With healthcare sector rapidly incorporating information technology and rising digitalization, there’s a surge in demand for MR vital sign monitors, finds Fact.MR’s market study. The adoption of advanced technology and Artificial Intelligence to develop remote MR vital sign monitoring devices is expected to gain immense popularity in the upcoming years.
Strategic collaborations and acquisitions among key manufacturers play a vital role in improving their competitive landscape in the market, fuelling the demand. Manufacturers are focusing on developing wireless and wearable vital sign monitors catering the demand from hospitals and surgical clinics.
Additionally, rising cases of chronic disease such as COPD and cardiovascular disease is contributing to create demand in the healthcare sector which acts as a key driver for the market. For instance, Oxehealth, a digital health company in UK has claimed FDA approval on 6th April 2021, for a software known as ‘micro-blushes’ that can be used to measure vital signs like breathing and heart rate from a camera feed.
“Collaborations and partnerships to foster AI-driven clinical data and develop advanced equipment is expected to act as key drivers of MR vital sign monitors market,” says the Fact.MR analyst.
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MR vital sign monitors market: Segmentation
The global MR vital sign monitors market is segmented by product type, modality, end user, and regions:
- MR vital sign monitors Segmentation by Product Type
- Cardiac MR vital sign monitors System
- COPD MR vital sign monitors System
- Blood Pressure MR vital sign monitors System
- Glucose Level MR vital sign monitors System
- MR vital sign monitors Segmentation by Modality
- Standalone System
- Portable System
- Benchtop System
- MR vital sign monitors Segmentation by End User
- Ambulatory Surgical Centers
- Specialty Clinics
- Home Care Settings
- Based on product type, COPD and glucose level MR vital sign monitors expected to dominate the market
- U.S. is anticipated to have the highest revenue growth through 2031
- Advanced healthcare infrastructure and technological advancement to boost the UK market
- India to witness a moderate growth due to inadequate facilities and low awareness related to chronic conditions
- Brazil is expected to have the least market share due to weak healthcare management and high unattended patient population
- Rising prevalence of chronic obstructive pulmonary disease and cardiovascular disease is the key driver for the growth
- Growing risk of chronic disease in geriatric population to improve the demand of MR vital sign monitors
- Stringent regulatory policies from government for emerging economies likely to limit the growth
Discover more about the MR vital sign monitors market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/3404/mr-vital-sign-monitors-market
MR vital sign monitors market: Key Players
Some of the key players present in global MR vital sign monitors market are GE Healthcare, Bayer, Koninklijke Philips N.V., IRadimed Corp, Drägerwerk AG, Schiller AG, Spacelabs Healthcare, Nihon Kohden Corporation, Shenzhen Bestman Instrument Co., Ltd., Mindray Medical International Limited, and others.
GE Healthcare, Bayer, Koninklijke Philips N.V., IRadimed Corp., Dragerwerk AG, Schiller AG, Spacelabs Healthcare, Shenzhen Bestman Instrument Co., and Nihon Kohden Corporation among others are some of the key players operating in MR vital sign monitors market.
In 2020, researchers at Heriot-Watt University developed a technique using AI to detect a patient’s vital signs completely touch free along with continuous wave-radar based system.
Also, in 2019, US-based Nihon Kohden introduced a new portable vital signs monitoring tool with customizable early warning scoring known as Life Scope SVM-7200 Series.
More Insights on the MR Vital Sign Monitors Market
Fact.MR offers an unbiased analysis on global MR vital sign monitors market. The report sheds an in-depth analysis on MR vital sign monitors market on the basis of product (cardiac MR vital sign monitor system, COPD MR vital sign monitors system, blood pressure MR vital sign monitors systems, glucose level MR vital sign monitors system, and others), modality (standalone system, portable system, and benchtop system), end-user (hospital, ambulatory surgical centers, specialty clinics, home care settings, and others), and regions (North America, Latin America, Eastern Europe, Western Europe, Japan, Asia Pacific excluding Japan, and Middle East & Africa)
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