Global Blood Pressure Monitoring Devices Market size predicted to reach 3880.9 million in 2019 and estimated to be growing at a CAGR of 7.27% to reach USD 5512.6 million by 2024.
In the next few years, the demand for blood pressure monitoring devices is expected to increase significantly in emerging economies. Hypertension, also known as high blood pressure, is a long-term medical condition, wherein the blood pressure in the arteries is persistently elevated. It is a chronic condition and a leading cause of death and responsible for cardiovascular diseases and heart attacks globally. Blood Pressure Monitoring devices are those which automatically obtain and usually record the blood pressure at certain intervals, using the direct or indirect method of determining pressure. Hence, is user-friendly and can be used at home easily.
Key Market Growth Drivers
However, the dearth of skilled technicians in resolving system failure in real-time applications due to certain factors is slowly hindering the growth of the market. Lack of standardization is one more factor degrading the growth of the market. The cost of some devices manufactured with advanced features is a little high and this remains a challenging factor for the market developers. Stringent rules and regulations by the government in approving new devices are restricting the growth of the blood pressure monitoring devices market.
Government and non-government organizations are investing huge amounts in the health care sector which is creating a chance for the market to grow eventually. Rapidly increasing elderly population globally is also elevating the demand of the Blood Pressure Monitoring Devices Market. Growth opportunities for the market lie in the emergence of technological advancements in the medical sector and also launch of innovative products which are highly accurate and convenient for the end-users. Also, the introduction of portable devices which can be easily used in any place is prompting the growth of the market. In modern days, the internet of things is playing an effective role in promoting patient’s wellbeing which is also ascribed to bolster the growth rate of blood pressure monitoring devices market to the extent. Increasing knowledge over the use of wireless transmission devices in hospitals and ambulatory services is escalating the demand of the market.
Recent developments in this market:
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
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Forecast Period |
2019 - 2024 |
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Segments Covered |
By Type and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
GE Healthcare, Welch Allyn, A&D Medical Inc., SunTech Medical, Rossmax International Ltd, Spacelabs Healthcare Inc., Panasonic Corporation, Philips Healthcare, Contec Medical Systems Co. Ltd, Omron Healthcare and Microlife AG |
This research report on Global Blood Pressure Monitoring Devices Market has been segmented and sub-segmented into the following categories:
Blood Pressure Monitoring Devices Market – By Type:
In terms of revenue share, the sphygmomanometer segment dominated the product type and is expected to show lucrative growth over the forecast period.
Regional Analysis:
North America dominates the overall industry followed by Europe. Factors such as the increasing prevalence of chronic and acute diseases such as hypertension and cardiac diseases, technological advancements, acceptability of the non-invasive pressure monitors among the patients, and the existence of key market players in North America are driving the growth of this market.
Asia-Pacific, on the other hand, is expected to grow at a rapid pace over the forecast period. Increasing investment by government, growing awareness levels and rising incidences of hypertension and the number of undiagnosed of high BP are key factors attributing to this regional market growth.
Companies leading the Global Blood Pressure Monitoring Device Market profiled in the report are:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Automated BP Monitors
5.1.2 Ambulatory BP Monitors
5.1.3 Sphygmomanometers
5.1.3.1 Mercury
5.1.3.2 Aneroid
5.1.3.3 Digital
5.1.4 BP Transducers
5.1.5 BP instruments accessories
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 GE Healthcare
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Welch Allyn
8.3 A&D Medical Inc
8.4 SunTech Medical
8.5 Rossmax International Ltd
8.6 Spacelabs Healthcare Inc
8.7 Panasonic Corporation
8.8 Philips Healthcare
8.9 Contec Medical Systems Co. Ltd
8.10 Omron Healthcare
8.11 Microlife AG
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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