Vital signs monitoring involves measurement of heart rate, respiratory rate, temperature and blood pressure, in order to assess the physical functioning of the body. The global vital signs monitoring devices market has been segmented on the basis of product type, mount type, end use and region. Based on product type, the market has been segmented into four segments, namely monitors, temperature measurement devices, blood pressure measurement devices and standalone pulse oximeters. The monitors segment is further classified into three sub-segments, namely low acuity monitors, mid acuity monitors and high acuity monitors. Besides, the temperature measurement devices segment is sub-segmented into liquid-filled thermometers, digital thermometers and infrared thermometers. The blood pressure measurement devices segment has been sub-segmented into sphygmomanometers and automated blood pressure monitors. Based on mount type, the vital signs monitoring devices market has been segmented into standalone and portable. Based on end use, the global vital signs monitoring devices market has been segmented into hospitals, clinics, ambulatory surgical centres and home care settings.
Future Market Insights delivers key insights and presents a revised forecast of the global vital signs monitoring devices market for a 10 year period from 2017 to 2027 in an upcoming report titled “Vital Signs Monitoring Devices Market: Global Industry Analysis and Opportunity Assessment 2017–2027.” The global vital signs monitoring devices market is projected to expand at a healthy CAGR of 8.7% and 9.2% in terms of value and volume respectively during the forecast period, due to factors, regarding which FMI offers useful insights in detail in this report. The global vital signs monitoring devices market is expected to increase from US$ 4,147.6 Mn by the end of 2016 to US$ 10,323.1 Mn by 2027 end in terms of value; and from 35,636 units by the end of 2016 to 93,656 units by 2027 end in terms of volume.
Growth of the global vital signs monitoring devices market is mainly driven by the increasing importance of vital signs monitoring devices in home care settings, the expanding application of vital signs monitoring devices in the sports industry and the surge in ambulatory surgical centres across various countries, which actively employ vital signs monitoring devices routinely. The global vital signs monitoring devices market is fairly fragmented and is prone to the usage of a large number of low quality products, which could hamper growth of the market. Also, high end, advanced vital signs monitoring devices are being adopted at a lower rate in the market, especially in the developing regions, which again is acting as a restraint for the global market growth.
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Key players in the global vital signs monitoring devices market include CAS Medical Systems, Inc., Koninklijke Philips N.V., General Electric Co., Masimo Corporation, Mindray Medical International Limited, Medtronic, Inc., Nihon Kohden Corporation, Smiths Group plc, Dragerwerk AG & Co. KGaA, SunTech Medical, Inc., Spacelabs Healthcare, Inc. and ContecMedical Systems Co., Ltd. Market participants are focussed on new product development and approvals while expanding into emerging markets.