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Cardiac Pressure Monitors Market

Cardiac Pressure Monitors Market

by Device (Sphygmomanometer, Automated Blood Pressure Monitor, BP Transducers, Ambulatory Blood Pressure Monitor), by End User (Hospitals & Clinics, Home Healthcare, Others) : Global Opportunity Analysis and Industry Forecast, 2022-2032

Report Code: A50462
Pages: NA
Apr 2023 | 81 Views
Author(s) : Onkar S
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A cardiac pressure monitor   is a device used for tracking the cardiac electrocardiogram. When the heart beats, blood is pumped into the arteries with some pressure. These cardiac pressure monitors detect the force in the arteries as the heart pumps. Furthermore, cardiac pressure monitors can be used for tracking blood pressure, cardiac output, and heart rate, thus allowing a better understanding of patients' heart progression and treatment needs. Tens of millions of adults in the U.S. suffer from high blood pressure, also referred to as hypertension. It raises the danger of chronic conditions including heart attack and stroke. However, signs of high blood pressure rarely occur. Cardiac pressure monitors can thus be helpful.
Due to several factors, the market for cardiac pressure monitors is anticipated to expand during the forecasted period. Globally, cases of acute and chronic heart conditions, such as heart attacks, heart failure, high or low blood pressure, arrhythmia, and other coronary heart disorders (CAD), have risen. As a result, there is a necessity for diagnostic techniques to identify these conditions in their early stages. This has increased the demand for self-monitoring devices in the international market. Since the mortality rate associated with cardiovascular diseases has risen , government organizations have taken several initiatives, such as public cardiac pressure monitoring, to create awareness among the people. There has been a shift from hospital healthcare to home healthcare settings which provides better convenience for patients. Furthermore, this has helped with the frequent tracking at different intervals of time. Technology innovations are predicted to provide lucrative opportunities for players to increase their market share in the cardiac pressure monitors market. Various research and development activities conducted by key players, along with innovations for better accuracy and acceptability of non-invasive methods, may help in growth of the Cardiac Pressure Monitors Market during the forecast years.
Although Cardiac Pressure Monitors Market is witnessing an upsurge, various challenges may hinder the growth of the market. The use of self-monitoring devices is limited in developing countries due to a lack of awareness among the population . People have more assurance in hospital-based settings as compared to home settings. Additionally, some devices may have inaccuracies to a certain degree, often with a variation of 15-20 mm Hg. This may cause underdosing or overdosing on certain medications. Therefore, care must be taken while choosing a home-based pressure monitoring device. Due to these errors, many people prefer to get checked by a doctor rather than using these devices. This may slow the growth of the cardiac pressure monitors market. Furthermore, these monitors have high costs, and thus they are not accessible to everyone. Due to this, people usually avoid getting these devices for self-diagnosis purposes. These cardiac pressure monitors have a limited shelf life and frequently need to be replaced. The shelf life of these devices may vary depending on the model and brand used. The working of these devices may occasionally be affected by certain medical procedures. These factors are anticipated to restrain the cardiac pressure monitors market growth. 
Technology innovations may create new opportunities for key players to increase their shares in the cardiac pressure monitors market. There have been increase in investments by manufacturers to produce more accurate devices while minimizing the limitations associated with currently available technologies. Newer strategies for creating more compatible and user-friendly devices are in action. Currently, cardiovascular diseases are one of the leading causes of death globally, owing to a change in lifestyle, diet, and diseases. In addition, behavioral factors such as the consumption of tobacco, unhealthy diet, obesity, physical inactivity, and smoking, contribute to the occurrence of heart diseases. This may act as an opportunity for the cardiac pressure monitors market. Other than this, demand for home-based blood pressure monitors has increased in the post-COVID era. Advances in the available monitors, such as the transfer of data via Bluetooth, have been introduced for better use.
New product launches to flourish in the market.
In October 2020, Omron Healthcare Inc., a global leader in blood pressure devices, launched two new products, the OMRON HEM-7361T and OMRON HEM-7156. These innovations had newer features such as Bluetooth wireless connectivity and advanced screening technology. Due to these products, the adoption of BP monitors among healthcare facilities and patients increased. Furthermore , in 2021, Aktiia SA launched an automatic system for measuring blood pressure 24 hours a day. It continuously tracks the blood pressure of the patient, even while sleeping. 
Segment Overview: 
By device: The cardiac pressure monitors Market is segmented into Sphygmomanometer, Automated Blood Pressure Monitor, BP Transducers, and Ambulatory Blood Pressure Monitor. A sphygmomanometer is a device that consists of an inflatable rubber cuff that is wrapped around the upper arm. The market share for sphygmomanometer is expected to be the highest during the forecast period owing to its efficacy and low cost. The automated blood pressure segment showed the highest growth due to novel features and good precision. Ambulatory Blood Pressure Monitors are expected to contribute significantly to the CAGR due to their widespread use in various ambulatory centers.  
By End User: The Cardiac Pressure Monitors Market is classified into Hospitals & Clinics, Home Healthcare, and Others. Out of this, the home healthcare segment witnessed the highest market share in 2021, as more people preferred staying at home and performing self-diagnosis rather than visiting hospitals. This came into action during and after the pandemic. This has increased the use of home-based cardiac pressure monitors. However, the Hospitals & Clinics segment is expected to expand during the forecast period. . Due to an increase in the prevalence of cardiovascular diseases, many people go to hospitals for routine checkups. This will create more opportunities for accurate and low-cost cardiac pressure monitors in the coming years.
Competitive analysis and profiles of the major players in the cardiac pressure monitors market, such as A&D Medical Inc., American Diagnostics Corp., Drägerwerk, GF Health Products, Inc., General Electric Company, Koninklijke Philips N.V., Medtronic plc, Microlife Corporation, OMRON Corporation, and Rossmax International Ltd. are provided in this report. There are some major players in the market, such as OMRON, which has adopted product launches as key developmental strategies to improve the product portfolio of the cardiac pressure monitors market. In addition, other key market players such as Kaz, A Helen of Troy Company, and Spacelabs Healthcare are listed. 

Cardiac Pressure Monitors Market Report Highlights

Aspects Details
By Device
  • Sphygmomanometer
  • Automated Blood Pressure Monitor
  • BP Transducers
  • Ambulatory Blood Pressure Monitor
By End User
  • Hospitals & Clinics
  • Home Healthcare
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players Koninklijke Philips N.V., Medtronic plc, OMRON Corporation, General Electric Company, Drägerwerk, Rossmax International Ltd., A&D Medical Inc., American Diagnostics Corp., Microlife Corporation, GF Health Products, Inc.
Kaz, A Helen of Troy Company, Spacelabs Healthcare

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