Growing Importance of Vital Signs Monitoring Devices in Home Care Settings to Boost Revenue Growth of the Global Vital Signs Monitoring Devices Market

Valley Cottage, NY, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Vital signs monitoring involves measurement of heart rate, respiratory rate, temperature and blood pressure, in order to assess the physical functioning of the body. The global vital signs monitoring devices market has been segmented on the basis of product type, mount type, end use and region. Based on product type, the market has been segmented into four segments, namely monitors, temperature measurement devices, blood pressure measurement devices and standalone pulse oximeters. The monitors segment is further classified into three sub-segments, namely low acuity monitors, mid acuity monitors and high acuity monitors. Besides, the temperature measurement devices segment is sub-segmented into liquid-filled thermometers, digital thermometers and infrared thermometers. The blood pressure measurement devices segment has been sub-segmented into sphygmomanometers and automated blood pressure monitors. Based on mount type, the vital signs monitoring devices market has been segmented into standalone and portable. Based on end use, the global vital signs monitoring devices market has been segmented into hospitals, clinics, ambulatory surgical centres and home care settings.

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Market Value and Forecast

Monitors segment is a high value and low volume segment that accounted for 41.2% share of the global vital signs monitoring devices market in 2016. Monitors segment is expected to expand at a significant CAGR, more than the CAGR projected for the global vital signs monitoring devices market over the forecast period. Among all the segments, the temperature measurement devices segment has been the most dominant segment in terms of volume, which stood at 31,465 units in the global vital signs monitoring devices market by the end of 2016. The standalone pulse oximeters segment is projected to be the fastest growing segment owing to its increasing adoption in home care settings.

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Parent Market Scenario

Patient monitoring is part of patient care in emergency rooms, operating rooms, intensive care units and critical care settings. Patient monitoring devices is the parent market of vital signs monitoring devices. Patient monitoring devices include devices used for monitoring vital signs, hemodynamic, neurologic and brain functions. Vital signs monitoring devices are used in hospitals, clinics, ambulatory surgical centres and home care settings. The patient monitoring devices market was valued at approximately US$ 4.1 Bn in 2016. The global vital signs monitoring devices market held more than 40% of the share of the global patient monitoring devices market in 2016.

Regional Forecast

Based on region, the global vital signs monitoring devices market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and the Middle East and Africa. North America is expected to dominate the global vital signs monitoring devices market, accounting for around 39.3% market share by the end of 2016, and is anticipated to remain dominant till the end of 2027. North America and Western Europe collectively accounted for over 54.1% share of the global vital signs monitoring devices market in 2016. Among all the regions, Asia Pacific Excluding Japan, the Middle East & Africa and Latin America are anticipated to expand at the highest CAGRs during the forecast period from 2017 to 2027.

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