Vital Signs Monitoring Devices Market to grow at an Impressive CAGR During the Forecast Period
Rising number of innovative products are driving the
growth in Global Vital Signs Monitoring Devices Market in the forecast period, 2022-2026.
According to TechSci
Research report, “Global Vital Signs Monitoring
Devices Market By Product Type (Blood
Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices) By End User
(Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others) By
Region, Competition Forecast & Opportunities, 2026”, the global vital
signs monitoring devices market is anticipated to show a robust growth in the
future five years. The market growth can be attributed to the global prevalence
of the lifestyle associated with the chronic disorders. Patients suffering from
chronic disorders, and out-patient in the need of continuous monitoring of the
vital signs are some of the major factors responsible for the growth of global
vital signs monitoring devices market in the forecast period, 2022-2026.
Increased demand for the personalized and accurate vital signs monitoring
devices is anticipated to grow lucratively in the future five years.
In the span of a year,
the market showed a sudden growth. In the year, 2020 world was affected by the
widespread COVID-19 virus. The world economy was suffering due to the complete
lockdown that was observed under the strict regulations from every government.
Manufacturing units were shut down, distributors were not able to provide the
supply and the market was setback due to lack of businesses. Where major
markets suffered huge losses due to the pandemic, healthcare industry and
specifically global vital signs monitoring devices market observed an impressive
growth. To monitor the health conditions and monitor the symptoms related to
the viral infection, common population had a demand for the vital signs
monitoring devices thus recording the sudden growth. The pandemic has not yet
ended, and with the emergence of the new strain of the virus the market is
anticipated to grow exponentially in the future five years.
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The
global vital signs monitoring devices market is segmented by product type, end
user, regional distribution, and competitional landscape. Based on product type,
the market is further bifurcated into blood pressure monitors, pulse oximeters,
and temperature monitoring devices. Blood pressure monitors are further
categorized into mercury blood pressure monitors, aneroid blood pressure
monitors, digital blood pressure monitor, and others. Blood pressure monitors
hold the largest share of the market owing its growth to the demand of devices
to monitor BP abnormalities. Rising prevalence of hypertension increases the
risk of erratic blood pressure in the patients thereby having the surge in
demand of the blood pressure monitoring devices.
Some of the major
competitors in the market are Medtronic Plc., Koninklijke Philips N.V., Masimo
Corporation, Nihon Kohden Corporation, Omron Healthcare, Inc., Contec Medical
Systems Co. Ltd., A&D Company Ltd., Nonin Medical Inc., SunTech Medical,
Inc., GE Healthcare, Hill-Rom Holdings, Inc., OSI Systems, Inc. (Spacelabs
Healthcare), Dragerwerk AG & Co. KGaA, Shenzen Mindray Bio-Medical
Electronics Co, Ltd., Edward Lifesciences (CAS Medical Systems Inc.), among
others.
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“North American region is anticipated to be the promising region for the
future market growth owing the growth to the attributes like excellent
healthcare facilities in the large economies of the region like United States
and Canada. Moreover, the region sustains the rising geriatric population,
prevalence of interminable disorders, and patient inclination toward the remote
and wireless devices are driving the market growth in the future. Government
aid toward the research and development of the more technologically advanced
devices may promise the perfect market for the top players. Asia Pacific region
is expected to have the fastest growth in the future years market owing to the
extensive unmet needs like primary healthcare in the developing countries like
India and China,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based Global management consulting firm.
“Global Vital Signs
Monitoring Devices Market By Product Type (Blood Pressure Monitors, Pulse
Oximeters, Temperature Monitoring Devices) By End User (Hospitals &
Clinics, Diagnostic Centers, Ambulatory Care Centers, Others) By Region,
Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential
of global vital signs monitoring devices and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and opportunities
in global vital signs monitoring devices.
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