Vital Parameter Monitoring Devices And Equipment Global Market Report 2022 covers this critical market and the impact on it from the COVID-19 virus. It provides strategists, marketers and senior management with the critical information they need to assess the increasing demand for vital parameter monitoring devices and equipment due to COVID-19.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
2) By End User: Hospitals; Clinics; Ambulatory Surgery Centers; Home Care Settings
3) By Blood Pressure Monitoring Devices: Aneroid BP Monitors; Digital BP Monitors; Ambulatory BP Monitors; Blood Pressure Instrument Accessories
4) By Pulse Oximeters: Table-top/Bedside Pulse Oximeters; Fingertip Pulse Oximeters; Hand-held Pulse Oximeters; Wrist-worn Pulse Oximeters; Pediatric Pulse Oximeters
5) By Temperature Monitoring Devices: Digital Thermometers; Infrared Thermometers; Temperature Strips
Companies Mentioned: Welch Allyn; SunTech Medical; Masimo Corporation; General Electric Company; Medtronic plc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
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- Identify growth segments for investment
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Description:
Where is the largest and fastest growing market for the vital parameter monitoring devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Vital Parameter Monitoring Devices And Equipment Market Global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The Market Characteristics section of the report defines and explains the market
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth
- Market segmentations break down market into sub markets
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers
Scope
Markets Covered:
1) By Product Type: Blood Pressure Monitoring Devices; Pulse Oximeters; Temperature Monitoring Devices2) By End User: Hospitals; Clinics; Ambulatory Surgery Centers; Home Care Settings
3) By Blood Pressure Monitoring Devices: Aneroid BP Monitors; Digital BP Monitors; Ambulatory BP Monitors; Blood Pressure Instrument Accessories
4) By Pulse Oximeters: Table-top/Bedside Pulse Oximeters; Fingertip Pulse Oximeters; Hand-held Pulse Oximeters; Wrist-worn Pulse Oximeters; Pediatric Pulse Oximeters
5) By Temperature Monitoring Devices: Digital Thermometers; Infrared Thermometers; Temperature Strips
Companies Mentioned: Welch Allyn; SunTech Medical; Masimo Corporation; General Electric Company; Medtronic plc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Vital Parameter Monitoring Devices and Equipment Market
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Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 6.64 billion |
Forecasted Market Value ( USD | $ 9.43 billion |
Compound Annual Growth Rate | 9.2% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Vital Parameter Monitoring Devices And Equipment Market Characteristics3. Vital Parameter Monitoring Devices And Equipment Market Trends And Strategies4. Impact Of COVID-19 On Vital Parameter Monitoring Devices And Equipment28. Key Mergers And Acquisitions In The Vital Parameter Monitoring Devices And Equipment Market29. Vital Parameter Monitoring Devices And Equipment Market Future Outlook and Potential Analysis
5. Vital Parameter Monitoring Devices And Equipment Market Size And Growth
6. Vital Parameter Monitoring Devices And Equipment Market Segmentation
7. Vital Parameter Monitoring Devices And Equipment Market Regional And Country Analysis
8. Asia-Pacific Vital Parameter Monitoring Devices And Equipment Market
9. China Vital Parameter Monitoring Devices And Equipment Market
10. India Vital Parameter Monitoring Devices And Equipment Market
11. Japan Vital Parameter Monitoring Devices And Equipment Market
12. Australia Vital Parameter Monitoring Devices And Equipment Market
13. Indonesia Vital Parameter Monitoring Devices And Equipment Market
14. South Korea Vital Parameter Monitoring Devices And Equipment Market
15. Western Europe Vital Parameter Monitoring Devices And Equipment Market
16. UK Vital Parameter Monitoring Devices And Equipment Market
17. Germany Vital Parameter Monitoring Devices And Equipment Market
18. France Vital Parameter Monitoring Devices And Equipment Market
19. Eastern Europe Vital Parameter Monitoring Devices And Equipment Market
20. Russia Vital Parameter Monitoring Devices And Equipment Market
21. North America Vital Parameter Monitoring Devices And Equipment Market
22. USA Vital Parameter Monitoring Devices And Equipment Market
23. South America Vital Parameter Monitoring Devices And Equipment Market
24. Brazil Vital Parameter Monitoring Devices And Equipment Market
25. Middle East Vital Parameter Monitoring Devices And Equipment Market
26. Africa Vital Parameter Monitoring Devices And Equipment Market
27. Vital Parameter Monitoring Devices And Equipment Market Competitive Landscape And Company Profiles
30. Appendix
Executive Summary
Major players in the vital parameter monitoring devices and equipment market are Welch Allyn (Hill-Rom Holdings), SunTech Medical (Halma plc), Masimo Corporation, General Electric Company, Medtronic plc, Nihon Kohden Corporation, Koninklijke Philips N.V, A&D Company, Contec Medical Systems Co, and Nonin Medical.The global vital parameter monitoring devices and equipment market is expected to grow from $6 billion in 2021 to $6.64 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The market is expected to grow to $9.43 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%.
