Blood Pressure Monitoring Devices Market Size and Market Growth:
Blood Pressure Monitoring Devices Market was worth 3880.9 billion in 2019 and estimated to be growing at a CAGR of 7.27% to reach USD 5512.6 billion by 2024.
Blood Pressure Monitoring Devices Market Overview:
Blood Pressure Monitoring Devices Market is expected to witness rapid growth during the forecast period. In the next few years the demand for blood pressure monitoring devices is expected to increase significantly in the emerging economies. Hypertension, also known as high blood pressure, is a long-term medical condition, wherein blood pressure in the arteries is persistently elevated. It is a chronic condition and a leading cause of death and responsible for cardiovascular diseases and heart attacks globally. Blood Pressure Monitoring devices are those which automatically obtain and usually record the blood pressure at certain intervals, using the direct or indirect method of determining pressure. Hence, is user friendly and can be used at home easily.
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Blood Pressure Monitoring Market Drivers and Restraints:
Rising prevalence of heart disorders, increasing obese population, growing geriatric population and new product launches are the key factors that majorly cause the blood pressure monitoring devices market to grow. Advanced handheld and automated blood pressure monitors offer features such as safety, efficacy, and portability, thereby boosting market growth. Furthermore, technological advancement such as mobile-based BP monitoring systems is anticipated to drive the industry growth.
Report segmented as
By Type:
• Automated BP Monitors
• Ambulatory BP Monitors
• Sphygmomanometers
• BP Transducers
• BP instruments accessories
Blood Pressure Monitoring Devices Market Geographical Analysis:
Geographically the market is categorized into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America dominates the overall industry followed by Europe. Factors such as increasing prevalence of chronic and acute diseases such as hypertension and cardiac diseases, technological advancements, acceptability of the non-invasive pressure monitors among the patients, and existence of key market players in North America are driving the growth of this market. Asia-Pacific, on the other hand, is expected to grow at a rapid pace over the forecast period. Increasing investment by government, growing awareness levels and rising incidences of hypertension and number of undiagnosed of high BP are key factors attributing to this regional market growth.
Blood Pressure Monitoring Devices Market KeyPlayers:
Some of the major companies dominating the market, by their products and services include GE Healthcare, Welch Allyn, Inc., 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.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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