VITAL SIGN MONITORING DEVICES MARKET ANALYSIS
Global vital sign monitoring devices market is estimated to be valued at US$ 6,515.9 million in 2023, exhibiting a CAGR of 9.6 % during the forecast period (2023-2030).
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 – Market Trends
Technological Advancements
Key market players are focusing on launching new portable vital sign monitoring devices to expand their product portfolio. For instance, in 2021, Analog Devices, Inc., a company focused on converting real-world phenomena into actionable insight, launched a wearable remote patient monitoring (RPM) device for measuring four vital signs with one MAX86178 triple-system vital sign analog front end (AFE).
Market- Trends
Vital Sign Monitoring Devices Market Report Snapshots
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