The vital sign wearable monitoring equipments are likely to fuel the growth market growth both in developing as well as developed economies.
According to the latest Arizton's market research report, the global vital signs monitoring equipment market size to cross USD 15 billion by 2025, growing at a CAGR of around 8% during the forecast period.
Vital Signs Monitoring Equipment Market Growth
The increasing patient population and COVID-19 cases is fueling the demand for vital sign monitors that will enable care providers to assist patient population that is boosting the vital signs monitoring equipment market growth. The availability of sophisticated and advanced healthcare facilities is increasing the adoption of advance medical equipment such as vital signs monitoring equipment across the globe. Increasing number of emergency visits and hospital visits for regular health check is surging the usage of vital sign monitoring equipment, thereby boosting the market growth. The APAC, China, Japan, India, South Korea, and Australia are the major revenue contributors in the vital signs monitoring equipment market.
Growing Demand for Wearable Vital Sign Monitoring Equipment
Wearable health devices are increasingly helping people to monitor their health status both at an activity or fitness level for self-health tracking. Wearable sensors are capable of recording heart rate, respiration rate, temperature, movement, and other vital signs monitoring equipment. The wristband connects to sensors on the patient on body parts such as the thumb and chest. These usages of wearable vital signs monitoring equipment, in medical facility are likely to boost the market growth. With the improving healthcare infrastructure and the rising adoption of advanced features, the vital sign wearable monitoring devices are likely to fuel the growth market growth both in developing as well as developed economies.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, patient group, end-users, and geography
- Competitive Landscape – 12 Key Company Profiles and 37 Other Prominent Vendors
Vital Signs Monitoring Equipment Market – Geographic Analysis
North America is dominating the vital signs monitoring equipment market and is expected to continue its stronghold for some more years. Rapid advancements in technology, robust healthcare systems, favorable reimbursement policies, and a high concentration of key stakeholders in the vital signs monitoring equipment market are some of the factors that have made North America and Europe key regions for investments and growth. North America is a test bed for tech-enabled advancements in the healthcare industry, including remote and wireless vital signs monitoring equipment. The region is characterized by a well-established ecosystem of prominent vital signs monitoring equipment market players.
The vital signs monitoring equipment market is highly competitive and consist of several major players. The market is divided by the presence of various global, local, and regional manufacturers. The continuous technological advancements and product innovations, mid-sized and emerging vendors are increasing their market presence by introducing new products at competitive price in the vital signs monitoring equipment market. The major vendors are continuously competing among themselves for the leading position, with occasional spurts of competition coming from other local vendors in the vital signs monitoring equipment market. The market competition is expected to intensify further with the growing number of products being launched, safety guidelines and government regulation, and M&As.
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