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PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1218343

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PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1218343

U.S. Vital Signs Monitoring Devices Market - Industry Outlook & Forecast 2023-2028

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The U.S. vital signs monitoring devices market size is expected to grow at a CAGR of approximately 7.62% from 2022 to 2028.

Vital signs are important in detecting or monitoring medical problems/ailments. The four major vital signs healthcare professional monitors are heart rate/cardiac, body temperature, pulse rate, and blood pressure. These signs can easily be monitored in medical settings, at home, or in other places. Vital signs provide critical information about a patient's health to identify acute medical problems, indicate chronic disease state, and understand how the body copes with physiological stress. The normal ranges of the four major vital signs (body temperature, blood pressure, pulse, and breathing rate) vary with age, gender, weight, as well as the overall health of the person.

On the other hand, the COVID-19 pandemic has brought significant challenges to the entire healthcare industry and impacted the growth of the U.S. vital signs monitoring devices market. This has accelerated the adoption of vital signs monitoring devices in the patient population and end-user. Similarly, most people are opting for home precautions with the help of temperature monitoring devices to measure their body temperature amid the pandemic. Also, amid COVID-19, vital signs monitoring devices, such as standalone or wearable devices, have gained significant traction in clinical trial studies over patients and support providers with systematic, real-time information.

Vital signs patient monitors are used to monitor patients' vital signs in emergency care settings and for continuous management of chronic diseases. There is rising demand for various vital signs monitoring devices to treat this increasing patient population. As the demand for these devices has increased, vendors are constantly focusing on increasing their production capacity to meet the increasing demand and provide quality care to patients in the U.S. vital signs monitoring devices market. Further, patients' vital signs monitors are the most required products, along with portable ventilators and medical consumables for non-invasive and invasive ventilation to treat a broad range of respiratory conditions.

Also, the increased awareness of telemedicine is anticipated to drive the U.S. vital signs monitoring devices market during the forecast period. Further, the increase in demand for technologically advanced products due to benefits over traditional ones is anticipated to fuel the growth of the US vital signs monitoring devices market. Companies are investing in the development of advanced products to improve treatment.

MARKET TRENDS & DRIVERS

Increasing Need for wireless Patient Monitoring at Home

Over the past few years, home patient monitoring has become a standard of care among adult patients who require a long-term alternative to hospital-based care. The trend toward using a wireless patient monitoring system to monitor vital signs continues to grow. Among the many benefits being brought to the healthcare service by wireless patient monitoring is the facility to escalate home care for both chronic and acute conditions. Various pandemic-related factors have created an opportunity to integrate care at home. The emergence of new technologies and capabilities makes taking care of one at home possible.

Advances in Remote Patient Monitoring (RPM)

The COVID-19 pandemic has accelerated this trend by highlighting the need and value of RPM. RPM has caught the attention of many medical professionals. More recently, IoT-enabled monitoring devices have added even more functionality to RPM. Physicians using IoT-enabled RPM systems benefit more from their patients. By combining AI with the Internet of Things (IoT) and RPM, healthcare organizations and practitioners can better serve their patients and provide opportunities for improved healthcare outcomes.

Upcoming Technologies in Vital Sign Monitoring

IoT technologies have penetrated several healthcare fields, from follow-up to rehabilitation therapies, personal monitoring of daily activities, reminders of medical appointments and medication intakes, and remote monitoring of patient's vital signs. Recently, advances in sensors and mobile devices have led to the development of wearable vital signs monitoring devices that connect with smartphones. This help to analyze the data obtained from people who use them to monitor their health, suggest improvements, and even predict hidden diseases through intelligent algorithms applied to the data sensed from devices such as Bracelets and smartwatches. Through medical IoT technology, physicians or caregivers responsible for patients' health can remotely know, in real-time, the physical condition of people.

Rise of Virtual Clinical Trials

In remote and decentralized trials, collecting this data directly from patients at home is critical. As known during the pandemic, the monitoring activity at clinical sites has been strongly impacted and revolutionized. Virtual clinical trials (VCT) rely on technologies such as apps, web-based platforms, wearable devices, and remote monitoring. Decentralized clinical trials (DCTs) are being increasingly implemented and have gained more attention due to the COVID-19 pandemic.

Rising Prevalence of Chronic Disorders Augmenting the Need for Continuous Monitoring

Chronic diseases have significant health and economic costs in the U.S. Around 90% of the nation's USD 4.1 trillion annual healthcare expenditures are for people with chronic and mental health conditions. Seventy-one percent of U.S. healthcare spending goes to treating people with multiple chronic conditions. As the American workforce grows and ages, so do its health needs. Addressing employee health is no longer an option; it's a priority. As healthcare costs continue to rise, organizations are taking bigger steps to ensure the sustainability of their business and the growing need to manage both people and profit effectively.

Chronic disease management and home health initiatives can reduce care costs and promote better patient outcomes. A crucial tool in these programs-remote patient monitoring is helping one academic medical center succeed in these efforts.

Growing Preference for Integrated Vital Signs Monitors

In recent years, it has become much more common to find continuous, low-acuity monitoring at the bedside to proactively manage patients at risk of adverse events in which spot-checks may miss important markers. It is observed that there is a high requirement for integrated vital signs monitors outside hospitals. For instance, in the ambulance, the multi-parameter monitors need to continuously monitor the vital sign of the patient during emergency transport. The increased demand for integrated vital signs monitors with remote monitoring platforms encourages vendors to develop and commercialize such devices catering to end-user requirements.