The vital parameter monitoring devices and equipment market consist of sales of vital parameter monitoring devices and equipment and related services. Vital parameter monitoring devices are used to monitor critical parameters such as blood pressure, heart rate, and other physiological parameters.
The main product types of vital parameter monitoring devices and equipment are blood pressure monitoring devices, pulse oximeters, and temperature monitoring devices. Blood pressure monitoring devices are electronic devices that are used to monitor blood pressure. The blood pressure monitoring devices are aneroid BP monitors, digital BP monitors, ambulatory BP monitors, and blood pressure instrument accessories. The pulse oximeters are table-top/bedside pulse oximeters, fingertip pulse oximeters, hand-held pulse oximeters, wrist-worn pulse oximeters, and pediatric pulse oximeters. The temperature monitoring devices are digital thermometers, infrared thermometers, and temperature strips. The various end-users are hospitals, clinics, ambulatory surgery centers, and home care settings.
Asia Pacific was the largest region in the vital parameter monitoring devices and equipment market in 2021. North America was the second-largest region in the v tal parameter monitoring devices and equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
An increase in the geriatric population globally is driving the vital parameter monitoring devices and equipment market. Old people are more prone to medical conditions and diseases and require monitoring of vital health parameters. According to the United Nations World Population AgeingProspects, in 20197, the geriatric population was estimated to be around 702.9962 million and is expected to increase to 1.52.1 billion globally by 2050. The increasing number of old age patients seeking treatments and surgeries is contributing to market growth.
The security concerns related to wireless vital parameter monitoring devices are acting as a restraint on the vital parameter monitoring devices and equipment market. Medical devices with features like wireless connectivity, remote monitoring, and near-field communication allow health professionals to monitor vital parameters like electrocardiogram (ECG), blood pressure (BP), and temperature from anywhere with convenience. These devices are connected to a broad network via IoT, making them potential entry points to larger hospital networks. This connectivity could be used by hackers to mount a ransomware attack against a large hospital and can hold the vital systems of the hospital hostage, or breach sensitive medical records. The medical data obtained in these types of attacks can be used for malicious activities like tax fraud or identity theft, and can even be used to track active drug prescriptions. According to Linchpinseo data 2022, Nearly 4 million connected devices monitor every part of the human body.
Vital parameter monitoring devices and equipment companies are increasingly investing in the research and development of wearable health devices (WHDs). WHDs are smart electronic devices that can be worn by a consumer and are capable of tracking information related to health and fitness. These devices facilitate better monitoring of health and can help in early diagnosis and guidance from doctors. For instance, the ViSi Mobile developed by Sotera Wireless is a wearable device that can provide many vital parameters such as heart rate, respiration rate, oxygen saturation, pulse rate, etc. VitalTag is another wearable device developed as part of the Department of Homeland Security Science and Technology Directorate program to detect and monitor heart rate, blood oxygen levels, body temperature, and blood pressure. Current Health recently got FDA approval for an artificial intelligence-powered wearable device that monitors patient vital signs at the hospital and home.
Vital parameter monitoring devices and equipment manufacturers are governed by the various quality and safety regulations. For instance, in the USA, the Food and Drug Administration's 510 (k) regulation for safety and effectiveness of vital parameter monitoring devices and equipment states that the device should be tested non-clinically for electrical safety, electromagnetic compatibility. Vital parameter monitoring devices and equipment are classified as class II under title 21, parts 800 to 898 by FDA. Class II devices are medical devices having a moderate risk.
The countries covered in the vital parameter monitoring devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Welch Allyn (Hill-Rom Holdings)
- SunTech Medical (Halma plc.)
- Masimo Corporation
- General Electric Company
- Medtronic plc.
- Nihon Kohden Corporation
- Koninklijke Philips N.V.
- A&D Company
- Contec Medical Systems Co.
- Nonin Medical
- Omron Corporation
- Smiths Group plc.
- Spacelabs Healthcare
- CAS Medical Systems
- Dragerwerk AG & Co.
- Briggs Healthcare
- OSI Systems
- Mindray Medical International Limited
- Caretaker Medical llc.
- Shenzhen Mindray Bio-Medical Electronics Co.
- Boston Scientific Corporation
- HICKS
- COVIDIEN plc.
- MINDRAY
Methodology
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