Portland, OR -- (SBWIRE) -- 02/22/2018 -- The global vital signs monitoring devices market size was $3,694 million in 2015 and is estimated to reach $5,491 million by 2022, growing at a CAGR of 5.8% during the study period.
Vital signs monitoring market size was worth $3,694 million in 2015 and is expected to reach $5,491 million by 2022, growing at a CAGR of 5.8% from 2016 to 2022. North America was the leading regional market in global vital signs monitoring devices industry. The blood pressure monitoring devices segment is expected to maintain its lead throughout the forecast period.
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Factors such asincrease in geriatric population, growth of inclination towards home monitoring, and rise in incidence rate of chronic diseases, such as cardiovascular disorders and obesity, are expected to drive the growth of the market. Moreover, introduction of innovative and technologically advanced digital blood pressure monitors and finger pulse oximeters is set to further drive the market growth. However, lack of awareness about these devices in low- and middle-income economies hampers the market growth.
Among the vital signs monitoring devices, BP monitoring devicesis anticipated to uphold the dominating position in the global market in the upcoming years, owing to increase in incidences of obesity, hypertension, diabetes, and other lifestyle disorders. Pulse oximetry devices are projected to be the fastest growing segment, with CAGR of 6.3%, due to increase in incidences of respiratory disorders (such as COPD) across the globe.
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Hypertension, a serious chronic disease, is one of the leading causes of death. As per the Centers for Disease Control and Prevention, about 70 million American adults suffer from high blood pressure, of which the conditions of only 52% of the people with high blood pressure are under control. Thus, continuous monitoring and recording of blood pressure is crucial for curtailing the chances of cardiovascular diseases and risk factors. Therefore, increase in prevalence of hypertension and other cardiovascular diseases is expected to impact the demand for blood pressure monitoring devices for the treatment of high blood pressure.
Vital Signs Monitoring Devices Market Key Segments
The global vital signs monitoring devices market is segmented based on product, end user, and geography.
By Product
Blood Pressure Monitoring Device
Aneroid BP Monitors
Digital BP Monitors
Ambulatory BP Monitors
Blood Pressure Instrument Accessories
Pulse Oximeters
Table-top/Bedside Pulse Oximeters
Fingertip Pulse Oximeters
Hand-held Pulse Oximeters
Wrist-worn Pulse Oximeters
Pediatric Pulse Oximeters
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