Manufacturers' Increasing Focus on Developing Software & Apps for Vital Signs Monitoring

Manufacturers are focusing on developing software solutions as there is an increasing focus on automated documentation-that is, the electronic transfer of data from the vital signs monitor to the hospital's electronic medical record (EMR) system. This can reduce some of the potential for errors resulting from manual documentation of patient data. Some vital signs monitor vendors to provide specialized connectivity solutions/software that accomplish this. At the same time, some of these solutions are specific to the vendor's vital signs monitors and may be compatible with vital signs monitors from multiple vendors.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT

The U.S. vital signs monitoring devices market by product is segmented into standalone and integrated vital signs monitoring devices. The standalone segment accounted for 63.52% in 2022, followed by the integrated segment. Standalone vital signs monitoring devices include blood pressure, body temperature, pulse oximeters, and heart rate/cardiac monitors. These devices measure blood pressure, temperature, saturated oxygen levels, and pulse rates. Standalone vital sign monitors are easy to transfer from one location to another. They are typically lightweight and compact, making it easy to keep tabs on a given patient's vital signs wherever they are. The standalone segment further comprises heart rate/cardiac monitors, pulse oximeters, blood pressure monitors, and body temperature monitors. Under which the heart rate/cardiac monitors segment accounted for the major market share of 61.93%.

Segmentation by Product

  • Standalone Vital Sign Monitoring Devices
    • Heart Rate/Cardiac Monitors
    • Pulse Oximeters
    • Blood Pressure Monitors
    • Body Temperature Monitors
  • Integrated Vital Sign Monitoring Devices

INSIGHTS BY PATIENT GROUP

The geriatric patient group segment accounted for 53.23% of the U.S. vital signs monitoring devices market share and dominated the patient group segment. With the rising elderly population, there is a surge in various chronic disease prevalence rates. Also, it has been reported that the major chronic illnesses that burden the country's aging population include hypertension, high cholesterol, arthritis, diabetes, heart disease, cancer, and dementia. Vital signs of this aging population need to be monitored on time to provide them with high-quality care and avoid fatal conditions, enhancing market growth.

The pediatric patient group in the U.S. vital signs monitoring devices market is growing quickly and is likely to grow at a CAGR of 8.10% during the projected period. Infectious diseases have been significantly reduced, and child survival rates for cancer, congenital heart disease, leukemia, etc., have greatly improved. However, over the past few years, there has been a steady increase in chronic health conditions and disabilities in children and adolescents, primarily in four common disorders, including asthma, obesity, psychiatric disorders, and neurodevelopmental disorders. This has increased the demand for vital signs monitoring devices to support these pediatric patient populations and provide them with high-quality care.

Segmentation by Patient Group

  • Geriatric Patient Group
  • Adult Patient Group
  • Pediatric Patient Group

INSIGHTS BY APPLICATION

The U.S. vital signs monitoring devices market is segmented into chronic care and acute care by application, and in 2022, the chronic care segment dominated the segment accounting for 73.62%. Chronic diseases are physical or mental illnesses such as hypertension, diabetes, cardiovascular disease, obesity, and stroke. These diseases represent the most health risks and are responsible for over two-thirds of deaths in the U.S. There is an increasing need to develop vital signs monitoring solutions to manage chronic diseases. Such systems or solutions are used for continuous monitoring, diagnosis, prognosis, and treatment. Hence, they help to reduce healthcare costs and allow patients to go about smoothly with their daily lives while their vital signs are fully monitored.

Segmentation by Application

  • Chronic Care
  • Acute Care

INSIGHTS BY END-USER

The U.S. vital signs monitoring devices market is segmented into hospitals, ambulatory care settings, home care settings & individuals, and others by end-user. The hospital's segment accounted for the largest share of the end-user segment in 2022. Vital signs are essential to monitoring adult or child patients' progress during hospitalization, as they allow for prompt detection of delayed recovery or adverse events. Vital signs are measured to obtain the basic parameters of a patient's health status. The most common intervention in the hospital is the measurement of vital signs, which traditionally consist of blood pressure, temperature, pulse rate, and respiratory rate.

The ambulatory care setting segment in the U.S. vital signs monitoring devices market is growing at a CAGR of 8.57% during the forecast period. Ambulatory care centers are cost-effective and offer quality care with a minimal indirect cost of treatment. The requirement for vital signs monitors, especially integrated ones, is relatively less in ASCs than in hospitals as most procedures are daycare ones, and the patient stay is less. As bulky and fixed integrated patient monitors are relatively less, ambulatory care settings prefer portable and compact vital signs and standalone devices for monitoring patients' vital signs.

Segmentation by End-user

  • Hospitals
  • Homecare Settings & Individuals
  • Ambulatory Care Settings
  • Others

VENDOR LANDSCAPE

The U.S. vital signs monitoring devices market is highly competitive and consists of several major players. The industry is fragmented, with various global, local, and regional manufacturers. Owing to continuous technological advancements and product innovations, mid-sized and emerging vendors are increasing their market presence by introducing new products at competitive prices. Also, the market potential drives several players to expand their share through acquisitions. Many U.S. vital signs monitoring devices market vendors are adopting various strategies to increase their presence in many major markets.

A&D Company, Baxter, CONTEC MEDICAL SYSTEMS, GE Healthcare, ICU Medical, Koninklijke Philips, Masimo, Medtronic, NIHON KOHDEN, Nonin, OMRON, and OSI Systems are some of the major vendors offering a wide range of both standalone and integrated vital signs monitors in the U.S. vital signs monitoring devices market. However, many local vendors are providing products with similar specifications at lower prices, which has resulted in a price war among vendors. Major vendors continuously compete for the leading position in the market, with occasional competition from other local vendors.

