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Blood Pressure Monitoring Devices Market to exhibit 10.2% CAGR through 2027

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The blood pressure monitoring devices market size is estimated to reach US$ 2.99 billion by the end of 2027, registering a CAGR of 10.2% from 2020 to 2027. The report provides the overall revenue of the global blood pressure monitoring devices market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Blood pressure is considered as an essential indication for assessment of physiological condition. Blood pressure measurement is one of the most commonly conducted diagnostic tests across the world that depicts the pumping efficiency of the heart, change in blood volume, and the resistance of peripheral vasculature. Blood pressure monitoring device non-invasively measures the blood pressure and displays the numerical data depending on their configuration.

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Growth Factors

The demand for blood pressure monitoring devices is analyzed to spur in the forthcoming years, as they provide early diagnosis of a patient’s deteriorating health condition. Furthermore, advanced blood pressure monitoring devices are intended for personal use that helps to track the status of a patient’s health remotely. In addition, rise in the incidence of chronic diseases along with rapid increase in geriatric population projected to spur the market growth prominently over the analysis period. Increase in healthcare expenditure in developing countries as well as high demand for proactive monitoring anticipated to offer lucrative opportunities for the market players.

On the contrary, lack of awareness about healthcare devices and their benefits in the developing regions anticipated to hamper the market growth. Nonetheless, increasing modernization and urbanization across the globe has remarkably reduced the physical activities that finally lead to spur the rate of hypertension and cardiovascular disorder. This in turn, creates alluring opportunity for the market to seek hike in the coming years.

Report Highlights

  • North America led the global market with nearly 50% of value share attributed to the developed healthcare infrastructure in the region
  • Asia Pacific shows attractive growth opportunity in the coming years due to rising level health awareness among people and increasing investment from manufacturers
  • Based on product, aneroid BP monitors/ sphygmomanometers segment dominated the global market with more than 42% value share in 2019 due to technological advancements along with new product launches
  • Blood pressure cuffs anticipated to grow at a rapid rate over the analysis period because of rising usage of blood pressure monitors backed by the increasing incidences of high blood pressure
  • By end-use, hospitals & clinics segment addressed the largest market value share in the year 2019 attributed to the presence of large patient pool.
  • Home healthcare registers the fastest growth of around 12.9% over the analysis period due to increasing availability of smart wearables that provide mobility as well as cost-efficient option for the homecare application

Report Scope of the Blood Pressure Monitoring Devices Market

Report Coverage Details
Market Size USD 2.99 Billion by 2027
Growth Rate CAGR of 10.2% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027
Segments Covered Product Type, End User Type, Region Type
Companies Mentioned Koninklijke Philips N.V., General Electric Company, A & D Company, Limited, SunTech Medical, Inc., Welch Allyn, American Diagnostic Corporation, Briggs Healthcare, Withings, Spacelabs Healthcare, GF HEALTH PRODUCTS, INC., Kaz, A Helen of Troy Company, Rossmax International Limited

Regional Snapshots

In 2019, North America emerged as the global leader in the blood pressure monitoring devices market with around 50% value share due to significant investment for the development of effective and accurate BP monitors in the region. Moreover, new product launch coupled with technology advancement are the other most prominent factors to propel the market growth. For instance, in May 2018, Hill-Rom introduced Welch Allyn home blood pressure monitoring device and other digital scale products in the United States. Rising preference for home healthcare along with increasing awareness about the significance of early diagnosis of cardiac &hypertension diseases further predicted to boost the market growth.

On the other hand, Asia Pacific is expected to project lucrative CAGR in the coming years. The significant growth of the region is mainly because of increasing investments by manufacturers, the presence of untapped opportunities, growing awareness related to health & rising incidences of hypertension. Rapid improvement in

the healthcare facilities along with the rising number of untreated & undiagnosed cases of high BP are the key factors attributed to be market growth in the region.

Key Players & Strategies

The global blood pressure monitoring devices market is highly competitive in nature due to price sensitivity of the product as well as large number of players involved in the market. These players adopt collaborative, strategic alliances, merger & acquisition, partnership, and other inorganic growth strategies to sustain their competitive edge in the market. In addition, the growth of the BP monitoring device industry is directly related to the increasing investments from manufacturers to develop innovative, cost-effective, and easy to use product. For instance, in February 2019, PhysIQ Inc. collaborated with Omron Healthcare for the integration of HeartGuide wearable blood pressure monitor of Omron Healthcare into pinpointIQ platform used for outpatient facilities. Such initiatives from the industry participants expected to present lucrative opportunities in the market.

Certain of the noticeable performers in the blood pressure monitoring devices market as follows:

  • Koninklijke Philips N.V.
  • General Electric Company
  • A & D Company, Limited
  • SunTech Medical, Inc.
  • Welch Allyn
  • American Diagnostic Corporation
  • Briggs Healthcare
  • Withings
  • Spacelabs Healthcare
  • GF HEALTH PRODUCTS, INC.
  • Kaz, A Helen of Troy Company
  • Rossmax International Limited
  • Microlife Corporation

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis ofproduct, end-use, and region:

By Product

  • Digital Blood Pressure Monitor
    • Wrist
    • Arm
    • Finger
  • Sphygmomanometer
  • Ambulatory Blood Pressure Monitor
  • Instruments & Accessories
    • Blood pressure cuffs
      • Reusable
      • Disposable
    • Others
  • Transducers
    • Reusable
    • Disposable

By End-User

  • Ambulatory Surgical Centers & Clinics
  • Hospitals
  • Home Healthcare

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s blood pressure monitoring devices market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email: sales@flairinsight.com

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