Global Vital Signs Monitoring Market: Overview
Vital signs monitoring devices execute screening of vital factors such as heart rate, blood pressure, body temperature, and respiratory rate. Additionally, this process may also include examining of several other extra signs such as urinary continence, pain, gait speed, end-tidal carbon dioxide, shortness of breath, and so on. These monitoring devices offer and capture clinically significant information regarding the health status of a patient. Moreover, verification of vital signs after and before medical procedure also reduces patient risk and decreases fault in the elucidation of clinical data.
Global Vital Signs Monitoring Market: Growth Factors
The major factors influencing the growth of the global vital signs monitoring market are cost-effective processes, rising need for portable monitoring devices, increase in the aging population, and growth in the frequency of hospital admissions. However, the unresponsiveness of few devices in specific conditions and the huge digit of market players are few factors that may impede the market growth.
Global Vital Signs Monitoring Market: Segmentation
The global vital signs monitoring market can be segmented based on end-user, product, and region. The end-user segment of the market is categorized into ambulatory surgery centers, hospitals & clinics, and home care settings. The product segment of the market is diversified into pulse oximeters, blood pressure monitoring device, and temperature monitoring device. The pulse oximeters segment of the market is divided into fingertip pulse oximeters, wrist-worn pulse oximeters, table-top/bedside pulse oximeters, hand-held pulse oximeters, and pediatric pulse oximeters. The blood pressure monitoring device segment of the vital signs monitoring market is classified into digital blood pressure monitors, blood pressure instrument accessories, aneroid blood pressure monitors, and ambulatory blood pressure monitors. The temperature monitoring device segment of the market is sub-segmented into infrared thermometers, digital thermometers, and temperature strips.
Global Vital Signs Monitoring Market: Regional Analysis
North America is anticipated to lead the market for vital signs monitoring in the near future due to the increasing digit of geriatric population in this region. Europe is also expected to grow in the market at a significant rate as a result of the growing need for home health patient monitoring devices owing to altering lifestyle and demographics. Further, Asia Pacific region is also projected to grow in the market at a high rate due to the increasing demand for faster and easier devices for home health and clinics.
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Global Vital Signs Monitoring Market: Competitive Players
The prominent players in the market for vital signs monitoring devices include Koninklijke Philips N.V., Welch Allyn, Nihon Kohden Corporation, Nonin Medical Inc., SunTech Medical, Inc., Masimo Corporation, Medtronic plc, General Electric Company, and Omron Corporation. The other key players in the market are A&D Company, Limited, Dragerwerk AG & Co. KGa, Smiths Group plc., Briggs Healthcare Spacelabs Healthcare, Inc., CAS Medical Systems, Inc., Contec Medical Systems Co., Ltd., and Mindray Medical International Limited.