Global Blood Pressure Monitoring Devices Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global blood pressure monitoring devices market accounted 4160.3 million USD in 2020 and is expected to reach 8338.3 million USD by 2030 with a CAGR of 7.20% approximately during the forecast period.Blood pressure monitoring is essential these days to identify a person’s physiological conditions. It is one of the most conducted diagnostic tests to measure the blood volume, the resistance of arteries and the pumping efficiency of the heart. Due to a rise in the prevalence cases of increasing hypertension and cardiovascular disorders has resulted in the growth of the blood pressure monitoring devices market. According to the World Health Organization (WHO) report in 2019, around 1.15 billion world population across the globe have hypertension, which is one of the major causes of premature death worldwide. The world population has mostly geriatric people who are under the risk of different blood-related disorders and there is a rise in the incidence of obesity and other health-related diseases, which has resulted in the growth of the blood pressure monitoring devices.
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Market Dynamics and Factors:
The government has taken different initiatives in the past such as public blood monitoring programs to create awareness among the people has resulted in the growth of the blood pressure market. Growing preference towards in house medical tests and monitoring the physical conditions are driving the market growth. Moreover, government initiatives are required to focus on the healthcare industry to make such a point of use devices that can be made available. Owing to the increase in technological advancements like the introduction of wearable devices and various applications to track the health measures will boost blood pressure monitoring devices market growth. Moreover, a lack of awareness about blood-related disorders and the presence of advanced technological devices may be a change in the growth of the blood pressure monitoring devices market.
Market Segmentation:
Global Blood Pressure Monitoring Devices Market – By Product
Sphygmomanometers
Digital BP Monitor
Ambulatory BP Monitors
Global Blood Pressure Monitoring Devices Market – By End-User
Hospitals
Ambulatory Surgery Centers & Clinics
Home Healthcare
Others
Global Blood Pressure Monitoring Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
In 2018, North America dominated the global blood pressure monitoring devices market in terms of revenue share. Key factors attributing to its large share include the presence of advanced healthcare infrastructure and the increasing prevalence of lifestyle-associated diseases with a high risk of hypertension. Asia-Pacific is expected to demonstrate rapid growth during the forecast period. Key factors attributing to its rapid growth include favorable government initiatives such as the government of India's campaign "Make In India" which is intended to attract FDI and international players to invest in the Indian market. In addition, rapidly improving healthcare facilities are anticipated to market growth. The home healthcare segment is expected to witness lucrative growth owing to the government initiatives to promote home healthcare.
Competitive Scenario:
The major players in blood pressure monitoring devices market are SunTech Medical, Inc., American Diagnostics Corporation, Omron Healthcare Welch Allyn, Inc., A&D Medical Inc., Withings, GE Healthcare, Kaz Inc., Microlife AG, Rossmax International Ltd., GF Health Products Inc., Spacelabs Healthcare Inc., Briggs Healthcare, and Philips Healthcare.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Blood Pressure Monitoring Devices industry, although key threats, opportunities and disruptive technologies that could shape the Global Blood Pressure Monitoring Devices Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Blood Pressure Monitoring Devices Market most.
The data analysis present in the Global Blood Pressure Monitoring Devices Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Blood Pressure Monitoring Devices Market business.
The 2021 Annual Global Blood Pressure Monitoring Devices Market offers:
100+ charts exploring and analysing the Global Blood Pressure Monitoring Devices Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Blood Pressure Monitoring Devices Market type
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