Global Vital Signs Monitoring Market 2019-2023 released by 360 Research Reports considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Vital Signs Monitoring market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.
Top-Listed Players mentioned in Vital Signs Monitoring Market Research Report 2019-2023:
- A&D MEDICAL
- CONTEC MEDICAL SYSTEMS
- COVIDIEN PLC
- GE HEALTHCARE
- MASIMO CORPORATION
- NIHON KOHDEN
- PHILIPS HEALTHCARE
- SPACELABS HEALTHCARE
- SUNTECH MEDICAL INC.
- and WELCH ALLYN INC.
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Overview of Vital Signs Monitoring Market Report:
The vital signs monitoring market is expected to witness a CAGR of 6.61% during the forecast period, 2018-2023. North America is dominating the market due to rising demand of monitoring devices, public awareness and favorable reimbursement scenario in the region.
Rising Geriatric Population
Globally, there is a significant increase in the geriatric population. The NIH-funded Census Bureau reported that 8.5 percent of people worldwide is aged 65 and above, and is projected to reach nearly up to 17 percent by 2050. American population that is 65 and above, is projected to nearly double over the next three decades, from 48 million to 88 million. CDC reports that, 70% of the US adults aged 65 years or more have high blood pressure and only about half of them have it under control. Increasing incidences of age-related ailments will lead to a rise in hospital and ambulatory admissions. Vital signs measurement is always the first step once a patient is admitted. Thus, increasing geriatric population is driving the growth of the global vital monitoring market.
Factors such as, increasing applications in emergency-medicine and ambulatory-care, high demand for advanced algorithm-based monitoring equipment, and increase in demand for home care monitoring equipment, are also fuelling the growth of the vital signs monitoring market.
User Readiness and Unresponsiveness of Some Monitoring Devices
The FDAs Manufacturer and User Facility Device Experience (MAUDE) database shows 566 alarm-related death reports from 2005 to 2008. Follow-up investigations often showed that users werent familiar with the working of the monitoring equipment, and had not checked the monitors alarm status. In such events, users fail to recognize or confirm the status of the alarms or dysrhythmia detection. Alarms can very easily be disabled or silenced, either temporarily or permanently. It is also very easy to overlook onscreen symbols that indicate that an important feature (such as dysrhythmia detection or alarm volume) is not engaged or available. This acts as a restraint for the global vital signs monitoring market.
Additionally, competitive pricing, presence of counterfeit products, and increasing threat from alternatives are hindering the growth of this market.
North America is dominating the market
The United States is the largest market for the vital signs monitoring devices in North America. It is also a major market for blood pressure monitors. The recent increase in the number of public awareness campaigns by the government and non-government organizations, for cardiovascular diseases has motivated a large section of the population to participate in regular tests and check-ups. The presence of a favorable reimbursement scenario in the United States has allowed vendors to offer various health monitoring equipment.
Major Players – A&D MEDICAL, CONTEC MEDICAL SYSTEMS, COVIDIEN PLC, GE HEALTHCARE, MASIMO CORPORATION, MINDRAY, NIHON KOHDEN, PHILIPS HEALTHCARE, SPACELABS HEALTHCARE, SUNTECH MEDICAL INC., and WELCH ALLYN INC. amongst others.
Key questions answered in this report
- What will be the Market size in 2024 and what will be the growth rate?
- What are the key factors driving the global Vital Signs Monitoring Market?
- Who are the key vendors in this Vital Signs Monitoring Market space?
- What are the challenges to Market growth?
- What are the Vital Signs Monitoring Market opportunities and threats faced by the vendors in the global Vital Signs Monitoring industry?
- What are the strengths and weaknesses of the key vendors?
- What are sales, revenue, and price analysis by types and applications of Vital Signs Monitoring Market?
- What are sales, revenue, and price analysis by regions of Vital Signs Monitoring industry?
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Reasons to Purchase the Report
Our report offers:
- Market share assessments for the regional and country level segments.
- Market share analysis of the top industry players.
- Strategic recommendations for the new entrants.
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Strategic recommendations in key business segments based on market estimations.
Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments.
Supply chain trends mapping the latest technological advancements.
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Top Most Regions Covered In Vital Signs Monitoring Market Research Report 2019-2023:
- United States
- United Kingdom
- South Korea
- South Africa
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
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