Vital Signs Monitoring Devices Market Outline:
Heartbeat, kidney functioning, balanced temperature with in a normal range is the requirements of a human body for normal functioning and these parameters are called vital signs. These are to be measured in continuous intervals to determine the condition of a victim or in general check-ups. This monitoring may result in good analysis and prescription of the requirement for proper functioning. The measurement of the vital signs using various monitors offer clinically relevant information concerning the health status of the patient. Monitoring of vital signs before and after medical operation minimizes patient risk, besides reducing error in interpretation of clinical data.
Vital Signs Monitoring Devices Market Value:
According to the research report, the market Vital Signs Monitoring Devices Market was value USD 3.5 Billion in 2015, it is expected to reach USD 6 Billion by the end of 2025, with increasing a CAGR at 5.8% during the forecast period 2015-2025.
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Vital Signs Monitoring Devices Market Drivers:
Globally, there is a significant increase in the geriatric population. American population that is 65 and above, is projected to nearly double over the next three decades, from 48 million to 88 million and half of them may have high blood pressure, and kidney malfunctioning. This condition may increase the usage of these vital devices so as to make the necessaries available for all of them at right time. Factors such as increasing applications in emergency-medicine and ambulatory-care, high demand for advanced algorithm-based monitoring equipment, and increase in demand for home care monitoring equipment, are also fuelling the growth of the vital signs monitoring market.
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Vital Signs Monitoring Devices Market Regional Share Analysis:
North America commands the vital signs monitoring devices market with over 40% market share, followed by Europe. Blood pressure monitors were at the top of list with high market owing to the result of obesity, hypertension, diabetes. Pulse-oximeters especially finger pulse oximeters command the market with the highest market revenue, compared to other devices. The higher cost of pulse-oximeters comparative to BP monitors and thermometers also denotes the market volume. Based on installations, temperature monitoring devices command the global vital signs monitoring market owing to their low cost. Asian markets experience the highest growth rates resulting to the rising demand for these devices for easier and faster vital signs monitoring devices at clinics as well as for home health. The new markets that are expected to grow at a brisk pace are emerging economics such as China, India, Japan and other regions of Asia-Pacific, and Europe.
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Vital Signs Monitoring Devices Market Recent trends:
The recent increase in the number of public awareness campaigns by the government and non-government organizations, for cardiovascular diseases has motivated a large section of the population to participate in regular tests and check-ups.
Some of the key questions answered by the report are:
- What was the market size in 2016 and forecast from 2017 to 2025?
- What will be the industry market growth from 2017 to 2025?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
Vital Signs Monitoring Devices Market Major Key Players:
The key players of the market are A&D medical, Contec medical systems, Masimo Corporation, Covidien PLC, Space labs health care, nihon kohden Corporation, Suntech medical Inc, Welch allyn Inc. Market effectors are the home users, hospitals, ambulance users and so on.
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