Understanding Key Drivers and Growth Opportunities in the Vital Parameter Monitoring Devices And Equipment Market: Trends and Market Size Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theVital Parameter Monitoring Devices And Equipment Market?
The rising geriatric population is expected to propel the growth of the vital parameter monitoring devices and equipment market. As the elderly population continues to grow, there is an increasing need for continuous monitoring of their health, driving demand for monitoring devices. According to the World Health Organization, one in six people is expected to be 60 or older by 2030, further boosting the demand for vital parameter monitoring.
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How Will the Growth Rate of theVital Parameter Monitoring Devices And Equipment Market Impact Industry Trends by 2034?
The vital parameter monitoring devices and equipment market size has grown strongly in recent years. It will grow from $8.06 billion in 2024 to $8.81 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. This growth is driven by the aging population, increasing prevalence of chronic diseases, patient empowerment through healthcare digitization, and the broader adoption of health monitoring technologies.
The vital parameter monitoring devices market is projected to grow to $12.13 billion by 2029, at a CAGR of 8.3%. Factors contributing to growth include remote monitoring, personalized medicine, and preventive healthcare. Trends include wearable technology, AI/ML, telemonitoring, and smart home integration.
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What Key Market Trends and Innovations Are Shaping the Future of theVital Parameter Monitoring Devices And Equipment Industry?
In the health tech space, companies are investing heavily in wearable health devices (WHDs) for monitoring vital parameters. These devices track health and fitness data, providing early diagnostic insights. For instance, Sotera Wireless developed the ViSi Mobile, a wearable device that monitors various vital signs such as heart rate and oxygen saturation. Similarly, Current Health’s AI-powered wearable device, recently approved by the FDA, allows hospitals and homes to monitor patients’ vital signs remotely.
What Are the Leading Market Players Impacting theVital Parameter Monitoring Devices And Equipment Market’s Growth Trend?
Major companies operating in the vital parameter monitoring devices and equipment market include Hill-Rom Holdings Inc., Halma plc, Masimo Corporation, General Electric Company, Medtronic plc, Nihon Kohden Corporation, Koninklijke Philips N.V., A&D Company Limited, Contec Medical Systems Co. Ltd., Nonin Medical Inc., Omron Corporation, Smiths Group plc, Spacelabs Healthcare, CAS Medical Systems Inc., Dragerwerk AG & Co., Briggs Healthcare Corp., OSI Systems Inc., Mindray Medical International Limited, Caretaker Medical LLC, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Boston Scientific Corporation, Hicks Inc., Covidien plc, Bosch GmbH, Biotronik Inc., Intel Corporation, Health anywhere Inc, Johnson & Johnson, Schiller AG, Edwards Lifesciences, Nonin Medical Inc., Hill-Rom Holdings Inc., Midmark Corporation, Baxter International Inc., ICU Medical Inc.
How Are the Key Segments of the Vital Parameter Monitoring Devices And Equipment Market Driving Opportunities and Innovations?
The vital parameter monitoring devices and equipment market covered in this report is segmented –
1) By Product Type: Blood Pressure Monitoring Devices, Pulse Oximeters, Temperature Monitoring Devices
2) By Blood Pressure Monitoring Devices: Aneroid BP Monitors, Digital BP Monitors, Ambulatory BP Monitors, Blood Pressure Instrument Accessories
3) By Pulse Oximeters: Table-top Or Bedside Pulse Oximeters, Fingertip Pulse Oximeters, Hand-held Pulse Oximeters, Wrist-worn Pulse Oximeters, Pediatric Pulse Oximeters
4) By Temperature Monitoring Devices: Digital Thermometers, Infrared Thermometers, Temperature Strips
5) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Home Care Settings
Subsegments:
1) By Blood Pressure Monitoring Devices: Digital Blood Pressure Monitors, Aneroid Blood Pressure Monitors, Mercury Sphygmomanometers, Ambulatory Blood Pressure Monitors, Wrist Blood Pressure Monitors
2) By Pulse Oximeters: Finger Pulse Oximeters, Handheld Pulse Oximeters, Fingertip Pulse Oximeters, Pediatric Pulse Oximeters, Wrist Pulse Oximeters
3) By Temperature Monitoring Devices: Digital Thermometers, Infrared Thermometers, Ear Thermometers, Forehead Thermometers, Clinical Thermometers
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theVital Parameter Monitoring Devices And Equipment Market?# Market Expansion?
Asia-Pacific was the largest region in the global vital parameter monitoring devices and equipment market in 2023. North America was the second-largest region in the vital parameter monitoring devices and equipment market share. The regions covered in the vital parameter monitoring devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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