Albany, NY -- (SBWIRE) -- 03/17/2015 -- The conditions most commonly addressed by remote vital signs monitoring devices include heart rate, blood pressure, body temperature, asthma, respiratory rate, chronic heart failure, depression, diabetes, anxiety, and obstructive pulmonary disease within a normal range for the survival of human life are significant parameters referred to as vital signs. The measurement of such vital signs through specific vital signs monitoring systems certainly offers error free interpretation of clinical data and relevant clinical information regarding the health status of patients.

Due to rise in geriatric population in developed and emerging regions of the world, as well as awareness of the cost-effectiveness and convenience offered by vital signs monitoring equipment and services are some of the factors responsible for fuelling growth into the global vital signs monitoring market.

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In addition, growth in the vital signs monitoring market is also increasing due to shift of treatment from hospitals to home reducing hospital expenditure and opening up new opportunities for home monitoring devices segment. Today, patients prefer treatments through home-based monitoring equipment over conventional hospitals primarily for its cost-effectiveness and convenience.

A comprehensive market study led by a leading U.S. firm states that the global vital signs monitoring market is poised to grow at a CAGR of 6.61% from 2013 to 2018, and reach an estimated value of US$4.3 billion by 2018.

Vital Signs Monitoring Market – By Product Analysis

The market for vital signs monitoring is divided on the basis of various products, and each segment is further classified into sub-segments extending exhaustive market analysis and trends for the global market. Based on the product type, the market for vital signs monitoring devices is broadly segmented into:

- BP Monitoring Devices
- Temperature Monitoring Devices
- Pulse-oximeters

The BP monitoring devices market is further divided into Aneroid BP monitors and Automated BP monitors, while the temperature monitoring devices is categorized based on sub-segments such as, digital temperature monitors, mercury-filled thermometers, temperature strips, and infrared thermometers.

Similarly, the market for pulse-oximeter is further categorized into fingertip, tabletop/bedside pulse-oximeters, wrist worn, handheld, and pediatric pulse-oximeters. As compared to other devices, the market share for pulse-oximeters is the highest owing to their rising demand in clinical and emergency medical care places. Also the cost of these devices in comparison to thermometers and BP monitors denotes the overall market volume. Furthermore, based on rate of installations and low cost, the temperature monitoring devices command the global vital signs monitoring market.

Vital Signs Monitoring Market – By Geography

Due to increasing elderly population, awareness of the convenience of vital signs monitoring devices, and growing demand for health monitoring devices for patients at home and in clinics has stirred abundant growth in regions of North America and Europe for vital signs monitoring market.

Rapidly growing population, rising demand for vital signs monitoring devices in residential and clinical spaces, and improving healthcare infrastructure is also seen in emerging economies of Latin America, Asia-Pacific, and Middle East.

Nevertheless, most of the Asian markets witness the highest growth rates because of rising demand for easily operative vital signs monitoring devices.

Globally, some of the new markets that are expected to witness growth of vital signs monitoring devices at a brisk pace include emerging economies such as, India, China, Japan, and certain untapped markets in the European regions and many other regions of Asia-Pacific.

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