Vital Signs Monitoring Systems Market
PUBLISHED: 2024 ID: SMRC25573
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Vital Signs Monitoring Systems Market

Vital Signs Monitoring Systems Market Forecasts to 2030 - Global Analysis By Product Type (Blood Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices, Respiratory Rate Monitors and Other Product Types), Type, Consumer Wearables, Technology, Application, End User and By Geography

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4.2 (24 reviews)
Published: 2024 ID: SMRC25573

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $10.1 BN

Projected Year Value (2030)

US $20.4 BN

CAGR (2023 - 2030)

10.5%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Vital Signs Monitoring Systems Market is accounted for $10.1 billion in 2023 and is expected to reach $20.4 billion by 2030 growing at a CAGR of 10.5% during the forecast period. Vital Signs Monitoring Systems are advanced medical devices designed to track crucial physiological parameters, ensuring timely detection of health abnormalities. These systems continuously monitor indicators such as heart rate, blood pressure, respiratory rate, and body temperature. Utilizing cutting-edge sensor technology, they provide real-time data, enabling healthcare professionals to promptly respond to fluctuations in a patient's condition. Portable and user-friendly, these systems enhance patient care by facilitating remote monitoring and early intervention. 

According to the Global Health Observatory data, in 2019, 71% of the deaths were due to Non-Communicable Diseases (NCDs). The major NCDs are Cardiovascular Diseases (CVDs), which caused 45.0% of all NCD deaths, cancer caused 22.0% of all NCD deaths, and Chronic Obstructive Pulmonary Disease (COPD) caused 10.0% of all NCD deaths, and diabetes caused 4.0% of all NCD deaths.

Market Dynamics: 

Driver: 

Increasing prevalence of chronic diseases

As conditions like hypertension, diabetes, and cardiovascular diseases become more prevalent, the demand for continuous health monitoring escalates. Vital Signs Monitoring Systems play a pivotal role by providing real-time data on crucial parameters, aiding in early detection and management of chronic conditions. The market experiences a surge in demand for user-friendly, remote monitoring solutions, fostering innovation in technology. With an increasing emphasis on preventive healthcare, the market expands to address the growing needs of patients and healthcare providers, contributing to the dynamic landscape of comprehensive health monitoring systems.

Restraint:

High initial costs and ongoing expenses

Healthcare institutions may hesitate to invest in these systems, especially in resource-limited environments. The financial burden limits widespread adoption, hindering accessibility for both providers and patients. This obstacle slows the integration of advanced monitoring technologies into mainstream healthcare practices, impeding the potential benefits of continuous, remote patient monitoring.

Opportunity:

Growing demand for home-based healthcare

 Individuals seek more convenient and personalized healthcare solutions, there is an increasing preference for monitoring vital signs at home. Vital Signs Monitoring Systems cater to this demand by offering user-friendly, portable devices that enable continuous health tracking. The market experiences a surge in innovations such as wearable monitoring devices and telehealth integrations, facilitating remote patient care. The shift towards home-based healthcare, accelerated by factors like aging populations and the COVID-19 pandemic, propels the market's expansion, meeting the evolving needs of patients for proactive and accessible health monitoring solutions.

Threat:

Increasing reliance on digital platforms for data storage 

Cybersecurity threats pose a significant risk, potentially compromising sensitive patient information. This raises reluctance among healthcare providers and patients, hindering widespread adoption. Fear of unauthorized access and data breaches may impede the integration of advanced monitoring technologies into mainstream healthcare practices. Thus, addressing and mitigating these security challenges are vital to building trust in digital healthcare solutions, ensuring the safe and ethical use of patient data, and fostering the sustained growth of the market.

Covid-19 Impact

With a heightened focus on remote patient monitoring and telehealth, healthcare providers increasingly utilize these systems to monitor COVID-19 patients remotely. The demand for non-contact vital signs monitoring solutions has surged to minimize virus transmission. Additionally, the pandemic has underscored the importance of early detection and continuous monitoring, driving investments in advanced technologies. The market has witnessed increased innovation and collaboration to meet the evolving healthcare landscape, emphasizing the role of Vital Signs Monitoring Systems in enhancing patient care and supporting healthcare professionals during the ongoing global health crisis.

The blood pressure monitors segment is expected to be the largest during the forecast period

The blood pressure monitors segment is estimated to have a lucrative growth, due to increasing prevalence of hypertension and cardiovascular diseases drives the demand for at-home blood pressure monitoring devices, fostering a parallel rise in comprehensive vital signs monitoring systems. Advanced integration of blood pressure monitoring into these systems enhances their diagnostic capabilities, attracting both healthcare professionals and consumers. Further the market experiences innovation and competitive expansion as technology evolves, offering more accurate and user-friendly solutions.

