The global vital signs monitoring devices market size is expected to reach USD 18.8 billion by 2030, registering a CAGR of 9.4%. 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. 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.
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 Report Highlights
- 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
Table of Contents
Chapter 1 Research Method1.1 Information procurement
1.2 Information or Data Analysis
1.3 Market Formulation & Validation
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.1.1 Market Driver Analysis
3.1.1.1 Innovation
3.1.1.2 Rising number of healthcare settings
3.1.1.3 Increase in a number of chronic disorders, leading to need for constant monitoring.
3.1.1.4 Increasing need for home healthcare devices
3.1.2 Market Restraint Analysis
3.1.2.1 Remote data storage can increase the risk of a data breach.
3.2 Vital Sign Monitors - PESTLE Analysis
3.3 Industry Analysis - Porter’s
3.4 COVID-19 Impact Analysis
Chapter 4 Vital Sign Monitoring Devices Market: Product Estimates & Trend Analysis
4.1 Vital sign monitoring devices market: Product movement analysis
4.1.1 Blood pressure monitors
4.1.1.1 Blood pressure monitoring devices market, 2018 - 2030 (USD Million)
4.1.1.2 Mercury blood pressure monitors
4.1.1.2.1 Mercury blood pressure monitoring devices market, 2018 - 2030 (USD Million)
4.1.1.3 Aneroid blood pressure monitors
4.1.1.3.1 Aneroid blood pressure monitoring devices market, 2018 - 2030 (USD Million)
4.1.1.4 Digital blood pressure monitors
4.1.1.4.1 Digital blood pressure monitoring devices market, 2018 - 2030 (USD Million)
4.1.1.5 Ambulatory blood pressure monitors
4.1.1.5.1 Ambulatory blood pressure monitoring devices market, 2018 - 2030 (USD Million)
4.1.1.6 Blood pressure instruments and accessories
4.1.1.6.1 Blood pressure instruments and accessories market, 2018 - 2030 (USD Million)
4.1.2 Pulse oximeters
4.1.2.1 Pulse oximeters market, 2018 - 2030 (USD Million)
4.1.2.2 Table-top/bedside pulse oximeters
4.1.2.2.1 Table-top/bedside pulse oximeters market, 2018 - 2030 (USD Million)
4.1.2.3 Fingertip pulse oximeters
4.1.2.3.1 Fingertip pulse oximeters market, 2018 - 2030 (USD Million)
4.1.2.4 Hand-held pulse oximeters
4.1.2.4.1 Hand-held pulse oximeters market, 2018 - 2030 (USD Million)
4.1.2.5 Wrist-worn pulse oximeters
4.1.2.5.1 Wrist-worn pulse oximeters market, 2018 - 2030 (USD Million)
4.1.2.6 Pediatric pulse oximeters
4.1.2.6.1 Pediatric pulse oximeters market, 2018 - 2030 (USD Million)
4.1.2.7 Pulse oximeters accessories
4.1.2.7.1 Pulse oximeters accessories market, 2018 - 2030 (USD Million)
4.1.3 Temperature monitoring devices
4.1.3.1 Temperature monitoring devices market, 2018 - 2030 (USD Million)
4.1.3.2 Mercury filled thermometers
4.1.3.2.1 Mercury filled thermometers market, 2018 - 2030 (USD Million)
4.1.3.3 Digital thermometers
4.1.3.3.1 Digital thermometers market, 2018 - 2030 (USD Million)
4.1.3.4 Infrared thermometers
4.1.3.4.1 Infrared thermometers market, 2018 - 2030 (USD Million)
4.1.3.5 Liquid crystal thermometers
4.1.3.5.1 Liquid crystal thermometers market, 2018 - 2030 (USD Million)
4.1.3.6 Temperature monitoring devices and accessories
4.1.3.6.1 Temperature monitoring devices and accessories market, 2018 - 2030 (USD Million)
4.1.4 Other Vital Sign Monitors
4.1.4.1 Other Vital Sign Monitors market, 2018 - 2030 (USD Million)
Chapter 5 Vital Sign Monitoring Devices Market: End-Use Estimates & Trend Analysis
