12 Key Vendors in the Global Vital Signs Monitoring Devices Market

11 January 2021

Key players in the global vital signs monitoring market are focused on product approvals and launch to expand their product portfolio. These product launches are contributing to the technological advancements along with catering to the needs of consumers who are constantly demanding for these monitoring devices. The onset of COVID-19 pandemic across the globe has raised a critical challenge for the entire healthcare industry, thereby positively impacting the growth of the global vital signs monitoring devices market. In May 2019, Mindray and Masimo entered into an agreement, which includes integration of Mindray devices with Masimo sensors, i.e., Masimo SET. This agreement also helps in expanding the presence of these devices in regions, including Europe, the Middle East, Russia, and the Asia Pacific. The global vital signs monitoring market competition is expected to intensify with the growing number of products being launched, with safety guidelines and government regulations, and M&As.

The global vital signs monitoring devices market size to cross USD 15 billion by 2025, growing at a CAGR of approximately 8% during 2020-2025.

Read: Vital Signs Monitoring Devices Market Global Outlook and Forecast 2020-2025

Top 12 vendors functioning in the global vital signs monitoring devices market are discussed below:

  1. A&D Company

The A&D company started initially by manufacturing and distributing analog-to-digital converters and multimeters. A&D Company is a global corporation with distribution, sales, and marketing around the world, and manufacturing in Japan, China, Australia, and Korea.

Key Strategy: The A&D company is continuously focusing on new products and solutions as well as expanding its existing product offerings that are tailored to the different needs of global customers. This is likely to boost the company’s revenue growth in the upcoming years.

  1. Contec Medical Systems

Contec Medical Systems is focusing on manufacturing, research, and distribution of medical devices and instruments. The company’s worldwide distribution channels is expected to gain maximum target population, which will significantly contribute to the overall growth of the company during the forecast period.

Key Strategy: Contec Medical Systems is focusing on achieving various certifications such as CE mark, FDA approval ISO certification to expand its business in the global market and ensure the product quality and enhance its sales.

  1. GE Healthcare

In June 2018, GE Healthcare was announced as a standalone company. The company sells its products worldwide to medical facilities, hospitals, pharmaceutical and biotechnology companies. It has around 53,800 employees and serves in more than 140 countries with its innovative products. The company is looking forward to reducing the cost of equipment and devices by reducing the cost of imports. This will increase the sales of the company and will further contribute to its overall growth.

Key Strategy: GE Healthcare is aiming at expanding its business in developing economies such as China to experience growth and reduce the cost of import.

Read: Peripheral Intravenous Catheters Market Global Outlook and Forecast 2020-2025

  1. Hillrom

The companys smart beds are gaining traction and boosting its overall sales in the market. The company’s patient support systems revenue increased by 0.4% on a reported basis in the fiscal year 2018 compared to 2017. This increase was driven by strong growth in hospital bed systems, care communications platform, and patient handling equipment.

Key Strategy: Hillrom aims at offering high-quality products by gaining FDA certification to ensure end-users about the product quality. This will further assist the company in enhancing its sales.

  1. Koninklijke Philips

The company offers diversified technologies and focused on improving individual is lives through meaningful innovation. Koninklijke Philips’ healthcare business makes up 42% of global sales revenue. It is one of the health technologies companies that offer products through its diagnosis & treatment, connected care & health informatics, personal health, and other business segments.

Key Strategy: Koninklijke Philips is focusing on multiple year partnership with the leading healthcare institutes to increase its sales and brand awareness among customers.

  1. Masimo

Masimo is a global medical technology company that develops and manufactures innovative noninvasive patient monitoring technologies, medical devices, and a wide array of sensors. The increasing demand for Masimo’s wrist-worn pulse oximeters has triggered this agreement, which, in turn, is likely to favor the growth of the global vital signs monitoring market in the forthcoming years.

Key Strategy: Masimo is utilizing its customer base and OEM relationships to market its Masimo rainbow SET Products incorporating licensed rainbow technology.

Read: Transplant Diagnostics Market Global Outlook and Forecast 2020-2025

  1. Medtronic

The company is focusing on collaboration with various stakeholders across the world to uplift the healthcare future. Moreover, with the launch of innovative product and market leadership, the company has pioneered the advances in medical technology of all business segments.

Key Strategy: Medtronic has enhanced the clinical outcomes and economic value of their existing products, leading to continuous innovation and growth.

  1. NIHON KOHDEN

NIHON KOHDEN is expanding its products portfolio in emergency and home care products in its business segments to capture a wide range of patient population across the globe. America has the highest number of subsidiaries (ten), which captures the larger patient population and contributes to the increasing revenue of the company.

Key Strategy: NIHON KOHDEN is focusing on strengthening its business structure in the US, which is the world’s major market and the center of leading-edge medical care. This will assist the company in achieving its revenue growth.

  1. Nonin Medical

The company’s exclusive technologies are clinically proven to deliver consistent measurements for a broad range of patients and conditions. This vision has led the company to become one of the leading companies offering pulse oximeters in more than 125 countries.

Key Strategy: Nonin Medical is committed to technical innovations and product reliability that will help it to enhance its customer base and will also increase its revenue growth in the upcoming years.

Read: Cardiac Pacemaker Market Global Outlook and Forecast 2020-2025

  1. OMRON HEALTHCARE

OMRON HEALTHCARE market-leading products include a full range of home blood pressure monitors and pain management devices.

Key Strategy: The company is focusing on various M&As as well as increasing its subsidiaries. This will enable the company to boost its sales in the market.

  1. OSI Systems

OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense, and aerospace industries.

Key Strategy: The company is focusing on improving and complementing its existing medical technologies and further launch new products and cater to the needs of healthcare professionals and patients.

  1. Smiths Medical

Smiths Medical is one of the leading manufacturers and suppliers of specialized medical devices and equipment, focusing on the medication delivery, vital care, and safety devices market segments.

Key Strategy: The company has a strong geographical presence in more than 30 countries, that is increasing its sales and enabling business expansion.

Read: Left Atrial Appendage (LAA) Closure Devices Market Global Outlook and Forecast 2020-2025

You may reach us at:

enquiry@arizton.com

Jan 19, 2021

Impact of COVID-19 on the Electric Motors Industry

Industrial electric motors translate electrical energy into mechanical energy. These motors are used...

Jan 18, 2021

Top 6 Vendors in the Global Inverter Generator Market

The global inverter generator market competition is expected to strengthen with product extension, g...

Jan 18, 2021

Is North America Dominating the Global Neural Implants Market?

The global neural implants market is highly dynamic as end-users are understanding the clinical impo...