The ambulatory blood pressure monitors segment is expected to have the highest CAGR during the forecast period

The ambulatory blood pressure monitors segment is anticipated to witness the highest CAGR growth during the forecast period, owing to the demand for continuous and remote patient monitoring, ambulatory blood pressure monitors play a pivotal role in providing real-time data outside clinical settings. Their integration into comprehensive monitoring systems expands the market's scope, enabling a more holistic health assessment. Ambulatory monitors contribute to a dynamic market landscape, addressing the evolving preferences of healthcare professionals and patients for convenient and continuous vital signs tracking, ultimately fostering innovation and competitiveness within the broader monitoring systems market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing geriatric population, rising occurrences of interminable disorders, and developing interest in remote and wireless devices combined with streamlined coverage policies are the main considerations credited to its share. This can be attributed to the extensive unmet needs in this region including primary healthcare, especially in developing markets, such as India and China. Moreover, the rising medical tourism and improving healthcare sectors in this region have a lot to offer the market players over the forecast period. 

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to owing to its high population base, high disposable incomes, improvement in patient awareness about advanced monitoring devices, and increase in incidences of infectious diseases such as malaria and typhoid. Moreover, rise in geriatric population and increase in demand for vital signs monitoring devices for home care settings have contributed to the vital signs monitoring devices market growth. Thus the region also has high awareness and access to healthcare services with strong reimbursement coverage for essential medical devices, thereby leading to high demand.

Key players in the market

Some of the key players in the Vital Signs Monitoring Systems Market include CONTEC Medical Systems Co., Ltd., Criticare Systems, Inc., General Electric Company, Infinium Medical, Masimo Corporation, Medtronic plc, Mindray Medical International Limited, Natus Medical Incorporated, Nihon Kohden Corporation, Nonin Medical, Inc., Omron Healthcare, Philips Healthcare, Progetti srl, Rapid Response Monitoring, Schiller AG, Smiths Medical, Spacelabs Healthcare, SunTech Medical and Welch Allyn  

Key Developments:

In February 2024, Masimo and UCHealth Announce a Clinical Monitoring Partnership to Improve Care with Telehealth. The collaboration is designed to leverage the unique capabilities of both organizations and pursue their mutual goals of improving patient outcomes, reducing the cost of care, and transforming models of care delivery across the continuum

In January 2024, Medtronic Diabetes announces world's first approval for MiniMed™ 780G Systems with Simplera Sync™ disposable, all-in-one sensor. The MiniMed 780G system with Simplera Sync™ sensor will be available in Europe via limited release in spring 2024. 

In January 2024, Mindray Unveils UX Series Endoscope Camera System, Empowering Surgical Precision with Innovative Technology. By integrating a new generation hardware platform with advanced software algorithms, the UX Series sets a new standard for image performance and potential for future expandability.

Product Types Covered:
• Blood Pressure Monitors 
• Pulse Oximeters 
• Temperature Monitoring Devices 
• Respiratory Rate Monitors 
• Other Product Types 
 
Types Covered:
• Ambulatory Blood Pressure Monitors 
• Fingertip Pulse Oximeter 
• Hand-held Pulse Oximeters 
• Pediatric Pulse Oximeters 
• Mercury Filled Thermometers 
• Liquid Crystal Thermometer 
• Infrared Thermometers 
• Other Types 

Consumer Wearables Covered:
• Smartwatches 
• Fitness & Activity Trackers 
• Smart Patches 
• Other Consumer Wearables 

Technologies Covered:
• Digital 
• Analog 
• Smart Vital Signs Monitoring Systems 
• Wireless/Bluetooth 
• Remote Patient Monitoring Technology 
• Advanced Sensor Technologies 
• Other Technologies 

Applications Covered:
• Continuous Patient Monitoring
• General Health
• Sports & Fitness Monitoring
• Sleep Monitoring
• Pediatric & Neonatal Monitoring
• Telehealth
• Other Applications

End Users Covered:
• Hospitals & Clinics 
• Ambulatory Surgical Centers 
• Research & Academic Institutions 
• Sports & Fitness Centers 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology        
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions        
            
3 Market Trend Analysis         
 3.1 Introduction         
 3.2 Drivers          
 3.3 Restraints         
 3.4 Opportunities         
 3.5 Threats          
 3.6 Product Analysis         
 3.7 Technology Analysis        
 3.8 Application Analysis        
 3.9 End User Analysis         
 3.10 Emerging Markets         
 3.11 Impact of Covid-19         
            
