LI_184539
|
Pages: 172
|
Dec 2018 | 3928 Views
|
|
|
Author(s) :
Raghvendra,Onkar Sumant
|
Tables: 95
|
Charts: 28
|
Formats*: |
|
Ambulatory Blood Pressure Monitoring (ABPM) Devices Market Overview:
The global ambulatory blood pressure monitoring (ABPM) devices market was valued at $84 million in 2017, and is projected to reach $142 million at a CAGR of 6.7% from 2018 to 2025. ABPM devices are medical devices used to measure blood pressure at regular intervals, even while the patient is asleep. ABPM patient monitors are non-invasive instruments used for measuring blood pressure and can be carried over the patient for 24 hours in their own environment. ABPM monitors read the pulse rate to calculate the blood pressure and can be worn either at arms or wrist.
The market is driven majorly due to rise in number of hypertension cases, owing to increase in prevalence of diabetes, obesity, and cardiovascular diseases. Moreover, growth in geriatric population, increase in demand for non-invasive method of measuring blood pressure, and transformation from physician-centered to the patient-centered model are some of the factors that increase the demand for the global ABPM devices market. However, high cost of ABPM devices and lack of awareness about ambulatory blood pressure in emerging countries are expected to hamper the growth of the global market. Conversely, rise in healthcare infrastructure and increase in healthcare expenditure in emerging countries are anticipated to provide lucrative opportunities for the market expansion during the forecast period.
The global ABPM devices market is segmented based on product, end user, and region. Based on product, the market is bifurcated into arm ABPM devices and wrist ABPM devices. Depending on end user, it is categorized into hospitals, ambulatory surgical centers (ASCs), and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Get more information on this report : Request Sample Pages
Segment review
Arm ABPM devices segment accounted for the largest market share in 2017 and is expected to continue the trend throughout the forecast period. It is a small digital blood pressure measuring device, which is attached to a belt around the patient’s body and is connected to a cuff around the upper arm. It can be carried anywhere, anytime and also can be used during sleep. The factors such as high availability of arm ABPM monitors, accuracy of these devices, and high adoption of these devices drive the market growth for arm ABPM monitors. In addition, growth in healthcare expenditure, rise in awareness about ABPM, and availability of newer and advanced arm ABPM devices further boost the market growth in the near future.
Get more information on this report : Request Sample Pages
Geographic Review
Based on region, the global market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America held the largest share of the market in 2017, followed by Europe. On the other hand, Asia is anticipated to be the fastest-growing regional segment during the analysis period. The key factors that drive the growth of this market include increase in pool of patient population, rise in prevalence of different types of diseases such as diabetes and cardiovascular diseases, and high adoption of non-invasive methods for measuring blood pressure. Asia-Pacific is expected to emerge as the area with maximum growth potential due to focus of key players in the emerging economies and improving healthcare infrastructure.
Get more information on this report : Request Sample Pages
Snapshot of LAMEA ABPM Devices Market
Rise in focus of market vendors on emerging markets, namely, Asia-Pacific and LAMEA, is expected to boost the market growth. According to a study in June 2017, by Wits University, scientists revealed that South Africa has the highest prevalence of hypertension in Southern Africa. Moreover, they estimated that there is 15% prevalence of hypertension in the west of Southern Africa and 25% in the east of Southern Africa. Hence, people in these areas are prone to encounter hypertension during their lifetime. Thus, LAMEA offers a huge customer base to the manufacturers of the ABPM devices market.
Get more information on this report : Request Sample Pages
The key players operating in this market include Spacelabs Healthcare, Inc., Welch Allyn, Inc., SunTech Medical, Schiller AG, Bosch & Sohn GmbH & Co. KG, Contec Inc. (Parent Company: DAIFUKU CO., LTD.), GE Company, Rudolf Riester GmbH, Vaso Corporation, and BPL Group.
Other players involve Mortara Instrument, Inc., Daray Medical, Omron Healthcare Company, and Microlife Corporation.
Key Benefits for Ambulatory Blood Pressure Monitoring (ABPM) Devices Market:
The study provides an in-depth analysis of the global ABPM devices market along with the current trends and future estimations from 2017 to 2025 to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
Ambulatory Blood Pressure Monitoring (ABPM) Devices Key Market Segments:
By Product
Arm ABPM Devices
Wrist ABPM Devices
By End User
Hospitals
Ambulatory Surgical Centers (ASCs)
Other End Users
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
The adoption of ambulatory blood pressure monitoring devices is expected to increase due to rise in number of hypertension cases due to increase in cardiovascular diseases, diabetes, and obesity. This device measures the blood pressure throughout the day and even during sleep, offering 24-hour continuous blood pressure readings.
Rise in cases of cardiovascular diseases and increase in prevalence of diabetes lead to high blood pressure, thus making it imperative to use these monitors for the measurement of ABPM. Moreover, factors such as growth in demand for non-invasive methods for monitoring blood pressure, rise in geriatric population, and a shift from the physician-centered model to personalized model are projected to supplement the market growth. However, high cost of ABPM devices and lack of awareness about ABPM monitoring are expected to impede the market growth.
The use of ABPM patient monitors is the highest in North America due to increased awareness about the white coat hypertension condition and heavy expenditure by the government on healthcare, followed by Europe and Asia-Pacific. In addition, ABPM patient monitor providers and distributors have focused on expanding their presence in the emerging economies, which is anticipated to drive the market growth.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.