5.1 Vital sign monitoring devices market: End-use movement analysis
5.1.1 Hospitals
5.1.1.1 Hospitals vital sign monitoring devices market, 2018 - 2030 (USD Million)
5.1.2 Physician’s office
5.1.2.1 Physician’s office vital sign monitoring devices market, 2018 - 2030 (USD Million)
5.1.3 Home healthcare
5.1.3.1 Home healthcare vital sign monitoring devices market, 2018 - 2030 (USD Million)
5.1.4 Ambulatory surgery centers (ASC’s)
5.1.4.1 Ambulatory surgery centers vital sign monitoring devices market, 2018 - 2030 (USD Million)
5.1.5 Emergency care centers
5.1.5.1 Emergency care centers vital sign monitoring devices market, 2018 - 2030 (USD Million)
5.1.6 Other healthcare settings
5.1.6.1 Other healthcare settings vital sign monitoring devices market, 2018 - 2030 (USD Million)
Chapter 6 Regional Estimates & Trend Analysis, by Product and End-Use
6.1 Vital sign monitoring devices market share by region, 2018 & 2030
6.2 North America
6.2.1 North America vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.2.2 U.S.
6.2.2.1 U.S. vital signs monitoring devices market, 2018 - 2030 (USD Million)
6.2.3 Canada
6.2.3.1 Canada vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.3 Europe
6.3.1 Europe vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.3.2 U.K.
6.3.2.1 U.K. vital signs monitoring devices market, 2018 - 2030 (USD Million)
6.3.3 Germany
6.3.3.1 Germany vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.3.4 France
6.3.4.1 France vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.3.5 Italy
6.3.5.1 Italy vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.3.6 Spain
6.3.6.1 Spain vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.3.7 Sweden
6.3.7.1 Sweden vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.3.8 Denmark
6.3.8.1 Denmark vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.3.9 Norway
6.3.9.1 Norway vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.4.2 Japan
6.4.2.1 Japan vital signs monitoring devices market, 2018 - 2030 (USD Million)
6.4.3 China
6.4.3.1 China vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.4.4 India
6.4.4.1 India vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.4.5 South Korea
6.4.5.1 South Korea vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.4.6 Australia
6.4.6.1 Australia vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.4.7 Thailand
6.4.7.1 Thailand vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.5 Latin America
6.5.1 Latin America vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.5.2 Brazil
6.5.2.1 Brazil vital signs monitoring devices market, 2018 - 2030 (USD Million)
6.5.3 Mexico
6.5.3.1 Mexico vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.5.4 Argentina
6.5.4.1 Argentina vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.6 MEA
6.6.1 MEA vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.6.2 South Africa
6.6.2.1 South Africa vital signs monitoring devices market, 2018 - 2030 (USD Million)
6.6.3 Saudi Arabia
6.6.3.1 Saudi Arabia vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.6.4 UAE
6.6.4.1 UAE vital sign monitoring devices market, 2018 - 2030 (USD Million)
6.6.5 Kuwait
6.6.5.1 Kuwait vital sign monitoring devices market, 2018 - 2030 (USD Million)
Chapter 7 Competitive Landscape
7.1 Recent Development by Key Market Players
7.2 Company/Competition Categorization (Key Innovators, Market Leaders)
7.2.1 Participant Categorization
7.3 Vital signs monitoring devices -market share analysis
7.4 Company Profiles
7.4.1 Koninklijke Philips N.V.
7.4.1.1 Company overview
7.4.1.2 Financial performance
7.4.1.3 Product benchmarking
7.4.1.4 Strategic initiatives
7.4.2 Medtronic
7.4.2.1 Company Overview
7.4.2.2 Financial performance
7.4.2.3 Product Benchmarking
7.4.2.4 Strategic Initiatives
7.4.3 Nihon Kohden Corporation
7.4.3.1 Company Overview
7.4.3.2 Financial performance
7.4.3.3 Product benchmarking
7.4.3.4 Strategic initiatives
7.4.4 General Electric
7.4.4.1 Company overview
7.4.4.2 Financial performance
7.4.4.3 Product benchmarking
7.4.4.4 Strategic initiatives
7.4.5 Masimo
7.4.5.1 Company overview
7.4.5.2 Financial performance
7.4.5.3 Product benchmarking
7.4.5.4 Strategic initiatives
7.4.6 Omron Healthcare
7.4.6.1 Company overview
7.4.6.2 Financial performance
7.4.6.3 Product benchmarking
7.4.6.4 Strategic initiatives
7.4.7 Contec Medical Systems Co., Ltd.
7.4.7.1 Company overview
7.4.7.2 Product benchmarking
7.4.8 A&D Company, Limited
7.4.8.1 Company overview
7.4.8.2 Financial performance
7.4.8.3 Product benchmarking
7.4.8.4 Strategic initiatives
7.4.9 Nonin Medical Inc.
7.4.9.1 Company overview
7.4.9.2 Product benchmarking
7.4.9.3 Strategic initiatives
7.4.10 SunTech Medical, Inc.
7.4.10.1 Company overview
7.4.10.2 Financial performance
7.4.10.3 Product benchmarking
7.4.10.4 Strategic initiatives
List of Tables
Table 1 List of Secondary Sources
Table 2 List of Abbreviations
List of Figures
Fig. 1 Market research process
Fig. 2 Information Procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for market share assessment
Fig. 6 Market summary (USD Million, 2022)
Fig. 7 Market trends & outlook