Recent Vendor's Activities in the U.S. vital signs monitoring devices market

  • In January 2022, ICU Medical acquired Smiths Medical. The addition of vital care products expanded the business range of ICU Medical with a robust reach.
  • In December 2021, Baxter acquired Hillrom, a medical technology leader. Before that, in January 2021, Hillrom acquired Bardy Diagnostics, an innovator in digital health and a leading provider of ambulatory cardiac monitoring technologies.
  • In February 2021, Koninklijke Philips completed the acquisition of BioTelemetry. The acquisition of BioTelemetry is a strong fit with Philips' cardiac care portfolio. The combination results in the business expansion of patient care management solutions for the hospital and homes.

Key Company Profiles

  • A&D Company
  • Baxter
  • CONTEC MEDICAL SYSTEMS
  • GE Healthcare
  • ICU Medical
  • Koninklijke Philips
  • Masimo
  • Medtronic
  • NIHON KOHDEN
  • Nonin
  • OMRON
  • OSI Systems

Other Prominent Vendors

  • 100-Plus
  • Advanced Instrumentations
  • American Diagnostic
  • Bittium
  • Cardinal Health
  • Compass Health Brands
  • Dragerwerk AG & Co.
  • EDAN Instruments
  • FUKUDA DENSHI
  • Halma
  • Infinium Medical
  • Mennen Medical
  • Microlife
  • NURECA
  • Oxitone
  • Qardio
  • Rossmax International
  • Solaris Medical Technology
  • Sunset Healthcare Solutions
  • Viatom Technology
  • VitalConnect
  • VivaLNK
  • VYAIRE MEDICAL

KEY QUESTIONS ANSWERED

  • How big is the U.S. vital signs monitoring devices market?
  • What is the growth rate of the U.S. vital signs monitoring devices market?
  • What are the growing trends in the U.S. vital signs monitoring devices market?
  • Which product segment dominates the U.S. vital signs monitoring devices market?
  • Who are the key players in the U.S. vital signs monitoring devices market?
Product Code: ARZ230122

TABLE OF CONTENTS

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

  • 4.1 MARKET DEFINITION
    • 4.1.1 INCLUSIONS
    • 4.1.2 EXCLUSIONS
    • 4.1.3 MARKET ESTIMATION CAVEATS
  • 4.2 BASE YEAR
  • 4.3 SCOPE OF THE STUDY
    • 4.3.1 MARKET SEGMENTATION BY PRODUCT
    • 4.3.2 MARKET SEGMENTATION BY PATIENT GROUP
    • 4.3.3 MARKET SEGMENTATION BY APPLICATION
    • 4.3.4 MARKET SEGMENTATION BY END-USER
    • 4.3.5 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

  • 5.1 KEY CAVEATS
  • 5.2 CURRENCY CONVERSION
  • 5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

  • 7.1 MARKET OVERVIEW

8 INTRODUCTION

  • 8.1 OVERVIEW
    • 8.1.1 COVID-19 IMPACT
    • 8.1.2 REIMBURSEMENT SCENARIO FOR VITAL SIGNS MONITORS
    • 8.1.3 WEARABLE TECHNOLOGY IN VITAL SIGNS MONITORING DEVICES

9 MARKET OPPORTUNITIES & TRENDS

  • 9.1 INCREASING DEMAND FOR WIRELESS PATIENT MONITORING AT HOME
  • 9.2 RISE OF VIRTUAL CLINICAL TRIALS
  • 9.3 ADVANCES IN REMOTE PATIENT MONITORING TECHNOLOGY
  • 9.4 UPCOMING TECHNOLOGIES IN VITAL SIGNS MONITORING

10 MARKET GROWTH ENABLERS

  • 10.1 INCREASING PREVALENCE OF CHRONIC DISORDERS AUGMENTING CONTINUOUS MONITORING DEMAND
  • 10.2 ENCHANCEMENTS IN VITAL SIGNS MONITORS
  • 10.3 INCREASED PREFERENCE FOR INTEGRATED VITAL SIGNS MONITORS
  • 10.4 INCREASING FOCUS ON DEVELOPING SOFTWARE & APPS FOR VITAL SIGNS MONITORING BY MANUFACTURERS

11 MARKET RESTRAINTS

  • 11.1 CYBERSECURITY & RELATED LIMITATIONS WITH VITAL SIGNS MONITORS
  • 11.2 FALSE ALARMS & ALARM FATIGUE ASSOCIATED WITH VITAL SIGNS MONITORS
  • 11.3 INTENSE COMPETITION COUPLED WITH PRICING PRESSURES

12 MARKET LANDSCAPE

  • 12.1 MARKET OVERVIEW
  • 12.2 MARKET SIZE & FORECAST
    • 12.2.1 PRODUCT SEGMENTATION INSIGHTS
    • 12.2.2 PATIENT GROUP SEGMENTATION INSIGHTS
    • 12.2.3 APPLICATION SEGMENTATION INSIGHTS
    • 12.2.4 END-USER SEGMENTATION INSIGHTS
  • 12.3 FIVE FORCES ANALYSIS
    • 12.3.1 THREAT OF NEW ENTRANTS
    • 12.3.2 BARGAINING POWER OF SUPPLIERS
    • 12.3.3 BARGAINING POWER OF BUYERS
    • 12.3.4 THREAT OF SUBSTITUTES
    • 12.3.5 THREAT OF RIVALRY

