A research study titled, “Vital
Signs Monitoring Devices Market by Product and End User - Global Industry
Analysis and Forecast to 2025” published by Crystal Market Research, states
that the vital signs monitoring devices market is projected to be around $6
billion by 2025.
Increasing
diversity in patient characteristics has led to an increased focus on
identifying early deterioration and adverse events. One of the key components
of such efforts is the monitoring of different vital signs of the patients. Monitoring
and measurement of vital signs is an essential practice for healthcare
practitioners treating infants, children and adults alike. Traditionally,
healthcare professionals and organizations have been practicing recording and
monitoring of vital signs as a means to evaluate the physiological status of
patients. This information, which usually consists of temperature, blood
pressure, respiratory rate, oxygen saturation measurements and pulse rate, is
then used to help determine a patient’s health status. With increase in
incidence of chronic diseases such as hypertension and cardiovascular disorders
across the world, vital signs monitoring has gained significant importance in
avoiding adverse events.
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The body’s
temperature represents the balance between the heat lost and heat produced. In
clinical environments, body temperature of patients may be affected by factors
such as skin exposure (e.g. in the operating theatre), underlying
pathophysiology (e.g. sepsis) or age. Other factors which may not alter the
core body temperature may result in inaccurate measurements, such as consuming
cold or hot fluids before oral temperature measurement. Monitoring devices such
as digital thermometers, temperature strips and infrared thermometers are
generally used for temperature measurement.
Pulse can be affected by many factors such as age, medications, existing
medical conditions (e.g. fever) and fluid status. Measurement of heart rate and
pulse oximetry are critical for assessing the status of human cardiovascular system.
Pulse oximetry refers to measurement of oxygen saturation level to determine
the amount of oxygen being carried by the blood. Different forms of these
devices such as hand-held pulse oximeter, fingertip pulse oximeters, and wrist
worn pulse oximeters are used for measuring oxygen saturation level.
Rise in
prevalence of hypertension coupled with rapidly aging population, rise in major
risk factors for hypertension, growing awareness towards timely control and
effective management of hypertension, and increased preference for
self-monitoring are set to drive the demand for these monitoring devices.
However, low awareness about the benefits of using these devices for monitoring
purpose in developing countries will restrain the market growth.
Blood
pressure monitoring devices segment dominates the global vital sign monitoring
devices market in 2016, due to high prevalence of chronic diseases such as
hypertension, diabetes and other lifestyle related disorders. Pulse oximeters
segment is anticipated to exhibit fastest growth during the forecast period due
to rise in occurrence of respiratory diseases such as chronic obstructive pulmonary
disease (COPD) globally.
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Increased
focus of key players on developing innovative monitoring devices to meet the
unmet medical needs will further propel the market growth. For instance, in
October 2013, iHealth Labs obtained FDA approval for its fingertip pulse
oximeter. Likewise, in January 2014, Nonin Medical, Inc. launched its new pulse
oximeter, NoninConnect. This oximeter features Bluetooth Smart wireless
technology. Similarly, in January 2015, Masimo revealed its fingertip pulse
oximeter, MightySat, for personal use. Thus, innovation is set to bring in
ample growth opportunities for the manufacturers.
Some of
the key players operating in the global vital signs monitoring devices market
are, Nonin Medical Inc., Welch Allyn (a subsidiary of Hill-Rom Holdings, Inc.),
General Electric Company, SunTech Medical, Inc. (a subsidiary of Halma plc),
Masimo Corporation, Nihon Kohden Corporation, Koninklijke Philips N.V, A&D
Company, Smiths Group plc., Limited and Contec Medical Systems Co., Ltd.
Key Findings of the Research
Study:
·
Blood pressure monitoring devices segment
accounted for over half of the overall market in 2016, due to rising incidence
of chronic diseases such as hypertension and
cardiovascular diseases.
·
Digital
BP monitors segment held over one-third share of the blood pressure monitoring
devices market in 2016 whereas the ambulatory BP monitoring segment is expected
to witness fastest growth with high single-digit growth rate during the
forecast period.
·
Digital
thermometers segment held a major share of the temperature monitoring devices
market in 2016 whereas infrared thermometers segment is expected to exhibit
fastest growth with medium single-digit growth rate over the forecast period.
·
North
America held over two-fifth share of the global vital signs monitoring devices
market in 2016 owing to high prevalence of chronic diseases in the region along
with the presence of advanced healthcare infrastructure.
·
Asia-Pacific market is expected to witness
fastest growth during the forecast period owing to increased disposable income
of the population along with presence of high unmet medical needs.
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Vital Signs Monitoring Devices
Market Segmentation:
By
Product:
- Blood Pressure Monitoring Devices
o
Blood Pressure Instrument
Accessories
o
Digital BP Monitors
o
Ambulatory BP Monitors
o
Aneroid BP Monitors
- Pulse Oximeters
o
Pediatric Pulse Oximeters
o
Hand-held Pulse Oximeters
o
Fingertip Pulse Oximeters
o
Table-top/Bedside Pulse Oximeters
o
Wrist-worn Pulse Oximeters
- Temperature Monitoring Devices
o
Infrared Thermometers
o
Temperature Strips
o
Digital Thermometers
By
End User:
- Home Care Settings
- Hospitals & Clinics
- Ambulatory Surgery Centers (ASCs)
By Region:
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest
of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South
Korea
o Rest
of Asia Pacific
- Rest of the World
o Brazil
o South
Africa
o Saudi
Arabia
o United
Arab Emirates
o Others
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Related Reports:
Patient
Monitoring Devices Market by Product - Global Industry Analysis and Forecast to
2025: https://www.crystalmarketresearch.com/report/patient-monitoring-devices-market
Blood
Pressure Monitoring Devices Market by Product - Global Industry Analysis and
Forecast to 2025: https://www.crystalmarketresearch.com/report/blood-pressure-monitoring-devices-market
About Crystal
Market Research
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and business intelligence company. Crystal offers one stop solution for market
research, business intelligence, and consulting services to help clients make
more informed decisions. It provides both syndicated as well as customized
research studies for its customers spread across the globe. The company offers
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healthcare, chemicals & materials, technology, automotive, and energy.
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