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry         
            
5 Global Vital Signs Monitoring Systems Market, By Product Type     
 5.1 Introduction         
 5.2 Blood Pressure Monitors        
 5.3 Pulse Oximeters         
 5.4 Temperature Monitoring Devices       
 5.5 Respiratory Rate Monitors        
 5.6 Other Product Types        
            
6 Global Vital Signs Monitoring Systems Market, By Type      
 6.1 Introduction         
 6.2 Ambulatory Blood Pressure Monitors       
 6.3 Fingertip Pulse Oximeter        
 6.4 Hand-held Pulse Oximeters        
 6.5 Pediatric Pulse Oximeters        
 6.6 Mercury Filled Thermometers        
 6.7 Liquid Crystal Thermometer        
 6.8 Infrared Thermometers        
 6.9 Other Types         
            
7 Global Vital Signs Monitoring Systems Market, By Consumer Wearables     
 7.1 Introduction         
 7.2 Smartwatches         
 7.3 Fitness & Activity Trackers        
 7.4 Smart Patches         
 7.5 Other Consumer Wearables        
            
8 Global Vital Signs Monitoring Systems Market, By Technology      
 8.1 Introduction         
 8.2 Digital          
 8.3 Analog          
 8.4 Smart Vital Signs Monitoring Systems       
 8.5 Wireless/Bluetooth         
 8.6 Remote Patient Monitoring Technology       
 8.7 Advanced Sensor Technologies       
 8.8 Other Technologies         
            
9 Global Vital Signs Monitoring Systems Market, By Application      

 9.1 Introduction         
 9.2 Continuous Patient Monitoring       
 9.3 General Health         
 9.4 Sports & Fitness Monitoring        
 9.5 Sleep Monitoring         
 9.6 Pediatric & Neonatal Monitoring       
 9.7 Telehealth         
 9.8 Other Applications         
            
10 Global Vital Signs Monitoring Systems Market, By End User      
 10.1 Introduction         
 10.2 Hospitals & Clinics         
 10.3 Ambulatory Surgical Centers        
 10.4 Research & Academic Institutions       
 10.5 Sports & Fitness Centers        
 10.6 Other End Users         
            
11 Global Vital Signs Monitoring Systems Market, By Geography      
 11.1 Introduction         
 11.2 North America         
  11.2.1 US         
  11.2.2 Canada         
  11.2.3 Mexico         
 11.3 Europe          
  11.3.1 Germany         
  11.3.2 UK         
  11.3.3 Italy         
  11.3.4 France         
  11.3.5 Spain         
  11.3.6 Rest of Europe        
 11.4 Asia Pacific         
  11.4.1 Japan         
  11.4.2 China         
  11.4.3 India         
  11.4.4 Australia         
  11.4.5 New Zealand        
  11.4.6 South Korea        
  11.4.7 Rest of Asia Pacific        
 11.5 South America         
  11.5.1 Argentina        
  11.5.2 Brazil         
  11.5.3 Chile         
  11.5.4 Rest of South America       
 11.6 Middle East & Africa        
  11.6.1 Saudi Arabia        
  11.6.2 UAE         
  11.6.3 Qatar         
  11.6.4 South Africa        
  11.6.5 Rest of Middle East & Africa       
            
12 Key Developments          
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 12.2 Acquisitions & Mergers        
 12.3 New Product Launch        
 12.4 Expansions         
 12.5 Other Key Strategies        
            
13 Company Profiling          
 13.1 CONTEC Medical Systems Co., Ltd.       
 13.2 Criticare Systems, Inc.         
 13.3 General Electric Company        
 13.4 Infinium Medical         
 13.5 Masimo Corporation        
 13.6 Medtronic plc         
 13.7 Mindray Medical International Limited       
 13.8 Natus Medical Incorporated        
 13.9 Nihon Kohden Corporation        
 13.10 Nonin Medical, Inc.         
 13.11 Omron Healthcare         
 13.12 Philips Healthcare         
 13.13 Progetti srl         
 13.14 Rapid Response Monitoring        
 13.15 Schiller AG         
 13.16 Smiths Medical         
 13.17 Spacelabs Healthcare        
 13.18 SunTech Medical         
 13.19 Welch Allyn         
            
