Blood Pressure Monitoring Devices Marke Overview:
Global Blood Pressure Monitoring Devices Market was valued at $ 1,981 million in 2015, and is anticipated to reach $ 2,926 million by 2022, registering a CAGR of 5.7% from 2016 to 2022. The demand for blood pressure monitoring devices is expected to increase in forthcoming years, as they can facilitate early diagnosis of a patients deteriorating health condition. In addition, advanced blood pressure monitoring devices are designed for personal use, which help to track the health status of a patient remotely.
The demand for blood pressure monitoring devices is expected to increase globally during market analysis, owing to rise in incidence of chronic diseases and rapid increase in geriatric population. Moreover, increase in healthcare expenditure in emerging economies and high demand for proactive monitoring are expected to provide new opportunities for market players. However, lack of awareness in developing regions is anticipated to hamper the market growth.
The blood pressure monitoring devices market is segmented on the basis of product type and geography. On the basis of product type, the market is classified into aneroid BP monitors, digital BP monitors, blood pressure instrument accessories, and ambulatory BP monitors. Furthermore, geographical regions are categorized into, North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, Middle East, Africa, and rest of LAMEA).
The key players in the blood pressure monitoring devices industry have adopted product launch as their key developmental strategy to expand their market foothold. This is evident from the product launch of Masimo Corporations noninvasive blood pressure and temperature measurements for root patient monitoring and connectivity platform in the U.S. This helped clinicians to chart vital signs data directly from root automatically, and has strengthen the companys portfolio of patient monitoring products.
Key players in the global blood pressure monitoring devices market include A&D Company, Limited, Contec Medical Systems Co., Ltd., General Electric Company, Halma plc, Hill-Rom Holdings, Inc., Koninklijke Philips N.V., Masimo Corporation, Nihon Kohden Corporation, Omron Corporation, and Smiths Group Plc.
Global Blood Pressure Monitoring Devices Market, By Region ($Million), 2014-2022
High blood pressure is a major cause of several diseases such as heart attack, stroke, and renal failure; thus, blood pressure monitoring is important to determine the severity of a patients condition. The increase in the adoption of blood pressure monitoring devices is due to increase in the incidence of cardiovascular diseases such as hypertension, risk of high BP in geriatric population, and expanding base of lifestyle diseases including obesity and diabetes.
Argentina Blood Pressure Monitoring Devices Market ($Million), 2014-2022
Asia is one of the worlds highly populated countries and has emerged as an epicenter of COPD, diabetes, hypertension, and cardiovascular diseases epidemics. Therefore, the market for blood pressure monitoring devices in Argentina is projected to grow at a CAGR of 7.9% during the forecast period.
- This report entails a detailed quantitative analysis of the current blood pressure monitoring devices market trends for the period of 2014 to 2022 to identify the prevailing opportunities.
- The market estimations are based on comprehensive analysis of the key developments in the blood pressure monitoring devices market.
- The market is comprehensively analyzed with respect to product type, end user, and geography.
- In-depth analysis of the size on the basis of geography helps in understanding the regional market to assist in strategic business planning.
- The recent developments and strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
Blood Pressure Monitoring Devices Marke Key Segments:
By Product Type
- Aneroid BP Monitors
- Digital BP Monitors
- Blood Pressure Instrument Accessories
- Ambulatory BP Monitors
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Republic of South Africa
- Rest of LAMEA