U.S. Vital Signs Monitoring Market Size & Outlook, 2023-2030
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U.S. vital signs monitoring market highlights
- The U.S. vital signs monitoring market generated a revenue of USD 3,571.5 million in 2023 and is expected to reach USD 6,505.5 million by 2030.
- The U.S. 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.
Vital signs monitoring market data book summary
| Market revenue in 2023 | USD 3,571.5 million |
| Market revenue in 2030 | USD 6,505.5 million |
| Growth rate | 8.9% (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 |
Other key industry trends
- In terms of revenue, U.S. accounted for 36.4% of the global vital signs monitoring market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. vital signs monitoring market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,505.5 million by 2030.
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Vital Signs Monitoring Market Scope
Vital Signs Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nonin Medical | View profile | 251-500 | Plymouth, Minnesota, United States, North America | http://www.nonin.com/ |
| SunTech Medical | View profile | 51-100 | Morrisville, North Carolina, United States, North America | http://www.suntechmed.com |
| Masimo Corp | View profile | 3796 | 52 Discovery, Irvine, CA, United States, 92618 | https://www.masimo.com |
| A&D Medical | View profile | 11-50 | Ann Arbor, Michigan, United States, North America | https://medical.andonline.com |
| Nihon Kohden Corp | View profile | 6325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | http://www.nihonkohden.co.jp |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
U.S. 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 U.S. 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.
Vital Sign Monitors such as homecare BP monitors, thermometers and pulse oximeters are eligible for the reimbursement schemes. The schemes they are eligible for are FSA (Flexible Spending Account), HAS (Health Saving Account) and HRA (Health Reimbursement Arrangement).
An FSA enables the employee to set aside a certain part of his salary for medical expenses. The money deducted from this account is tax-free. In addition to this FSA are not eligible for payroll taxes. HAS is a saving account for medical expenses accessible to the citizens of the U.S. who have enrolled in the high-deductible health plan (HDHP).
The difference between an FSA and HSA account is that funds can be accumulated in the HSA account, unlike FSA. HRA is a reimbursement scheme for employees with out-of-pocket medical expenditure.
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Target buyers of U.S. vital signs monitoring market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the U.S. vital signs monitoring market , including forecasts for subscribers. This country databook contains high-level insights into U.S. vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. vital signs monitoring market size, by product, 2018-2030 (US$M)
U.S. Vital Signs Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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