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Pulished Date February, 2020
ID: 840
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Global Blood Pressure Monitoring Devices Market Size, Share, Trends & Growth Analysis Report – Segmented By Type and Region – Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 840
Pages: 178

Blood Pressure Monitoring Devices Market Size (2020 to 2025)

The size of the global blood pressure monitoring devices market is predicted at 3880.9 million in 2020 and forecasted to be growing at a CAGR of 7.27% to reach USD 5512.6 million by 2025.

Blood pressure monitoring devices are used to measure blood pressure within the arteries. Blood pressure monitoring devices play an essential role in the measurement, management, and monitoring of hypertension. Blood pressure monitoring devices are highly accurate and help physicians or doctors ensure effective treatment.

MARKET DRIVERS

Increasing incidences of cardiovascular and chronic diseases worldwide is a key driving factor for the blood pressure monitoring devices market to grow. The demand for B.P. monitors is growing steadily on account of the growing geriatric population and the increasing risk of lifestyle associated complications due to rising incidences of obesity & sedentary lifestyle. Furthermore, demographic trends, such as increasing longevity, will drive the market over the forecast period.

Hypertension causes premature deaths and should be treated well in a specific time where blood pressure monitoring devices play a key role in monitoring patients' blood pressure continuously and notifying any abnormalities. So, increasing incidences of hypertension are making the shares of the market to expand tremendously.

The technological progress of hypertension monitoring should propel the market further. The technologically advanced products are much more convenient and more comfortable to use as opposed to conventional equipment.

Increasing government initiatives to prevent the mortality attributed to hypertension and the growing requirement for portable equipment will drive the B.P. monitoring devices market over the forecast period.

Government and non-government organizations are investing considerable amounts in the health care sector, creating a chance for the market to grow eventually. The 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 the launch of innovative products that 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 plays a significant role in promoting the patient’s well-being, which is also ascribed to bolster the growth rate of the blood pressure monitoring devices market. Increasing knowledge over the use of wireless transmission devices in hospitals and ambulatory services is escalating market demand.

MARKET RESTRAINTS

However, the shortage 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 development of the market. The cost of some devices manufactured with advanced features is a little high, which remains a challenging factor for the market developers. Stringent rules and regulations by the government in approving new devices restrict the growth of the blood pressure monitoring devices market.

Excessive cost for technological developments, lack of trained physicians coupled with low awareness in underdeveloped countries, and some extent in developing nations, may hinder the market growth of blood pressure monitoring devices.

Impact of COVID-19 on Blood Pressure Monitoring Devices Market

Since the COVID-19 virus outbreak in December 2019, the virus has spread globally, with the World Health Organization declaring it a pandemic. The COVID-19 pandemic impacts are already starting to be felt globally and will significantly affect the Blood Pressure Monitoring Device market in 2020

Due to government-imposed lockdowns worldwide, the need for instruments to measure blood pressure regularly while remaining indoors has increased significantly. On the other hand, due to a shifting in focus for developing a vaccine for COVID-19, the monitoring devices' research and development have slowed down.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Covered

By Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Challenges, Restraints, Opportunities, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global blood pressure monitoring devices market has been segmented and sub-segmented into the following categories:

Blood Pressure Monitoring Devices Market – By Type:

  • Automated BP Monitors                  
  • Ambulatory BP Monitors                 
  • Sphygmomanometers                      
    • Mercury
    • Aneroid
    • Digital   
  • BP Transducers                    
  • BP instruments accessories         

In terms of revenue share, the sphygmomanometer segment dominated the product type with a 45% share in 2019 and is expected to show lucrative growth over the forecast period. Technological advancements and new product launches are expected to fuel the demand for sphygmomanometers worldwide. Demand for digital sphygmomanometer is expected to grow at lucrative CAGR due to benefits such as accurate results and ease of use. Besides, continuous technological improvement, such as advances in wearable technology, apps, and mobiles in the consumer healthcare segment, the declining average selling price for retailers and manufacturers, rising penetration in the professional market are the factors propelling the market growth.

