Vital Signs Monitoring Devices Market Is Anticipated To Grow Hastily Due To Rising Number Of Healthcare Settings Primarily Hospitals Till 2025: Grand View Research, Inc.
The global vital sign monitoring devices market is expected
to reach USD 7.1 billion by 2025, according to a new report by Grand View
Research, Inc. Continuous efforts towards new product development, spurring
demand for the home healthcare services, increasing prevalence of chronic
diseases and rising number of healthcare settings are driving factor for the
remunerative growth of the market.
Development of comprehensive
vital sign monitors which can monitor blood pressure, pulse and temperature is
notable example of the development in this sector. Moreover, development of
wireless and portable devices improved patient compliance is focal area of the
development for the vital sign monitoring devices.
The prevalence of chronic
diseases is exponential over the decade, this can be accountable to the
sedentary lifestyle, pollution and stress. As a result, the prevalence of
diseases such as diabetes mellitus, hypertension, allergies and respiratory
disorders has increased rapidly. Hence, government, independent healthcare
organizations, and private players are engaged in creating awareness about to
take precautionary and preventive measures. This increasing awareness has led
to increased demand for these devices in hospital and home use.
U.S. vital signs monitoring
devices market, by product, 2014 - 2025 (USD Billion)
Browse full research report on
Vital
Signs Monitoring Devices Market
Further key findings from
the report suggest:
- Blood
pressure monitors held the largest share in product segment in 2016. This segment
is also anticipated to exhibit sturdy growth over the forecast period.
- Hospitals due
to greater patient volumes and greater financing abilities held commanding
share in end-user segment of vitals sign monitoring devices market.
- On the hand,
home healthcare is likely to grow as key end-user for the vital sign
monitoring devices. Home healthcare is cost efficient option compared to
hospitals.
- North America
is largest regional market for the vitals sign monitoring devices market
in 2016. However, Asia Pacific owing to policy reforms, and economic
developments is projected to exhibit fastest CAGR over the forecast
period.
- Some of the
key players in vital sign monitoring devices market include Koninklijke
Philips N.V., Medtronic, Nihon Kohden Corporation, GE Healthcare, Masimo,
Omron Healthcare, Contec Medical Systems Co. Ltd, A&D Company Ltd.,
Nonin Medical Inc., and SunTech Medical, Inc.
- New product
developments, collaborations, regional expansion, and mergers are key
strategic initiatives undertaken.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
Comments
Post a Comment