Vital Signs Monitoring Market report categorizes the global vital signs monitoring market into geography, and by product.
Dallas, TX -- (SBWIRE) -- 12/05/2013 -- The report “Vital Signs Monitoring Market - Market Landscape Analysis of Blood Pressure Monitoring Devices, Pulse Oximeters and Temperature Monitoring Devices - Forecasts up to 2018” , analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World.
Browse 74 market data tables and 52 figures spread through 142 pages and in-depth TOC on “Vital Signs Monitoring Market"
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The global vital signs monitoring market was valued at $3,148 million in the year 2012 and is market is poised to grow at a CAGR of 6.61% from the year 2013, reaching approximately $4,375 million by 2018.
A vital signs monitor is equipped to monitor the following parameters - heart beat, blood pressure, respiratory rate, and temperature. Blood pressure monitoring devices, pulse-oximeters and temperature monitoring devices are examples of vital signs monitoring devices. These devices are compact and inexpensive as compared to other devices in the patient monitor devices market. These are cost-efficient and have a huge installed base and demand amongst hospitals, physicians clinics, remote monitoring, and home healthcare segments.
The global vital signs monitoring market was valued at $3,148 million in the year 2012 and is poised to grow at a CAGR of 6.61% from the year 2013, reaching approximately $4,375 million by 2018. 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.
The geographies covered in this study are North America, Europe, Asia, and Rest of the World (RoW). 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. However, the Asian market, especially India and China, is expected to witness a better market opportunity in future, despite the current market position and is poised to register maximum growth rate over the next five years.
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.
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.
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