List of Tables           
1 Global Vital Signs Monitoring Systems Market Outlook, By Region (2021-2030) ($MN)   
2 Global Vital Signs Monitoring Systems Market Outlook, By Product Type (2021-2030) ($MN)   
3 Global Vital Signs Monitoring Systems Market Outlook, By Blood Pressure Monitors (2021-2030) ($MN)  
4 Global Vital Signs Monitoring Systems Market Outlook, By Pulse Oximeters (2021-2030) ($MN)  
5 Global Vital Signs Monitoring Systems Market Outlook, By Temperature Monitoring Devices (2021-2030) ($MN) 
6 Global Vital Signs Monitoring Systems Market Outlook, By Respiratory Rate Monitors (2021-2030) ($MN)  
7 Global Vital Signs Monitoring Systems Market Outlook, By Other Product Types (2021-2030) ($MN)  
8 Global Vital Signs Monitoring Systems Market Outlook, By Type (2021-2030) ($MN)    
9 Global Vital Signs Monitoring Systems Market Outlook, By Ambulatory Blood Pressure Monitors (2021-2030) ($MN)
10 Global Vital Signs Monitoring Systems Market Outlook, By Fingertip Pulse Oximeter (2021-2030) ($MN)  
11 Global Vital Signs Monitoring Systems Market Outlook, By Hand-held Pulse Oximeters (2021-2030) ($MN) 
12 Global Vital Signs Monitoring Systems Market Outlook, By Pediatric Pulse Oximeters (2021-2030) ($MN)  
13 Global Vital Signs Monitoring Systems Market Outlook, By Mercury Filled Thermometers (2021-2030) ($MN) 
14 Global Vital Signs Monitoring Systems Market Outlook, By Liquid Crystal Thermometer (2021-2030) ($MN) 
15 Global Vital Signs Monitoring Systems Market Outlook, By Infrared Thermometers (2021-2030) ($MN)  
16 Global Vital Signs Monitoring Systems Market Outlook, By Other Types (2021-2030) ($MN)   
17 Global Vital Signs Monitoring Systems Market Outlook, By Consumer Wearables (2021-2030) ($MN)  
18 Global Vital Signs Monitoring Systems Market Outlook, By Smartwatches (2021-2030) ($MN)   
19 Global Vital Signs Monitoring Systems Market Outlook, By Fitness & Activity Trackers (2021-2030) ($MN)  
20 Global Vital Signs Monitoring Systems Market Outlook, By Smart Patches (2021-2030) ($MN)   
21 Global Vital Signs Monitoring Systems Market Outlook, By Other Consumer Wearables (2021-2030) ($MN) 
22 Global Vital Signs Monitoring Systems Market Outlook, By Technology (2021-2030) ($MN)   
23 Global Vital Signs Monitoring Systems Market Outlook, By Digital (2021-2030) ($MN)   
24 Global Vital Signs Monitoring Systems Market Outlook, By Analog (2021-2030) ($MN)   
25 Global Vital Signs Monitoring Systems Market Outlook, By Smart Vital Signs Monitoring Systems (2021-2030) ($MN)
26 Global Vital Signs Monitoring Systems Market Outlook, By Wireless/Bluetooth (2021-2030) ($MN)  
27 Global Vital Signs Monitoring Systems Market Outlook, By Remote Patient Monitoring Technology (2021-2030) ($MN)
28 Global Vital Signs Monitoring Systems Market Outlook, By Advanced Sensor Technologies (2021-2030) ($MN) 
29 Global Vital Signs Monitoring Systems Market Outlook, By Other Technologies (2021-2030) ($MN)  
30 Global Vital Signs Monitoring Systems Market Outlook, By Application (2021-2030) ($MN)   
31 Global Vital Signs Monitoring Systems Market Outlook, By Continuous Patient Monitoring (2021-2030) ($MN) 
32 Global Vital Signs Monitoring Systems Market Outlook, By General Health (2021-2030) ($MN)   
33 Global Vital Signs Monitoring Systems Market Outlook, By Sports & Fitness Monitoring (2021-2030) ($MN) 
34 Global Vital Signs Monitoring Systems Market Outlook, By Sleep Monitoring (2021-2030) ($MN)  
35 Global Vital Signs Monitoring Systems Market Outlook, By Pediatric & Neonatal Monitoring (2021-2030) ($MN) 
36 Global Vital Signs Monitoring Systems Market Outlook, By Telehealth (2021-2030) ($MN)   
37 Global Vital Signs Monitoring Systems Market Outlook, By Other Applications (2021-2030) ($MN)  
38 Global Vital Signs Monitoring Systems Market Outlook, By End User (2021-2030) ($MN)   
39 Global Vital Signs Monitoring Systems Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)  
40 Global Vital Signs Monitoring Systems Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN) 
41 Global Vital Signs Monitoring Systems Market Outlook, By Research & Academic Institutions (2021-2030) ($MN) 
42 Global Vital Signs Monitoring Systems Market Outlook, By Sports & Fitness Centers (2021-2030) ($MN)  
43 Global Vital Signs Monitoring Systems Market Outlook, By Other End Users (2021-2030) ($MN)  
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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