences, Nonin Medical Inc., Hill-Rom Holdings Inc., Midmark Corporation, Baxter International Inc., ICU Medical Inc.

How Is the Vital Parameter Monitoring Devices And Equipment Market Evolving?
Companies that manufacture devices and equipment for monitoring crucial health parameters are progressively channeling their resources into developing wearable health devices (WHDs). These are sophisticated electronic devices, designed to be worn by the user, and have the ability to record health and fitness-related data. They provide enhanced health monitoring capabilities and assist in early detection of health issues, also enabling the user to seek medical advice promptly. Take for instance, the ViSi Mobile, a wearable device engineered by Sotera Wireless, capable of recording crucial health indicators like heart and pulse rate, respiration rate, and oxygen saturation levels, among others. Similarly, the Department of Homeland Security Science and Technology Directorate have created a wearable device called VitalTag, designed to measure and track heart rate, oxygen levels in the blood, body temperature, and blood pressure. Additionally, Current Health has recently obtained FDA clearance for an AI-enabled wearable device that tracks vital signs of patients both in a hospital setting and at home.

What Are the Different Segmentations in the Vital Parameter Monitoring Devices And Equipment Market?
The vital parameter monitoring devices and equipment market covered in this report is segmented -

1) By Product Type: Blood Pressure Monitoring Devices, Pulse Oximeters, Temperature Monitoring Devices
2) By Blood Pressure Monitoring Devices: Aneroid BP Monitors, Digital BP Monitors, Ambulatory BP Monitors, Blood Pressure Instrument Accessories
3) By Pulse Oximeters: Table-top Or Bedside Pulse Oximeters, Fingertip Pulse Oximeters, Hand-held Pulse Oximeters, Wrist-worn Pulse Oximeters, Pediatric Pulse Oximeters
4) By Temperature Monitoring Devices: Digital Thermometers, Infrared Thermometers, Temperature Strips
5) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Home Care Settings

Subsegments:
1) By Blood Pressure Monitoring Devices: Digital Blood Pressure Monitors, Aneroid Blood Pressure Monitors, Mercury Sphygmomanometers, Ambulatory Blood Pressure Monitors, Wrist Blood Pressure Monitors
2) By Pulse Oximeters: Finger Pulse Oximeters, Handheld Pulse Oximeters, Fingertip Pulse Oximeters, Pediatric Pulse Oximeters, Wrist Pulse Oximeters
3) By Temperature Monitoring Devices: Digital Thermometers, Infrared Thermometers, Ear Thermometers, Forehead Thermometers, Clinical Thermometers

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Which Region Is at the Forefront of the Vital Parameter Monitoring Devices And Equipment Market?
Asia-Pacific was the largest region in the global vital parameter monitoring devices and equipment market in 2023. North America was the second-largest region in the vital parameter monitoring devices and equipment market share. The regions covered in the vital parameter monitoring devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Vital Parameter Monitoring Devices And Equipment Global Market Report?

- Market Size Analysis: Analyze the Vital Parameter Monitoring Devices And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Vital Parameter Monitoring Devices And Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Vital Parameter Monitoring Devices And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Vital Parameter Monitoring Devices And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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