IMARC Group, a leading market research company, has recently released a report titled “Blood Pressure Monitoring Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global blood pressure monitoring devices market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Blood Pressure Monitoring Devices Market?
The global blood pressure monitoring devices market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028.
What are Blood Pressure Monitoring Devices?
Blood Pressure Monitoring Devices are medical instruments used to measure an individual's blood pressure levels, providing critical data for diagnosing and managing hypertension and other cardiovascular conditions. These devices generally consist of an inflatable cuff to constrict the blood flow and a mercury or aneroid manometer to measure the pressure. They can be categorized into manual, digital, and ambulatory types. Manual devices are often used in clinical settings and require skilled personnel for accurate readings. Digital monitors are user-friendly and commonly used for at-home monitoring. Ambulatory monitors record blood pressure at regular intervals over a 24-hour period, providing a more comprehensive picture. Accurate and timely blood pressure monitoring is crucial for effective treatment and management of cardiovascular health.
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What are the Growth Prospects and Trends in the Blood Pressure Monitoring Devices Industry?
The growing prevalence of hypertension and cardiovascular diseases worldwide represents one of the key factors driving the growth of the market across the globe. This is further boosting the demand for accurate and convenient blood pressure monitoring solutions. The risk of developing hypertension increases with age. As the global population ages, the demand for blood pressure monitoring devices is rising. Innovations like smart, wearable devices and the integration of Bluetooth and smartphone apps are making it easier for individuals to monitor their blood pressure regularly. The market is also driven by the growing public awareness about the importance of early diagnosis and management of hypertension. Governmental and non-governmental organizations are engaging in awareness campaigns, particularly in low- and middle-income countries, to educate people about cardiovascular health, which is indirectly boosting device sales. The rising disposable income in developing countries is making it more feasible for a broader population to invest in healthcare devices like blood pressure monitors which is facilitating the market growth.
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.
Breakup by Product Type:
- MonitorSphygmomanometers
Automated BP Monitors
Ambulatory BP Monitors
BP Transducers
Home-Based BP Monitors
Others
- AccessoriesBlood Pressure Cuffs
Manometers
Valves and Bladders
Others
- Market Breakup by Technology:Digital
Aneroid
Wearable
Breakup by End-User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- Homecare Settings
- Others
Regional Insight:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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.
About Us;
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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