Vital Signs Equipment Market Strategies, Trends, and Forecast - 2031
As the name indicates Vital Functions are the most important functions of the body. There are major four vital body functions which are examined and monitored by healthcare providers. The Vital body signs mainly includes body temperature, pulse rate, oxygen levels and the blood pressure. These vital symptoms are the first sign of detecting any abnormality in the body. The equipment which are used to monitor vital signs are called as Vital Sign Equipment. Most of such equipment are digital now a days but conventional one are also been commonly used by healthcare professionals.
MARKET DYNAMICS
The driving factors for Vital Signs Equipment Market includes increasing prevalence of acute and chronic diseases along with rising geriatric population across the globe. However, presence of some fake equipment along with high cost of them can be a restraining factor for the market.
MARKET SCOPE
The "Vital Signs Equipment Market" is a specialized and in-depth study of the Medical Device industry with a special focus on the global market trend analysis. The report aims to provide an overview of Vital Signs Equipment Market with detailed market segmentation by Product type, and end user. The Vital Signs Equipment Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Vital Signs Equipment Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Vital Signs Equipment market is segmented on the basis of Product type, and End User. Based on product type the market is segmented as, temperature monitoring devices, blood pressure monitors, and pulse oximeters. Based on End user it is segmented as, hospitals, physician's office, home healthcare, ambulatory centers and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Vital Signs Equipment Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Vital Signs Equipment Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting Vital Signs Equipment Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Vital Signs Equipment Market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Vital Signs Equipment Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Vital Signs Equipment Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting Vital Signs Equipment Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Vital Signs Equipment Market in these regions.
MARKET PLAYERS
The report covers key developments in the Vital Signs Equipment Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Vital Signs Equipment Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Vital Signs Equipment Market in the global market. Below mentioned is the list of few companies engaged in the Vital Signs Equipment Market.
The report also includes the profiles of key players in Vital Signs Equipment Market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- Medtronic
- Boston Scientific Corporation
- Natus Medical Incorporation
- Smiths Group
- GENERAL ELECTRONIC COMPANY
- Masimo
- A & D Company Limited
- Nonin
- Welch Allyn
- Briggs Healthcare
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Blood Pressure Monitors segment, by product type, dominated the market in 2023.
Players operating in the market are Medtronic, Boston Scientific Corporation, Natus Medical Incorporation, Smiths Group, GENERAL ELECTRONIC COMPANY, Masimo, A & D Company Limited, Nonin, Welch Allyn, Briggs Healthcare
North America region dominated the Vital Signs Equipment market in 2023.
Development of Non-invasive Monitoring act as a opportunity for growth of the market in forecast period.
The Vital Signs Equipment Market is estimated to witness a CAGR of 7.1% from 2023 to 2031
The major factors driving the Vital Signs Equipment market are:
1. Technological Advancements
2. Rising Healthcare Awareness
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vital Signs Equipment Market - By Product Type
1.3.2 Vital Signs Equipment Market - By End User
1.3.3 Vital Signs Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VITAL SIGNS EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VITAL SIGNS EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VITAL SIGNS EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. VITAL SIGNS EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. VITAL SIGNS EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VITAL SIGNS EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. BLOOD PRESSURE MONITORS