13 PRODUCT

  • 13.1 MARKET SNAPSHOT & GROWTH ENGINE
  • 13.2 MARKET OVERVIEW
  • 13.3 STANDALONE VITAL SIGNS MONITORS
    • 13.3.1 MARKET OVERVIEW
    • 13.3.2 MARKET SIZE & FORECAST
    • 13.3.3 HEART RATE/CARDIAC MONITORS
    • 13.3.4 PULSE OXIMETERS: MARKET SIZE AND FORECAST
    • 13.3.5 BLOOD PRESSURE MONITORS: MARKET SIZE AND FORECAST
    • 13.3.6 BODY TEMPERATURE MONITORS
  • 13.4 INTEGRATED VITAL SIGNS MONITORS
    • 13.4.1 MARKET OVERVIEW
    • 13.4.2 MARKET SIZE & FORECAST

14 PATIENT GROUP

  • 14.1 MARKET SNAPSHOT & GROWTH ENGINE
  • 14.2 MARKET OVERVIEW
  • 14.3 GERIATRIC PATIENT GROUP
    • 14.3.1 MARKET OVERVIEW
    • 14.3.2 MARKET SIZE & FORECAST
  • 14.4 ADULT PATIENT GROUP
    • 14.4.1 MARKET OVERVIEW
    • 14.4.2 MARKET SIZE & FORECAST
  • 14.5 PEDIATRIC PATIENT GROUP
    • 14.5.1 MARKET OVERVIEW
    • 14.5.2 MARKET SIZE & FORECAST

15 APPLICATION

  • 15.1 MARKET SNAPSHOT & GROWTH ENGINE
  • 15.2 MARKET OVERVIEW
  • 15.3 CHRONIC CARE
    • 15.3.1 MARKET OVERVIEW
    • 15.3.2 MARKET SIZE & FORECAST
  • 15.4 ACUTE CARE
    • 15.4.1 MARKET OVERVIEW
    • 15.4.2 MARKET SIZE & FORECAST

16 END-USER

  • 16.1 MARKET SNAPSHOT & GROWTH ENGINE
  • 16.2 MARKET OVERVIEW
    • 16.2.1 KEY BUYING CRITERIA AND BUYING BEHAVIOR PATTERNS
  • 16.3 HOSPITALS
    • 16.3.1 MARKET OVERVIEW
    • 16.3.2 MARKET SIZE & FORECAST
  • 16.4 AMBULATORY CARE SETTINGS
    • 16.4.1 MARKET OVERVIEW
    • 16.4.2 MARKET SIZE & FORECAST
  • 16.5 HOMECARE SETTINGS & INDIVIDUALS
    • 16.5.1 MARKET OVERVIEW
    • 16.5.2 MARKET SIZE & FORECAST
  • 16.6 OTHERS
    • 16.6.1 MARKET OVERVIEW
    • 16.6.2 MARKET SIZE & FORECAST

17 COMPETITIVE LANDSCAPE

  • 17.1 COMPETITION OVERVIEW
    • 17.1.1 VENDORS RECENT ACTIVITIES: M&AS AND PRODUCT LAUNCHES
  • 17.2 MARKET SHARE ANALYSIS
    • 17.2.1 A&D COMPANY
    • 17.2.2 BAXTER
    • 17.2.3 CONTEC MEDICAL SYSTEMS
    • 17.2.4 GE HEALTHCARE
    • 17.2.5 ICU MEDICAL
    • 17.2.6 KONINKLIJKE PHILIPS
    • 17.2.7 MASIMO
    • 17.2.8 MEDTRONIC
    • 17.2.9 NIHON KOHDEN
    • 17.2.10 NONIN
    • 17.2.11 OMRON
    • 17.2.12 OSI SYSTEMS

18 KEY COMPANY PROFILES

  • 18.1 A&D COMPANY
    • 18.1.1 BUSINESS OVERVIEW
    • 18.1.2 PRODUCT OFFERINGS
    • 18.1.3 KEY STRATEGIES
    • 18.1.4 KEY STRENGTHS
    • 18.1.5 KEY OPPORTUNITIES
  • 18.2 BAXTER
    • 18.2.1 BUSINESS OVERVIEW
    • 18.2.2 PRODUCT OFFERINGS
    • 18.2.3 KEY STRATEGIES
    • 18.2.4 KEY STRENGTHS
    • 18.2.5 KEY OPPORTUNITIES
  • 18.3 CONTEC MEDICAL SYSTEMS
    • 18.3.1 BUSINESS OVERVIEW
    • 18.3.2 PRODUCT OFFERINGS
    • 18.3.3 KEY STRATEGIES
    • 18.3.4 KEY STRENGTHS
    • 18.3.5 KEY OPPORTUNITIES
  • 18.4 GE HEALTHCARE
    • 18.4.1 BUSINESS OVERVIEW
    • 18.4.2 PRODUCT OFFERINGS
    • 18.4.3 KEY STRATEGIES
    • 18.4.4 KEY STRENGTHS
    • 18.4.5 KEY OPPORTUNITIES
  • 18.5 ICU MEDICAL
    • 18.5.1 BUSINESS OVERVIEW
    • 18.5.2 PRODUCT OFFERINGS
    • 18.5.3 KEY STRATEGIES
    • 18.5.4 KEY STRENGTHS
    • 18.5.5 KEY OPPORTUNITIES
  • 18.6 KONINKLIJKE PHILIPS
    • 18.6.1 BUSINESS OVERVIEW
    • 18.6.2 PRODUCT OFFERINGS
    • 18.6.3 KEY STRATEGIES
    • 18.6.4 KEY STRENGTHS
    • 18.6.5 KEY OPPORTUNITIES
  • 18.7 MASIMO
    • 18.7.1 BUSINESS OVERVIEW
    • 18.7.2 PRODUCT OFFERINGS
    • 18.7.3 KEY STRATEGIES
    • 18.7.4 KEY STRENGTHS
    • 18.7.5 KEY OPPORTUNITIES
  • 18.8 MEDTRONIC
    • 18.8.1 BUSINESS OVERVIEW
    • 18.8.2 PRODUCT OFFERINGS
    • 18.8.3 KEY STRATEGIES
    • 18.8.4 KEY STRENGTHS
    • 18.8.5 KEY OPPORTUNITIES
  • 18.9 NIHON KOHDEN
    • 18.9.1 BUSINESS OVERVIEW
    • 18.9.2 PRODUCT OFFERINGS
    • 18.9.3 KEY STRATEGIES
    • 18.9.4 KEY STRENGTHS
    • 18.9.5 KEY OPPORTUNITIES
  • 18.10 NONIN
    • 18.10.1 BUSINESS OVERVIEW
    • 18.10.2 PRODUCT OFFERINGS
    • 18.10.3 KEY STRATEGIES
    • 18.10.4 KEY STRENGTHS
    • 18.10.5 KEY OPPORTUNITIES
  • 18.11 OMRON
    • 18.11.1 BUSINESS OVERVIEW
    • 18.11.2 PRODUCT OFFERINGS
    • 18.11.3 KEY STRATEGIES
    • 18.11.4 KEY STRENGTHS
    • 18.11.5 KEY OPPORTUNITIES
  • 18.12 OSI SYSTEMS
    • 18.12.1 BUSINESS OVERVIEW
    • 18.12.2 PRODUCT OFFERINGS
    • 18.12.3 KEY STRATEGIES
    • 18.12.4 KEY STRENGTHS
    • 18.12.5 KEY OPPORTUNITIES

