Vital Signs Monitoring Devices Market Scope
Vital Signs Monitoring Devices offer a flexible solution for accurate vital analysis. The increasing geriatric population and the growing prevalence of chronic diseases driving the demand for the vital signs monitoring devices market. Due to the COVID-19, the demand for these devices is high to record and analyze the physiological functions such as body temperature and blood pressure of the patients. Moreover, the rising demand for temperature monitoring devices such as non-contact infrared thermometers across several workplaces is projected to further fuel the market growth. Availability of wireless technology, miniaturization, and computing power are driving innovation in medical technology which is trending in the market
The market study is segmented by Type (Blood Pressure Monitors (Mercury Blood Pressure Monitors, Sphygmomanometers, Digital Blood Pressure Monitors, Ambulatory Blood Pressure Monitors), Pulse Oximeters (Table-Top/Bedside Pulse Oximeters, Fingertip Pulse Oximeters, Hand-Held Pulse Oximeters, Wrist-Worn Pulse Oximeters, Pediatric Pulse Oximeters, Temperature Monitoring Devices) and Mercury Filled Thermometers (Digital Thermometers, Infrared Thermometers, Liquid Crystal Thermometer, Temperature Monitoring Device Accessories)) and major geographies with country level break-up.
The global Vital Signs Monitoring Devices amrket is fragmented and the players are exploring the market by adopting expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Vital Signs Monitoring Devices market throughout the predicted period.
Koninklijke Philips NV (Netherlands), GE Healthcare (United States), Kindred Healthcare (United States), Welch Allyn, Inc. (United States), Medtronic PLC (Ireland), Edwards Lifesciences Corporation (United States), Spacelabs Healthcare (United States), Nihon Kohden Corporation (Japan), CAS Medical Systems Inc. (United States), Smiths Group plc. (United Kingdom), Masimo Corporation (United States), Mindray Medical International Limited (China), Creative Medical (United States) and Omron (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Infinium Medical (United States), Biolight Meditech Co., Ltd. (China) and ContecMedical Systems (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Vital Signs Monitoring Devices market by Type, Application and Region.
On the basis of geography, the market of Vital Signs Monitoring Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In July 2020 - Masimo announced the results of a study published in Pneumonia in which independent researchers in New Delhi, India, investigated the accuracy of Masimo RRp® on pediatric patients with the Rad-G™ Pulse Oximeter by comparing it to clinician-determined values while performing routine assessment of children admitted to outpatient and emergency departments. RRp provides respiration rate determined from the photoplethysmograph used in pulse oximetry., and In June 2020, Hillrom announced the launch of the Hillrom™ Extended Care Solution, a new, connected remote vital signs monitoring device that allows clinicians to shift care closer to home.
- Introduction of Digital Blood Pressure Monitors and Finger Pulse Oximeter
- Rising Incidence of Chronic Diseases
- Growing Geriatric Population
- Growing Prevalence of Diabetes and Cardiovascular Diseases
- Growing Remote Patient Monitoring Market
- Rising Demand from the Developing Economies
- Lack of Awareness in Underdeveloped Countries
Key Target AudienceVital Signs Monitoring Devices Manufacturers, Vital Signs Monitoring Devices Providers, Potential Investors, Healthcare Industry, Research and Development (R&D) Companies, Business Research and Consulting Service Providers, Medical Research Laboratories, Venture Capitalists and Others
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