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Market of Vital Signs Monitoring Devices Forecast to 2018
|By PR Newswire
|September 2, 2014 03:30 PM EDT
DALLAS, September 2, 2014 /PRNewswire/ --
The global vital signs monitoring market is market is poised to grow at a CAGR of 6.61% from the year 2013, reaching approximately $4,375 million by 2018. Vital Signs Monitoring Devices Market - Market Landscape Analysis of Blood Pressure Monitoring Devices, Pulse Oximeters and Temperature Monitoring Devices - Forecasts up to 2018 research report, available with RnRMarketResearch.com, says This market is witnessing tremendous growth due to a rise in the aging population, not only in the developed regions of the world, but also in developing countries.
The global vital signs monitoring devices market includes emergency support and care services and devices, which can be used not only at clinics, but also at a patient's home. The most significant healthcare trend witnessed recently is the shift of treatment from hospitals to home in order to gain a cost advantage and reduce hospital expenditure. The move from treatment to proactive monitoring is also opening up new opportunities for home monitoring devices. Patients prefer home monitoring equipment over hospitals mainly for the convenience and cost-effectiveness it offers. In this research, market sizing, market share, market segmentation, and forecasts are provided for select countries. Pulse-oximeters command the market with the highest market revenue, compared to other devices. However, the higher cost of pulse-oximeters comparative to BP monitors and thermometers also denotes the market volume. Based on installations, temperature monitoring devices command the global vital signs monitoring market owing to their low cost.
North America commands the vital signs monitoring devices market with over 40% market share, followed by Europe. The North American and European vital signs monitors markets is expected to reach $1,307.6 million and $907.0 million, respectively, by the end of 2013. They have been driving the market significantly, owing to the rising number of elderly people across these economies. The European market is expected to witness a boost in demand owing to the rising demand for home health patient monitoring devices due to changing demographics and lifestyles.
Vital signs monitoring devices market companies profiled in this report include A&D Medical, Contec Medical Systems, Covidien PLC, GE Healthcare, Hicks Thermometers (India) Limited, Masimo Corporation, Mindray, Nihon Kohden, Nonin Medical, Omron Healthcare, INC, Philips Healthcare, Spacelabs Healthcare, INC, Suntech Medical, INC and Welch Allyn INC. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=110269 .
However, Asian markets witness the highest growth rates owing to the rising demand for these devices for easier and faster vital signs monitoring devices at clinics as well as for home health. The new markets that are expected to grow at a brisk pace are emerging economics such as China, India, Japan and other regions of Asia-Pacific, and untapped markets in European regions.
Awareness of the convenience and cost effectiveness offered by these equipment and services is also increasing the demand for this market. Asia displays a high CAGR owing to the rapidly increasing aging population in countries such as India, China, and Japan. The Americas also maintains a stable growth mainly due to reimbursements offered for specific equipment and the health policies of Medicaid and Medicare. This research report categorizes the global vital signs monitoring market into geography, and by product. The market is further broken down by geography, with exhaustive revenue analysis, as well as the forecast up to 2018.
Global Vital Signs Monitors Market - By Product
BP monitoring devices
- Aneroid BP monitors
- Automated BP monitors
- Tabletop/bedside pulse-oximeters
- Wrist worn
- Pediatric pulse-oximeters
Temperature monitoring devices
- Mercury-filled thermometers
- Digital thermometers
- Infrared thermometers
- Temperature strips
Global Vital Signs Monitors Market - By Geography
- Rest of Europe
- South Korea
- Rest of Asia
Rest of the World (RoW)
- Latin America
- Middle-East region
Explore more reports on patient monitoring devices market as well as other medical devices at http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices.
RnR Market Research is an online database of syndicated market research reports covering over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.
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