19 OTHER PROMINENT VENDORS

  • 19.1 100-PLUS
    • 19.1.1 BUSINESS OVERVIEW
    • 19.1.2 PRODUCT OFFERINGS
  • 19.2 ADVANCED INSTRUMENTATIONS
    • 19.2.1 BUSINESS OVERVIEW
    • 19.2.2 PRODUCT OFFERINGS
  • 19.3 AMERICAN DIAGNOSTIC
    • 19.3.1 BUSINESS OVERVIEW
    • 19.3.2 PRODUCT OFFERINGS
  • 19.4 BITTIUM
    • 19.4.1 BUSINESS OVERVIEW
    • 19.4.2 PRODUCT OFFERINGS
  • 19.5 CARDINAL HEALTH
    • 19.5.1 BUSINESS OVERVIEW
    • 19.5.2 PRODUCT OFFERINGS
  • 19.6 COMPASS HEALTH BRANDS
    • 19.6.1 BUSINESS OVERVIEW
    • 19.6.2 PRODUCT OFFERINGS
  • 19.7 DRAGERWERK AG & CO.
    • 19.7.1 BUSINESS OVERVIEW
    • 19.7.2 PRODUCT OFFERINGS
  • 19.8 EDAN INSTRUMENTS
    • 19.8.1 BUSINESS OVERVIEW
    • 19.8.2 PRODUCT OFFERINGS
  • 19.9 FUKUDA DENSHI
    • 19.9.1 BUSINESS OVERVIEW
    • 19.9.2 PRODUCT OFFERINGS
  • 19.1 HALMA
    • 19.10.1 BUSINESS OVERVIEW
    • 19.10.2 PRODUCT OFFERINGS
  • 19.11 INFINIUM MEDICAL
    • 19.11.1 BUSINESS OVERVIEW
    • 19.11.2 PRODUCT OFFERINGS
  • 19.12 MENNEN MEDICAL
    • 19.12.1 BUSINESS OVERVIEW
    • 19.12.2 PRODUCT OFFERINGS
  • 19.13 MICROLIFE
    • 19.13.1 BUSINESS OVERVIEW
    • 19.13.2 PRODUCT OFFERINGS
  • 19.14 NURECA
    • 19.14.1 BUSINESS OVERVIEW
    • 19.14.2 PRODUCT OFFERINGS
  • 19.15 OXITONE
    • 19.15.1 BUSINESS OVERVIEW
    • 19.15.2 PRODUCT OFFERINGS
  • 19.16 QARDIO
    • 19.16.1 BUSINESS OVERVIEW
    • 19.16.2 PRODUCT OFFERING
  • 19.17 ROSSMAX INTERNATIONAL
    • 19.17.1 BUSINESS OVERVIEW
    • 19.17.2 PRODUCT OFFERINGS
  • 19.18 SOLARIS MEDICAL TECHNOLOGY
    • 19.18.1 BUSINESS OVERVIEW
    • 19.18.2 PRODUCT OFFERINGS
  • 19.19 SUNSET HEALTHCARE SOLUTIONS
    • 19.19.1 BUSINESS OVERVIEW
    • 19.19.2 PRODUCT OFFERINGS
  • 19.20 VIATOM TECHNOLOGY
    • 19.20.1 BUSINESS OVERVIEW
    • 19.20.2 PRODUCT OFFERINGS
  • 19.21 VITALCONNECT
    • 19.21.1 BUSINESS OVERVIEW
    • 19.21.2 PRODUCT OFFERINGS
  • 19.22 VIVALNK
    • 19.22.1 BUSINESS OVERVIEW
    • 19.22.2 PRODUCT OFFERINGS
  • 19.23 VYAIRE MEDICAL
    • 19.23.1 BUSINESS OVERVIEW
    • 19.23.2 PRODUCT OFFERINGS

