Blood Pressure Monitoring Devices Market Trend- Rising Number of Product Approvals in Developed Countries

Increasing prevalence of chronic diseases, risk of high BP in elderly population, and growing awareness about early diagnosis are some key factors expected to drive global market growth

According to Emergen Research, the global blood pressure monitoring devices market size was USD 1.36 billion in 2020 and is expected to reach USD 3.18 billion in 2028 and register a steady CAGR of 11.1% during the forecast period, 2021-2028.

Market Dynamics:

Blood pressure monitoring devices are specially designed tools used for measuring blood pressure within the arteries. Manual blood pressure monitoring devices consist of a cuff that is wrapped around the arm, a gauge that measures blood pressure, and a rubber squeeze bulb. These devices provide accurate measurement and help physicians to make precise analysis to offer necessary treatment. There has been a rapid increase in the demand for advanced blood pressure monitoring devices across the globe owing to rising health risks associated with hypertension. A severe case of hypertension can lead to cardiovascular diseases, kidney failure, and strokes. Factors such as changing lifestyles, rising healthcare spending, increasing demand for digital blood pressure monitoring devices, rapid adoption of homecare settings, and growing preference for cost-effective, portable, wearable devices are expected to drive global market revenue growth during the forecast period.

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In addition, government initiatives to promote the importance of blood pressure monitoring in rural areas, rising geriatric population, and increasing investments in research and development activities are some key factors that are expected to drive global market growth going ahead. However, low awareness about blood pressure monitoring devices in developing countries and high cost of advanced monitoring devices are some key factors that can hamper overall market growth to a certain extent during the forecast period.

COVID-19 Impact Analysis

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants continue to cause concerns and impact normal routines

Sphygmomanometer Segment to Account for Significantly Larger Revenue Share:

The sphygmomanometer segment is expected to account for significantly larger revenue share between 2021 and 2028 owing to increasing cases of high blood pressure, rapid advancements in sphygmomanometers, and rapid adoption of these devices in ambulatory care services and homecare settings.

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Homecare Settings Segment To Register Rapid Revenue Growth:

The homecare settings segment is expected to register rapid revenue growth over the forecast period. Factors such as increasing prevalence of blood pressure due to changing lifestyles, rising elderly population, growing demand for self-monitoring devices, and rapid adoption of blood pressure monitoring devices amidst the coronavirus pandemic are expected to drive revenue growth of the segment during the forecast period.

North America to Lead In Terms of Revenue Share:

North America is expected to dominate other regional markets in terms of revenue share during the forecast period owing to increasing prevalence of hypertension and lifestyle-associated diseases, rising geriatric population, and rapid adoption of advanced technologies. In addition, presence of well-developed healthcare facilities, increasing demand for advanced monitoring systems, and rising number of product approvals are other factors expected to drive North America market growth during the forecast period.

Major Companies in the Market Include:

• Koninklijke Philips N.V.
• General Electric Company
• A&D Company, Ltd.
• Welch Allyn
• SunTech Medical, Inc.
• American Diagnostic Corp.
• Withings
• Briggs Healthcare
• Spacelabs Healthcare
• Kaz Inc.

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Segments Covered in Blood Pressure Monitoring Devices report

For the purpose of this report, Emergen Research has segmented the global blood pressure monitoring devices market based on product type, technology, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

• Sphygmomanometer
• Digital Blood Pressure Monitor
• Ambulatory Blood Pressure Monitor
• Instruments & Accessories
• Transducers

Technology Outlook (Revenue, USD Billion; 2018–2028)

• Air pressure-based
• Digital
• Aneroid
• Sensor-Based

End-Use Outlook (Revenue, USD Billion; 2018–2028)

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Diagnostic Centers
• Homecare Settings
• Others

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Regional Outlook (Revenue, USD Billion; 2018–2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • BENELUX
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Turkey
  • Rest of MEA

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