Market Overview:
The global vital signs equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in vital signs monitoring devices. Based on type, the global vital signs equipment market is segmented into traditional monitoring devices and microwave monitoring devices. Traditional monitoring devices are further sub-segmented into sphygmomanometers, thermometers, stethoscopes, pulse oximeters and other traditional monitors. Microwave monitoring devices are further sub-segmented into Doppler blood pressure monitors and microwave thermometers.
Product Definition:
A vital sign is a measure of the state of a biological system. The four most common vital signs are heart rate, breathing rate, blood pressure and body temperature.
Traditional Monitoring Devices:
Traditional monitoring devices are the non-invasive vital signs monitors which includes temperature, blood pressure, pulse rate and respiration. These devices are used to monitor a patient’s vitals during routine checkups or surgeries. The traditional monitoring device market is driven by factors such as increasing prevalence of chronic diseases and rising demand for home healthcare services along with supportive government initiatives in countries like India and China where there is an increase in geriatric population base.
Microwave Monitoring Devices:
It is a device used to observe the vital signs of patient such as temperature, blood pressure, and heart rate. It works on the principle of electromagnetic radiation. Microwave monitoring devices are more accurate than infrared or digital thermometers because they use narrow beam for measuring body temperature which helps in minimizing errors.
Advantages: It provides faster results when compared to other devices and it's accuracy is more than 90%.
Application Insights:
The household application segment accounted for the largest revenue share of over 50% in 2017. The rising need for health monitoring and early detection among households is expected to be a key factor driving the demand over the forecast period. According to a study published by National Cancer Center Japan, it was observed that women aged between 40-49 years are more likely to develop breast cancer than other age groups due to low levels of oestrogen and progesterone secretion during menstrual cycle. This led researchers from NCJRFto launch a public awareness campaign about breast self-examination under ¢â‚¬ËœMaeil Breast Health Campaign¢â‚¬â„¢s direction, which is anticipated to further boost market growth in near future.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the increasing prevalence of chronic diseases, such as heart failure, respiratory failure, and diabetes. Moreover, an increase in healthcare expenditure and favorable reimbursement policies are also expected to drive regional demand over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising geriatric population and awareness about early disease detection techniques coupled with a rise in disposable income levels of consumers. Furthermore, economic development along with improvement in healthcare infrastructure is further anticipated to boost regional demand for vital signs equipment during the forecast period (2018-2030).
In Latin America vital signs equipment has witnessed significant adoption owing its growing importance across several countries such as Brazil and Mexico among others due its high incidence rate of chronic diseases like cancer & cardiovascular disorders & respiratory problems etc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery procedures, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. The use of vital signs equipment in minimally invasive surgeries will thus see increasing demand in the coming years.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as heart disease, stroke, and diabetes is on the rise globally due to changing lifestyles and aging populations. This has led to an increase in the demand for diagnostic tests and treatments, which in turn is driving growth in the vital signs equipment market.
- Technological advancements: Rapid advancements are being made in the field of medical technology, with new devices being developed constantly that are more efficient and accurate than their predecessors. This trend is benefiting the vital signs equipment market as hospitals upgrade their existing systems or purchase new ones altogether to keep up with these advances.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vital Signs Equipment Market Research Report
By Type
Traditional Monitoring Devices, Microwave Monitoring Devices
By Application
Hospital Application, Household Application
By Companies
Philips, General Electric, Hill-Rom, Spacelabs Healthcare, Nihon Kohden Corporation, CAS Medical Systems, Smiths Group plc, Infinium Medical, Mindray Medical International Limited, Biolight, Creative Medical, ContecMedical 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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Vital Signs Equipment Market Report Segments:
The global Vital Signs Equipment market is segmented on the basis of:
Types
Traditional Monitoring Devices, Microwave Monitoring Devices
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
Hospital Application, Household Application
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
- General Electric
- Hill-Rom
- Spacelabs Healthcare
- Nihon Kohden Corporation
- CAS Medical Systems
- Smiths Group plc
- Infinium Medical
- Mindray Medical International Limited
- Biolight
- Creative Medical
- ContecMedical Systems
Highlights of The Vital Signs Equipment 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:
- Traditional Monitoring Devices
- Microwave Monitoring Devices
- By Application:
- Hospital Application
- Household Application
- 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 Vital Signs Equipment 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Vital signs equipment is a medical device used to measure the body's vital signs, such as heart rate, blood pressure, and temperature.
Some of the key players operating in the vital signs equipment market are Philips, General Electric, Hill-Rom, Spacelabs Healthcare, Nihon Kohden Corporation, CAS Medical Systems, Smiths Group plc, Infinium Medical, Mindray Medical International Limited, Biolight, Creative Medical, ContecMedical Systems.
The vital signs equipment market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vital Signs Equipment 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 Vital Signs Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vital Signs Equipment 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 Vital Signs Equipment 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 Vital Signs Equipment Market Size & Forecast, 2020-2028
4.5.1 Vital Signs Equipment Market Size and Y-o-Y Growth
4.5.2 Vital Signs Equipment 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 Traditional Monitoring Devices
5.2.2 Microwave Monitoring Devices
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 Hospital Application
6.2.2 Household Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vital Signs Equipment 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 Vital Signs Equipment 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 Traditional Monitoring Devices
9.6.2 Microwave Monitoring Devices
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 Hospital Application
9.10.2 Household Application
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 Traditional Monitoring Devices
10.6.2 Microwave Monitoring Devices
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 Hospital Application
10.10.2 Household Application
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 Traditional Monitoring Devices
11.6.2 Microwave Monitoring Devices
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 Hospital Application
11.10.2 Household Application
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 Traditional Monitoring Devices
12.6.2 Microwave Monitoring Devices
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 Hospital Application
12.10.2 Household Application
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 Traditional Monitoring Devices
13.6.2 Microwave Monitoring Devices
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 Hospital Application
13.10.2 Household Application
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 Vital Signs Equipment Market: Competitive Dashboard
14.2 Global Vital Signs Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips
14.3.2 General Electric
14.3.3 Hill-Rom
14.3.4 Spacelabs Healthcare
14.3.5 Nihon Kohden Corporation
14.3.6 CAS Medical Systems
14.3.7 Smiths Group plc
14.3.8 Infinium Medical
14.3.9 Mindray Medical International Limited
14.3.10 Biolight
14.3.11 Creative Medical
14.3.12 ContecMedical Systems
