Blood Pressure Monitoring Devices Market By Product Type (Aneroid BP Monitors, Digital BP Monitors, Blood Pressure Instrument Accessories, Ambulatory BP Monitors), By End User (Hospitals, Home Health Care, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global blood pressure monitoring devices market was valued at $ 2175.83million in 2020, and is projected to reach $ 3789.76million by 2030, registering a CAGR of 5.7% from 2021 to 2030.
Blood pressure (BP) monitoring devices are used for the measurement of three types of blood pressure: high, low, and normal blood pressure, which shows excessive or maladaptive fluctuations. Blood pressure is one of the main risk factors for chronic heart diseases and strokes, which are the leading cause of death around the world. This is due to rise in importance of blood pressure monitoring devices in home care settings and emergence of advanced technologies. In addition, upsurge in geriatric population and sedentary lifestyle has fueled the demand for blood pressure monitoring devices. Moreover, surge in obese population and rise in awareness about the harmful effects of hypertension have fueled the market growth. However, lack of awareness about these devices in the low- and middle-income countries is expected to hamper the market growth.
The blood pressure monitoring devices market is segmented on the basis of product type, and region. By product type, the market is classified into aneroid BP monitors, digital BP monitors, blood pressure instrument accessories, and ambulatory BP monitors.
Prominent players have adopted product development including product launches and approvals, as their key developmental strategy to expand their product portfolio. Moreover, reimbursement policies for blood pressure monitoring devices have fueled the demand for these products. For instance, Medicare offers reimbursement for ambulatory blood pressure monitoring (ABPM) devices used for a patient receiving blood dialysis at home or suffering from white coat hypertension. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA).
The major companies profiled in the report include A&D Company, Limited, Contec Medical Systems Co., Ltd., General Electric Company, Halma plc, Hill-Rom Holdings, Inc., Koninklijke Philips N.V., Masimo Corporation, Nihon Kohden Corporation, Omron Corporation, and Smiths Group Plc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the blood pressure monitoring devices market analysis from 2020 to 2030 to identify the prevailing blood pressure monitoring devices market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the blood pressure monitoring devices market segmentation assists to determine the prevailing market blood pressure monitoring devices market opportunity.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global blood pressure monitoring devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
Aneroid BP Monitors
Digital BP Monitors
Blood Pressure Instrument Accessories
Ambulatory BP Monitors
By End User
Hospitals
Home Health Care
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Spain
Rest of Europe
Germany
France
U.K.
Italy
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
A & D Company, Limited
CONTEC MEDICAL SYSTEMS CO., LTD.
GE HEALTHCARE (A HEALTHCARE DIVISION OF GE COMPANY)
HAlmA plc.
HILL-ROM HOLDINGS, INC.
Koninklijke Philips N.V.
MASIMO CORPORATION
NIHON KOHDEN CORPORATION
OMRON CORPORATION
Smith & Nephew Plc.
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