Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Vital Signs Monitoring Devices Market – Insights

Vital signs monitoring involves measurement of heart rate, respiratory rate, temperature, and blood pressure in order to assess physical functioning of the body. Vital signs monitoring devices are an integral part of patient monitoring. These devices are used in emergency rooms, operating rooms, intensive care units, and critical care settings.

The global vital signs monitoring devices market is estimated to account for US$ 11,196.7 Mn in terms of value by the end of 2027.

Global Vital Signs Monitoring Devices Market: Drivers

Increasing incidence of life>

Moreover, the availability of vital signs monitoring devices at competitive prices and increasing expenditure on healthcare is also expected to boost growth of the market over the forecast period. For instance, the average cost of ECG device is around US$ 1,800 or lower. Moreover, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027. 

North America region held dominant position in the global vital signs monitoring devices market in 2019, accounting for 39.6% share in terms of value, followed by Europe.

Figure 1. Global Vital Signs Monitoring Devices Market Value (US$ Mn), by Region, 2019

Vital Signs Monitoring Devices  | Coherent Market Insights

Global Vital Signs Monitoring Devices Market: Restraints

Availability of low quality products, particularly in Asia Pacific, is expected to hinder growth of the market. The availability of substandard products at cheap cost acts as a hurdle for sales of low, mid, and high acuity monitors worldwide. Moreover, end users in Asia Pacific are price-sensitive and prefer affordable low-cost monitors over high-priced counterparts.

Moreover, lower adoption rate of advanced vital signs monitoring devices is also expected to hamper growth of the market. Adoption rate of mid acuity monitors, high acuity monitors, and pulse oximeters in tier 2 and tier 3 cities worldwide is low. Although products such as fingertip pulse oximeters are widely used in homecare settings in developed countries, end users in developing regions lack awareness regarding the use of these devices.

Global Vital Signs Monitoring Devices Market: Opportunities

In tier 2 and tier 3 cities of emerging economies, the adoption of advanced vital signs monitors is low. Key players in the market can focus on increasing awareness regarding the benefits of these products through innovative marketing activities and campaigns in hospitals, clinics, and ASCs.

Pulse oximeter sensors available in the market often fail to offer accurate results in situations of reduced periphery perfusion. Key players in the market can focus on developing tracheal photoplethysmography (PPG) sensor to overcome the limitations of current pulse oximeters.

Vital Signs Monitoring Devices  | Coherent Market Insights

Hospitals segment in the global vital signs monitoring devices market was valued at US$ 3,016.2 Mn in 2019 and is expected to reach US$ 6,442.3 Mn by 2027 at a CAGR of 9.7% during the forecast period.

Market Trends/Key Takeaways

The market is witnessing development of next-generation smart apparel for monitoring vital signs of the human body. For instance, in December 2019, the Tokyo-based company Xenoma presented outdoor compatible ‘e-skin EMStyle’ whole-body Electrical Muscle Stimulation (EMS) suit at CES 2020.

Key players in the market are focused on launching portable vital signs monitoring devices to expand their product portfolio. For instance, in December 2019, Nihon Kohden Corporation launched of its Life Scope SVM-7200 Series vital signs monitor. It is a portable, easy-to-use monitor with customizable early warning scoring.

Global Vital Signs Monitoring Devices Market: Competitive Landscape

Major players operating in the global vital signs monitoring devices market include, CAS Medical Systems, Inc., Koninklijke Philips N.V., General Electric Co. (GE), Masimo Corporation, Mindray Medical International Limited, Medtronic, Nihon Kohden Corporation, Smiths Group plc., Dragerwerk AG & Co. KGaA, SunTech Medical, Inc., Welch Allyn, Inc., Spacelabs Healthcare, Inc., Contec Medical Systems Co., Ltd., Iradimed Corporation, and Xenoma.

Global Vital Signs Monitoring Devices Market: Key Developments

Key players in the market are focused on product approval and launch to expand their product portfolio. For instance, In December 2019, Iradimed Corporation announced completion of the CE Mark renewal process for its MRI compatible patient vital signs monitoring systems. The company resumed shipments of the systems into European Commission markets after the renewal.

Key players in the market are also focused on adopting partnership strategies to enhance their market share. For instance, in January 2020, Spirosure, Inc. signed a five-year agreement with Vyaire Medical, Inc. for distribution of Spirosure's Fenom Pro Asthma monitor in the U.S., Germany, the Netherlands, and the U.K.

