Latest Vital Parameter Monitoring Devices And Equipment Market Growth Study 2022-2026 By The Business Research Company
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The vital parameter monitoring devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!
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The Vital Parameter Monitoring Devices And Equipment Market Size In 2022 And Forecast
The global vital parameter monitoring devices and equipment market grew from $6 billion in 2021 to $6.57 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The vital parameter monitoring devices and equipment market is expected to grow to $8.41 billion in 2026 at a CAGR of 6.4%.
The vital parameter monitoring devices and equipment market consist of sales of vital parameter monitoring devices and equipment and related services.
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Increase In The Geriatric Population Globally Is Driving The Growth Of The Vital Parameter Monitoring Devices And Equipment Market
According to the United Nations World Population AgeingProspects, in 20197, the geriatric population was estimated to be around 702.9962 million and is expected to increase to 1.52.1 billion globally by 2050. The increasing number of old age patients seeking treatments and surgeries is contributing to market growth.
Competitive Landscape And The Regional Analysis Of The Vital Parameter Monitoring Devices And Equipment Market
Major players in the vital parameter monitoring devices and equipment market are Welch Allyn (Hill-Rom Holdings), SunTech Medical (Halma plc), Masimo Corporation, General Electric Company, Medtronic plc, Nihon Kohden Corporation, Koninklijke Philips N.V, A&D Company, Contec Medical Systems Co, and Nonin Medical.
Additionally, as per TBRC’s research – Asia Pacific was the largest region in the vital parameter monitoring devices and equipment market in 2021 holding the largest market share.
The Vital Parameter Monitoring Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the vital parameter monitoring devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the vital parameter monitoring devices and equipment market.
Increasingly Investing In The R&D Of Wearable Health Devices – A Key Trend In The Vital Parameter Monitoring Devices And Equipment Market
WHDs are smart electronic devices that can be worn by a consumer and are capable of tracking information related to health and fitness. These devices facilitate better monitoring of health and can help in early diagnosis and guidance from doctors.
Vital Parameter Monitoring Devices And Equipment Market Segmentation By The Business Research Company
1) By Product Type: Blood Pressure Monitoring Devices, Pulse Oximeters, Temperature Monitoring Devices
2) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Home Care Settings
3) By Blood Pressure Monitoring Devices: Aneroid BP Monitors, Digital BP Monitors, Ambulatory BP Monitors, Blood Pressure Instrument Accessories
4) By Pulse Oximeters: Table-top/Bedside Pulse Oximeters, Fingertip Pulse Oximeters, Hand-held Pulse Oximeters, Wrist-worn Pulse Oximeters, Pediatric Pulse Oximeters
5) By Temperature Monitoring Devices: Digital Thermometers, Infrared Thermometers, Temperature Strips
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