Vital signs monitoring devices are used in hospitals, clinics, ambulatory surgical centres and home care settings. End uses of vital signs monitoring devices are described in detail, with regard to the value and volume share held by each end use segment in each of the seven regions.
Albany, NY -- (SBWIRE) -- 10/30/2015 -- The global vital signs monitoring devices market between 2015 and 2025. The market is expected to expand at a CAGR of 9.5% and 9.2% in terms of value and volume, respectively, during the projected period. The study demonstrates the market dynamics and trends in all the seven regions, which are expected to influence the current nature and future status of the vital signs monitoring devices market over the forecast period.
This report examines the global vital signs monitoring devices market for the period 2015–2025. The primary objective of the report is to offer updates on the growth of the vital signs monitoring devices market and the expanding applications of vital signs monitoring devices globally.
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Patient monitoring is part of patient care in emergency rooms, operating rooms, intensive care units and critical care settings. Patient monitoring devices is the parent market of vital signs monitoring devices. Patient monitoring devices include devices used for monitoring vital signs, hemodynamic, neurologic and brain functions. Vital signs monitoring devices are used in hospitals, clinics, ambulatory surgical centres and home care settings. The patient monitoring devices market was valued at approximately US$ 5 Bn in 2014. The global vital signs monitoring devices market accounted for more than 50% share of the global patient monitoring devices market in 2014.
In the next section, report covers the vital signs monitoring devices market performance in terms of its global value and volume split. This section includes analyses of the key trends, drivers and restraints, which are influencing the vital signs monitoring devices market currently. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to provide better insights.
The next section of the report forecasts the market in terms of value and volume in each of the seven regions. Besides, this section provides a market outlook for 2015–2025 and sets the forecast within the context of the vital signs monitoring devices market. This study draws inferences from the key regional trends contributing to the growth of the patient monitoring devices market, in order to estimate and forecast the value and volume shares held by the regional vital signs monitoring devices markets. The global vital signs monitoring devices market report analyses the degree at which the global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and the Middle East and Africa.
All the sections, by end use, by product type, by mount type or by region, evaluate the present scenario and the growth prospects in the vital signs monitoring devices market for the period 2015 –2025. We have considered 2014 as the base year and provided data for the trailing 12 months.
To calculate the vital signs monitoring devices market size, we first considered revenue generated from the sale of patient monitoring devices, the parent market for vital signs monitoring devices. The forecast presented here assesses the total revenue generated, by value and volume, across the vital signs monitoring devices market. In order to offer an accurate forecast, we started off by sizing the current market, which forms the basis of how the vital signs monitoring devices market would develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analyses, based on primary research, secondary research and our own analysis. However, forecasting the market in terms of various vital signs monitoring devices segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities available in the vital signs monitoring devices market.
All the vital signs monitoring devices segments, in terms of end use, product type, mount type and region, are analysed on the basis of the Basis Point Share (BPS) to understand the individual segments' relative contributions to the market growth. This detailed level of information is important for the identification of various key trends witnessed in the vital signs monitoring devices market.
Another key feature of this report is the analysis of all key vital signs monitoring devices segments, sub-segments and regional adoption and revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the vital signs monitoring devices market.
In order to understand the key market segments in terms of the growth and adoption of vital signs monitoring devices across the concerned regions, Future Market Insights developed the vital signs monitoring devices Market Attractiveness Index. The resulting index should help providers identify real market opportunities.
In the final section of the report, the vital signs monitoring devices competitive landscape is included to provide report audiences with a dashboard view, based on categories of providers in the value chain, their presence in the vital signs monitoring devices market and key differentiators. Besides, major vital signs monitoring devices providers are also covered in the report. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the value chain of the vital signs monitoring devices market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of their capabilities and success in the vital signs monitoring devices marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the vital signs monitoring devices market. Key players in the global vital signs monitoring devices market include CAS Medical Systems, Inc., Koninklijke Philips N.V., General Electric Co., Masimo Corporation, Mindray Medical International Limited, Covidien Public Limited, Nihon Kohden Corporation, Smiths Group plc, Dragerwerk AG & Co. KGaA, SunTech Medical, Inc., Welch Allyn, Inc., Spacelabs Healthcare, Inc. and ContecMedical Systems Co., Ltd. Major participants in the market are focused on new product development and approvals while expanding into emerging markets.
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