Market Overview:
The global ICU vital signs monitor market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in ICU vital signs monitors. Based on type, the high-acuity monitors segment is expected to account for the largest share of the global ICU vital signs monitor market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period. The large share and high growth rate of this segment can be attributed to increasing demand for technologically advanced monitors that provide accurate information about patients’ condition and help healthcare providers make better decisions for treatment. Based on application, adult ICUs are expected to account for the largest share of the global ICU vital signs monitor market in 2018.
Product Definition:
An ICU vital signs monitor is a device used to measure and track the vital signs of a patient in an intensive care unit. These devices are important for monitoring patients' condition and helping doctors and nurses make decisions about their care.
High-acuity Monitors:
High-acuity monitors are the electronic devices used in critical care units. The growth factor for this market is increasing prevalence of chronic diseases such as heart failure, septicemia, and respiratory failure. According to the American Heart Association (AHA), about 6 million people die every year due to cardiovascular diseases (CVDs) which accounts for 17% of deaths worldwide. It also reported that CVDs contribute to 45% of all deaths in U.S.
Mid-acuity Monitors:
Mid-acuity monitors are vital signs monitors that have been optimized for use in ICU. They provide accurate and timely information required to make decisions regarding the patients' care. These devices help in monitoring vital parameters such as respiratory rate, heart rate, temperature, blood pressure and body movement etc., at a low cost with easy installation & usage features.
These devices can be used by any healthcare professional including nursing staff or physician without any training or specific technical knowledge.
Application Insights:
The adult ICU segment dominated the global market in 2017. This can be attributed to a rise in the prevalence of chronic conditions, such as heart diseases and respiratory illnesses, among adults. As per WHO estimates, around 1 in 5 deaths occur globally and around 3-4 million people die every year due to road traffic crashes. These factors indicate a high demand for advanced monitoring devices that provide accurate real-time data on patient¢â‚¬â„¢s condition.
The neonatal ICU segment is expected to grow at a lucrative rate over the forecast period owing to an increase in premature births and infant mortality rates worldwide.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing healthcare expenditure, favorable government initiatives, and high adoption of advanced technologies in this region. For instance, The Joint Commission (TJC) established by the Organization for Economic Co-operation and Development (OECD) has developed a set of standards that all hospitals must adhere to when treating patients. These standards include providing data on vital signs such as heart rate, respiratory rate, temperature every 15 minutes during patient stay along with other required information such as blood pressure and body temperature at each admission or discharge from hospitalization.
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is leading to an increase in the number of patients requiring critical care and treatment in ICUs, which is subsequently fueling the demand for ICU vital signs monitors.
- Technological advancements: Rapid advancements in technology are resulting in the development of innovative and advanced ICU vital signs monitors. This is propelling the growth of the market as hospitals are increasingly adopting these new devices to improve patient care outcomes.
- Rising healthcare expenditure: The global healthcare expenditure is increasing rapidly due to factors such as population growth, aging population, and rising income levels across countries. This is boosting demand for better quality medical devices and services, including ICU vital signs monitors, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
ICU Vital Signs Monitor Market Research Report
By Type
High-acuity Monitors, Mid-acuity Monitors, Low-acuity Monitors
By Application
Adult ICU, Neonatal ICU
By Companies
Philips Healthcare, GE Healthcare, Nihon Kohden, Dragerwerk, Mindray, OSI (Spacelabs), Hill-Rom (Welch Allyn), Edan, Smiths Medical, Biolight, Schiller, Creative Medical, CAS Medical Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global ICU Vital Signs Monitor Market Report Segments:
The global ICU Vital Signs Monitor market is segmented on the basis of:
Types
High-acuity Monitors, Mid-acuity Monitors, Low-acuity Monitors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adult ICU, Neonatal ICU
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips Healthcare
- GE Healthcare
- Nihon Kohden
- Dragerwerk
- Mindray
- OSI (Spacelabs)
- Hill-Rom (Welch Allyn)
- Edan
- Smiths Medical
- Biolight
- Schiller
- Creative Medical
- CAS Medical Systems
Highlights of The ICU Vital Signs Monitor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-acuity Monitors
- Mid-acuity Monitors
- Low-acuity Monitors
- By Application:
- Adult ICU
- Neonatal ICU
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ICU Vital Signs Monitor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The ICU Vital Signs Monitor is a medical device that continuously monitors vital signs in an intensive care unit (ICU). These vital signs include heart rate, blood pressure, oxygen saturation, and temperature. The monitor can also measure respiration rate and carbon dioxide levels. This information can help doctors diagnose and treat patients in the ICU.
Some of the major companies in the icu vital signs monitor market are Philips Healthcare, GE Healthcare, Nihon Kohden, Dragerwerk, Mindray, OSI (Spacelabs), Hill-Rom (Welch Allyn), Edan, Smiths Medical, Biolight, Schiller, Creative Medical, CAS Medical Systems.
The icu vital signs monitor market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ICU Vital Signs Monitor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ICU Vital Signs Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ICU Vital Signs Monitor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ICU Vital Signs Monitor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ICU Vital Signs Monitor Market Size & Forecast, 2020-2028
4.5.1 ICU Vital Signs Monitor Market Size and Y-o-Y Growth
4.5.2 ICU Vital Signs Monitor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High-acuity Monitors
5.2.2 Mid-acuity Monitors
5.2.3 Low-acuity Monitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Adult ICU
6.2.2 Neonatal ICU
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ICU Vital Signs Monitor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ICU Vital Signs Monitor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High-acuity Monitors
9.6.2 Mid-acuity Monitors
9.6.3 Low-acuity Monitors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Adult ICU
9.10.2 Neonatal ICU
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High-acuity Monitors
10.6.2 Mid-acuity Monitors
10.6.3 Low-acuity Monitors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Adult ICU
10.10.2 Neonatal ICU
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High-acuity Monitors
11.6.2 Mid-acuity Monitors
11.6.3 Low-acuity Monitors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Adult ICU
11.10.2 Neonatal ICU
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High-acuity Monitors
12.6.2 Mid-acuity Monitors
12.6.3 Low-acuity Monitors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Adult ICU
12.10.2 Neonatal ICU
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High-acuity Monitors
13.6.2 Mid-acuity Monitors
13.6.3 Low-acuity Monitors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Adult ICU
13.10.2 Neonatal ICU
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ICU Vital Signs Monitor Market: Competitive Dashboard
14.2 Global ICU Vital Signs Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Healthcare
14.3.2 GE Healthcare
14.3.3 Nihon Kohden
14.3.4 Dragerwerk
14.3.5 Mindray
14.3.6 OSI (Spacelabs)
14.3.7 Hill-Rom (Welch Allyn)
14.3.8 Edan
14.3.9 Smiths Medical
14.3.10 Biolight
14.3.11 Schiller
14.3.12 Creative Medical
14.3.13 CAS Medical Systems
