The size of the Blood Pressure Monitoring Devices Market in Europe was worth USD 1103.70 Million in 2022 and is estimated to be growing at a CAGR of 6.26%, to reach USD 1495.20 Million by 2027.
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 projected 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 Africa's rapidly rising geriatric population, the market for Blood Pressure Monitoring Devices is predicted to expand. The market would benefit from technological improvements in the medical field and unique products that are exceptionally accurate and convenient for end-users. Furthermore, the sector is expanding due to 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.
A 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:
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.
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
2.2 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
3.1 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
5.1.4 BP Transducers
5.1.5 BP instruments accessories
6. Geographical Analysis
7.1 PESTLE analysis
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
8.1.2 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
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
a) List of Tables
b) List of Figures
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