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Vital Signs Monitoring Systems Market to Gain Value of US$ 11.8 Bn by 2027, States TMR Study

Friday, 26 August 2022 11:03 AM

WILMINGTON, DE / ACCESSWIRE / August 26, 2022 / Transparency Market Research Inc. - The global vital signs monitoring systems market share is prognosticated to reach a value of US$ 11.8 Bn by the end of 2027, according to a research report by Transparency Market Research (TMR). Moreover, the market is for vital signs monitoring systems anticipated to expand at a CAGR of 5% during the forecast period of 2019 to 2027.

Transparency Market Research inc., Friday, August 26, 2022, Press release picture

The study by TMR offers panoramic view of the vital signs monitoring systems market. Hence, it covers assessment of the growth drivers, growth restraints, challenges, recent developments, and opportunities in the market.

The awareness about and the adoption of technological advancements such as telemedicine are being increasing across the healthcare industry of major developed and developing countries globally. This factor is likely to boost the growth opportunities in the global vital signs monitoring systems market in the near future, notes assessment by TMR. This aside, the demand for such next-gen products is expected to increase in the forthcoming years owing to varied advantages they offer in comparison with the conventional equipment, states a TMR report on the global vital signs monitoring systems market.

Key vital signs monitoring systems manufacturers across the globe are increasing focus on R&Ds in order to develop technologically advanced products. Moreover, players in the vital signs monitoring systems market are seen using the strategies of mergers, acquisitions, product approvals, and partnerships in order to stay ahead of the competition. These efforts are foreseen to result into growth prospects for vital signs monitoring systems market in the upcoming years.

The vital signs monitoring systems market is expected to gain significant business opportunities in Europe and North America during the forecast period, note analysts at TMR. The market growth is ascribed to many factors including a rise in the efforts to develop advanced technologies and increase in the use of innovative monitoring devices in these regions.

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Vital Signs Monitoring Systems Market: Key Findings

  • Due to hectic lifestyles, unhealthy eating habits, and no or less physical inactivity of major populace from developed and developing nations, there has been a surge in the cases of chronic diseases such as respiratory and cardiovascular diseases in these nations, according to a TMR report on the vital signs monitoring systems market. Moreover, the demand for highly efficient ECG monitoring is being increasing across the global healthcare industry. These factors are leading to sizable avenues for business in the vital signs monitoring systems market.
  • The adoption of wearable medical technology is being increasing in the recent years. Moreover, there has been a rise in the expansion of the healthcare IoT. These factors are expected to result into surge in demand for next-gen vital signs monitoring systems, notes a TMR study on the global vital signs monitoring systems market.

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Vital Signs Monitoring Systems Market: Growth Boosters

  • Increase in the cases of respiratory and cardiovascular diseases is expected to boost the demand for vital signs monitoring systems globally in the near future
  • The presence of favorable reimbursement policies is likely to drive the sales growth in the global market for vital signs monitoring systems

Vital Signs Monitoring Systems Market: Key Players

Some of the key players profiled in the report are:

  • Welch Allyn (Hill-Rom Services Inc.)
  • Medtronic
  • Koninklijke Philips N.V.
  • GE Healthcare (General Electric Company)
  • VitalConnect
  • OMRON Corporation
  • Masimo
  • Infinium Medical
  • BioBeat
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd

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Vital Signs Monitoring Systems Market Segmentation

Modality

  • Bench-top
  • Handheld
  • Wearable

Technology

  • Connected Devices
  • Conventional

Component

  • Consoles
  • Accessories & Consumables
  • Apps/Software

Product

  • Cardiovascular
    • ECG
    • Heart Rate
  • Blood Pressure Monitoring
  • Body Temperature
  • Pulse Oximetry
  • Capnography
  • Respiratory Rate

End User

  • Hospitals
  • Home Care
  • Ambulatory Surgical Centers
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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