Additionally, the unprecedented COVID-19 pandemic had apositive impact on the vital sign monitoring devices market. This is because ofthe recent expansion in the use of vital sign monitors by the FDA to enable remote patient care during COVID-19 emergencies to reduce hospital visits in order to minimize the risk of coronavirus exposure.
Moreover, the pandemic also allowed the local manufacturers to launch new products for remotely measuring the patient’s body temperature, respiratory rate, and others. For instance, in June 2020, DetelPro, an Indian-based company launched an infrared thermometer at a very nominal price.
Vital Sign Monitors Market Insights: Segment Analysis
Vital Sign Monitors Market By Product Type (StandaloneMonitoring Devices [Blood Pressure Monitoring Devices {Mercury Blood PressureMonitors, Aneroid Blood Pressure Monitors, Automated Blood Pressure Monitors, and Others}, Pulse Oximeters {Fingertip Pulse Oximeters, Handheld Pulse Oximeters, Bench_Top Pulse Oximeters, and Wearable Pulse Oximeters}, Temperature Monitoring Devices {Digital Thermometers, Infrared Thermometers, and Others}, Others] and Combined Monitoring Devices), By End-User (Hospitals, Clinics, Homecare Settings, and Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World).
In the vital sign monitors product segment, the standalonemonitoring devices which are further sub-categorized into blood pressure monitoringdevices, temperature monitoring devices, pulse oximeters, and others are expected to hold a significant market share during the forthcoming years.
This is due to the wide availability of standalone devices in the market. Moreover, the standalone remote vital sign monitoring devices are available Over the Counter (OTC) which also increases the segmental market for vital sign monitors.
Also, the sudden outbreak of the COVID-19 pandemic hasraised the demand for pulse oximeters. This is because a person with COVID-19infection has to ensure that the SpO2 reading stays consistently at or above 90 to 92% which requires continuous monitoring.
Moreover, to curb the spread of infection, the demand for non-contact infrared thermometers has increased considerably which ultimately leads to the segmental growth of the vital sign monitors market.
Additionally, the recent product launched in the standalonevital sign monitoring devices product arena will further spur the segmentalmarket of vital sign monitors. For instance, in January 2021, telehealth company Tyto Care has launched its Fingertip Pulse Oximeter (SpO2) medical device for checking blood oxygen saturation levels and heart rate remotely. Thus all the above-mentioned factors will contribute to themarket growth of vital sign monitors.
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