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Vital Signs Monitoring Devices Market size was worth more than USD 5.2 billion in 2022 and is projected to exhibit 7.8% CAGR from 2023-2032. Growing threat of chronic diseases worldwide is expected to favor the market expansion.
The burgeoning patient population driven by the growing burden of several chronic health conditions, specifically cardiac diseases and diabetes will positively influence the vital signs monitoring devices industry progress. The World Health Organization (WHO) estimates that around 17.9 million people die of cardiovascular diseases annually, with 85% responsible for deaths due to heart attacks. The rising popularity of sedentary lifestyles and the paradigm shift towards unhealthy dietary habits, including excessive consumption of smoking and alcohol is accelerating the surge in the number of cardiovascular disorders, further stimulating the market share.
Report Attribute | Details |
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Base Year: | 2022 |
Vital Signs Monitoring Devices Market Size in 2022: | USD 5.2 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7.8% |
2032 Value Projection: | USD 10.4 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 342 |
Tables, Charts & Figures: | 398 |
Segments covered: | Product, End-use, and Region |
Growth Drivers: | |
Pitfalls & Challenges: |