20 REPORT SUMMARY

  • 20.1 KEY TAKEAWAYS
  • 20.2 STRATEGIC RECOMMENDATIONS

21 QUANTITATIVE SUMMARY

  • 21.1 MARKET BY PRODUCT
  • 21.2 MARKET BY PATIENT GROUP
  • 21.3 MARKET BY APPLICATION
  • 21.4 MARKET BY END-USER

22 APPENDIX

  • 22.1 ABBREVIATIONS
Product Code: ARZ230122

LIST OF EXHIBITS

  • EXHIBIT 1 SEGMENTATION OF THE US VITAL SIGNS MONITORING DEVICES MARKET
  • EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022
  • EXHIBIT 3 FEATURES OF VITAL SIGN MONITORING DEVICES
  • EXHIBIT 4 CONVERGENCE OF TECHNOLOGIES LEADING TO INDUSTRIAL REVOLUTION
  • EXHIBIT 5 ADVANTAGES OF USING REMOTE BIOSENSORS IN CLINICAL RESEARCH
  • EXHIBIT 6 IMPACT OF INCREASING DEMAND FOR WIRELESS PATIENT MONITORING AT HOME
  • EXHIBIT 7 IMPACT OF RISE OF VIRTUAL CLINICAL TRIALS
  • EXHIBIT 8 PATIENT MONITORING EXAMPLES: AN OVERVIEW OF WEARABLE AND DEVICE INTEGRATION IN DCTS
  • EXHIBIT 9 IMPACT OF ADVANCES IN REMOTE PATIENT MONITORING TECHNOLOGY
  • EXHIBIT 10 IMPACT OF UPCOMING TECHNOLOGIES IN VITAL SIGNS MONITORING
  • EXHIBIT 11 IMPACT OF INCREASING PREVALENCE OF CHRONIC DISORDERS AUGMENTING CONTINUOUS MONITORING DEMAND
  • EXHIBIT 12 PREVALENCE DATA OF CHRONIC DISEASES IN THE US
  • EXHIBIT 13 IMPACT OF ENHANCEMENTS IN VITAL SIGNS MONITORS
  • EXHIBIT 14 IMPACT OF INCREASED PREFERENCE FOR INTEGRATED VITAL SIGNS MONITORS
  • EXHIBIT 15 IMPACT OF INCREASING FOCUS ON DEVELOPING SOFTWARE & APPS FOR VITAL SIGNS MONITORING BY MANUFACTURERS
  • EXHIBIT 16 IMPACT OF CYBERSECURITY & RELATED LIMITATIONS WITH VITAL SIGNS MONITORS
  • EXHIBIT 17 IMPACT OF FALSE ALARMS & ALARM FATIGUE ASSOCIATED WITH VITAL SIGNS MONITORS
  • EXHIBIT 18 CLASSIFICATION OF TRIGGERED ALARMS & THEIR SHARE IN HEALTHCARE SETTINGS
  • EXHIBIT 19 IMPACT OF INTENSE COMPETITION COUPLED WITH PRICING PRESSURES
  • EXHIBIT 20 US VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 21 US VITAL SIGNS MONITORING DEVICES MARKET BY PRODUCT: MARKET SHARE 2022 & 2028 (%)
  • EXHIBIT 22 US VITAL SIGNS MONITORING DEVICES MARKET BY PATIENT GROUP: MARKET SHARE 2022 & 2028 (%)
  • EXHIBIT 23 US VITAL SIGNS MONITORING DEVICES MARKET BY APPLICATION: MARKET SHARE 2022 & 2028 (%)
  • EXHIBIT 24 US VITAL SIGNS MONITORING DEVICES MARKET BY END-USER: MARKET SHARE 2022 & 2028 (%)
  • EXHIBIT 25 FIVE FORCES ANALYSIS 2022
  • EXHIBIT 26 INCREMENTAL GROWTH BY PRODUCT 2022 & 2028
  • EXHIBIT 27 US VITAL SIGNS MONITORING DEVICES MARKET BY PRODUCT: INCREMENTAL GROWTH ($ BILLION)
  • EXHIBIT 28 US VITAL SIGNS MONITORING DEVICES MARKET BY PRODUCT: ABSOLUTE GROWTH (%)
  • EXHIBIT 29 REASONS TO CHOOSE STANDALONE VITAL SIGNS MONITORING DEVICES
  • EXHIBIT 30 US STANDALONE VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 31 US STANDALONE VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 32 US VITAL SIGNS MONITORING DEVICES BY HEART RATE/CARDIAC MONITORING DEVICES: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 33 US VITAL SIGNS MONITORING DEVICES BY HEART RATE/CARDIAC MONITORING DEVICES 2022-2028 ($ BILLION)
  • EXHIBIT 34 US VITAL SIGNS MONITORING DEVICES BY PULSE OXIMETERS: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 35 US VITAL SIGNS MONITORING DEVICES BY PULSE OXIMETERS 2022-2028 ($ BILLION)
  • EXHIBIT 36 US VITAL SIGNS MONITORING DEVICES MARKET BY BLOOD PRESSURE MONITORS: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 37 US VITAL SIGNS MONITORING DEVICES MARKET BY BLOOD PRESSURE MONITORS 2022-2028 ($ BILLION)
  • EXHIBIT 38 US VITAL SIGNS MONITORING DEVICES MARKET BY BODY TEMPERATURE MONITORS: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 39 US VITAL SIGNS MONITORING DEVICES MARKET BY BODY TEMPERATURE MONITORS 2022-2028 ($ BILLION)
  • EXHIBIT 40 US INTEGRATED VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 41 US INTEGRATED VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 42 INCREMENTAL GROWTH BY PATIENT GROUP 2022 & 2028
  • EXHIBIT 43 US VITAL SIGNS MONITORING DEVICES MARKET BY PATIENT GROUP: INCREMENTAL GROWTH ($ BILLION)
