Market Research Logo

Global Vital Signs Monitoring Devices Market 2016-2020

Global Vital Signs Monitoring Devices Market 2016-2020

About Vital Signs Monitoring Devices

Vital sign monitors are used to measure body temperature, heart rate, respiration rate, and blood pressure. Vital signs can be measured, monitored, and observed with the use of several diagnostic devices. These devices have applications in both fitness monitoring and medical diagnostics. It also provides information related to abnormalities of a patient to medical professionals, representing further medical attention for the treatment of vital signs.

Technavio’s analysts forecast the global vital signs monitoring market to grow at a CAGR of 6.81% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global vital signs monitoring market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of vital signs monitoring devices.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Vital Signs Monitoring Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Medtronic
  • Philips Healthcare
  • Smiths Medical
  • Welch Allyn
Other prominent vendors
  • Briggs Healthcare
  • Drägerwerk
  • Edan Instruments
  • ERKA
  • Masimo
  • Microlife
  • Mindray Medical International
  • Nihon Kohden
  • Nonin Medical
  • Omron Healthcare
  • Spacelabs Healthcare
  • Withings
Market driver
  • Paradigm shift toward minimally and non-invasive hemodynamic monitoring
  • For a full, detailed list, view our report
Market challenge
  • Competitive pricing pressure and presence of counterfeit products
  • For a full, detailed list, view our report
Market trend
  • Growing adoption of product bundling strategy by vendors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Vital Signs Monitoring Market 2016-2020

Technavio recognizes the following companies as the key players in the global vital signs monitoring market: Medtronic, Philips Healthcare, Smiths Medical, and Welch Allyn

Other Prominent Vendors in the market are: Briggs Healthcare, Drägerwerk, Edan Instruments, ERKA, Masimo, Microlife, Mindray Medical, Nihon Kohden, Nonin Medical, Omron Healthcare, Spacelabs Healthcare, and Withings.

Commenting on the report, an analyst from Technavio’s team said: “Vendors are bundling two or more products or services to achieve product differentiation and provide better products. For example, along with vital signs monitors, vendors are offering accessories for patients to monitor their blood pressure levels. Patients consider using such packaged offerings to individual products as they prove to be cost-effective. In addition, vendors have started offering personal testing kits that include blood pressure monitors, thermometers, blood glucose monitors, and pulse oximeters. There is a significant gain in popularity worldwide. This marketing strategy has helped various vendors to take competitive advantage. This trend is expected to show a strong impact on the market growth during the forecast period.”

According to the report, in ICUs, examination and maintenance of adequate organ perfusion in people is necessary. Physicians use pulmonary artery catheterization, an invasive procedure, for adequate organ perfusion. However, this invasive procedure can increase the risks of damage to heart valves and the pulmonary artery, resulting in a decline in its use. Clinicians are opting for minimally invasive technologies such as pulse counters that monitor the hemodynamic condition by analyzing the arterial pressure waveform. This waveform involves the stroke volume of the left ventricle of the heart and physical characteristics of the vascular system during each heartbeat. Physicians are also using non-invasive hemodynamic devices such as Nihon Kohden's esCCO monitor and Edwards Lifesciences' ClearSight system that do not require any additional sensor or special training. These devices use vital sign parameters such as data from electroencephalogram (EEG) and blood pressure rates to provide information about the cardiac output. These minimally invasive and non-invasive hemodynamic monitoring devices are fast replacing invasive devices in the market.

Further, the report states that the market is highly competitive with the presence of a few established vendors and many new and small companies. Both global and local vendors offer a wide range of ambulatory blood pressure monitors, most of which are similar in design and technology. Global companies invest significantly in marketing, promotion, and improvement of their brand quality to gain profit margins. However, the intense competition in the market leads to price wars. This causes global vendors to lower the average selling prices of their devices to compete for high volume and low-cost sales agreements. Vendors also offer discounts, which further contribute to market competition. As a result, vendors, particularly leading companies, are operating on low-profit margins.



