Vital Signs Monitoring Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Vital Signs Monitoring Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global vital signs monitoring devices market size reached US$ 5.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.

Vital signs monitoring devices refer to various medical equipment used for monitoring a patient's vital signs. This includes blood pressure monitoring devices, pulse oximeters and temperature monitoring devices that are used for observing various vital signs, such as blood pressure, body temperature, pulse rate and respiratory rate. These devices are portable, small-sized, reliable and can be set up in a medical setting, residential complexes and at the site of a medical emergency. They can also be used for monitoring activity and fitness levels for self-health tracking and early diagnosis of medical ailments.

The increasing prevalence of chronic and lifestyle-associated medical ailments across the globe is one of the key factors driving the growth of the market. Furthermore, growing geriatric population and increasing awareness regarding home monitoring devices are also providing a boost to the market growth. As at-home vital signs monitoring devices are cost-effective, easy-to-use and can measure various physiological parameters of the body using multi-parameter patient monitors, it is contributing to their rising demand. Apart from this, the onset of COVID-19 (coronavirus disease) has led to a significant increase in the demand of these devices to determine the patient’s health status, provide them with appropriate care and predict recovery. Additionally, various technological advancements, such as the integration of health monitoring devices with bluetooth, sensors and micro-electric technologies, are also creating a positive outlook for the market. Other factors, including improvements in the healthcare infrastructure and the increasing adoption of wearable healthcare devices, are expected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vital signs monitoring devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end-user.

Breakup by Product Type:

BP Monitoring Devices

Aneroid BP Monitors
Automated BP Monitors


Pulse-Oximeters

Tabletop/Bedside Pulse-Oximeters
Fingertip
Handheld
Wrist Worn
Pediatric Pulse-Oximeters


Temperature Monitoring Devices

Mercury-Filled Thermometers
Digital Thermometers
Infrared Thermometers
Temperature Strips


Others


Breakup by End-User:

Hospitals and Clinics
Ambulatory Surgery Centers (ASCs)
Home Care
Others


Breakup by Region:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being A&D Company Ltd., Contec Medical Systems Co. Ltd., GE Healthcare, Koninklijke Philips N.V., Masimo, Medtronic, Nihon Kohden Corporation, Nonin Medical Inc., Omron Healthcare Inc., Smiths Group Plc, etc.

Key Questions Answered in This Report:

What was the size of the global vital signs monitoring devices market in 2022?
What is the expected growth rate of the global vital signs monitoring devices market during 2023-2028?
What are the key factors driving the global vital signs monitoring devices market?
What has been the impact of COVID-19 on the global vital signs monitoring devices market?
What is the breakup of the global vital signs monitoring devices market based on the product type?
What is the breakup of the global vital signs monitoring devices market based on the end-user?
What are the key regions in the global vital signs monitoring devices market?
Who are the key players/companies in the global vital signs monitoring devices market?