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Vital Signs Monitoring Devices Market Value and Forecast 2015-2025 by Future Market Insights

Vital Signs Monitoring Devices Market Value and Forecast 2015-2025 by Future Market Insights

Vital signs monitoring include the measurement of heart beat, respiratory rate, temperature, and blood pressure, in order to assess level of body physical functioning. Normal vital signs of healthy people are in the following rages in resting condition:

Heart beat: 60 – 100 beats per minute

Respiratory rate: 12 – 18 breaths per minute

Blood pressure: 90/60 mm/Hg to 120/80 mm/Hg

Temperature: 97.8 – 99.1 degrees Fahrenheit

These vital signs ranges vary with age, weight, sex, exercise and overall health condition.The market for vital signs monitoring devices accounts for devices which are used to measurebody’s major vital signs such as sphygmomanometer,pulse oximeterstethoscope, andthermometer. The global market for vital signs monitoring devices has been segmented into temperature monitoring devices, blood pressure monitoring devices and pulse oximeters, on the basis of product type. These market segments have been further sub segmented; for example temperature monitoring devices market is categorized into digital thermometers, infra-red aural (ear) thermometers, electronic temperature monitors and temperature strips. On the other hand, blood pressure monitoring devices market has been categorized as sphygmomanometers, automated blood pressure monitors, ambulatory blood pressure monitors, blood pressure transducers and blood pressure instrument accessories.Pulse oximeters market is segmented as standalone devices and multi-parameter devices.

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Globally, the vital signs monitoring devices market is expected to grow with increasing incidences of various chronic diseases such as diabetes, asthma, COPD and hypertension, along with rise in elderly population as elderly population are at increased risk of getting affected with these diseases and thus require increased medical attention than younger population. Rising cases of obesity also play a key role in driving the market growth as they contribute to the rise in hypertension cases. Growing trends of home based care under the influence of pressure to reduce cost, is also driving the market growth of the vital signs monitoring devices.

Technical advances in each product category leading to improved features are expected to drive the market growth during coming years. For example, among all vital signs monitoring devices, digital thermometersand digital sphygmomanometers are likely to grow at a faster rate during coming years asthey are easy to use and also provide accurate analysis.

Globally, North America, Europe, Asia-Pacific and Rest of the World (RoW) are the four major regional markets for vital signs monitoring. Among these regions, North America leads the market and is followed by Europe. Well established reimbursement scenario in the region along with high level of awareness regarding these devices among physicians and patients are some major reasons responsible for this region to hold the leading position.Various epidemiological sources including CDC suggest thatan estimated 76 million Americans suffer from high/low blood pressure. This high prevalence of people withhigh/low blood pressure will also play a key role in driving the market growth in the region. In Asia-Pacific region, the market is expected to record highest growth during upcoming years owing to emerging economies of major countries in the region.

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The market for vital signs monitoring devices is witnessing intense competition among manufacturers as they are actively involved in producing devices with new and innovative features in order to lure customers.

GE Healthcare, Omron Healthcare, Philips Healthcare, Welch Allyn, Inc., CAS Medical Systems Inc., CareFusion Corporation, Covidien plc, Nihon Kohden Corporation, Suntech Medical, Inc., Spacelabs Healthcare, Inc., Nonin Medical, Inc., Masimo Corporation and Contec Medical Systems are some major companies playing in the vital signs monitoring market.

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