Market revenue in 2023 | USD 150.1 million |
Market revenue in 2030 | USD 222.7 million |
Growth rate | 5.8% (CAGR from 2023 to 2030) |
Largest segment | Blood pressure monitors |
Fastest growing segment | Other Vital Sign Monitors |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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 48.3% in 2023. Horizon Databook has segmented the South Africa 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.
According to the Department of Health, REPUBLIC OF SOUTH AFRICA vital sign monitors are classified as class B and class C medical devices. To import, export, manufacture, or distribute medical devices it requires a license, for class B and class C medical device (vital sign monitor) a license from the Medical Control Council must be obtained.
The vital sign monitor market in South Africa is increasing rapidly, with the home care segment driving growth with a CAGR of 7.09%. Supportive initiative by the government, various healthcare agencies and private players are increasing awareness amongst people. The ease in availability of vital sign monitors is also driving growth in the home care segment.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa vital signs monitoring market , including forecasts for subscribers. This country databook contains high-level insights into South Africa vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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