to rise in occurrence of respiratory diseases such as chronic obstructive pulmonary disease( COPD) globally.
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Increased focus of key players on developing innovative monitoring devices to meet the unmet medical needs will further propel the market growth. For instance, in October 2013, iHealth Labs obtained FDA approval for its fingertip pulse oximeter. Likewise, in January 2014, Nonin Medical, Inc. launched its new pulse oximeter, NoninConnect. This oximeter features Bluetooth Smart wireless technology. Similarly, in January 2015, Masimo revealed its fingertip pulse oximeter, MightySat, for personal use. Thus, innovation is set to bring in ample growth opportunities for the manufacturers.
Some of the key players operating in the global vital signs monitoring devices market are, Nonin Medical Inc., Welch Allyn( a subsidiary of Hill-Rom Holdings, Inc.), General Electric Company, SunTech Medical, Inc.( a subsidiary of Halma plc), Masimo Corporation, Nihon Kohden Corporation, Koninklijke Philips N. V, A & D Company, Smiths Group plc., Limited and Contec Medical Systems Co., Ltd.
Key Findings of the Research Study:
� Blood pressure monitoring devices segment accounted for over half of the overall market in 2016, due to rising incidence of chronic diseases such as hypertension and cardiovascular diseases.
� Digital BP monitors segment held over one-third share of the blood pressure monitoring devices market in 2016 whereas the ambulatory BP monitoring segment is expected to witness fastest growth with high single-digit growth rate during the forecast period.
� Digital thermometers segment held a major share of the temperature monitoring devices market in 2016 whereas infrared thermometers segment is expected to exhibit fastest growth with medium single-digit growth rate over the forecast period.
� North America held over two-fifth share of the global vital signs monitoring devices market in 2016 owing to high prevalence of chronic diseases in the region along with the presence of advanced healthcare infrastructure.
� Asia-Pacific market is expected to witness fastest growth during the forecast period owing to increased disposable income of the population along with presence of high unmet medical needs.
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