Digital Sphygmomanometer Market By Type (Arm Type, Wrist Type), By End User (Hospitals and clinics, Home care settings, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The digital sphygmomanometer market size was valued for $942.55 million in 2021 and is estimated to reach $1,560.50 million by 2031, exhibiting a CAGR of 5.2% from 2022 to 2031. A digital sphygmomanometer or blood pressure (BP) monitor is a device that measures blood pressure, particularly in arteries and displays digital reading. Blood pressure is one of the main risk factors for chronic heart diseases, which are the leading cause of death around the world.
This has led to importance of blood pressure monitoring devices in home care settings and demand of advanced technologies. It is composed of an inflatable rubber cuff, which is wrapped around the arm, a measuring device indicates the cuff's pressure, bulb inflates the cuff and a valve which releases pressure. It is also known as arm type digital sphygmomanometer. The wrist type digital sphygmomanometers measure the vibration of blood flowing through the arteries in the wrist.
The blood pressure is primarily monitored at home or outside a hospital, clinic, or office setting. The measuring devices are usually of three types: mercury sphygmomanometers, an aneroid sphygmomanometer and electronic/digital sphygmomanometer, The digital sphygmomanometers are being adopted and preferred owing to toxicity issues of mercury sphygmomanometers and noise & error issues of aneroid sphygmomanometer. An oscillometric measuring method is used by a digital or electronic sphygmomanometer. It is simple to use, battery-powered, automated, and devoid of mercury.
The driving factors for digital sphygmomanometer market are rise in prevalence of blood – related disorders such as hypertension, increase in innovations in digital sphygmomanometer devices and rise in adoption of digital sphygmomanometers instead of traditional mercury base sphygmomanometers. Hypertension or high blood pressure is major cause of death worldwide and rise in prevalence of high blood pressure cases, results in demand of blood pressure monitoring devices.
For instance, according to article published in World Heart Federation 2021, stated that, nearly 1.3 billion people suffer from hypertension worldwide and only 1 in 5 individuals have their blood pressure under control, thus require continuous monitoring.
The digital sphygmomanometers are being used owing to its portable characteristics, patient comfort, battery operated and easy to use, thereby drives the growth of market. Further, new product launches and innovations in digital sphygmomanometer is anticipated to contribute to growth of market during forecast period. For instance, Omron Corporation (Omron Healthcare) officially launches HeartGuide, the first wearable blood pressure monitor, with new digital health service, HeartAdvisor, thus availability of such innovative digital sphygmomanometers is expected to drive the growth of market.
However, high cost of digital sphygmomanometers is projected to restrain the growth of digital sphygmomanometer market. In addition, due to the digital sphygmomanometer's enhanced sensitivity, body movements during blood pressure monitoring may compromise its accuracy, which might restrain the market growth.
The digital sphygmomanometer market is segmented into type, end user and region. By type, the market is categorized into arm devices and wrist devices. On the basis of end user, the market is segregated into hospitals and clinics, home care settings and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major Key players that operate in the global digital sphygmomanometer market are A&D HOLON Holdings Company Limited (A&D Company, Limited), American Diagnostic Corporation, Baxter International Inc. (Hill-Rom Holdings, Inc), Contec Medical Systems Co.,Ltd, Halma plc (Rudolf Riester gmbh), Microlife Corporation, OMRON Corporation (Omron Healthcare, Inc), Panasonic Holdings Corporation, Rossmax International Ltd and Yu Yue Medical.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital sphygmomanometer market analysis from 2021 to 2031 to identify the prevailing digital sphygmomanometer 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 digital sphygmomanometer market segmentation assists to determine the prevailing market opportunities.
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 digital sphygmomanometer market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Arm Type
Wrist Type
By End User
Hospitals and clinics
Home care settings
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Baxter International Inc.
Contec Medical Systems Co.,Ltd
OMRON Corporation
A&D HOLON Holdings Company, Limited
Microlife Corporation
Panasonic Holdings Corporation
Halma plc
Rossmax International Ltd
American Diagnostic Corporation
Yu Yue Medical
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook