VITAL SIGN MONITORING DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Global vital sign monitoring devices market growth can be hindered by availability of low quality products. Rising prevalence of cardiovascular diseases such as hypertension, atrial fibrillation, and stroke is expected to drive the global vital sign monitoring devices market growth over the forecast period. For instance, according to the World Health Organization, in 2021, about 1.28 billion people of age 30-79 years have hypertension across the world, with two-thirds of this population living in low- and middle-income countries.

Global Vital Sign  Monitoring Devices Market – Drivers

Increasing Prevalence of Chronic Diseases

Increasing prevalence of chronic diseases such as Cardiovascular diseases (CVD), neurological disorders, and cancer  is expected to drive the global vital sign  monitoring devices market growth over the forecast period. For instance, in 2022, according to the World Health Organization, the major diseases that lead to the most deaths from non-communicable diseases (NCDs) are cardiovascular diseases, cancers, respiratory diseases, and diabetes, accounting for more than 80% of all premature NCD deaths.

Global Vital Sign  Monitoring Devices Market: Restraint

Availability of Low Quality Products

Global vital sign  monitoring devices market growth can be hindered by availability of not good quality products. The availability of substandard products at cheap cost acts as a hurdle for sales of low, mid, and high acuity monitors worldwide. For instance, according to the article published in April 2022, approximately 820 women die in pregnancy and childbirth every day worldwide, with 99% of these occurring in low-resource settings. In order to these key players should provide good quality of products to overcome the restraint.

Restraints