Market Overview:
The global vital signs patient monitor 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 incidence of chronic diseases, rising geriatric population, and technological advancements in patient monitoring devices. Based on type, the global vital signs patient monitor market is segmented into organic and conventional monitors. The organic monitors segment is expected to grow at a higher CAGR than the conventional monitors segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as growing consumer awareness about health and wellness, increasing demand for environment-friendly products, and stringent government regulations regarding use of harmful chemicals in food production processes. Based on application, the global vital signs patient monitor market is divided into food and beverage industry, pharmaceutical industry, aromatherapy sector, personal care sector (including homecare settings), and other applications (such as research institutes). The food and beverage industry segment accounted for majority share of the global vital signs patient monitor market in 2017 owing to increase in demand for processed foods across all regions.
Product Definition:
A Vital Signs Patient Monitor is a device used to measure and track a patient's vital signs, which are the most important signs of life. These include heart rate, blood pressure, respiratory rate, and oxygen saturation. Tracking these vital signs allows doctors and nurses to monitor a patient's health and ensure they are stable.
Organic:
Organic vital signs patient monitor is a new term in the healthcare market which means that the device or equipment used to record and display vital statistics of a person such as temperature, blood pressure, and heart rate is organic. It's usage has increased due to growing awareness among consumers regarding medical devices with no or minimal side effects.
Conventional:
Conventional Vital Signs Patient Monitor is a combination of traditional vital signs and new age patient monitors. Conventional VSPM combines the best features of both conventional vital signs and new-age patient monitors to provide complete information about the status of a patients health at any given time.
Application Insights:
The food and beverage application segment led the global market in 2017. This is attributed to the increasing demand for processed and ready-to-eat foods, which has resulted in a rapid growth of hospital kitchens across hospitals. The rising number of patients suffering from chronic diseases such as heart diseases, high blood pressure, diabetes mellitus and cancer have increased the need for monitoring patient vital signs at mealtime.
In addition, an increase in healthcare awareness among consumers has driven them to understand about better nutrition through various health magazines and newspapers that have influenced people to adopt healthier lifestyles including diet control along with regular exercise programs. These factors are expected to drive product demand over the forecast period. Vital sign monitors help healthcare professionals analyze patterns of disease & identify abnormalities quickly & easily.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare spending levels. The region is expected to maintain its dominance over the forecast period due to continuous technological advancements and increasing demand for cost-effective vital signs monitors.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving economic conditions, growing population aged 65 years and above, rising consumer disposable income levels resulting in improved access of quality medical care facilities which would subsequently drive product demand. Furthermore, government initiatives are being undertaken in order for developing countries such as India and China with abundant raw material supply & skilled labor force availability at a low cost per capita; thus making it an ideal manufacturing base for vital signs monitor devices across various industries including pharmaceuticals & food processing units.
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is primarily because of the changing lifestyle and dietary habits of people. As a result, there is an increased demand for diagnostic and monitoring devices such as vital signs patient monitors that can help in early diagnosis and treatment of these conditions.
- Technological advancements: Rapid technological advancements are taking place in the medical device industry, which is benefiting the vital signs patient monitor market significantly. For instance, manufacturers are now introducing portable devices that can be used for both home and hospital settings. This is helping to expand the reach of these monitors to a larger population base.
- Growing awareness about preventive healthcare: There has been a growing awareness among people about the importance of preventive healthcare in recent years. This has led to an increase in demand for diagnostic and monitoring devices such as vital signs patient monitors that can help identify health risks at an early stage and prevent them from becoming serious problems later on..
Scope Of The Report
Report Attributes
Report Details
Report Title
Vital Signs Patient Monitor Market Research Report
By Type
Organic, Conventional
By Application
Food and Beverage, Pharmaceutical Industry, Aromatherapy, Personal Care
By Companies
Ultra Group, Penta Manufacturing Company, The Lebermath Company Inc., Vigon International Inc., Vinayak Ingredients (INDIA)
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Vital Signs Patient Monitor Market Report Segments:
The global Vital Signs Patient Monitor market is segmented on the basis of:
Types
Organic, Conventional
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
Food and Beverage, Pharmaceutical Industry, Aromatherapy, Personal Care
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:
- Ultra Group
- Penta Manufacturing Company
- The Lebermath Company Inc.
- Vigon International Inc.
- Vinayak Ingredients (INDIA)
Highlights of The Vital Signs Patient 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:
- Organic
- Conventional
- By Application:
- Food and Beverage
- Pharmaceutical Industry
- Aromatherapy
- Personal Care
- 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 Patient 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:
- 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?
A Vital Signs Patient Monitor is a medical device that measures vital signs such as heart rate, blood pressure, and oxygen levels.
Some of the key players operating in the vital signs patient monitor market are Ultra Group, Penta Manufacturing Company, The Lebermath Company Inc., Vigon International Inc., Vinayak Ingredients (INDIA).
The vital signs patient 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 Vital Signs Patient 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 Vital Signs Patient Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vital Signs Patient 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 Vital Signs Patient 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 Vital Signs Patient Monitor Market Size & Forecast, 2020-2028
4.5.1 Vital Signs Patient Monitor Market Size and Y-o-Y Growth
4.5.2 Vital Signs Patient 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 Organic
5.2.2 Conventional
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 Food and Beverage
6.2.2 Pharmaceutical Industry
6.2.3 Aromatherapy
6.2.4 Personal Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vital Signs Patient 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 Vital Signs Patient 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 Organic
9.6.2 Conventional
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 Food and Beverage
9.10.2 Pharmaceutical Industry
9.10.3 Aromatherapy
9.10.4 Personal Care
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 Organic
10.6.2 Conventional
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 Food and Beverage
10.10.2 Pharmaceutical Industry
10.10.3 Aromatherapy
10.10.4 Personal Care
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 Organic
11.6.2 Conventional
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 Food and Beverage
11.10.2 Pharmaceutical Industry
11.10.3 Aromatherapy
11.10.4 Personal Care
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 Organic
12.6.2 Conventional
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 Food and Beverage
12.10.2 Pharmaceutical Industry
12.10.3 Aromatherapy
12.10.4 Personal Care
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 Organic
13.6.2 Conventional
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 Food and Beverage
13.10.2 Pharmaceutical Industry
13.10.3 Aromatherapy
13.10.4 Personal Care
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 Patient Monitor Market: Competitive Dashboard
14.2 Global Vital Signs Patient Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ultra Group
14.3.2 Penta Manufacturing Company
14.3.3 The Lebermath Company Inc.
14.3.4 Vigon International Inc.
14.3.5 Vinayak Ingredients (INDIA)
