Vital Signs Monitoring market size was around USD 4.37 billion in 2018. It is expected to grow at a CAGR of 6.7% to reach USD 6.04 billion by 2023.
Vital signs monitoring devices have evolved rapidly in the previous decade. Vital signs are used for measuring the degree of human health. Parameters used for measurement are pulse rate, respiratory rate, body temperature, and blood pressure. They help in early diagnosis of a chronic disease.
Market entry of a lot of innovative products, paradigm shift towards home healthcare services, and increasing instances of chronic diseases are the primary drivers of market growth. Augmenting geriatric population, greater market penetration of insurance companies, and medical tourism on the rise in the emerging economies are the secondary factors driving the growth of this market.
The market is segmented by product and end user. By product the market is categorized into BP monitoring devices, Pulse-oximeters, and Temperature monitoring devices. By end user the market is categorized into Hospitals, Physician’s Office, Home Healthcare, Ambulatory Centres, Emergency Care Centres, and Other Healthcare Settings. Pulse oximeters are the market leader by product and are expected to remain so in the aforementioned forecast period. Increasing demand in emergency medical care is the reason behind this trend. By end user hospitals segment captured the largest market share.
By geography the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America is the largest regional market. Augmenting geriatric population, increasing cases of interminable disorders etc. are the reasons attributable to the observable trend mentioned above. Europe accounted for the second largest market share. Increasing death rate and rising demand for cost effective treatment are the reasons behind this trend. Asia Pacific is anticipated to be the fastest growing market in the aforementioned forecast period. Extensive unmet needs especially primary healthcare the reasons behind this. Furthermore, increased medical tourism in this region is attracting a lot of market players for investment in this part of the world.
Key players in the market are Koninklijke Philips N.V., Medtronic, Nihon Kohden Corporation, GE Healthcare, Masimo, Omron Healthcare. Other players in the market include Contec Medical Systems Co. Ltd, A&D Company Ltd., Nonin Medical Inc., and SunTech Medical, Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 BP monitoring devices
5.1.2.1 Aneroid BP monitors
5.1.2.2 Automated BP monitors
5.1.3 Pulse-oximeters
5.1.3.1 Tabletop/bedside pulse-oximeters
5.1.3.2 Fingertip
5.1.3.3 Handheld
5.1.3.4 Wrist worn
5.1.3.5 Pediatric pulse-oximeters
5.1.4 Temperature monitoring devices
5.1.4.1 Mercury-filled thermometers
5.1.4.2 Digital thermometers
5.1.4.3 Infrared thermometers
5.1.4.4 Temperature strips
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 End User
5.2.1 Introduction
5.2.2 Hospitals
5.2.3 Physician’s Office
5.2.4 Home Healthcare
5.2.5 Ambulatory Centers
5.2.6 Emergency Care Centers
5.2.7 Other Healthcare Settings
5.2.8 Y-o-Y Growth Analysis, By End User
5.2.9 Market Attractiveness Analysis, By End User
5.2.10 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 A&D Medical
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Contec Medical Systems
8.3 Covidien PLC
8.4 GE Healthcare
8.5 Hicks Thermometers (India) Limited
8.6 Masimo Corporation
8.7 Mindray
8.8 Nihon Kohden
8.9 Nonin Medical
8.10 Omron Healthcare, INC
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
