The Vital Signs Monitoring Devices market report provides detailed quantitative analysis of current trends and forecast estimates.
PORTLAND, OREGON, UNITED STATES, Aug. 24, 2022 /EINPresswire.com/ — The vital signs monitoring devices market was valued at $4.65 billion in 2018 and is projected to reach $7.80 billion by 2026, registering a CAGR of 62019% by 2026. Monitoring vital signs devices deals with the measurement of vital parameters such as respiratory rate, blood pressure, temperature and pulse to assess the health status of a patient. These devices are used to monitor the patient’s condition before or during patient care. Vital signs can be measured in a medical setting, at home, or at the scene of a medical emergency.
Key players profiled in this report include Hill-Rom Holdings, Inc., Halma plc (SunTech Medical, Inc.), Nonin Medical, Inc., Omron Corporation, Masimo Corporation, General Electric Company, Medtronic plc, Nihon Kohden Corporation, Koninklijke Philips NV, A&D Company, Limited Contec Medical System Co., Ltd, and Smiths Group plc.
Additionally, due to the outbreak of COVID-19, trade and transport restrictions, quarantine measures, checks and disruptions of cross-border movement have adversely affected the global supply chain of vital signs monitoring devices. On the contrary, demand for these devices is likely to increase amid the pandemic, due to their increasing use in recording and analyzing physiological functions such as body temperature and blood pressure in patients with COVID-19. Additionally, increasing demand for temperature monitoring devices such as non-contact infrared thermometers in several workplaces is anticipated to further drive the market growth.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐬𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry
In the end-user segment, hospitals and clinics accounted for a major share of the vital signs monitoring devices market in 2018 and are expected to maintain this trend during the forecast period. Vital signs monitoring devices are used to examine several medical parameters including blood pressure, oxygenation level and temperature to keep track of the patient’s health status. In hospitals and clinics, vital signs monitoring equipment is used in the treatment of communicable (malaria, pneumonia and HIV/AIDS) and non-communicable (hypertension) diseases. Vital signs monitoring devices are in high demand in hospitals and clinics as these devices facilitate early detection of a patient’s deteriorating health condition; making it possible to intervene and quickly diagnose the disease. Disposable wireless monitoring devices are widely used in hospitals due to their ease of disposal, eliminating the need for cleaning and sterilization.
𝐊𝐄𝐥 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
• By product type, in 2018, the blood pressure (BP) monitoring devices segment accounted for more than half of the total vital signs monitoring devices market.
• Among pulse oximeter devices, the fingertip pulse oximeter segment is expected to grow at a significant CAGR of 8.36%, as these devices can be easily used in the home environment and do not require trained professionals to operate the device.
• Asia-Pacific is projected to be the fastest growing region, registering a CAGR of 8.1% during the analysis period, owing to the presence of ample growth opportunities in terms of unmet medical needs for the treatment of hypertension, COPD and infectious diseases in this region and high disposable income of the population.
• In 2018, Germany accounted for 19.66% of the vital signs monitoring equipment market in Europe.
• The hospitals and clinics and home environment segments collectively accounted for about 90.3% of the share in 2018.
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