Vital Signs Monitoring Devices Market: Impact of Telehealth on Adoption Rates

The global market for vital signs monitoring devices was valued at USD 9.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030.

This growth is attributed to several key factors:

• Product Innovation: Constant advancements in technology are leading to the development of more sophisticated and user-friendly vital signs monitoring devices.

• Home Healthcare Demand: The increasing popularity of home healthcare services is driving the need for portable and affordable monitoring devices.

• Healthcare Infrastructure Expansion: The rising number of healthcare facilities, particularly hospitals, is contributing to the market's growth.

• Prevalence of Chronic Diseases: The growing burden of chronic conditions, such as hypertension and diabetes, necessitates regular monitoring of vital signs.

Gather more insights about the market drivers, restrains and growth of the Vital Signs Monitoring Devices Market

Vital signs monitoring devices have evolved significantly, transitioning from individual devices measuring specific parameters like blood pressure, pulse, and temperature to integrated all-in-one solutions. This trend, coupled with ongoing innovations, is further fueling market growth.

The COVID-19 pandemic had a substantial impact on the demand for vital signs monitoring devices.

As the virus was identified as a serious health threat, particularly for individuals with underlying health conditions like hypertension, the demand for blood pressure monitors, pulse oximeters, and temperature monitoring devices surged. For instance, in the U.S., where approximately 103 million people suffer from hypertension, the need for BP monitoring devices increased significantly.

Looking ahead, the others product segment, which encompasses a variety of devices beyond the traditional categories, is expected to witness significant growth in the U.S. market over the forecast period.

Product Segmentation Insights

Blood pressure monitors, also known as sphygmomanometers, were the most popular type of medical device in 2022, accounting for over 48.5% of the market. This segment is projected to grow at a steady rate of 9.3% per year from 2023 to 2030. This growth is primarily driven by the increasing prevalence of hypertension, which is leading to a greater need for blood pressure monitoring. Additionally, growing awareness about the importance of blood pressure management is encouraging people to monitor their blood pressure regularly, even as a preventive measure. This trend has led to an increased demand for self-operated digital blood pressure monitors. Pulse oximeters also represent a significant portion of the market.

Pulse oximeters are further classified into various types, including table-top/bedside, fingertip, hand-held, wrist-worn, pediatric pulse oximeters, and their accessories. Among these, fingertip pulse oximeters are expected to experience substantial growth due to their portability and wireless capabilities, which enhance patient compliance. Temperature monitoring devices are categorized into digital thermometers, mercury-filled thermometers, infrared thermometers, liquid crystal thermometers, and temperature monitoring device accessories. Due to the environmental hazards and potential risks associated with mercury-filled thermometers, there has been a shift towards digital thermometers, which offer more accurate and safer temperature measurements.  

Order a free sample PDF of the Vital Signs Monitoring Devices Market Intelligence Study, published by Grand View Research.