North America is expected to dominate the Overall Vital Sign Monitors Market:
North America is expected to dominate the overall vital sign monitors market during the forecast period. This domination is due to the growing demand for advanced technologies in remote patient monitoring devices or vital sign monitors, the increasing chronic disease in the region, and others that are driving the regional growth. Moreover, the rising prevalence of respiratory diseases, increased R&D funding, favorable reimbursement for these devices, and the presence of an advanced healthcare system are also the fuelling factors for the vital sign monitors market in the region.
For instance, according to the Centers for Disease Control and Prevention (CDC) 2021 data, approximately 4.6 % of the total American population have been diagnosed with COPD, emphysema, or chronic bronchitis. Also, as per the data revealed in the year 2021 by the CDC, nearly half of adults in the United States (47%, or 116 million) have hypertension. Therefore, rising cases of chronic disorders are likely to raise the demand for vital sign monitors in the region.
To know more about Vital Sign Monitors External Remote Patient Monitoring Devices Market Share
In addition, the presence of key market players such as Masimo, Nonin Medical Inc, Medtronic, among others is also expected to boost the vital sign monitors market. Also, advanced product launches and commercialization agreements among the key companies are further expected to fuel the market.
For instance, recently in March 2021, Nonin Medical, Inc. launched two new disposable products – a single-use wristband and a sensor for use with Nonin’s WristOx2 3150, wrist-worn pulse oximeter (SpO2). Nonin’s new disposables offer immediate and cost-effective solutions to reduce healthcare provider and patient exposure to infectious agents during the pandemic. Thus, these are some of the factors contributing to the market growth of vital sign monitors in the region.
Further, Europe and the Asia-Pacific region have the future potential growth for the global vital sign monitors market. This is due to the rising burden of chronic diseases in the European region countries and Asia countries also. In all countries, chronic illness rates have been increasing.
Several reports have been released annually, mentioning that significant portions of the population in the European Union and the APAC suffer through more than one chronic disorder, such as hypertension, cardiac arrhythmias, sleep apnea, asthma, diabetes, hyperlipidemia, and chronic obstructive pulmonary disease (COPD), for a prolonged period, thus there is an enormous potential for vital signs monitors market growth.
Some of the key market players operating in the Vital Sign Monitors market include Masimo, Koninklijke Philips N.V., NIHON KOHDEN CORPORATION., Nonin Medical, Omron, ACCOSON, Advin Health Care, Lepu Medical Technology, TytoCare Ltd., VYAIRE, SCHILLER, SunTech Medical, Inc., Welch Allyn Inc., Medtronic, GENERAL ELECTRIC COMPANY, Contec Medical Systems Limited, Biobeat, Honsun, Rudolf Riester GmbH, Promed Technology, Infinium Medical, and others.
For More Information- Vital Sign Monitors External Remote Patient Monitoring Devices Competitive Landscape
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