Vital Signs Monitoring Devices Market

The global vital signs monitoring devices market is anticipated to reach US$ 12.9 Bn by 2030 with an healthy 8.4% CAGR, from an estimated market value of around US$ 6.8 Bn as of 2022.

Increasing adoption of vital signs monitoring devices by clinicians for the measurement of vital signs of hospitalized patients has immensely attracted market players’ attention. However, continuous focus among manufacturers on developing new vital signs monitoring devices is also expected to propel market growth during forecast period.

Key Takeaways of Vital Signs Monitoring Devices Market Study

  • Monitors, followed by temperature measurement devices, account for a larger value share in the global vital signs monitoring devices market, owing to their increasing use in hospitals and other diagnosis centres for patient monitoring.
  • Standalone vital signs monitoring devices hold a leading revenue share, owing to their availability and increasing installation rates in hospitals and other healthcare centres.
  • Hospitals capture around 70% value share in the vital signs monitoring devices market, owing to high patient preference for diagnosis and treatment of different diseases in these settings.
  • North America will continue to define stakeholders’ bottom lines in the global vital signs monitoring devices market during forecast period.
  • Upsurge in government funding to increase the number of hospitals and improve quality of care is expected to drive the growth of the vital signs monitoring devices market in Asia.

New Product Development and Launch – Imperative Strategy for Market Players

Market introduction of new innovative products as per patients’ needs is majorly responsible for intense competition among players in the vital signs monitoring devices market. Several companies are focusing on launching customizable vital signs monitoring devices in order to increase their product sales and expand market share.

For example, in December 2021, Nihon Kohden Corporation launched the life scope SVM-7200 series vital sign monitors – easy-to-use, portable monitors having customizable early warning functionality to help clinicians.

Key Market Segmentation:

By Product :

  • Monitors
    • Low Acuity Monitors
    • Mid Acuity Monitors
    • High Acuity Monitors
  • Temperature Measurement Devices
    • Liquid filled Thermometers
    • Digital Thermometers
    • Infrared Thermometers
  • Blood Pressure Measurement Devices
    • Sphygmomanometers
    • Automated Blood Pressure Monitors
  • Standalone Pulse Oximeters

By Mount Type :

  • Standalone
  • Portable

By End User :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

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