Global Vital Signs Monitoring Market Demonstrates Strong Position

February 7, 2022 1:00 pm ET | Source: DelveInsight Business Research LLP DelveInsight Business Research LLP
NEW YORK, USA, Feb. 7, 2022 (GLOBE NEWSWIRE) -- The global vital signs monitoring market will grow at a CAGR of 7.94% over the forecast period (2021-2026) | Advanced Analytics
According to DelveInsight analysis, the growing burden of older adults, the rising prevalence of some lifestyle-related diseases such as respiratory and heart disease, and the increase in the number of approved product portfolios are some of the driving factors driving the expansion of the vital sign monitoring device market.
The DelveInsight Life Signs Monitors market status report provides data on the current and forecast Health Monitors market, upcoming developments by device, various device market shares, challenges, drivers and barriers, market trends, and key players in Vital Signs Monitors.
To select the latest highlights, get a snapshot of the highlights included in the Vital Signs Monitors market report.
Vital sign monitors are a useful tool for medical and nursing staff to obtain information about a patient's physiological state. It usually consists of a set of modules that measure several physiological indicators in real time. Patient monitor is another name for these monitors.
The market for vital signs monitoring devices is geographically studied in North America, Europe, Asia-Pacific and the rest of the world. However, North America is expected to dominate the global vital sign monitoring market. Increasing demand for technological improvements in remote patient monitoring devices or vital sign monitors, coupled with the growing prevalence of chronic diseases in the region, is driving the growth of the market in this region. In addition, the rising prevalence of respiratory diseases, higher R&D spending, favorable compensation for these devices, and the availability of advanced healthcare systems are driving factors for the vital sign monitor market in this region.
In addition, the vital sign monitoring device market could also benefit from the presence of established industry players such as Masimo, Nonin Medical Inc and Medtronic. The release of cutting-edge products and commercialization agreements between leading players are also expected to drive the market. For example, in March 2021, Nonin Medical, Inc. announced two new disposable devices — a disposable wristband and a sensor.
Vital sign monitors have gained popularity in recent years as the geriatric population has grown worldwide. This is due to the fact that older people are more prone to various chronic diseases and therefore need constant monitoring of the work of vital organs. In addition, the rising prevalence of lifestyle-related diseases is one of the main reasons for the increased demand for vital sign monitoring equipment. In addition, the increase in the number of approved products for various vital sign monitoring devices is expected to stimulate the market for vital sign monitoring devices.
On the contrary, certain factors, such as the high cost associated with a particular type of product, combined with user readiness and the insensitivity of certain monitoring devices, are expected to limit the growth rate of the vital sign monitor market.
In addition, the unprecedented COVID-19 pandemic has positively impacted the vital sign monitoring device market. This is due to the FDA's recent expansion of the use of portable vital sign monitors to provide remote patient care during the COVID-19 emergency to reduce hospital visits and the risk of contracting the coronavirus. In addition, the pandemic has allowed local manufacturers to launch new products for remote measurement of patient temperature, respiratory rate and other parameters.
To better understand the impact of COVID-19 on Vital Signs Monitors, get a snapshot of the Vital Signs Monitors market analysis.
Delveinsight Analysis: The vital sign monitor market is expected to grow at a CAGR of 7.94% to reach US$11.97 billion by 2026.
Learn more about which MedTech players will be trendsetters @vitalsignsmonitorMarketStructureAnalysis
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  • Post time: Jan-12-2023