Vital Signs
Monitoring Systems Market: Introduction
Transparency Market
Research has published a new report titled, “Global Vital Signs Monitoring
Systems Market”. According to the report, the global vital signs monitoring systems market was valued
at ~US$ 7.4 Bn in 2018 and is
projected to expand at a CAGR of ~5% from 2019 to 2027.
Vital signs are
indicators of the body’s ability to maintain homeostasis. Temperature, pulse,
blood pressure, and respiration are considered to be vital signs because these
are used to measure some of the body’s vital functions and provide information
about a patient’s physical well-being. These also help in monitoring or
detecting medical problems. Vital signs can be measured in medical emergency,
home care settings, and medical settings. Vital signs monitors help to
continuously measure multiple vital signs including temperature, ECG,
non-invasive blood pressure, and SpO2. Wearable patch and watch are the recent
innovations in vital signs monitoring system. Introduction of new products by
key players is anticipated to drive the global vital signs monitoring systems
market. For instance, in January 2017, Masimo launched the Rad-97
Pulse-CO Oximeter in India. Furthermore, growth of the global vital signs
monitoring systems market can be attributed due to increase in number of
patients with chronic cardiovascular and respiratory diseases. For instance,
prevalence of COPD is increasing in countries such as India and others in Asia
Pacific. An article published by Elsevier Ltd. stated that chronic respiratory
diseases, COPD and asthma accounted for 10.9%, 8.7%, and 7.9% deaths,
respectively, in India in 2016.
North America dominated
the global vital signs monitoring systems market in 2018 and
the trend is anticipated to continue during the forecast period. Early adoption
of technologically advanced products is likely to fuel the growth of the market
in the region. The market in Asia Pacific is projected to expand at a strong
CAGR from 2019 to 2027 owing to rise in
prevalence chronic diseases due to changes in lifestyle and unhealthy diet. An
article published in the International Journal of Chronic Obstructive Pulmonary
Diseases stated that prevalence of COPD is higher in men than women in China
and the estimated diagnosed rate of COPD varies from 23.61% to 30%.
Request a
Sample of Vital Signs Monitoring Devices Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2283
Easy Availability
of Bench-top Products
In terms of modality, the
global vital signs monitoring systems market has been divided into bench-top,
handheld, and wearable. The bench-top segment accounted for major share of the
global vital signs monitoring systems market in 2018, owing to easy
availability of products. The wearable segment accounted for significant share
of the market in 2018. It is anticipated to grow at a rapid pace during the
forecast period. Innovation in wearable medical technology is expected to drive
the segment.
High Demand for
Connected Devices-based Vital Signs Monitoring Systems
Based on technology, the
global vital signs monitoring systems market has been bifurcated into connected
devices and conventional. The connected devices segment dominated the global
vital signs monitoring systems market in 2018. In November
2016, Hill-Rom Services, Inc. announced that its subsidiary, Welch Allyn,
entered into the connected home monitoring market along with Home Hypertension
Program. The conventional segment accounted for significant share of the global
vital signs monitoring systems market in 2018. Growth of the
segment can be attributed to emergence of telemedicine.
Consoles to
Account for Major Share of Global Market
In terms of component,
the global vital signs monitoring systems market has been segmented into
consoles, accessories & consumables, and apps/software. The consoles
segment dominated the global vital signs monitoring systems market in 2018.
The apps/software segment is likely to grow at a rapid pace during the forecast
period owing to rise in use of Internet of Things in healthcare applications.
Request for
Analysis of COVID19 Impact on Vital Signs Monitoring Devices Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2283
Rise in
Prevalence of Cardiovascular Diseases to Fuel Market Growth
Based on product, the
global vital signs monitoring systems market has been divided into
cardiovascular, blood pressure monitoring, body temperature, pulse oximetry,
capnography, and respiratory rate. The cardiovascular segment has been
bifurcated into ECG and heart rate. The cardiovascular segment dominated the
global vital signs monitoring systems market in 2018. Rise in
prevalence of cardiovascular diseases and reimbursement support for vital signs
monitors are the factors projected to drive the segment. The ECG sub-segment
accounted for major share of the cardiovascular segment in 2018.
