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Vital Signs Monitoring Devices Market size to exceed $10.4Bn by 2032

  • Published Date: March 27, 2023

Vital Signs Monitoring Devices Market size is anticipated to grow over USD 10.4 billion by 2032, as per a new research report announced by Global Market Insights Inc.

The swiftly increasing healthcare expenditure, mainly across the emerging countries along with the higher deployment of innovative technologies in treatment facilities will add positive impetus to the vital signs monitoring devices industry outlook. The rising household incomes in countries, such as the U.K., the U.S. and Canada has stirred the higher consumer spending on advanced devices, adding to the increased adoption of wearable medical devices.  The increasing focus of physicians on improving healthcare access and optimizing procedural time whilst reducing the overall treatment costs will also drive the demand for vital signs monitoring devices.

Increasing usage of temperature monitoring devices in medical settings to influence industry

Vital signs monitoring devices market revenue from temperature monitoring devices to cross USD 1.7 billion by 2032 due to their rising importance in healthcare, hospitals, and clinics for controlling and regulating the temperature of specific environments. These devices provide quick and non-invasive temperature readings and are hence increasingly deployed for individuals or children that have sensitivity to contact. The rising adoption of infrared thermometers to cater to the thriving need to measure body temperature across medical settings, including hospitals and clinics will also drive the market expansion.

Browse key industry insights spread across 342 pages with 382 market data tables & 16 figures & charts from the report, Vital Signs Monitoring Devices Market Size By Product (Blood Pressure Monitoring {Aneroid Blood Pressure Monitors, Digital Blood Pressure Monitor, Blood Pressure Instrument Accessories}, Pulse Oximeters {Fingertip Pulse Oximeters, Hand-held Pulse Oximeters, Wrist-worn Pulse Oximeters, Table-top/Bedside Pulse Oximeters, Pulse Oximeter Accessories}, Temperature Monitoring Devices {Mercury Filled Thermometers, Digital Thermometers, Infrared Thermometers, Temperature Monitoring Device Accessories}, By End-use (Hospitals and Clinics, Homecare, Ambulatory Surgery Centers), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032 in detail along with the table of contents:

Rising patient inclination for surgeries in hospitals and clinics to enhance product adoption

Vital signs monitoring devices market from hospitals and clinics accounted for more than 19% share in 2022 driven by the strong presence of highly skilled healthcare professionals. The influx of several new vital signs monitoring devices in hospitals for providing enhanced outcomes has amplified the patient preference for these healthcare settings. There has been a significant rise in the development for screening initiatives in clinics. The growing number of hospital admissions by patients affected with chronic disorders and to treat heart and orthopaedic ailments will outline the market  landscape.

Rising burden of cardiovascular diseases to drive vital signs monitoring devices progress in Europe

Europe vital signs monitoring devices market is likely to  hit USD 2.6 billion by 2032. The growth can be mainly attributed to the rising number of investments for the progression of technologically superior products. The growing adoption of sedentary lifestyles has led to the rising number of people affected with cardiovascular diseases in the region. Hence, the increasing count of surgical procedures and the thriving preference for advanced treatment will anchor the product demand in the region.

Innovations and developments to add competitive edge to vital signs monitoring devices industry expansion

Some of the leading firms in the vital signs monitoring devices industry include Masimo Corporation, SunTech Medical, Inc, Koninklijke Philips N.V, Nihon Kohden Corporation, General Electric Company, A&D Company Ltd., Dr Trust, Omron Healthcare, Medtronic plc, Smiths Group Plc, Contec Medical Systems Co. Ltd, Nonin Medical Inc.

Authors: Rupali Swain, Subodh Kharad