North America Vital Signs Monitoring Market Size & Outlook
North America vital signs monitoring market, 2018-2030 (US$M)
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North America vital signs monitoring market highlights
- The North America vital signs monitoring market generated a revenue of USD 3,726.8 million in 2023.
- The market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, blood pressure monitors was the largest revenue generating product in 2023.
- Other Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,726.8 million |
| Market revenue in 2030 | USD 6,761.0 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Blood pressure monitors |
| Fastest growing segment | Other Vital Sign Monitors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices, Other Vital Sign Monitors |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Nihon Kohden Corp, GE HealthCare Technologies Inc Common Stock, Masimo Corp, OMRON Corp, A&D Medical, Nonin Medical, SunTech Medical |
Other key industry trends
- In terms of revenue, North America region accounted for 38.0% of the global vital signs monitoring market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,497.7 million by 2030.
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Vital Signs Monitoring Market Scope
Vital Signs Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America vital signs monitoring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vital signs monitoring market will help companies and investors design strategic landscapes.
Blood pressure monitors was the largest segment with a revenue share of 48.33% in 2023. Horizon Databook has segmented the North America vital signs monitoring market based on blood pressure monitors, pulse oximeters, temperature monitoring devices, other vital sign monitors covering the revenue growth of each sub-segment from 2018 to 2030.
These countries serve as a major market for vital sign monitors, in the U.S. BP monitors contribute 41.35%, pulse oximeter contributes 36.25%, thermometers contribute 13.40% and other vital sign monitors contribute 9.00% of the entire vital sign monitor.
In Canada, BP monitors contribute 41.33%, pulse oximeters contribute 36.24%, thermometers contribute 13.37% and other vital sign monitors contribute 8.99%. Thus, the combined market may serve as the biggest market for vital sign monitors across the globe.
The reimbursement schemes in these countries also may aid in the growth of the vital sign monitor segment. Additionally, due to higher levels of awareness in these countries about increasing rates of non-communicable diseases is also fueling the growth of the vital sign monitor segment.
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Our clientele includes a mix of vital signs monitoring market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America vital signs monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into North America vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America vital signs monitoring market size, by country, 2018-2030 (US$M)
North America Vital Signs Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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