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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