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The latest market report published by Credence Research, Inc. “Vital Signs Monitoring Devices Market: Growth, Future Prospects, and Competitive Analysis, 2017 -2025” the Vital signs monitoring devices market was valued at USD 3,884.4 Mn in 2016, and is expected to reach USD 7,316.4 Mn by 2025, expanding at a CAGR of 7.2% from 2017 to 2025.Market Insights:
The vital signs monitoring devices market has evolved and promises a lucrative growth in the forecast period 2017-2025. Vital signs monitoring devices are used for monitoring several vital signs such as body temperature, pulse rate, respiratory rate, and blood pressure. Of these vital signs Blood pressure is checked in the maximum owing to increase in hypertension, cardiovascular disease and obesity conditions globally.
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As per World Health Organization (WHO), hypertension is prevalent in almost 40% of the population globally. Cardiovascular diseases account for 31% of all deaths globally, of these deaths 75% occurs in low-income countries. 35% of the population are suffering from obesity globally. As this trend seems to increase, there rises a greater growth potential for the blood pressure monitoring and pulse rate devices market by 2025.
Another condition namely chronic obstructive pulmonary disorder (COPD) is also on a rise. As per WHO, 7.5%- 10% are prevalent with COPD globally. According to WHO COPD could be 3rd leading cause of death by 2030. This could account for the increase in growth for the respiratory rate monitoring devices market by 2025.The temperature monitoring devices and respiratory rate monitoring devices predominate the market in terms of volume as it is widely used in homecare settings.
North America remains the dominates the global vital signs monitoring devices market owing to rise in geriatric population, increased prevalence of disorders such as hypertension, obesity, COPD and other non-communicable diseases and use of latest smart technologies for vital signs monitoring. Europe holds second position in global vital signs monitoring devices market due to key driving factors such as increase in death rates due non-communicable diseases, rise in demand for home patient monitoring and increase in product development.
Asia Pacific regions is expected to boost in demand for such devices as there is an increasing accessibility to modern technologies. Increasing prevalence of various disorders in developing nations such as Brazil, Mexico and Middle Eastern regions and better understanding related to the several applications of smarter and newer technologies is the major driving force that could drive the revenue of the key vital signs monitoring devices players.
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Based on the type of product, the global vital signs monitoring devices market is segmented as follows:
Body temperature monitoring devices:
1) Digital thermometers:
Electronic ear thermometer
Forehead thermometers
Plastic “fever” strip thermometers
Infrared thermometers
Pacifier thermometer
Glass and mercury thermometers
2) Respiratory monitoring device:
Pulse oximeter
Transcutaneous monitoring system-Radiometer
3) Blood pressure monitoring devices:
Aneroid monitors
Digital monitors
Ambulatory monitors
Market Competition Assessment:
The vital signs monitoring devices market is observed as the most diversified and competitive market comprising large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are Welch Allyn, Omron Healthcare, Generation Guard, Vive, Ozeri, Panasonic, Santamedical, Medtronic, A&D Medica Inc., Contec Medical System Co. Ltd., Medtronic plc, GE Healthcare, Philips Healthcare, SunTech Medical Inc., Rossmax International Ltd. & others.
Key Market Movements:
Rising prevalence of various non-communicable conditions like hypertension, obesity or COPD has increased the demand for such devices
Increase development and availability of vital signs monitoring devices in low income countries has increased a demand for the same in those regions.
New developments such as digital thermometer or wireless monitoring devices has increased the demand for use in home settings thus increase in sales volume.
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Table of Content:
1. Preface
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2. Executive Summary
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Chapter 3. Vital Signs Monitoring Devices Market: Market Dynamics and Future Outlook
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Chapter 4. Vital Signs Monitoring Devices Market, by Product Type, 2016 – 2025 (US$ Mn)
4.1. Overview
4.1.1. Attractive Investment Proposition: Global Vital Signs Monitoring Devices Market, by Product Type
4.2. Body Temperature Monitoring Devices
4.2.1. Digital thermometers
4.2.1.1. Oral
4.2.1.2. Rectal
4.2.1.3. Axillary
4.2.2. Electronic ear thermometer
4.2.3. Forehead thermometers
4.2.4. Plastic “fever” strip thermometer
4.2.5. Infrared thermometer
4.2.6. Pacifier thermometer
4.2.7. Glass and Mercury thermometer
4.3. Respiratory Monitoring Devices
4.3.1. Pulse Oximeter
4.3.1.1. Table-Top/Bedside Pulse oximeter
4.3.1.2. Fingertip Pulse oximeter
4.3.1.3. Hand-Held Pulse oximeter
4.3.1.4. Wrist-Worn Pulse oximeter
4.3.1.5. Pediatric Pulse oximeter
4.3.2. Transcutaneous monitoring system-Radiometer
4.4. Blood Pressure Monitoring Devices
4.4.1. Aneroid monitors
4.4.2. Digital monitors
4.4.3. Ambulatory monitors
Chapter 5. Global Vital Signs Monitoring Devices Market, by End Users, 2015-2025 (US$ Mn)
5.1. Overview
5.2. Hospitals
5.3. Clinics
5.4. Ambulatory Surgical Centers
5.5. Homecare Settings
5.6. Other Healthcare Settings
Chapter 6. Global Vital Signs Monitoring Devices Market, by Geography, 2015 – 2025 (US$ Mn)
6.1. Overview
6.2. North America Vital Signs Monitoring Devices Market Analysis, 2015 – 2025
6.2.1. North America Vital Signs Monitoring Devices Market, By Product Type, 2015 – 2025 (US$ Mn)
6.2.2. North America Vital Signs Monitoring Devices Market, By End Users, 2015 – 2025 (US$ Mn)
6.2.3. North America Vital Signs Monitoring Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Vital Signs Monitoring Devices Market Analysis, 2015 – 2025
6.3.1. Europe Vital Signs Monitoring Devices Market, By Product Type, 2015 – 2025 (US$ Mn)
6.3.2. Europe Vital Signs Monitoring Devices Market, By End Users, 2015 – 2025 (US$ Mn)
6.3.3. Europe Vital Signs Monitoring Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific Vital Signs Monitoring Devices Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Vital Signs Monitoring Devices Market, By Product Type, 2015 – 2025 (US$ Mn)
6.4.2. Asia Pacific Vital Signs Monitoring Devices Market, By End Users, 2015 – 2025 (US$ Mn)
6.4.3. Asia Pacific Vital Signs Monitoring Devices Market, by Country, 2015 – 2025 (US$ Mn)
Chapter 7. Company Profiles
7.1. Welch Allyn
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Omron Healthcare
7.3. Generation Guard
7.4. Vive Health
7.5. Panasonic
7.6. Gurin product, LLC.
7.7. Medtronic
7.8. A&D Medical
7.9. Contec Medical Systems Co., Ltd.
7.10. GE Healthcare
7.11. Philips Healthcare
7.12. SunTech Medical Inc.
7.13. Rossmax International Ltd.
7.14. Nonin Medical, Inc.
7.15. Ozeri
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