Vital Signs Monitoring Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Vital Signs Monitoring Device Trends and Forecast

The future of the global vital signs monitoring device market looks promising with opportunities in the hospital, physician's office, home healthcare, ambulatory center, and emergency care center markets. The global vital signs monitoring device market is expected to reach an estimated $8.4 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing number of healthcare facilities, mostly hospitals, rising demand for home health services, and rising rates of chronic illnesses globally.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Vital Signs Monitoring Device by Segment

The study includes a forecast for the global vital signs monitoring device by product, end use, and region.

Vital Signs Monitoring Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Temperature Monitoring Devices
• Pulse Oximeters
• Blood Pressure Monitors
• Others

Vital Signs Monitoring Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

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

Vital Signs Monitoring Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Vital Signs Monitoring Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vital signs monitoring device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vital signs monitoring device companies profiled in this report include-

• Koninklijke Philips
• Medtronic
• Nihon Kohden
• GE Healthcare
• Masimo
• Omron Healthcare
• Contec Medical Systems
• A&D Company
• Nonin Medical
• SunTech Medical

Vital Signs Monitoring Device Market Insights

Lucintel forecasts that blood pressure monitor will remain the largest segment over the forecast period due to the increased blood pressure monitoring as a result of hypertension's sharp rise in prevalence, as well as, the patients are monitoring their blood pressure as a preventive or precautionary strategy owing to increased awareness.

North America will remain the largest region over the forecast period due to the expanding aging population, the development of endless disorders, and the growing desire in remote and wireless gadgets, together with simplified coverage policies, are all factors to consider.

Features of the Global Vital Signs Monitoring Device Market

Market Size Estimates: Vital signs monitoring device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Vital signs monitoring device market size by product, end use, and region in terms of value ($B).

Regional Analysis: Vital signs monitoring device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, end use, and regions for the vital signs monitoring device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vital signs monitoring device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the vital signs monitoring device market size?

Answer: The global vital signs monitoring device market is expected to reach an estimated $8.4 billion by 2030.

Q2. What is the growth forecast for vital signs monitoring device market?

Answer: The global vital signs monitoring device market is expected to grow with a CAGR of 7.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the vital signs monitoring device market?

Answer: The major drivers for this market are growing number of healthcare facilities, mostly hospitals, rising demand for home health services, and rising rates of chronic illnesses globally.

Q4. What are the major segments for vital signs monitoring device market?

Answer: The future of the global vital signs monitoring device market looks promising with opportunities in the hospital, physician's office, home healthcare, ambulatory center, and emergency care center markets.

Q5. Who are the key vital signs monitoring device market companies?

Answer: Some of the key vital signs monitoring device companies are as follows:

• Koninklijke Philips
• Medtronic
• Nihon Kohden
• GE Healthcare
• Masimo
• Omron Healthcare
• Contec Medical Systems
• A&D Company
• Nonin Medical
• SunTech Medical

Q6. Which vital signs monitoring device market segment will be the largest in future?

Answer: Lucintel forecasts that blood pressure monitor will remain the largest segment over the forecast period due to the increased blood pressure monitoring as a result of hypertension's sharp rise in prevalence, as well as, the patients are monitoring their blood pressure as a preventive or precautionary strategy owing to increased awareness.

Q7. In vital signs monitoring device market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the expanding aging population, the development of endless disorders, and the growing desire in remote and wireless gadgets, together with simplified coverage policies, are all factors to consider.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the vital signs monitoring device market by product (temperature monitoring devices, pulse oximeters, blood pressure monitors, and others), end use (hospitals, physician's office, home healthcare, ambulatory centers, emergency care centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?