  • EXHIBIT 44 US VITAL SIGNS MONITORING DEVICES MARKET BY PATIENT GROUP: ABSOLUTE GROWTH (%)
  • EXHIBIT 45 US GERIATRIC VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 46 US GERIATRIC VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 47 US ADULT VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 48 US ADULT VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 49 US PEDIATRIC VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 50 US PEDIATRIC VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 51 INCREMENTAL GROWTH BY APPLICATION 2022 & 2028
  • EXHIBIT 52 US VITAL SIGNS MONITORING DEVICES MARKET BY APPLICATION: INCREMENTAL GROWTH ($ BILLION)
  • EXHIBIT 53 US VITAL SIGNS MONITORING DEVICES MARKET BY APPLICATION: ABSOLUTE GROWTH (%)
  • EXHIBIT 54 US CHRONIC CARE VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 55 PREVALENCE OF CHRONIC CONDITIONS AND THEIR EXPONENTIAL IMPACT ON HEALTHCARE COSTS IN US
  • EXHIBIT 56 US CHRONIC CARE VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 57 CHRONIC DISEASE MANAGEMENT MARKET SHARE: US & REST OF WORLD
  • EXHIBIT 58 US ACUTE CARE VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 59 US ACUTE CARE VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 60 INCREMENTAL GROWTH BY END-USER 2022 & 2028
  • EXHIBIT 61 US VITAL SIGNS MONITORING DEVICES MARKET BY END-USER: INCREMENTAL GROWTH ($ BILLION)
  • EXHIBIT 62 US VITAL SIGNS MONITORING DEVICES MARKET BY END-USER: ABSOLUTE GROWTH (%)
  • EXHIBIT 63 AUTOMATED VIRTUAL CARE
  • EXHIBIT 64 US HOSPITALS VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 65 US HOSPITALS VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 66 US AMBULATORY CARE SETTINGS VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 67 US AMBULATORY CARE SETTINGS VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 68 TYPES OF HOMECARE
  • EXHIBIT 69 US HOME CARE SETTINGS & INDIVIDUALS VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 70 US HOME CARE SETTINGS & INDIVIDUALS VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 71 US OTHER END-USER VITAL SIGNS MONITORING DEVICES MARKET: INCREMENTAL & ABSOLUTE GROWTH
  • EXHIBIT 72 US OTHERS END-USER VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • EXHIBIT 73 VITAL SIGNS MONITORING DEVICES MARKET PLAYERS PRESENT IN THE US
  • EXHIBIT 74 VENDORS OFFERING COMMERCIAL VITAL SIGNS MONITORS: MARKET DOMINANCE ANALYSIS
  • EXHIBIT 75 VENDORS OFFERING COMMERCIAL VITAL SIGNS MONITORING DEVICES: CAPABILITIES & EXPERTISE ASSESSMENT
  • EXHIBIT 76 BAXTER: TOTAL REVENUE 2019-2021 ($ BILLION)
  • EXHIBIT 77 BAXTER: R&D EXPENDITURE 2019-2021 ($ BILLION)
  • EXHIBIT 78 GE HEALTHCARE: TOTAL REVENUE 2019-2021 ($ BILLION)
  • EXHIBIT 79 GE HEALTHCARE: REVENUE BY BUSINESS SEGMENT 2019-2021 ($ BILLION)
  • EXHIBIT 80 GE HEALTHCARE: REVENUE BY GEOGRAPHY 2021 ($ BILLION)
  • EXHIBIT 81 ICU MEDICAL: REVENUE 2019-2021 ($ BILLION)
  • EXHIBIT 82 ICU MEDICAL: R&D EXPENDITURE 2019-2021 ($ MILLION)
  • EXHIBIT 83 ICU MEDICAL: REVENUE BY BUSINESS SEGMENT 2020-2021 ($ MILLION)
  • EXHIBIT 84 ICU MEDICAL: REVENUE BY GEOGRAPHIC REGION 2020-2021 ($ MILLION)
  • EXHIBIT 85 KONINKLIJKE PHILIPS: TOTAL REVENUE 2019-2021 ($ BILLION)
  • EXHIBIT 86 KONINKLIJKE PHILIPS: R&D EXPENDITURE 2019-2021 ($ BILLION)
  • EXHIBIT 87 KONINKLIJKE PHILIPS: REVENUE BY BUSINESS SEGMENT 2019-2021 ($ BILLION)
  • EXHIBIT 88 KONINKLIJKE PHILIPS: REVENUE BY GEOGRAPHIC REGION 2020-2021 ($ BILLION)
  • EXHIBIT 89 MASIMO: TOTAL REVENUE 2019-2021 ($ BILLION)
  • EXHIBIT 90 MASIMO: R&D EXPENDITURE 2020-2021 ($ MILLION)
  • EXHIBIT 91 MASIMO: REVENUE BY GEOGRAPHIC REGION 2021 ($ MILLION)
  • EXHIBIT 92 MEDTRONIC: REVENUE 2019-2021 ($ BILLION)
  • EXHIBIT 93 MEDTRONIC: R&D EXPENDITURE 2019-2021 ($ BILLION)
  • EXHIBIT 94 MEDTRONIC: REVENUE BY BUSINESS SEGMENT 2019-2021 ($ BILLION)
  • EXHIBIT 95 MEDTRONIC: REVENUE BY GEOGRAPHY 2021 ($ BILLION)
  • EXHIBIT 96 NIHON KOHDEN: REVENUE 2019-2021 ($ BILLION)
  • EXHIBIT 97 OSI SYSTEMS: REVENUE 2019-2021 ($ MILLION)

