Blood Pressure Monitoring Devices Market Size to Record 11.2% CAGR Through 2027

Global Blood Pressure Monitoring Devices Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2027. Blood Pressure Monitoring Devices Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Blood Pressure Monitoring Devices market and provides information regarding the revenue for the period 2021 to 2027.

The global Blood Pressure Monitoring Devices Market was valued at US$ 1.26 billion in 2019 and it is expected to reach US$ 2.95 billion by the end of 2027, growing at a CAGR of 11.2% during 2020-2027.

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Blood pressure (BP) is considered to be an essential indication for the evaluation of physiological condition. Measurement of blood pressure is also one of the most frequent diagnostic tests that signify substantial changes in blood volume, the resistance of peripheral vasculature, and the pumping effectiveness of the heart.

Thus, BP monitoring devices (also known as sphygmomanometer and blood pressure gauge) are gaining considerable traction to assess the blood pressure within the arteries. These devices also perform an integral role in regulating, measurement, and management of hypertension and irregular heartbeat, etc. The rise in cases of hypertension across the globe, followed by the increasing government initiatives to create awareness program regarding blood pressure are the few factors responsible for the high CAGR of the market during the forecast period. According to the World Health Organization (WHO), in 2019, around 1.3 billion people have hypertension worldwide, most (two-thirds) living in low and middle-income countries. Besides, one of the global aims for non-communicable diseases is to lessen the incidence of hypertension by almost 25% through 2025. This, in turn, is likely to promote the adoption for blood pressure monitoring devices, thereby contributing to the market growth around the world. However, the high cost of technological developments in blood pressuring monitoring devices, lack of standardization, and concerns related to the accuracy of these devices are the few factors restraining the market growth over the forecast period of 2020-2027.

Major Blood Pressure Monitoring Devices market player included in this report are:

  • GE Healthcare (General Electric Company)
  • Koninklijke Philips N.V.
  • A&D Company, Limited
  • Welch Allyn
  • SunTech Medical, Inc.
  • American Diagnostic Corporation
  • Withings
  • Briggs Healthcare
  • Spacelabs Healthcare
  • Microlife Corporation

The regional analysis of the global Blood Pressure Monitoring Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising investments in the development of effective and precise BP monitors, followed by the presence of large number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in cases of hypertension and other BP-related health complications coupled with improving healthcare infrastructure in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the blood pressure monitoring devices market in the Asia-Pacific region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type:

  • Sphygmomanometer/Aneroid BP monitors
  • Automated/Digital Blood Pressure Monitors
  • Ambulatory Blood Pressure Monitors
  • Transducers
  • Blood Pressure Instrument Accessories

By End-Use:

  • Hospitals
  • Ambulatory Surgical Centers and Clinics
  • Home Healthcare

Global Blood Pressure Monitoring Devices Market: regional analysis

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Blood Pressure Monitoring Devices market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.

Frequently Asked Questions

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