Fig. 8 Market segmentation & scope
Fig. 9 Market driver relevance analysis (Current & future impact)
Fig. 10 Market restraint relevance analysis (Current & future impact)
Fig. 11 Vital Sign Monitors PESTLE Analysis
Fig. 12 Porter’s Five Forces Analysis
Fig. 13 COVID-19 Impact Analysis
Fig. 14 Vital Sign Monitoring Devices: Levels of product
Fig. 15 Vital sign monitoring devices market product outlook key takeaways
Fig. 16 Vital sign monitoring devices market: Product movement analysis
Fig. 17 Blood pressure monitoring devices market, 2018 - 2030 (USD Million)
Fig. 18 Mercury blood pressure monitoring devices market, 2018 - 2030 (USD Million)
Fig. 19 Aneroid blood pressure monitoring devices market, 2018 - 2030 (USD Million)
Fig. 20 Digital blood pressure monitoring devices market, 2018 - 2030 (USD Million)
Fig. 21 Ambulatory blood pressure monitoring devices market, 2018 - 2030 (USD Million)
Fig. 22 Blood pressure instruments and accessories market, 2018 - 2030 (USD Million)
Fig. 23 Pulse oximeters market, 2018 - 2030 (USD Million)
Fig. 24 Table-top/bedside pulse oximeters market, 2018 - 2030 (USD Million)
Fig. 25 Fingertip pulse oximeters market, 2018 - 2030 (USD Million)
Fig. 26 Hand-held pulse oximeters market, 2018 - 2030 (USD Million)
Fig. 27 Wrist-worn pulse oximeters market, 2018 - 2030 (USD Million)
Fig. 28 Pediatric pulse oximeters market, 2018 - 2030 (USD Million)
Fig. 29 Pulse oximeters accessories market, 2018 - 2030 (USD Million)
Fig. 30 Temperature monitoring devices market, 2018 - 2030 (USD Million)
Fig. 31 Mercury filled thermometers market, 2018 - 2030 (USD Million)
Fig. 32 Digital thermometers market, 2018 - 2030 (USD Million)
Fig. 33 Infrared thermometers market, 2018 - 2030 (USD Million)
Fig. 34 Liquid crystal thermometers market, 2018 - 2030 (USD Million)
Fig. 35 Temperature monitoring devices and accessories market, 2018 - 2030 (USD Million)
Fig. 36 Vital sign monitoring devices market end-use outlook key takeaways
Fig. 37 Vital sign monitoring devices market: End-use movement analysis
Fig. 38 Hospital vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 39 Physician’s office vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 40 Home healthcare vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 41 Ambulatory surgery centers vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 42 Emergency care centers vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 43 Other healthcare settings vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 44 Regional market place: Key takeaways
Fig. 45 Regional outlook, 2022 & 2030
Fig. 46 North America vital sign monitoring diagnostics market, 2018 - 2030 (USD Million)
Fig. 47 U.S. vital signs monitoring devices market, 2018 - 2030 (USD Million)
Fig. 48 Canada vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 49 Europe vital sign monitoring diagnostics market, 2018 - 2030 (USD Million)
Fig. 50 U.K. vital signs monitoring devices market, 2018 - 2030 (USD Million)
Fig. 51 Germany vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 52 France vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 53 Italy vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 54 Spain vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 55 Sweden vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 56 Denmark vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 57 Norway vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 58 Asia Pacific vital sign monitoring diagnostics market, 2018 - 2030 (USD Million)
Fig. 59 Japan vital signs monitoring devices market, 2018 - 2030 (USD Million)
Fig. 60 China vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 61 India vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 62 South Korea vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 63 Australia vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 64 Thailand vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 65 Latin America vital sign monitoring diagnostics market, 2018 - 2030 (USD Million)
Fig. 66 Brazil vital signs monitoring devices market, 2018 - 2030 (USD Million)
Fig. 67 Mexico vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 68 Argentina vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 69 MEA vital sign monitoring diagnostics market, 2018 - 2030 (USD Million)
Fig. 70 South Africa vital signs monitoring devices market, 2018 - 2030 (USD Million)
Fig. 71 Saudi Arabia vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 72 UAE vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 73 Kuwait vital sign monitoring devices market, 2018 - 2030 (USD Million)
Fig. 74 Strategic framework
Companies Mentioned
- Koninklijke Philips N.V.
- Medtronic
- Nihon Kohden Corporation
- General Electric
- Masimo
- Omron Healthcare
- Contec Medical Systems Co., Ltd.
- A&D Company, Limited
- Nonin Medical Inc.
- SunTech Medical, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 111 |
| Published | January 2023 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10 Billion |
| Forecasted Market Value ( USD | $ 18.8 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