LIST OF TABLES

  • TABLE 1 KEY CAVEATS
  • TABLE 2 CURRENCY CONVERSION 2016-2022
  • TABLE 3 CLASSIFICATION OF WEARABLE TECHNOLOGY
  • TABLE 4 EXAMPLES OF WEARABLE DEVICES FOR VITAL SIGNS MONITORING
  • TABLE 5 CHANGE IN HOSPITAL STAY COST IN US 2010-2020
  • TABLE 6 DEVELOPMENT IN VITAL SIGNS PATIENT MONITORING DEVICES
  • TABLE 7 EXAMPLES OF PULSE OXIMETERS OFFERED BY LEADING MANUFACTURERS
  • TABLE 8 KEY CLUSTERS OF CHRONIC CONDITIONS
  • TABLE 9 EXAMPLES OF VITAL SIGNS MONITORS USED IN HOSPITALS
  • TABLE 10 FAST FACTS ON US HOSPITALS
  • TABLE 11 HUNDRED LARGEST HOSPITALS IN US BY BEDS
  • TABLE 12 LIST OF RECENT PRODUCT APPROVALS/LAUNCHES
  • TABLE 13 A&D COMPANY: MAJOR PRODUCT OFFERINGS
  • TABLE 14 BAXTER: MAJOR PRODUCT OFFERINGS
  • TABLE 15 CONTEC MEDICAL SYSTEMS: MAJOR PRODUCT OFFERINGS
  • TABLE 16 GE HEALTHCARE: MAJOR PRODUCT OFFERINGS
  • TABLE 17 ICU MEDICAL: MAJOR PRODUCT OFFERINGS
  • TABLE 18 KONINKLIJKE PHILIPS: MAJOR PRODUCT OFFERINGS
  • TABLE 19 MASIMO: MAJOR PRODUCT OFFERINGS
  • TABLE 20 MEDTRONIC: MAJOR PRODUCT OFFERINGS
  • TABLE 21 NIHON KOHDEN: MAJOR PRODUCT OFFERINGS
  • TABLE 22 NONIN: MAJOR PRODUCT OFFERINGS
  • TABLE 23 OMRON: MAJOR PRODUCT OFFERINGS
  • TABLE 24 OSI SYSTEMS: MAJOR PRODUCT OFFERINGS
  • TABLE 25 100-PLUS: MAJOR PRODUCT OFFERINGS
  • TABLE 26 ADVANCED INSTRUMENTATIONS: MAJOR PRODUCT OFFERINGS
  • TABLE 27 AMERICAN DIAGNOSTIC: MAJOR PRODUCT OFFERINGS
  • TABLE 28 BITTIUM: MAJOR PRODUCT OFFERINGS
  • TABLE 29 CARDINAL HEALTH: MAJOR PRODUCT OFFERINGS
  • TABLE 30 COMPASS HEALTH BRANDS: MAJOR PRODUCT OFFERINGS
  • TABLE 31 DRAGERWERK AG & CO.: MAJOR PRODUCT OFFERINGS
  • TABLE 32 EDAN INSTRUMENTS: MAJOR PRODUCT OFFERINGS
  • TABLE 33 FUKUDA DENSHI: MAJOR PRODUCT OFFERINGS
  • TABLE 34 HALMA: MAJOR PRODUCT OFFERINGS
  • TABLE 35 INFINIUM MEDICAL: MAJOR PRODUCT OFFERINGS
  • TABLE 36 MENNEN MEDICAL: MAJOR PRODUCT OFFERINGS
  • TABLE 37 MICROLIFE: MAJOR PRODUCT OFFERINGS
  • TABLE 38 NURECA: MAJOR PRODUCT OFFERINGS
  • TABLE 39 OXITONE: MAJOR PRODUCT OFFERINGS
  • TABLE 40 QARDIO: MAJOR PRODUCT OFFERINGS
  • TABLE 41 ROSSMAX INTERNATIONAL: MAJOR PRODUCT OFFERINGS
  • TABLE 42 SOLARIS MEDICAL TECHNOLOGY: MAJOR PRODUCT OFFERINGS
  • TABLE 43 SUNSET HEALTHCARE SOLUTIONS: MAJOR PRODUCT OFFERINGS
  • TABLE 44 VIATOM TECHNOLOGY: MAJOR PRODUCT OFFERINGS
  • TABLE 45 VITALCONNECT: MAJOR PRODUCT OFFERINGS
  • TABLE 46 VIVALNK: MAJOR PRODUCT OFFERINGS
  • TABLE 47 VYAIRE MEDICAL: MAJOR PRODUCT OFFERINGS
  • TABLE 48 US VITAL SIGNS MONITORING DEVICES MARKET BY PRODUCT 2022-2028 ($ BILLION)
  • TABLE 49 US VITAL SIGNS MONITORING DEVICES MARKET BY PRODUCT 2022-2028 (%)
  • TABLE 50 US VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 ($ BILLION)
  • TABLE 51 US VITAL SIGNS MONITORING DEVICES MARKET 2022-2028 (%)
  • TABLE 52 US VITAL SIGNS MONITORING DEVICES MARKET BY APPLICATION 2022-2028 ($ BILLION)
  • TABLE 53 US VITAL SIGNS MONITORING DEVICES MARKET BY APPLICATION 2022-2028 (%)
  • TABLE 54 US VITAL SIGNS MONITORING DEVICES MARKET BY END-USER 2022-2028 ($ BILLION)
  • TABLE 55 US VITAL SIGNS MONITORING DEVICES MARKET BY END-USER 2022-2028 (%)
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