Companies Mentioned

Medtronic, Philips Healthcare, Smiths Medical, Welch Allyn, Briggs Healthcare, Drägerwerk, Edan Instruments, ERKA, Masimo, Microlife, Mindray Medical, Nihon Kohden, Nonin Medical, Omron Healthcare, Spacelabs Healthcare, Withings.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Patient monitoring devices
      • Table Growth opportunities of vital signs monitoring devices market in key applications
  • Market landscape
    • Market overview
      • Table Global vital signs monitoring devices market
    • Market size and forecast
      • Table Global vital signs monitoring devices market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global vital signs monitoring devices market 2015
    • Body temperature monitoring devices
      • Table Comparative study of different thermometers in determining presence of fever
      • Table Market enablers (+) and constraints (-) of conventional mercury-based thermometers
      • Table Low-cost non-contact infrared thermometers: Product matrix
      • Table Medium-cost non-contact infrared thermometers: Product matrix
      • Table High-cost non-contact infrared thermometers: Product matrix
      • Table Benefits of non-contact infrared thermometers
      • Table Comparative analysis of different wireless technologies for temperature monitoring
      • Table Advanced product offerings in temperature monitoring devices
    • Blood pressure monitoring devices
      • Table Classification of sphygmomanometers
      • Table Pros and cons of mercury sphygmomanometers
      • Table Pros and cons of aneroid sphygmomanometers
      • Table Types of aneroid sphygmomanometers
      • Table Pros and cons of digital sphygmomanometers
      • Table Pros and cons of hybrid sphygmomanometers
    • Pulse oximeters monitoring devices
  • Market segmentation by end-user
    • Hospitals
    • ASCs
    • Other settings
  • Geographical segmentation
    • Table Global vital signs monitoring devices market by geography 2015
    • Vital signs monitoring devices market in Americas
      • Table Vital signs monitoring devices market in Americas 2015
      • Table Vital signs monitoring devices market in Americas 2015-2020 ($ billions)
    • Vital signs monitoring devices market in EMEA
      • Table Vital signs monitoring devices market in EMEA 2015
      • Table Vital signs monitoring devices market in EMEA 2015-2020 ($ billions)
    • Vital signs monitoring devices market in APAC
      • Table Vital signs monitoring devices market in APAC 2015
      • Table Vital signs monitoring devices market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Paradigm shift toward minimally and non-invasive hemodynamic monitoring
    • Evolution of remote patient monitoring equipment
    • High demand for advanced algorithm-based monitoring equipment
    • Increased focus on online promotional and marketing strategies
    • Improved reimbursement facilities for blood pressure monitors
    • Increase in demand for home care monitoring equipment
    • Vital signs monitoring over a wireless network
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Competitive pricing pressure and presence of counterfeitproducts
    • Intense competition among vendors
    • Increasing threat from alternatives
    • Continued market domination of existing vendors
    • Challenges related to business and regulatory issues
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing adoption of product bundling strategy by vendors
    • Remote hemodynamic monitoring
    • Growing use of multiparameter vital sign devices
    • Advances in technology
    • Improving focus on preventive treatment
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Geographic presence: Key vendor analysis
    • Medtronic
      • Table Medtronic: Profile
      • Table Medtronic: Strength analysis
      • Table Medtronic: Growth strategy matrix
      • Table Medtronic: Opportunity assessment
    • Philips Healthcare
      • Table Philips Healthcare: Profile
      • Table Philips Healthcare: Strength analysis
      • Table Philips Healthcare: Growth strategy matrix
      • Table Philips Healthcare: Opportunity assessment
    • Smiths Medical
      • Table Smiths Medical: Profile
      • Table Smiths Medical: Strength assessment
      • Table Smiths Medical: Growth strategy analysis
      • Table Smiths Medical: Opportunity analysis
    • Welch Allyn
      • Table Welch Allyn: Profile
      • Table Welch Allyn: Strength assessment
      • Table Welch Allyn: Growth strategy analysis
      • Table Welch Allyn: Opportunity analysis
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report