Vital signs monitoring is used for measuring heart rate, respiratory rate, temperature, and blood pressure to evaluate physical functioning of the human body. Vital signs monitoring devices are routinely used as an integral part of patient monitoring. Vital sign monitoring devices provide and record clinically relevant data of the patient’s health with the help of small sensors attached to the body, which carry the information to the monitor. Increasing incidence of lifestyle-associated chronic diseases is expected to propel growth of the global vital signs monitoring devices market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Vital Signs Monitoring Devices market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Vital Signs Monitoring Devices market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, CAS Medical Systems, Inc., Koninklijke Philips N.V., General Electric Co. (GE), Masimo Corporation, Mindray Medical International Limited, Medtronic, Nihon Kohden Corporation, Smiths Group plc., Dragerwerk AG & Co. KGaA, SunTech Medical, Inc., Welch Allyn, Inc., Spacelabs Healthcare, Inc., Contec Medical Systems Co., Ltd., Iradimed Corporation, and Xenoma.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Vital Signs Monitoring Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Vital Signs Monitoring Devices market

Detailed Segmentation:

  • Vital Signs Monitoring Devices Market, By Product Type:
    • Low Acuity Monitors
    • Mid Acuity Monitors
    • High Acuity Monitors
    • Liquid Filled Thermometers
    • Digital Thermometers
    • Infrared Thermometers
    • Sphygmomanometers
    • Automated Blood Pressure Monitors
    • Standalone Pulse Oximeters
  • Vital Signs Monitoring Devices Market, By End User:
    • Hospitals
    • Clinics
    • Ambulatory Surgical Centers
    • Home Care Settings
  • Vital Signs Monitoring Devices Market, By Region:
    • North America
      • By Product Type:
        • Low Acuity Monitors
        • Mid Acuity Monitors
        • High Acuity Monitors
        • Liquid Filled Thermometers
        • Digital Thermometers
        • Infrared Thermometers
        • Sphygmomanometers
        • Automated Blood Pressure Monitors
        • Standalone Pulse Oximeters
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Home Care Settings
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Low Acuity Monitors
        • Mid Acuity Monitors
        • High Acuity Monitors
        • Liquid Filled Thermometers
        • Digital Thermometers
        • Infrared Thermometers
        • Sphygmomanometers
        • Automated Blood Pressure Monitors
        • Standalone Pulse Oximeters
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Home Care Settings
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Low Acuity Monitors
        • Mid Acuity Monitors
        • High Acuity Monitors
        • Liquid Filled Thermometers
        • Digital Thermometers
        • Infrared Thermometers
        • Sphygmomanometers
        • Automated Blood Pressure Monitors
        • Standalone Pulse Oximeters
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Home Care Settings
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Low Acuity Monitors
        • Mid Acuity Monitors
        • High Acuity Monitors
        • Liquid Filled Thermometers
        • Digital Thermometers
        • Infrared Thermometers
        • Sphygmomanometers
        • Automated Blood Pressure Monitors
        • Standalone Pulse Oximeters
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Home Care Settings
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Low Acuity Monitors
        • Mid Acuity Monitors
        • High Acuity Monitors
        • Liquid Filled Thermometers
        • Digital Thermometers
        • Infrared Thermometers
        • Sphygmomanometers
        • Automated Blood Pressure Monitors
        • Standalone Pulse Oximeters
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Home Care Settings
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Low Acuity Monitors
        • Mid Acuity Monitors
        • High Acuity Monitors
        • Liquid Filled Thermometers
        • Digital Thermometers
        • Infrared Thermometers
        • Sphygmomanometers
        • Automated Blood Pressure Monitors
        • Standalone Pulse Oximeters
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Home Care Settings
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • CAS Medical Systems  Inc.*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Koninklijke Philips N.V.
    • General Electric Co. (GE)
    • Masimo Corporation
    • Mindray Medical International Limited
    • Medtronic
    • Nihon Kohden Corporation
    • Smiths Group plc.
    • Dragerwerk AG & Co. KGaA
    • Welch Allyn, Inc.
    • SunTech Medical Inc.
    • Spacelabs Healthcare, Inc.
    • Contec Medical Systems Co., Ltd.
    • Xenoma

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Region Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Technological Advancements
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Epidemiology
  4. Global Vital Signs Monitoring Devices Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Low Acuity Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Mid Acuity Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • High Acuity Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Liquid Filled Thermometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Digital Thermometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Infrared Thermometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Sphygmomanometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Automated Blood Pressure Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Standalone Pulse Oximeters
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Vital Signs Monitoring Devices Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Vital Signs Monitoring Devices Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Company Profiles
      • CAS Medical Systems Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • General Electric Co. (GE)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Masimo Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Mindray Medical International Limited
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medtronic
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Nihon Kohden Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Smiths Group plc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Dragerwerk AG & Co. KGaA
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Welch Allyn, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SunTech Medical Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Spacelabs Healthcare, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Contec Medical Systems Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Xenoma
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 32 market data tables and 26 figures on “Vital Signs Monitoring Devices Market - Global forecast to 2027”.

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