The sub-segment is anticipated to grow at a rapid pace during the forecast
period. The pulse oximetry segment held significant share of the global vital
signs monitoring systems market in 2018. The segment is expected to
expand at a moderate CAGR from 2019 to 2027. The
FDA approval for pulse oximeters offered by key players is likely to fuel the
growth of the segment. In January 2019, Masimo received the FDA
clearance for Rad-97 Pulse CO-Oximeter.
Hospitals to be
Major End User
In terms of end user, the
global vital signs monitoring systems market has been segmented into hospitals,
home care, ambulatory surgical centers, and others. The hospitals segment
dominated the global vital signs monitoring systems market in 2018 and
the trend is projected to continue during the forecast period. Rise in rate of
hospitalization for chronic diseases is anticipated to drive the segment.
Vital Signs
Monitoring Systems Market: Prominent Regions
North America accounted
for major share of the global vital signs monitoring systems market in 2018.
Product launch & approvals and presence of key players are expected to
boost the growth of the vital signs monitoring systems market in the region
during the forecast period. In January 2018, Koninklijke Philips
N.V. launched IntelliVue X3, next generation patient monitoring solution, in
the U.S. IntelliVue X3 is a dual purpose monitor and highly portable with
intuitive smartphone-style operation. Moreover, rise in prevalence of
cardiovascular diseases is anticipated to fuel the growth of the vital signs
monitoring systems market in North America. According to Canada Statistics,
estimated incidence of high blood pressure is 90%, and hypertension
affects almost 1 in 4 adults in Canada. In 2018, an estimated
5,360,000 people had high blood pressure in Canada.
Buy now Vital
Signs Monitoring Devices Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=2283<ype=S
Europe held the second
largest share of the global vital signs monitoring systems market in 2018. Growth
of the market in the region is attributed to adoption of integrated technology
and rise in prevalence of chronic diseases. In March 2017, Masimo
announced the CE Mark for Rad-97 Pulse CO-Oximeter for non-invasive blood
pressure measurement. According to the British Lung Foundation, an estimated
8,028,741 people were living with asthma in the U.K. in 2013.
Asia Pacific held
significant share of the global vital signs monitoring systems market in 2018.
The market in the region is expected to grow at a rapid pace during the
forecast period. Growth of the market in Asia Pacific is attributed to increase
in the geriatric population. Moreover, surge in awareness about telemedicine is
likely to accelerate the growth of the vital signs monitoring systems market in
the region.
Competitive
Landscape
Key players are expanding
their footprint to strengthen their positions in the global vital signs
monitoring systems market. For instance, in May 2017, Masimo announced
partnership with Midmark Corporation to improve the efficiency and accuracy of
vital signs monitors. This enabled the company to increase interaction of
health care professionals and patients and enhance the outcomes at the
point-of-care. Increase in focus of industry players on investment in
developing regions to expand business is expected to augment the global vital
signs monitoring systems market in the next few years.
Prominent players
operating in the global vital signs monitoring systems market are Medtronic,
Welch Allyn (Hill-Rom Services Inc.), GE Healthcare (General Electric Company),
Koninklijke Philips N.V., OMRON Corporation, VitalConnect, Infinium Medical,
Masimo, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and BioBeat.
More Trending
Reports by Transparency Market Research:
About Us
Transparency Market
Research (TMR) is a market intelligence company, providing global business
information reports and services. Our exclusive blend of quantitative
forecasting and trends analysis provides forward-looking insight for thousands
of decision makers. TMR’s experienced team of Analysts, Researchers, and
Consultants, use proprietary data sources and various tools and techniques to
gather, and analyze information. Our business offerings represent the latest
and the most reliable information indispensable for businesses to sustain a
competitive edge.
Each TMR syndicated
research report covers a different sector - such as pharmaceuticals, chemicals,
energy, food & beverages, semiconductors, med-devices, consumer goods and
technology. These reports provide in-depth analysis and deep segmentation to
possible micro levels. With wider scope and stratified research methodology,
TMR’s syndicated reports thrive to provide clients to serve their overall
research requirement.
Contact
TMR
90 State Street, Suite
700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free:
866-552-3453