Blood Pressure Monitoring Devices Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, 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 drive the growth of this market. Increasing investments to develop accurate and efficient B.P. monitors is the key factor expected to contribute to blood pressure monitoring devices' market growth in the coming years.

Moreover, new product launches and technological progress are expected to drive the market further. Moreover, a growing preference for home healthcare and information about the significance of the early diagnosis of hypertension & cardiac diseases is also expected to boost the region's market growth.

The European market has been governed by Denmark and the U.K. due to the successful launch of telehealth services. Public health England determined that around 13.4 million people in England have undiagnosed or B.P. recorded hypertension. The population of England is rapidly aging, and the average life expectancy is high. Favorable government initiatives such as 'The Blood Pressure Action Plan' will assuredly impact the rendering factor. The promising demographic trends, coupled with the high prevalence, should boost the U.K. hypertension monitoring devices market.

On the other hand, Asia-Pacific 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 high BP are key factors contributing to this regional market growth. The Asia-Pacific market is further expected to expand rapidly over the forecast due to untapped possibilities, increasing expenditures by manufacturers, growing awareness levels, and rising hypertension incidences. Rapidly developing healthcare amenities and the skyrocketing number of undiagnosed & untreated cases of high B.P. are key determinants contributing to this regional market growth.

Supportive government drives for increasing awareness among people and a rapidly growing target disease population base are further adding to the profitable growth of the B.P. monitoring devices market in this region. In May 2018, The Indian Council of Medical Research had started the "May Measurement Month 2018" campaign to increase alertness about blood pressure, which is the principal cause of fatality and morbidity in India. Indian blood pressure monitoring devices market will observe notable growth due to the expanding patient pool. The high pervasiveness of obesity and diabetes will further drive regional growth.  

PROMINENT COMPANIES IN THE MARKET

Companies leading the global blood pressure monitoring devices market profiled in the report are 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.

RECENT MARKET HAPPENINGS:

In January 2017, Omron EVOLV was introduced by Omron Healthcare Inc., has been a great success due to superior features. This device is a portable upper arm blood pressure monitoring and is also a wireless device.

The collaboration of PhysIQ Inc. and Omron healthcare in February 2019 brought many changes in the product portfolio and merged many devices for effective outcomes. The integration of heart guide wearable BP monitor of Omron into the pinpointIQ platform can be used effectively in the outpatient facilities.

