Vital Signs Monitoring Devices Market Worth $18.8 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, May 19, 2022 /PRNewswire/ -- The global vital signs monitoring devices market size is anticipated to reach USD 18.8 billion by 2030, according to the new report of Grand View Research, Inc., expanding at a CAGR of 9.3% over the forecast period. The growing prevalence of lifestyle-associated chronic conditions and rising demand for advanced monitoring devices in developing countries, such as China, India, Thailand, and Brazil, are the major factors driving the market growth.

Key Insights & Findings from the report:

• By product, BP monitors held the largest market share in 2021 and are expected to grow at a lucrative CAGR from 2022 to 2030.
• The hospital end-use segment dominated the market in 2021 and is expected to continue its dominance throughout the forecast period owing to the high demand for advanced devices.
• North America dominated the global market in 2021. The presence of major market players and high adoption rates of advanced technologies are the key factors attributed to the segment growth.
• The industry is highly competitive. Various manufacturers are focusing on new product launches, technological innovations, collaborations, and regional expansion as major strategic initiatives.

Read 111-page market research report, "Vital Signs Monitoring Devices Market Size, Share & Trends Analysis Report By Product (BP Monitors, Pulse Oximeters), By End Use (Hospitals, Home Healthcare), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Vital Signs Monitoring Devices Market Growth & Trends

The availability of monitoring systems at competitive prices and increasing disposable income are also expected to fuel the market growth during the forecast period. The introduction of advanced, integrated vital signs monitoring solutions and the growing trend of using these devices in home healthcare settings & all-time wearable devices for chronic patients will support the market growth.

Blood pressure monitors are the largest product segment due to the increasing incidence of hypertension and the high demand for BP monitors designed for personal use. The hospital end-use segment dominated the market in 2021 due to the factors, such as the huge patient pool, financing capability, and the requirement for vital signs monitors in bulk in hospitals. The product demand escalated drastically in 2020 due to the outbreak of COVID-19 as a daily measurement of the vital signs was the crucial parameter to be looked for in identifying the presence of the virus. These devices can also provide facility-based surveillance for healthcare-associated infections, including infections in healthcare workers and inpatients, which is one of the vital components of the COVID-19 infection prevention and control measures. The product usage for in-home settings also saw a surge with respect to maintaining patient and provider safety while also allowing real-time access to vital signs via Cloud Portals.

Vital Signs Monitoring Devices Market Segmentation

Grand View Research has segmented the global vital signs monitoring devices market on the basis of product, end use, and region:

Vital Signs Monitoring Devices Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

• Blood Pressure Monitors
• Mercury Blood Pressure Monitors
• Aneroid Blood Pressure Monitors
• Digital Blood Pressure Monitors
• Ambulatory Blood Pressure Monitors
• Blood Pressure Instrument Accessories
• Pulse Oximeters
• Table-Top/Bedside Pulse Oximeters
• Fingertip Pulse Oximeters
• Hand-Held Pulse Oximeters
• Wrist-Worn Pulse Oximeters
• Pediatric Pulse Oximeters
• Pulse Oximeter Accessories
• Temperature Monitoring Devices
• Mercury-filled Thermometers
• Digital Thermometers
• Infrared Thermometers
• Liquid Crystal Thermometer
• Temperature Monitoring Device Accessories
• Other Vital Sign Monitors

Vital Signs Monitoring Devices Market - End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Physician's Office
• Home Healthcare
• Ambulatory Centers
• Emergency Care Centers
• Other Healthcare Settings

Vital Signs Monitoring Devices Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• Latin America
• Mexico
• Brazil
• MEA
• South Africa
• Saudi Arabia

List of Key Players of Vital Signs Monitoring Devices Market

• Koninklijke Philips N.V.
• Medtronic
• Nihon Kohden Corp.
• GE Healthcare
• Masimo
• Omron Healthcare
• Contec Medical Systems Co. Ltd.
• A&D Company Ltd.
• Nonin Medical, Inc.
• SunTech Medical, Inc.

Check out more related studies published by Grand View Research:

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• Intracranial Pressure Monitoring Devices Market - The global intracranial pressure monitoring devices market size is anticipated to reach USD 2.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2022 to 2030. The primary driving factors for market growth are increasing adoption of minimally invasive surgeries, high demand in trauma care, and technological advancements. The COVID-19 pandemic is expected to have a short-term and moderate impact on the market.
• Blood Pressure Monitoring Devices Market - The global blood pressure monitoring devices market size is expected to reach USD 3.24 billion by 2028, according to a new report by Grand View Research. It is expected to expand at a CAGR of 11.2% from 2021 to 2028. The growing geriatric population across the globe is expected to widen the target consumers by triggering incidence rates of hypertension, which is expected to drive the demand for blood pressure monitoring devices.

Browse through Grand View Research's Medical Devices Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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