DUBLIN, October 28, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Vital Signs Monitoring Devices Market 2016-2020" report to their offering.
The report forecasts the global vital signs monitoring market to grow at a CAGR of 6.81% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Vendors are bundling two or more products or services to achieve product differentiation and provide better products. For example, along with vital signs monitors, vendors are offering accessories for patients to monitor their blood pressure levels. Patients consider using such packaged offerings to individual products as they prove to be cost-effective. In addition, vendors have started offering personal testing kits that include blood pressure monitors, thermometers, blood glucose monitors, and pulse oximeters. There is a significant gain in popularity worldwide. This marketing strategy has helped various vendors to take competitive advantage. This trend is expected to show a strong impact on the market growth during the forecast period.
Further, the report states that the market is highly competitive with the presence of a few established vendors and many new and small companies. Both global and local vendors offer a wide range of ambulatory blood pressure monitors, most of which are similar in design and technology. Global companies invest significantly in marketing, promotion, and improvement of their brand quality to gain profit margins.
However, the intense competition in the market leads to price wars. This causes global vendors to lower the average selling prices of their devices to compete for high volume and low-cost sales agreements. Vendors also offer discounts, which further contribute to market competition. As a result, vendors, particularly leading companies, are operating on low-profit margins.
- Philips Healthcare
- Smiths Medical
- Welch Allyn
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/x2g9w2/global_vital
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SOURCE Research and Markets