A research study titled, “Blood Pressure Monitoring Devices Market by
Product and End User - Global Industry Analysis and Forecast to 2025” published
by Crystal Market Research, states that the blood pressure monitoring devices
market is projected to be around $2.3 billion by 2025.
Blood
pressure monitors are the devices which are used to monitor blood pressure.
These monitors reveal the systolic and diastolic pressure. They are used when
the blood pressure is hypertension or hypotension. Hypertension is a condition
in which there is an increase in the pressure on the walls of arteries. A
person whose blood pressure is 140/90 mmHg or more for a prolonged period is
said to have hypertension. Risk factors for hypertension are age, physical
inactivity, tobacco consumption, excess salt consumption in diet, excess
alcohol consumption and stress. According to the World Heart Federation, about
330 million people in developed countries and 640 million individuals in
developing countries have hypertension. According to the Center for Disease Control
and Prevention, about 7 out of every 10 American people affected by chronic
heart failure suffer from high blood pressure. The study further states that 8
out of every 10 patients experiencing their first stroke suffer from high blood
pressure.
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Sphygmomanometer segment occupied the largest share of the
overall market in 2016.This major share is attributed to factors such as its
digitalization and extensive applications. Digital sphygmomanometer segment is
anticipated to experience a profitable growth during the forecast period due to
factors such as low cost of these devices, ease of use for doctors and patients
and high accuracy.
U.S.
dominated the North American blood pressure monitoring devices market in 2016
due to rising prevalence of lifestyle related diseases, higher awareness about
blood pressure monitoring devices and advanced healthcare infrastructure.
According to the data revealed by the U.S. Department of Health and human
Services, 7 out of every 10 American patients experiencing their first heart
attack are affected by high blood pressure. Emerging economies such as China
and India will show favorable growth during the forecast period due to rise in
preference of people for preventive healthcare.
Product
development is a key strategy adopted by the players operating the blood
pressure monitoring devices market. For instance, in 2015, SunTech Medical,
Inc. launched the True24 ABPM Diary mobile app for their Oscar 2 blood pressure
monitoring system. Some of the key players in the global blood pressure
monitoring devices market are Withings, Philips Healthcare, Welch Allyn, Inc.,
A&D Medical Inc., Spacelabs Healthcare Inc., GE Healthcare, American
Diagnostics Corporation, SunTech Medical, Inc., Briggs Healthcare, Microlife
AG, GF Health Products Inc., Rossmax International Ltd., and Omron Healthcare,
Inc.
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Competitive
Analysis
Product
innovation and development is a key strategy followed by the major players in
blood pressure monitoring devices market. For instance, in January 2014, GE
Healthcare unveiled its new blood pressure cuff for the forearm called GE
Critikon Radial-Cuf which addresses the issue of inaccurate reading for people
with upper arm circumference of more than 40 centimeters. Some of the key
players in the global blood pressure monitoring devices market are Withings SA,
Philips Healthcare, GE Healthcare, Welch AllynInc., A&D Medical Inc.,
Spacelabs Healthcare Inc., SunTech Medical, Inc., American Diagnostics
Corporation, Briggs Healthcare,GF Health Products, Inc.
Market Opportunities
Technological
advancements such as mobile based blood pressure monitoring systems and
increasing demand for personalized and portable monitoring systems are the key
opportunities that the competing players will focus on over the next few years.
With rising geriatric population susceptible to high blood pressure and growing
awareness about preventive healthcare worldwide, the market has tremendous
growth opportunities over the forecast period.
Blood Pressure Monitoring
Devices Market Segmentation
By Product:
- Sphygmomanometers
o Digital Sphygmomanometers
o Aneroid Sphygmomanometers
o Mercury Sphygmomanometers
- Ambulatory Blood Pressure Monitors
- Automatic Blood Pressure Monitors
- Blood Pressure Transducers
- Blood Pressure Instrument Accessories
o Blood Pressure Cuffs
§ Disposable
§ Reusable
o Bladders, Bulbs andValves
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About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business intelligence,
and consulting services to help clients make more informed decisions. It
provides both syndicated as well as customized research studies for its
customers spread across the globe. The company offers market intelligence
reports across a broad range of industries including healthcare, chemicals
& materials, technology, automotive, and energy.
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