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 revenue CAGR of 11.1% during the forecast period, 2021-2028.
The global blood pressure monitoring devices market revenue growth is majorly attributed to factors such as rise in global geriatric population, rising burden of lifestyle-induced and age-related health disorders such as diabetes, obesity, hypertension, and high blood pressure, growing prevalence of cardiovascular diseases, and continuous advancements in healthcare technology. According to a 2019 research report issued by the World Health Organization (WHO), more than 1.15 billion people across the globe had been suffering from lifestyle diseases such as high blood pressure and hypertension.
Recent technological advancements such as introduction of digitalized blood pressure machines, mobile-based monitoring, and sensor-based devices are factors expected to boost demand for automated blood pressure monitoring devices throughout forecast period. Other factors such as increasing government support and investment by major manufacturing companies are also fueling market growth.
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Blood pressure monitoring devices are used to measure blood pressure within arteries. Basic devices consist of a rubber squeeze bulb, a tube and gauge, and an inflatable cuff that wraps around the patient’s or users arm. The reliability and accuracy of professional blood pressure monitoring systems in healthcare settings is vital and need for more accurate measuring devices has prompted leading medical device manufacturers to focus on innovation and development of more advanced and accurate devices and systems. Miniaturization of medical devices has also opened up vast and high potential opportunities for players operating in the market, and this is expected to further support growth of the blood pressure monitoring devices market to a significant extent going ahead.
Competition in the Ventilator Market
This Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as: Koninklijke Philips N.V., General Electric Company, A&D Company, Ltd., Welch Allyn, SunTech Medical, Inc., American Diagnostic Corp., Withings, Briggs Healthcare, Spacelabs Healthcare, and Kaz Inc.
Some Key Findings in the Report:
- In February 2019, PhysIQ Inc. and Omron Healthcare announced entering into partnership that enables PhysIQ to add HeartGuide, which is a wearable blood pressure monitor developed by Omron Healthcare, into its pinpointIQ platform.
- Hospitals and clinic segment in the global blood pressure monitoring devices market is expected to robust revenue during forecast period, which can be attributed to increasing number of private hospitals in developing countries and rising adoption of technologically advanced devices in the medical sector.
- The market in Europe accounted for second-largest revenue share in the global market in 2020. Key factors such as technological advancements and increasing geriatric population in countries in the region are driving revenue growth of the market in this region.
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The Blood Pressure Monitoring Devices Market report delivers information about market segmentation in terms of revenue generation, growth potentials, and regional demand taking place in future. It introduces the global perspective of Blood Pressure Monitoring Devices Market by analyzing historical and future trend analysis with respect to growth. The research report includes specific segments by region (country), by company, and by Application
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; 2021–2028)
Sphygmomanometer
Digital Blood Pressure Monitor
Ambulatory Blood Pressure Monitor
Instruments & Accessories
Transducers
Technology Outlook (Revenue: USD Billion; 2021–2028)
Air pressure-based
Digital
Aneroid
Sensor-Based
End-Use Outlook (Revenue: USD Billion; 2021–2028)
Hospitals and Clinics
Ambulatory Surgical Centers
Diagnostic Centers
Homecare Settings
Others
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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