Market Analysis: Vital Signs Monitoring Market - key product segments and their future

Vital signs monitoring devices perform monitoring of vital parameters such as blood pressure, heart rate, respiratory rate and body temperature. In addition, this may involve monitoring of various other additional signs such as pain, urinary continence, gait speed, shortness of breath, end-tidal carbon-dioxide. Such monitoring devices provide and record clinically relevant data regarding patient’s health status. Moreover, monitoring of vital signs before and after medical operation also minimizes patient risk and reduces error in interpretation of clinical data. However, these vital signs may vary by age. Multimodal monitoring is also possible which provides simultaneous measurement and display of the relevant vital signs and allow continuous monitoring of a patient by the medical staff.

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The global vital signs monitoring market is categorized as follows:
Blood pressure monitoring devices
Pulse oximeters
Temperature monitoring devices
Currently, North America dominates the global vital signs monitoring market and is followed by Europe due to increasing elderly population and rising demand for health monitoring devices for patients at home as well as clinics in these regions. Emerging economies of Asia-Pacific, Latin America and Middle East are also expected to undergo rapid growth in this market due to rapidly increasing aging population, improving healthcare infrastructure and rising demand for vital signs monitoring devices at clinics as well as for home health.

Rising awareness of the convenience and cost effectiveness offered by such patient monitoring devices and improved reimbursement policies, majorly in the developed economies are also the major factors driving the global vital signs monitoring market.

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Some of the key players contributing to the global vital signs monitoring market include A&D Medical, Contec Medical Systems, Covidien PLC, GE Healthcare, Masimo Corporation, Mindray Medical International Limited, Nihon Kohden, Omron Healthcare, Inc., Philips Healthcare, Spacelabs Healthcare, Inc., Suntech Medical, Inc. and Welch Allyn, Inc.

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