7.3.1. Overview
7.3.2. Blood Pressure Monitors Market Forecast and Analysis
7.4. PULSE OXIMETERS
7.4.1. Overview
7.4.2. Pulse Oximeters Market Forecast and Analysis
7.5. TEMPERATURE MONITORING DEVICES
7.5.1. Overview
7.5.2. Temperature Monitoring Devices Market Forecast and Analysis
8. VITAL SIGNS EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. HOME HEALTHCARE
8.4.1. Overview
8.4.2. Home healthcare Market Forecast and Analysis
8.5. PHYSICIAN'S OFFICE
8.5.1. Overview
8.5.2. Physician's office Market Forecast and Analysis
8.6. AMBULATORY CENTERS
8.6.1. Overview
8.6.2. Ambulatory Centers Market Forecast and Analysis
8.7. OTHERS.
8.7.1. Overview
8.7.2. Others. Market Forecast and Analysis
9. VITAL SIGNS EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Vital Signs Equipment Market Overview
9.1.2 North America Vital Signs Equipment Market Forecasts and Analysis
9.1.3 North America Vital Signs Equipment Market Forecasts and Analysis - By Product Type
9.1.4 North America Vital Signs Equipment Market Forecasts and Analysis - By End User
9.1.5 North America Vital Signs Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Vital Signs Equipment Market
9.1.5.1.1 United States Vital Signs Equipment Market by Product Type
9.1.5.1.2 United States Vital Signs Equipment Market by End User
9.1.5.2 Canada Vital Signs Equipment Market
9.1.5.2.1 Canada Vital Signs Equipment Market by Product Type
9.1.5.2.2 Canada Vital Signs Equipment Market by End User
9.1.5.3 Mexico Vital Signs Equipment Market
9.1.5.3.1 Mexico Vital Signs Equipment Market by Product Type
9.1.5.3.2 Mexico Vital Signs Equipment Market by End User
9.2. EUROPE
9.2.1 Europe Vital Signs Equipment Market Overview
9.2.2 Europe Vital Signs Equipment Market Forecasts and Analysis
9.2.3 Europe Vital Signs Equipment Market Forecasts and Analysis - By Product Type
9.2.4 Europe Vital Signs Equipment Market Forecasts and Analysis - By End User
9.2.5 Europe Vital Signs Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Vital Signs Equipment Market
9.2.5.1.1 Germany Vital Signs Equipment Market by Product Type
9.2.5.1.2 Germany Vital Signs Equipment Market by End User
9.2.5.2 France Vital Signs Equipment Market
9.2.5.2.1 France Vital Signs Equipment Market by Product Type
9.2.5.2.2 France Vital Signs Equipment Market by End User
9.2.5.3 Italy Vital Signs Equipment Market
9.2.5.3.1 Italy Vital Signs Equipment Market by Product Type
9.2.5.3.2 Italy Vital Signs Equipment Market by End User
9.2.5.4 Spain Vital Signs Equipment Market
9.2.5.4.1 Spain Vital Signs Equipment Market by Product Type
9.2.5.4.2 Spain Vital Signs Equipment Market by End User
9.2.5.5 United Kingdom Vital Signs Equipment Market
9.2.5.5.1 United Kingdom Vital Signs Equipment Market by Product Type
9.2.5.5.2 United Kingdom Vital Signs Equipment Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Vital Signs Equipment Market Overview
9.3.2 Asia-Pacific Vital Signs Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Vital Signs Equipment Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Vital Signs Equipment Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Vital Signs Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Vital Signs Equipment Market
9.3.5.1.1 Australia Vital Signs Equipment Market by Product Type
9.3.5.1.2 Australia Vital Signs Equipment Market by End User
9.3.5.2 China Vital Signs Equipment Market
9.3.5.2.1 China Vital Signs Equipment Market by Product Type
9.3.5.2.2 China Vital Signs Equipment Market by End User
9.3.5.3 India Vital Signs Equipment Market
9.3.5.3.1 India Vital Signs Equipment Market by Product Type
9.3.5.3.2 India Vital Signs Equipment Market by End User
9.3.5.4 Japan Vital Signs Equipment Market
9.3.5.4.1 Japan Vital Signs Equipment Market by Product Type
9.3.5.4.2 Japan Vital Signs Equipment Market by End User
9.3.5.5 South Korea Vital Signs Equipment Market
9.3.5.5.1 South Korea Vital Signs Equipment Market by Product Type
9.3.5.5.2 South Korea Vital Signs Equipment Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Vital Signs Equipment Market Overview
9.4.2 Middle East and Africa Vital Signs Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Vital Signs Equipment Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Vital Signs Equipment Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Vital Signs Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Vital Signs Equipment Market
9.4.5.1.1 South Africa Vital Signs Equipment Market by Product Type
9.4.5.1.2 South Africa Vital Signs Equipment Market by End User
9.4.5.2 Saudi Arabia Vital Signs Equipment Market
9.4.5.2.1 Saudi Arabia Vital Signs Equipment Market by Product Type
9.4.5.2.2 Saudi Arabia Vital Signs Equipment Market by End User
9.4.5.3 U.A.E Vital Signs Equipment Market
9.4.5.3.1 U.A.E Vital Signs Equipment Market by Product Type
9.4.5.3.2 U.A.E Vital Signs Equipment Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Vital Signs Equipment Market Overview
9.5.2 South and Central America Vital Signs Equipment Market Forecasts and Analysis
9.5.3 South and Central America Vital Signs Equipment Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Vital Signs Equipment Market Forecasts and Analysis - By End User
9.5.5 South and Central America Vital Signs Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Vital Signs Equipment Market
9.5.5.1.1 Brazil Vital Signs Equipment Market by Product Type
9.5.5.1.2 Brazil Vital Signs Equipment Market by End User
9.5.5.2 Argentina Vital Signs Equipment Market
9.5.5.2.1 Argentina Vital Signs Equipment Market by Product Type
9.5.5.2.2 Argentina Vital Signs Equipment Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VITAL SIGNS EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. BOSTON SCIENTIFIC CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MEDTRONIC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NATUS MEDICAL INCORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SMITHS GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MASIMO
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GENERAL ELECTRONIC COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. A& D COMPANY LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NONIN
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WELCH ALLYN
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BRIGGS HEALTHCARE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Boston Scientific Corporation
2. Medtronic
3. Natus Medical Incorporation
4. Smiths Group
5. Masimo
6. GENERAL ELECTRONIC COMPANY
7. A& D Company Limited
8. Nonin
9. Welch Allyn
10. Briggs Healthcare
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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