Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 5.68 Billion | USD 11.26 Billion | CAGR at 7.90% | 2023 |
According to the report published by Zion Market Research, the global Vital Signs Monitoring Market size was valued at USD 5.68 Billion in 2023 and is predicted to reach USD 11.26 Billion by the end of 2032. The market is expected to grow with a CAGR of 7.90% during the forecast period. The report analyzes the global Vital Signs Monitoring Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Vital Signs Monitoring Market industry.
Vital signs monitoring devices execute screening of vital factors such as heart rate, blood pressure, body temperature, and respiratory rate. Additionally, this process may also include examining of several other extra signs such as urinary continence, pain, gait speed, end-tidal carbon dioxide, shortness of breath, and so on. These monitoring devices offer and capture clinically significant information regarding the health status of a patient. Moreover, verification of vital signs after and before medical procedure also reduces patient risk and decreases fault in the elucidation of clinical data.
The major factors influencing the growth of the global vital signs monitoring market are cost-effective processes, rising need for portable monitoring devices, increase in the aging population, and growth in the frequency of hospital admissions. However, the unresponsiveness of few devices in specific conditions and the huge digit of market players are few factors that may impede the market growth.
The global vital signs monitoring market can be segmented based on end-user, product, and region.
The end-user segment of the market is categorized into ambulatory surgery centers, hospitals & clinics, and home care settings.
The product segment of the market is diversified into pulse oximeters, blood pressure monitoring device, and temperature monitoring device.
Report Attributes | Report Details |
---|---|
Report Name | Vital Signs Monitoring Market Research Report |
Market Size in 2023 | USD 5.68 Billion |
Market Forecast in 2032 | USD 11.26 Billion |
Growth Rate | CAGR of 7.90% |
Number of Pages | 196 |
Key Companies Covered | Koninklijke Philips N.V., Welch Allyn, Nihon Kohden Corporation, Nonin Medical Inc., SunTech Medical, Inc., Masimo Corporation, Medtronic plc, General Electric Company, and Omron Corporation. The other key players in the market are A&D Company, Limited, Dragerwerk AG & Co. KGa, Smiths Group plc., Briggs Healthcare Spacelabs Healthcare, Inc., CAS Medical Systems, Inc., Contec Medical Systems Co., Ltd., and Mindray Medical International Limited. |
Segments Covered | By End-user, By Product and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is anticipated to lead the market for vital signs monitoring in the near future due to the increasing digit of geriatric population in this region. Europe is also expected to grow in the market at a significant rate as a result of the growing need for home health patient monitoring devices owing to altering lifestyle and demographics. Further, Asia Pacific region is also projected to grow in the market at a high rate due to the increasing demand for faster and easier devices for home health and clinics.
The prominent players in the market for vital signs monitoring devices include:
The other key players in the market are
By End-user
By Product
Global Vital Signs Monitoring Market: Regional Segment Analysis
What Report Provides
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