The size of the blood pressure monitoring devices market in Europe was worth USD 1103.70 Million in 2022. The European market is expected to grow at a CAGR of 6.26% from 2023 to 2028 and be worth USD 1588.8 million by 2028 from USD 1172.7 million in 2023.
Hypertension causes early death and should be treated appropriately at a time when blood pressure monitoring devices play an essential role in continually monitoring patients' blood pressure and alerting them to any anomalies. As a result of the rising prevalence of hypertension, market shares are rapidly expanding. The market for hypertension monitoring should continue to grow as technology advances. Compared to traditional equipment, technologically improved products are far more convenient and comfortable to use.
Over the forecast period, the Europe blood pressure monitoring devices market is driven by rising government attempts to decrease hypertension-related mortality and growing demand for portable equipment. Government and non-government organizations invest extensively in the healthcare industry, signaling that the market has room to grow in the future. Due to Europe’s rapidly rising geriatric population, the market for blood pressure monitoring devices is predicted to grow. The technological improvements in the medical field and unique products that are exceptionally accurate and convenient for end-users are propelling the European BP monitoring devices market.
Furthermore, the European market is also driven by the introduction of portable devices that may be used almost everywhere. The internet of things plays an increasingly essential role in supporting patient well-being in today's environment, which may explain why the market for blood pressure monitoring devices in Europe is expanding quickly. The market for wireless transmission devices in hospitals and ambulatory settings grows as more individuals become aware of their advantages.
On the other side, the scarcity of qualified technicians capable of addressing system failure in real-time applications due to a range of challenges is slowing the market's growth. A lack of homogeneity is another factor inhibiting market expansion. Some advanced-featured products have a hefty price tag, which remains a hurdle for market developers. In addition, the government's strict rules and regulations for approving new devices are suffocating the market for blood pressure monitoring devices in Europe. Excessive expenses for technological developments, a scarcity of qualified physicians, and a lack of awareness in impoverished and, to a degree, emerging countries may hinder the expansion of the blood pressure monitoring device market in Europe.
This research report has been segmented and sub-segmented the European blood pressure monitoring devices market into the following categories:
Europe Blood Pressure Monitoring Devices Market - By Type:
Europe Blood Pressure Monitoring Devices Market - By Country:
Geographically, the European region accounted for the second-largest share of the global market in 2020. The rising prevalence of cardiovascular and chronic diseases in Europe is a primary reason driving the demand for blood pressure monitoring devices to expand. In addition, the need for B.P. monitors is gradually increasing, owing to the growing senior population and the increased risk of lifestyle-related diseases due to rising obesity and sedentary lifestyle rates. Furthermore, demographic trends such as growing longevity will drive the market over the projection period.
In 2018, the European blood pressure monitoring device market accounted for roughly 35% of the worldwide blood pressure monitoring device market. The European Union's standardization of the accuracy and safety of blood pressure monitoring devices has enhanced the public acceptability of these devices, resulting in increased demand in the region.
Due to the successful development of telehealth services, Denmark and the United Kingdom have dominated the European market. Undiagnosed or B.P. documented hypertension affects roughly 13.4 million people in England, according to Public Health England. England's population is rapidly aging, with a high average life expectancy. Government actions that benefit the rendering factor, such as the "Blood Pressure Action Plan," will undoubtedly influence. The market for hypertension monitoring devices in the United Kingdom should grow due to optimistic demographic trends and high prevalence.
KEY MARKET PLAYERS:
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 play a leading role in the European blood pressure monitoring device market.
The growing aging population, increasing awareness about health monitoring, and advancements in technology are majorly driving the growth of the bp monitoring devices market in Europe.
Germany, France, and the United Kingdom are among the leading markets with substantial demand for blood pressure monitoring devices.
Reimbursement issues, concerns about the accuracy of certain devices, and the high cost of advanced blood pressure monitoring technologies are some of the notable challenges to the growth of the blood pressure monitoring devices market in Europe.
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