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Pulished Date February, 2020
ID: 841
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North America Blood Pressure Monitoring Device Market Research Report – Segmented By Type and Country (the United States, Canada and Rest of North America) – Industry Size, Share, Trends and Growth Forecast (2020 to 2025)

Pulished: February, 2020
ID: 841
Pages: 145

North America Blood Pressure Monitoring Device Market Size (2020 to 2025)

The size of the North America Blood Pressure Monitoring Devices Market was valued at 1367.3 million in 2020. This figure is forecasted to be growing at a CAGR of 6.70% to reach 1893.2 million by 2025.

Blood pressure is defined as the measure of the force exerted by blood circulation on the vessels' walls as the heart pumps. If the blood pressure exceeds normal pressure, many health problems arise, including heart disease, stroke, kidney failure, and peripheral vascular disease.

Portable devices and mobiles are gaining popularity due to associated advantages such as the wireless transmission of patient information and easy handling. New technologies like mHealth, which support patient adherence to medications and treatments in chronic disease management, are expected to drive market growth. The growing burden of hypertension regionally leads to increased demand for home monitoring devices during the forecast period. Additionally, the benefits of automated devices, such as repetitive blood pressure measurements to verify accuracy and banned mercury devices, help market growth in the years to come. Self-measuring devices are gaining popularity during the forecast period due to the associated advantages such as healthy monitoring, detection, and control, which further anticipate the segment's growth. Automated blood pressure monitors come in different forms, including arms, wrists, and fingers for measuring blood pressure. Additionally, the growing preference for home healthcare and awareness of the importance of early diagnosis of hypertension and heart disease is expected to drive the market growth.

Additionally, increasing prevalence to prevent deaths due to hypertension BP is a key driving factor for growth. Blood pressure monitoring devices are highly accurate and reliable, which also facilitates early diagnosis of the patient's health condition and is likely to boost the market demand. Growth opportunities for the market lie in the increasing incidences of various health disorders. The rising geriatric population is also one of the factors influencing the growth of the market in North America.

Digital blood pressure monitoring devices track the patient’s blood pressure status remotely, which helps to diagnose the condition immediately. The attribute mentioned above is also one of the factors fueling the demand of the market. Increasing prevalence for the early diagnosis procedures to take certain precautions to cure the diseases is lavishing the need for the blood pressure monitoring device market in North America. Adoption of sedentary lifestyles and changes in food habits are promoting the growth of the market. Also, the demand for portable devices for effective use in ambulatory services is ascribed to bolster the development of the market. A rise in the incidences of cardiovascular diseases and obesity problems are escalating the market demand.

Accuracy issues with the results provided may hamper market growth.

This research report segmented and sub-segmented the North America Blood Pressure Monitoring Device Market into the following categories:

  • By Type: Automated BP Monitors, Ambulatory BP Monitors, Sphygmomanometers (Mercury, Aneroid, Digital), BP Transducers, BP instruments Accessories.            
  • By Country: The United States, Canada, and Rest of North America

Regional Analysis:

North America led the global blood pressure monitoring devices market in 2019, accounting for a share of 51% in the overall market.

North America recorded the highest revenue share at over 49.4%, as it has a highly regulated and developed healthcare infrastructure. More than 35% of the United States population, or about 60 million people, suffer from hypertension. The underlying cause of high blood pressure is unknown, but it develops over the years with lifestyle changes. The prevalence of hypertension increases dramatically with age. According to the United States National Center for Health Statistics, in 2020, the prevalence of hypertension in people over 65 was around 65.8%. The majority is expected to increase further shortly. The increase in the average age and the absolute number of retirement homes will generate a significant impact. Besides, new product launches, along with technological advancements, are expected to drive market growth. For example, in June 2019, Hill-Rom launched Welch Allyn home blood pressure monitors and digital scales.

The U.S. is witnessed in leading the highest shares of the market. Increasing capital income is the primary factor in elevating the growth of the market in this country. Besides, a rising aging population with various health disorders is influencing the demand of the market.

Canada is positioned second in holding prominent shares of the market. Growing investments in the healthcare centers are magnifying the demand of the market in Canada. The emergence of advanced technology and the implementation of innovative devices are magnifying the growth rate of the market. Rising stress levels in the individual will lead to high blood pressure, and early diagnosis of this issue will have a complete cure and promotes the wellbeing of the patient. Digital blood pressure monitoring device is very easy to use, and results show up immediately without any wait; these factors are also expanding the shares of the market in Canada.

Some of the promising companies operating in the North America Blood Pressure Monitoring Device Market 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.

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 Introduction                              

                                6.2 United States                            

                                6.3 Canada                         

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                                              

  • 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
  • The 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. North America Blood Pressure Monitoring Device Market, By Region, From 2020 to 2025 (USD Billion)
  2. North America Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  3. North America Automated BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  4. North America Ambulatory BP Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  5. North America Sphygmomanometers Market, By Region, From 2020 to 2025 (USD Billion)
  6. North America BP Transducers Market, By Region, From 2020 to 2025 (USD Billion)
  7. North America BP instruments accessories Market, By Region, From 2020 to 2025 (USD Billion)
  8. United States Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  9. Canada Blood Pressure Monitoring Device Market, By Product, From 2020 to 2025 (USD Billion)
  10. North America Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  11. North America Mercury Meters Market, By Region, From 2020 to 2025 (USD Billion)
  12. North America Aneroid Meters Market, By Region, From 2020 to 2025 (USD Billion)
  13. North America Spirometers Market, By Region, From 2020 to 2025 (USD Billion)
  14. United States Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)
  15. Canada Sphygmomanometers Market, By Type, From 2020 to 2025 (USD Billion)

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