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Emerging Trends Influencing The Growth Of The Vital Parameter Monitoring Devices And Equipment Market: Rise Of Wearable Health Devices (WHDS) In Vital Parameter Monitoring
The Vital Parameter Monitoring Devices And Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Vital Parameter Monitoring Devices And Equipment Market Size Expected to Be by 2034?
The vital parameter monitoring devices and equipment market has grown strongly in recent years. It is set to grow from $8.06 billion in 2024 to $8.81 billion in 2025, at a CAGR of 9.3%. The factors contributing to this growth include an aging population, the prevalence of chronic diseases, increased patient empowerment, and the ongoing digitalization of healare.
The vital parameter monitoring devices and equipment market is expected to grow steadily to $12.13 billion in 2029 at a CAGR of 8.3%. Growth is supported by trends in remote health monitoring, personalized healare, preventative medicine, and value-based systems. Notable trends include wearable monitors, AI-driven analytics, smart home integrations, and telemonitoring tools.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Vital Parameter Monitoring Devices And Equipment Market Trends?
The vital parameter monitoring devices and equipment market is projected to grow due to the increasing elderly population. As people aged 65 and older require constant monitoring of vital signs, the demand for such equipment is on the rise. According to WHO, one in six people globally will be 60 or older by 2030, and the number of individuals aged 80 or above is expected to grow by 426 million between 2020 and 2050.
Who Are the Top Competitors in Key Vital Parameter Monitoring Devices And Equipment Market Segments?
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 Healare, CAS Medical Systems Inc., Dragerwerk AG & Co., Briggs Healare 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.
What Are the Major Trends Shaping the Vital Parameter Monitoring Devices And Equipment Market?
Companies in the vital parameter monitoring device and equipment sector are increasing their investment in research and development of wearable health devices (WHDs). These devices are designed to monitor various health and fitness metrics, aiding in early diagnosis and continuous health management. For example, the ViSi Mobile by Sotera Wireless tracks multiple vital parameters, including heart rate and oxygen levels. Another example is VitalTag, developed under the Department of Homeland Security, which monitors heart rate, body temperature, and blood pressure. Current Health has also received FDA approval for its AI-powered wearable that monitors vital signs both at home and in hospitals.
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Which Regions Are Becoming Hubs for Vital Parameter Monitoring Devices And Equipment Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vital Parameter Monitoring Devices And Equipment Market?
2. What is the CAGR expected in the Vital Parameter Monitoring Devices And Equipment Market?
3. What Are the Key Innovations Transforming the Vital Parameter Monitoring Devices And Equipment Industry?
4. Which Region Is Leading the Vital Parameter Monitoring Devices And Equipment Market?
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