The Vital Parameter Monitoring Devices And Equipment Global Market Report 2023 by The Business Research Company, provides vital parameter monitoring devices and equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Vital Parameter Monitoring Devices And Equipment Global Market Report 2023, the market size is expected to grow from $6.62 billion in 2022 to $7.13 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vital parameter monitoring devices and equipment market size is expected to grow to $9.14 billion in 2027 at a CAGR of 6.4%.
An increase in the geriatric population globally is driving the vital parameter monitoring devices and equipment market. Old people are more prone to medical conditions and diseases and require monitoring of vital health parameters.
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The vital parameter monitoring devices and equipment market is segmented:
1) By Product Type: Blood Pressure Monitoring Devices, Pulse Oximeters, Temperature Monitoring Devices
2) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Home Care Settings
3) By Blood Pressure Monitoring Devices: Aneroid BP Monitors, Digital BP Monitors, Ambulatory BP Monitors, Blood Pressure Instrument Accessories
4) By Pulse Oximeters: Table-top/Bedside Pulse Oximeters, Fingertip Pulse Oximeters, Hand-held Pulse Oximeters, Wrist-worn Pulse Oximeters, Pediatric Pulse Oximeters
5) By Temperature Monitoring Devices: Digital Thermometers, Infrared Thermometers, Temperature Strips
Vital parameter monitoring devices and equipment companies are increasingly investing in the research and development of wearable health devices (WHDs). WHDs are smart electronic devices that can be worn by a consumer and are capable of tracking information related to health and fitness. These devices facilitate better monitoring of health and can help in early diagnosis and guidance from doctors. For instance, the ViSi Mobile developed by Sotera Wireless is a wearable device that can provide many vital parameters such as heart rate, respiration rate, oxygen saturation, pulse rate, etc. VitalTag is another wearable device developed as part of the Department of Homeland Security Science and Technology Directorate program to detect and monitor heart rate, blood oxygen levels, body temperature, and blood pressure. Current Health recently got FDA approval for an artificial intelligence-powered wearable device that monitors patient vital signs at the hospital and home.
The vital parameter monitoring devices and equipment market report table of contents includes:
- Executive Summary
- Vital Parameter Monitoring Devices And Equipment Market Characteristics
- Vital Parameter Monitoring Devices And Equipment Market Trends And Strategies
- Vital Parameter Monitoring Devices And Equipment Market – Macro Economic Scenario
- Vital Parameter Monitoring Devices And Equipment Market Size And Growth
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- Africa Vital Parameter Monitoring Devices And Equipment Market
- Vital Parameter Monitoring Devices And Equipment Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Vital Parameter Monitoring Devices And Equipment Market
- Vital Parameter Monitoring Devices And Equipment Market Future Outlook and Potential Analysis
- Appendix
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