Pune, India -- (SBWIRE) -- 03/03/2019 -- Global Vital Signs Monitoring Equipment Market report analyzes the current industry status quo on a large scale to provide the market developments, market size, and progress evaluations. The core element's details are related to market's essential market segments, opportunities and market constraints are presented in this report. Furthermore, the report lists the product definition, applications, market scope, and major product manufacturing regions.
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Global Vital Signs Monitoring Equipment Market is expected to rise from its initial estimated value of USD 4,412.1 million in 2018 to an estimated value of USD 7,085.4 million by 2026 registering a CAGR of 6.1% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population over the world and growing demand of non-contact thermometers.
Key Developments in the Market:
- In May, 2018, Caretaker Medical completed the investment of USD 3.4 million for expanding its sales of wireless device of continuous blood pressure and vital signs monitor.
- In May, 2017, OBS Medical and Caretaker Medical partnered with each other for adding Vital Signs and Wireless CNIBP to predictive patient monitoring platform.
Few of the major market competitors currently working in the vital signs monitoring equipment market are:-
- Koninklijke Philips N.V.,
- Medtronic,
- Caretaker Medical LLC,
- Masimo,
- Drägerwerk AG & Co. KGaA,
- Hill-Rom Services Inc.,
- Smiths Group plc,
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.,
- Nihon Kohden Corporation,
- General Electric Company,
- Omron Healthcare, Inc.,
- A&D Company, Limited,
- Boston Scientific Corporation,
- CASMED,
- Halma plc, Nonin,
- OSI Systems, Inc.,
- HICKS,
- Contec Medical Systems Co. Ltd,
- Spacelabs Healthcare,
- Briggs Healthcare,
Competitive Analysis :
The global vital signs monitoring equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vital signs monitoring equipment market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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TABLE OF CONTENTS
1. MARKET OVERVIEW
1.1. Market Definitions
1.2. Research Methodology
1.3. Market Segmentation
2. EXECUTIVE SUMMARY
3. MARKET DYNAMICS
3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Premium Market Trends
4. INDUSTRY ANALYSIS
4.1. Value Chain Analysis
4.2. Technology Roadmap
4.3. Market Attractiveness Analysis
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Market Drivers
- Rapidly changing lifestyle and rising incidence of chronic diseases has increased the market growth
- Increasing occurrence of hypertension will act as a major market driver
Market Restraints
- Pricing pressure of devices is acting as a major restraint for the market
- Strict regulatory process is also hampering the market
Market Segmentation :
- By Product
o BP monitoring devices
? Aneroid BP monitors
? Automated BP monitors
? Ambulatory BP Monitors
? BP monitor device accessories
o Pulse-oximeters
? Tabletop/bedside pulse-oximeters
? Fingertip
? Handheld
? Wrist worn
? Pediatric pulse-oximeters
? Pulse oximeter device accessories
o Temperature monitoring devices
? Mercury-filled thermometers
? Digital thermometers
? Infrared thermometers
? Temperature strips
? Temperature Monitoring Device Accessories
- By Type
o Non- integrated system
o Integrated system
? 3 in 1 vital signs monitoring
? 4 in 1 vital signs monitoring
o Others
- By Portability
o Portable
o Standalone
- By End User
o Hospitals
o Ambulatory
o Home healthcare
o Clinics
o Others
- By Distribution Channel
o Hospital pharmacy
o Pharmacy store
o Online websites
o Others
- By Geography
o North America
o South America
o Europe
o Asia-Pacific
o Middle East and Africa
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