Vital Sign Monitoring Devices Market
Growth Factors of Vital Sign Monitoring Devices Market
The vital sign monitoring devices market size was valued at USD 5.51 billion in 2023, and the market is now projected to grow from USD 5.87 billion in 2024 to USD 10.47 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period of 2024-2032.
The COVID-19 pandemic boosted the global market for vital signs monitoring devices like pulse oximeters, thermometers, and blood strain video display units due to heightened demand. Strict tips for temperature testing in healthcare centers similarly drove this call for. As a result, most important industry players saw massive sales growth during the pandemic. This surge in call for undoubtedly impacted the general market.
The rising incidence of chronic situations like cardiovascular problems, diabetes, and breathing troubles is linked to sedentary existence and terrible diets. Increased binge ingesting and shortage of bodily activity contribute to high blood pressure, obesity, and other persistent sicknesses. This developing trend is driving a better incidence of non-communicable sicknesses globally. The giant adoption of bad behavior continues to exacerbate those health challenges.
The increasing occurrence of persistent situations like cardiovascular issues and diabetes is driven by using sedentary life and poor diets. Unhealthy conduct along with binge eating and absence of physical activity make contributions to weight problems and different diseases. This trend is fueling a worldwide upward thrust in non-communicable diseases. The persevered adoption of those lifestyles worsens the health crisis.
Comprehensive Analysis of Vital Sign Monitoring Devices Market
The vital sign monitoring devices market growth is rising at an exponential rate due to its market segmentation. This market expansion correctly offers a detailed nearby assessment considering the dominant supply and demand forces that impact the enterprise. These segmentations are methodically segregated by type analysis and by end user analysis. By Type Analysis includes pulse oximeters, temperature monitors, and blood pressure monitors. By end user analysis includes hospitals & ASCs, clinics, homecare settings, and others.
The North America region lead the vital sign monitoring devices market share by benefitting a market size of USD 2.34 billion in 2023 due to growing healthcare infrastructure and expenditure.
The top players in the market are strategically aligned with the healthcare industry to effectively ensure the industrial prospectus growth along with the market benchmark setting. These players include, Masimo, OMRON HEALTHCARE Co. Ltd., Medtronic, Koninklijke Philips N.V., GE Healthcare, Contec Medical Systems Co. Ltd., Nonin, SunTech Medical, Inc. these market players provide a level-playing competitive landscape.
In April 2024, GE Healthcare got the nod from the U. S. FDA on its Portrait VSM vital signs monitor that allows clinicians to capture real-time vital signs for early clinical intervention.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.5% from 2024-2032
Unit Value (USD billion)
Segmentation By Type
- Pulse Oximeters
- Fingertip Pulse Oximeters
- Hand-held Pulse Oximeters
- Table-top Pulse Oximeters
- Others
- Temperature Monitors
- Analog Temperature Monitoring Devices
- Digital Temperature Monitoring Devices
- Blood Pressure Monitors
- Devices
- Sphygmomanometer
- Digital BP Monitors
- Ambulatory BP Monitors
- Accessories
- Blood Pressure Cuffs
- Transducers
- Others
By End User
- Hospitals and ASCs
- Clinics
- Homecare Settings
- Others
By Region
- North America (By Type, By End User, By Country)
- U.S.
- Canada
- Europe (By Type, By End User, By Country/Sub-region)
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific (By Type, By End User, By Country/Sub-region)
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Latin America (By Type, By End User, By Country/Sub-region)
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (By Type, By End User, By Country/Sub-region)
- GCC
- South Africa
- Rest of Middle East & Africa
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