Vital signs monitoring market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to growing at a CAGR of 7.21% in the above-mentioned forecast period.
Rising prevalence of chronic diseases and increasing geriatric population are major factors driving market growth whereas increasing demand for proactive monitoring and home healthcare will fuel market growth. In addition due to rising cases of patients with COVID-19 has increased demand in market whereas technological advancement and innovation of new devices will create lucrative opportunities for market. However presence of counterfeit products and unresponsiveness of some monitoring devices are restraining factor for market whereas disturbance in distribution channel due to COVID-19 lockdown will be challenging factor for market to restore.
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