The global “Vital Signs Monitoring Devices Market” is expected to gain momentum from their increasing demand from several healthcare institutions to control the spread of the corona virus infection. The U.S. Food and Drug Administration (FDA), for instance, put forward a new guideline in March 2020 that enables the manufacturers of specific FDA-cleare dsign monitoring devices to broaden their utilization.
It would aid the healthcare providers in remotely monitoring patients. This information is given by Fortune Business Insights™ in a new report, titled, “Vital Signs Monitoring Devices Market Size, Share COVID-19 Impact Analysis, By Type (Pulse-oximeters, Temperature Monitors, Blood Pressure Monitors), By End User (Hospitals and Ambulatory Surgical Centers, Clinics, Home Care Settings and Others), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 4.63 billion in 2019 and is projected to reach USD 11.55 billion by 2027, exhibiting a CAGR of 11.0% during the forecast period.
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Major Vital Signs Monitoring Devices Market Key players covered in the report include:
- Koninklijke Philips N.V.
- Nihon Kohden Corporation
- GE Healthcare
- Omron Healthcare
- Contec Medical Systems Co. Ltd
- AD Company Ltd.
- Nonin Medical Inc.
- SunTech Medical, Inc.
- Other Players
Vital Signs Monitoring Devices Market Analysis 2021:
Rising Entry of Numerous Manufacturers to Augment Growth in Asia Pacific
Geographically, North Americagenerated revenue of USD 2.77 billion in 2019 and is anticipated to dominate the market throughout the forthcoming years. This growth is attributable to the higher incidence of chronic disorders associated with sedentary lifestyle in this region. As per a study by the International Diabetes Federation, in the U.S., around 48 million people were suffering from diabetes in 2019. This factor would also propel the market growth in this region.
Asia Pacific, on the other hand, is likely to exhibit a considerable CAGR owing to the entry of a large number of manufacturers in the region. Apart from that, the increasing awareness programs regarding multiple benefits of Vital Signs Monitoring Deviceswould accelerate growth in this region.
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