Vital signs monitoring market to reach a total of $4.37 billion by 2018

The vital signs monitoring market has been forecast to increase at a compound annual growth rate (CAGR) of 6.61% over the next five years, increasing from a value of approximately $3.14 billion at the end of 2012, to a total of $4.37 billion by 2018.

This market is witnessing tremendous growth due to a rise in the aging population, not only in the developed regions of the world, but also in developing countries. Awareness of the convenience and cost effectiveness offered by these equipment and services is also increasing the demand for this market.

The most significant healthcare trend witnessed recently is the shift of treatment from hospitals to home in order to gain a cost advantage and reduce hospital expenditure. The move from treatment to proactive monitoring is also opening up new opportunities for home monitoring devices.

Patients prefer home monitoring equipment over hospitals mainly for the convenience and cost-effectiveness it offers.
Vital signs are measures of various physiological statistics, often taken by health professionals, in order to assess the most basic body functions. Vital signs are an essential part of a case presentation.

The act of taking vital signs normally entails recording body temperature, pulse rate (or heart rate), blood pressure, and respiratory rate, but may also include other measurements.

Monitoring of vital parameters most commonly include at least blood pressure and heart rate, and preferably also pulse oximetry and respiratory rate. Multimodal monitors that simultaneously measure and display the relevant vital parameters are commonly integrated into the bedside monitors in critical care units, and the anaesthetic machines in operating rooms.

These allow for continuous monitoring of a patient, with medical staff being continuously informed of the changes in general condition of a patient.

North America is the largest region in the industry, followed by Europe, due to the presence of high-end technology providers and better R&D facilities. However, the Asian market is experiencing the highest growth rate owing to the rising demand for these devices for home health monitoring.

The new markets that are expected to grow at a brisk pace are emerging economics such as China, India, Japan and other regions of Asia-Pacific, and untapped markets in European regions.

For more information on the vital signs monitoring market, see the latest research: Vital Signs Monitoring Market

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