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Vital Signs Monitoring Devices Market - By Product {Blood Pressure Monitoring, Pulse Oximeters (Fingertip Pulse Oximeters), Temperature Monitoring Devices}, By End-use (Hospitals and Clinics, Homecare), By Region, Market Forecast, 2023 – 2032

  • Report ID: GMI5453
  • Published Date: Mar 2023
  • Report Format: PDF

Vital Signs Monitoring Devices Market Size

Vital Signs Monitoring Devices Market size was worth more than USD 5.2 billion in 2022 and is projected to exhibit 7.8% CAGR from 2023-2032. Growing threat of chronic diseases worldwide is expected to favor the market expansion.
 

Vital Signs Monitoring Devices Market

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The burgeoning patient population driven by the growing burden of several chronic health conditions, specifically cardiac diseases and diabetes will positively influence the vital signs monitoring devices industry progress. The World Health Organization (WHO) estimates that around 17.9 million people die of cardiovascular diseases annually, with 85% responsible for deaths due to heart attacks. The rising popularity of sedentary lifestyles and the paradigm shift towards unhealthy dietary habits, including excessive consumption of smoking and alcohol is accelerating the surge in the number of cardiovascular disorders, further stimulating the market share.  
 

Robust presence of strict regulatory frameworks to impede product adoption

A large number of regulatory authorities across the developed and developing economies have imposed several rules and regulations on device manufacturers and developers. Hence, the influx of stringent regulatory frameworks is likely to restrict the vital signs monitoring devices industry expansion to a considerable extent. Furthermore, the introduction of these regulations is limiting the entry of new players into the market, negatively impacting the market trends.
 

Vital Signs Monitoring Devices Market Analysis

Global Vital Signs Monitoring Devices Market Share, By Product
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Based on product, the vital signs monitoring devices market size from pulse oximeters is expected to record 8% CAGR from 2023-2032 due to the growing need for quick and easy as well as portable non-invasive devices.  Pulse oximeters are medical devices that are used for the early detection of declining oxygen levels as they help measure the SpO2 (oxygen saturation level) in a person's blood. The rising importance of anesthesia safety across the U.S. and the growing number of technological innovations are accelerating the widespread use of pulse oximetry worldwide, subsequently anchoring the industry development.
 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for vital signs monitoring devices had reached over USD 5.2 billion in 2022 and will exhibit 7.8% CAGR from 2023-2032.
Ambulatory surgical centers was worth more than USD 1.5 billion in 2022 due to the presence of advanced facilities.
Vital signs monitoring devices market size in North America will surpass USD 4 billion by 2032 due to the rapid adoption rate of pulse oximeters.
Masimo Corporation, SunTech Medical, Inc, Koninklijke Philips N.V, Nihon Kohden Corporation, General Electric Company, and A&D Company Ltd., are a few well-known vital signs monitoring devices industry players.

Vital Signs Monitoring Devices Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 398
  • Countries covered: 27
  • Pages: 342
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