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                                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Blood Pressure Monitoring Device Market, By Region, From 2020 to 2025 (USD Billion)
  2. Global Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  3. Global Automated BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  4. Global Ambulatory BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  5. Global Sphygmomanometers Market, By Region, From 2020 to 2025 (USD Billion)
  6. Global BP Transducers Market, By Region, From 2020 to 2025 (USD Billion)
  7. Global BP instruments accessories Market, By Region, From 2020 to 2025 (USD Billion)
  8. Global Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  9. Global Mercury Meters Market, By Region, From 2020 to 2025 (USD Billion)
  10. Global Aneroid Meters Market, By Region, From 2020 to 2025 (USD Billion)
  11. Global Spirometers Market, By Region, From 2020 to 2025 (USD Billion)
  12. North America Blood Pressure Monitoring Device Market, By Region, From 2020 to 2025 (USD Billion)
  13. North America Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  14. North America Automated BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  15. North America Ambulatory BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  16. North America Sphygmomanometers Market, By Region, From 2020 to 2025 (USD Billion)
  17. North America BP Transducers Market, By Region, From 2020 to 2025 (USD Billion)
  18. North America BP instruments accessories Market, By Region, From 2020 to 2025 (USD Billion)
  19. United States Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  20. Canada Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  21. North America Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  22. North America Mercury Meters Market, By Region, From 2020 to 2025 (USD Billion)
  23. North America Aneroid Meters Market, By Region, From 2020 to 2025 (USD Billion)
  24. North America Spirometers Market, By Region, From 2020 to 2025 (USD Billion)
  25. United States Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  26. Canada Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  27. Europe Blood Pressure Monitoring Device Market, By Region, From 2020 to 2025 (USD Billion)
  28. Europe Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  29. Europe Automated BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  30. Europe Ambulatory BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  31. Europe Sphygmomanometers Market, By Region, From 2020 to 2025 (USD Billion)
  32. Europe BP Transducers Market, By Region, From 2020 to 2025 (USD Billion)
  33. Europe BP instruments accessories Market, By Region, From 2020 to 2025 (USD Billion)
  34. U.K Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  35. Spain Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  36. Germany Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  37. Italy Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  38. France Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  39. Europe Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  40. Europe Mercury Meters Market, By Region, From 2020 to 2025 (USD Billion)
  41. Europe Aneroid Meters Market, By Region, From 2020 to 2025 (USD Billion)
  42. Europe Spirometers Market, By Region, From 2020 to 2025 (USD Billion)
  43. U.K Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  44. Spain Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  45. Germany Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  46. Italy Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  47. France Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  48. Asia-Pacific Blood Pressure Monitoring Device Market, By Region, From 2020 to 2025 (USD Billion)
  49. Asia-Pacific Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  50. Asia-Pacific Automated BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  51. Asia-Pacific Ambulatory BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  52. Asia-Pacific Sphygmomanometers Market, By Region, From 2020 to 2025 (USD Billion)
  53. Asia-Pacific BP Transducers Market, By Region, From 2020 to 2025 (USD Billion)
  54. Asia-Pacific BP instruments accessories Market, By Region, From 2020 to 2025 (USD Billion)
  55. China Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  56. India Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  57. Japan Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  58. South Korea Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  59. Australia Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  60. Asia-Pacific Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  61. Asia-Pacific Mercury Meters Market, By Region, From 2020 to 2025 (USD Billion)
  62. Asia-Pacific Aneroid Meters Market, By Region, From 2020 to 2025 (USD Billion)
  63. Asia-Pacific Spirometers Market, By Region, From 2020 to 2025 (USD Billion)
  64. China Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  65. India Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  66. Japan Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  67. South Korea Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  68. Australia Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  69. Latin America Blood Pressure Monitoring Device Market, By Region, From 2020 to 2025 (USD Billion)
  70. Latin America Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  71. Latin America Automated BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  72. Latin America Ambulatory BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  73. Latin America Sphygmomanometers Market, By Region, From 2020 to 2025 (USD Billion)
  74. Latin America BP Transducers Market, By Region, From 2020 to 2025 (USD Billion)
  75. Latin America BP instruments accessories Market, By Region, From 2020 to 2025 (USD Billion)
  76. Brazil Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  77. Argentina Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  78. Mexico Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  79. Latin America Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  80. Latin America Mercury Meters Market, By Region, From 2020 to 2025 (USD Billion)
  81. Latin America Aneroid Meters Market, By Region, From 2020 to 2025 (USD Billion)
  82. Latin America Spirometers Market, By Region, From 2020 to 2025 (USD Billion)
  83. Brazil Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  84. Argentina Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  85. Mexico Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  86. Middle East & Africa Blood Pressure Monitoring Device Market, By Region, From 2020 to 2025 (USD Billion)
  87. Middle East & Africa Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  88. Middle East & Africa Automated BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  89. Middle East & Africa Ambulatory BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  90. Middle East & Africa Sphygmomanometers Market, By Region, From 2020 to 2025 (USD Billion)
  91. Middle East & Africa BP Transducers Market, By Region, From 2020 to 2025 (USD Billion)
  92. Middle East & Africa BP instruments accessories Market, By Region, From 2020 to 2025 (USD Billion)
  93. Middle East Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  94. Africa Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  95. Middle East & Africa Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  96. Middle East & Africa Mercury Meters Market, By Region, From 2020 to 2025 (USD Billion)
  97. Middle East & Africa Aneroid Meters Market, By Region, From 2020 to 2025 (USD Billion)
  98. Middle East & Africa Spirometers Market, By Region, From 2020 to 2025 (USD Billion)
  99. Middle East Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  100. Africa Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)

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