According to IMARC Group’s latest report, titled “Blood Pressure Monitoring Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global blood pressure monitoring devices market size reached US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2027, exhibiting a growth rate (CAGR) of 11.81% during 2022-2027.
What are Blood Pressure Monitoring Devices?
The blood pressure (BP) monitoring device refers to a machine that is used to accurately measure the blood pressure of an individual. It consists of an inflatable cuff, an air pressure sensor, a pump, etc. The cuff is then placed on the left arm of the user, which collapses and releases the artery beneath in a controlled manner. Presently, leading manufacturers are developing numerous portable, lightweight, and inexpensive BP monitors. They are easy to use and have a large reading display. Blood pressure monitoring devices are also capable of storing several previous readings, which aid the users in keeping track of their average blood pressure.
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What are the Growth Prospects and Trends in the Blood Pressure Monitoring Devices Industry?
The increasing consumer awareness towards the risks associated with hypertension, which can often lead to stroke, cardiovascular disorders, kidney failure, etc., is primarily augmenting the blood pressure monitoring devices market. Furthermore, the rising usage of this instrument by individuals, as it allows them to consult a doctor as soon as any peculiarities are observed, is positively influencing the global market. Apart from this, the expanding geriatric population is escalating the demand for such devices, which is acting as another significant growth-inducing factor. Moreover, key market players are engaging in R&D activities to develop variants that offer multi-user interfaces while providing the average blood pressure readings of each user, thereby bolstering the market growth. Besides this, the inflating healthcare expenditure capacities, and the launch of favorable initiatives by government bodies to promote the use of home-based BP equipment are expected to fuel the blood pressure monitoring devices market in the coming years.
Who are the Key Players Operating in the Blood Pressure Monitoring Devices Market?
The report has also analyzed the competitive landscape of the market with some of the key players.
- A&D Medical Inc.
- GE Healthcare
- Koninklijke Philips N.V
- Omron Healthcare
- Welch Allyn
- Rossmaax International Limited
- Spacelab’s Healthcare Inc.
- Contec Medical System Co. Ltd
- Microlife AG
- Halma plc.
- Hill-Rom Holdings
- American Diagnostic
- Smith’s Group Plc.
- Schiller AG
- SunTech Medical
What is Included in Market Segmentation?
The report has categorized the market based on product type, technology, end-user, and region.
Market Breakup by Product Type:
- Monitor
- Sphygmomanometers
- Automated BP Monitors
- Ambulatory BP Monitors
- BP Transducers
- Home-Based BP Monitors
- Others
- Accessories
- Blood Pressure Cuffs
- Manometers
- Valves and Bladders
- Others
- Market Breakup by Technology:
- Digital
- Aneroid
- Wearable
Market Breakup by End-User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- Homecare Settings
- Others
Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Key Highlights of The Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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