Vital sign monitoring is an assessment of heart rate, respiratory rate, blood pressure, oxygen saturation and body temperature. Vital signs are the baseline indicators of the patientís current health status. Vital signs are never stagnant because of the effect of a variety of internal and external factors such as many disease conditions, anxiety, pain, exercise etc. Increasing demand for portable devices, growing geriatric population and chronic disease are the key factors driving the growth of the vital signs monitoring market. According to AMA Research, the market for Vital Signs Monitoring is expected to register a CAGR of 7.9% during the forecast period to 2027.
This growth is primarily driven by Rising Prevalence of Diseases
|Value Unit||USD (Million)|
|Key Companies in Study||A&D Company (Japan), Contec Medical Systems (China), GE Healthcare (United States), Masimo Corporation (United States), Mindray Medical International Limited (China), Nihon Kohden (Japan), Omron Healthcare, Inc. (United States), Philips Healthcare (Netherlands), Spacelabs Healthcare, Inc. (United States) and SunTech Medical (United States)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Health Care Equipment sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as A&D Company (Japan), Contec Medical Systems (China), GE Healthcare (United States), Masimo Corporation (United States), Mindray Medical International Limited (China), Nihon Kohden (Japan), Omron Healthcare, Inc. (United States), Philips Healthcare (Netherlands), Spacelabs Healthcare, Inc. (United States) and SunTech Medical (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2022, Anelto Inc., one of the leading providers of remote patient monitoring (RPM) solutions, is integrating BioIntelliSense's FDA-approved BioSticker and BioButton wearable medical devices and data services with Anelto's RemoteCareLive, a continuous health monitoring and clinical intelligence company, BioIntelliSense, Inc. has partnered with . ! RPM platform., In 2022, Alder Hey Children's NHS Foundation Trust has partnered with digital health business Isansys Lifecare to improve home patient monitoring and reduce the burden on the healthcare system. and In 2021, California startup OnSky Health International is finding space in RPM with the introduction of the SkyPad system designed for continuous non-contact biosignal detection and emergency alert and paging systems. The system consists of sensor pads that use machine learning to detect vital signs, sleep quality, and body movements without touching your skin.
In 2022, India's private university, Amrita University, has announced the launch of a wearable health monitoring device for home use. Developed for wireless networks and applications, Amrita Spandanam is a wearable device that uses a finger clip to measure six body parameters: 6-lead ECG, blood oxygenation, blood pressure, respiration rate, heart rate and blood sugar. The company statement was developed with a patented AI algorithm that processes differential optical signals to provide critical body measurements "in less than a minute". and On 9th July 2018, Masimo released vital signs check application, an integrated patient data collection and workflow application for the Masimo Root patient monitoring and connectivity platform. Vital Signs Check, available for new and existing Root customers through a software upgrade, augments Rootís versatility by helping to automate hospital vital signs testing workflows.
- Rising Prevalence of Diseases
- Growing Geriatric Population and Chronic Disease
- Increasing Demand for Portable Devices
- Technological Advancements in Devices
- High Cost of the Devices
- Technical Issues Associated with the Devices
OpportunitiesIncrease in the Healthcare Expenditure in Emerging Economies, Growth in the Healthcare Industry Worldwide and Development of New Diagnostic Centre and Hospitals
ChallengesLack of Awareness about Devices in Some Regions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the ReportAMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vital Signs Monitoring Study Sheds Light on The Vital Signs Monitoring Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Vital Signs Monitoring industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vital Signs Monitoring industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.