A research study titled, “Vital Signs Monitoring Devices Market by Product and End User - Global
Industry Analysis and Forecast to 2025” published by Crystal Market Research,
states that the vital signs monitoring devices market is projected to be around
$6 billion by 2025.
Increasing diversity in patient
characteristics has led to an increased focus on identifying early
deterioration and adverse events. One of the key components of such efforts is
the monitoring of different vital signs of the patients. Monitoring and
measurement of vital signs is an essential practice for healthcare
practitioners treating infants, children and adults alike. Traditionally,
healthcare professionals and organizations have been practicing recording and
monitoring of vital signs as a means to evaluate the physiological status of
patients. This information, which usually consists of temperature, blood
pressure, respiratory rate, oxygen saturation measurements and pulse rate, is
then used to help determine a patient’s health status. With increase in
incidence of chronic diseases such as hypertension and cardiovascular disorders
across the world, vital signs monitoring has gained significant importance in
avoiding adverse events.
The body’s temperature represents the
balance between the heat lost and heat produced. In clinical environments, body
temperature of patients may be affected by factors such as skin exposure (e.g.
in the operating theatre), underlying pathophysiology (e.g. sepsis) or age.
Other factors which may not alter the core body temperature may result in
inaccurate measurements, such as consuming cold or hot fluids before oral
temperature measurement. Monitoring devices such as digital thermometers,
temperature strips and infrared thermometers are generally used for temperature
measurement. Pulse can be affected by many factors such as age,
medications, existing medical conditions (e.g. fever) and fluid status.
Measurement of heart rate and pulse oximetry are critical for assessing the
status of human cardiovascular system. Pulse oximetry refers to measurement of
oxygen saturation level to determine the amount of oxygen being carried by the
blood. Different forms of these devices such as hand-held pulse oximeter,
fingertip pulse oximeters, and wrist worn pulse oximeters are used for
measuring oxygen saturation level.
Rise in prevalence of hypertension coupled with rapidly
aging population, rise in major risk factors for hypertension, growing
awareness towards timely control and effective management of hypertension, and
increased preference for self-monitoring are set to drive the demand for these
monitoring devices. However, low awareness about the benefits of using these
devices for monitoring purpose in developing countries will restrain the market
growth.
Blood pressure monitoring devices
segment dominates the global vital sign monitoring devices market in 2016, due
to high prevalence of chronic diseases such as hypertension, diabetes and other
lifestyle related disorders. Pulse oximeters segment is anticipated to exhibit
fastest growth during the forecast period due to rise in occurrence of
respiratory diseases such as chronic obstructive pulmonary disease (COPD)
globally.
Increased focus of key players on
developing innovative monitoring devices to meet the unmet medical needs will
further propel the market growth. For instance, in October 2013, iHealth Labs
obtained FDA approval for its fingertip pulse oximeter. Likewise, in January
2014, Nonin Medical, Inc. launched its new pulse oximeter, NoninConnect. This
oximeter features Bluetooth Smart wireless technology. Similarly, in January
2015, Masimo revealed its fingertip pulse oximeter, MightySat, for personal
use. Thus, innovation is set to bring in ample growth opportunities for the
manufacturers.
Some of the key players operating in the global vital signs monitoring
devices market are
·
Nonin Medical Inc.
·
Welch Allyn (a subsidiary of Hill-Rom
Holdings, Inc.)
·
General Electric Company
·
SunTech Medical, Inc. (a subsidiary
of Halma plc)
·
Masimo Corporation
·
Nihon Kohden Corporation
·
Koninklijke Philips N.V
·
A&D Company
·
Smiths Group plc., Limited
·
Contec Medical Systems Co., Ltd.
Get complete access of the Report @ https://www.crystalmarketresearch.com/report/vital-signs-monitoring-devices-market
Market Opportunities
Development of
technologically advanced vital signs monitoring devices is expected to open new
avenues for future growth. With rising inclination of patients and physicians
towards using these devices in hospital as well as home care settings,
development of cost effective monitoring devices will enable higher adoption of
these devices. Moreover, emerging countries form a lucrative market for these
devices where related awareness as well as disposable income is on the rise.
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Increase in Geriatric Population Worldwide
3.3.1.2. Increase in Prevalence of Chronic Diseases
Worldwide
3.3.1.3. Increasing Patient Inclination towards Home
Healthcare
3.3.2. Restraints
3.3.2.1. Lack of awareness Related to Vital Signs
Monitoring Devices in Low and Middle-income Countries.
3.3.3. Opportunities
3.3.3.1. Development of Technologically Advanced
Monitoring Devices
3.3.3.2. Emerging Markets to Offer Lucrative Growth
Opportunities
3.4. Industry Trends
About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed
decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
Contact Us:
304
South Jones Blvd, Suite 1896,
Las
Vegas NV 89107,
United
States
Toll Free:
+ 1-888-213-4282
Email:
sales@crystalmarketresearch.com
Website:
www.crystalmarketresearch.com
No comments:
Post a Comment