North America was the largest region in the vital parameter monitoring devices and equipment market in 2018. This region is expected to remain the largest during the next five years. The vital parameter monitoring devices and equipment market in Asia Pacific is forecasted to register the highest CAGR during 2018-2023.
The vital parameter monitoring devices and equipment market consists of sales of vital parameter monitoring devices and equipment and related services. Vital parameter monitoring devices are used to monitor critical parameters such as blood pressure, heart rate, and other physiological parameters.
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Vital Parameter Monitoring Devices And Equipment Market Size
The global vital parameter monitoring devices and equipment market was valued at about $5.6 billion in 2018 and is expected to grow to $6.86 billion at a CAGR of 5.2% through 2022.
Increase in 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. According to the United Nations World Population Prospects, in 2017, geriatric population was estimated to be around 962 million and is expected to increase to 2.1 billion globally by 2050. The increasing number of old age patients seeking treatments and surgeries is contributing to market growth.
Major players in the global Vital Parameter Monitoring Devices And Equipment market include Welch Allyn (Hill-Rom Holdings), SunTech Medical (Halma plc), Masimo Corporation, General Electric Company and Medtronic plc.
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Few Points from Table of Contents:
1. Executive Summary
2. Vital Parameter Monitoring Devices And Equipment Market Characteristics
3. Vital Parameter Monitoring Devices And Equipment Market Size And Growth
3.1. Global Vital Parameter Monitoring Devices And Equipment Historic Market, 2014 – 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Vital Parameter Monitoring Devices And Equipment Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Vital Parameter Monitoring Devices And Equipment Market Segmentation
4.1. Global Vital Parameter Monitoring Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Blood Pressure Monitoring Devices
Pulse Oximeters
Temperature Monitoring Devices
4.2. Global Vital Parameter Monitoring Devices And Equipment Market, Segmentation By End User, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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