Blood Pressure Monitoring Devices Market
Global Blood Pressure Monitoring Devices Market Research By Device type (Mercury Sphygmomanometer, Aneroid Sphygmomanometers, Digital Devices, and Instruments & Accessories), By Accessory type (Blood Pressure Cuffs, Manometers, Valves And Bladders, Others), By End-User (Hospital, Homecare, and Ambulatory Surgical Center) Forecast, 2021-2027 Update Available - Forecast 2024-2030
The global blood pressure monitoring devices market is growing at a considerable CAGR of around 11.2% during the forecast period. The increasing demand for BP(blood pressure) monitors owing to the rising geriatric population and prevalence of chronic diseases across the globe. Obesity among people due to consumption of alcohol, unhealthy food, and excessive salt intake leads to high blood pressure problems, which further boosts the market growth. The increasing prevalence of hypertension has led to rising demand for rapid, accurate diagnostic solutions, and cost-effective. The cost-effective and accurate results offered by these indicators are one of the key factors responsible for market growth.
The major restraint of the market growth includes a lack of awareness towards the device and insufficient healthcare infrastructure in emerging economies. The decreasing average selling price for retailers and manufacturers may challenge the growth of the market in the forecast period. Moreover, The global targets set to reduce the prevalence of hypertension by 25% by 2025 are estimated to be one of the best opportunities for the market players as they may get benefit from the government initiatives to meet the targets. The increase in healthcare expenditures and technological advancements are also accounted as a market opportunity and are estimated to fuel the market growth in the forecast period. For instance, in December 2018, Omron Healthcare’s received the US FDA for its wearable blood pressure monitor” HeartGuide” that uses the oscillometric cuff method.
Impact of COVID-19 on the Blood Pressure Monitoring Devices Market
The global blood pressure monitoring device market is propelled by the COVID-19 pandemic since December 2019. The demand for the blood pressure monitoring device is increasing in the COVID-19 due to the increasing self-care awareness among the people, rising demand for blood pressure monitors in-home care as well considerably in hospitals mainly during a short period of six to eight months. The demand for in-home health management witnessed significant growth due to the spread of COVID-19. For instance, according to Omron, its home healthcare business segment perceived an increased mandate for blood pressure monitoring devices during the COVID-19.
Segmental Outlook
The market is segmented based on device type, accessory type, and end-user. Based on device type, the market is segmented into mercury sphygmomanometer, aneroid sphygmomanometers, digital devices and instruments & accessories. Based on accessory type, the market is segmented into blood pressure cuffs, manometers, valves and bladders, among others. On the basis of end-user, the market is segmented into hospital, homecare, and ambulatory surgical centre.
Global Blood Pressure Monitoring Devices Market Share by Device type, 2020 (%)
The aneroid sphygmomanometers segment projected to dominate the Blood Pressure Monitoring Devices Market
Based on the device type, The aneroid sphygmomanometers segment holds a significant market share in the global blood pressure monitoring devices market. The market growth is driven by innovations in technologies, and the affordability of aneroid monitors. The Physicians are recommending the use of home monitoring of blood pressure for patients with severe hypertension. the apparatus is compact and convenient which makes it easy to use for patients at home. The cost-efficiency of this alternative option for blood pressure monitoring, along with the availability of smart wearables that provides flexibility, is expected to support the segment growth. However, aneroid sphygmomanometers have been seen to be less accurate as compared to mercury sphygmomanometers. The Aneroid sphygmomanometers kits providers include Omron Healthcare, Inc., American Diagnostic Corp., Rossmax International Ltd., Hill-Rom Holdings, Inc., and Withings.
Regional Outlooks
The blood pressure monitoring devices market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global market. Some factors that are boosting the market growth in North America are the increasing prevalence of cardiovascular disease, and the increasing geriatric population. Developed healthcare infrastructure and increasing investments by manufacturers are some of the major factors that are estimated to fuel the market growth of blood pressure monitoring devices in the forecast period. Additionally, the government initiative in the region also contributing to the growth of the market. For instance, In February 2019, The Integrated Health Model Initiative (IHMI) an activity sponsored by the American Medical Association (AMA) propelled a data management model for providing opportunities to improve health products.
Global Blood Pressure Monitoring Devices Market, by Region 2021-2027
Asia-Pacific will Have Considerable Growth in the Global Blood Pressure Monitoring Devices Market
The Asia-Pacific region is expected to witness significant growth opportunities for the market. The increasing prevalence of cardiovascular disease drives the growth of the market in the region. Additionally, the increasing investments by the government and key players boost the market growth in the region, improving healthcare facilities rapidly growing target disease population base contributing to the growth of the Blood Pressure Monitoring Devices market in the region.
Market Player Outlook
Key players of the global blood pressure monitoring device market include Hill-Rom Holdings, Inc., American Diagnostic Corporation, Boehringer Ingelheim International GmbH, Koninklijke Philips N.V., General Electric Co., Smiths Group plc, and Omron Healthcare, Inc. To survive in the market, these players adopt different marketing strategies such as a merger, acquisitions, product launches, and geographical expansion so on. For instance, in February 2021, Hill-Rom Holdings, Inc., announced the acquisition of contact-free continuous monitoring technology from EarlySense. The acquisition was $30 million.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blood pressure monitoring devices market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Blood Pressure Monitoring Devices Industry
• Recovery Scenario of Global Blood Pressure Monitoring Devices Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Blood Pressure Monitoring by Device Type
5.1.1. Mercury Sphygmomanometer
5.1.2. Aneroid Sphygmomanometers
5.1.3. Digital Devices
5.1.4. Instruments and Accessories
5.2. Global Blood Pressure Monitoring Devices by Accessory Type
5.2.1. Blood Pressure Cuffs
5.2.2. Manometers
5.2.3. Valves and Bladders
5.2.4. Others
5.3. Global Blood Pressure Monitoring by End User
5.3.1. Hospital
5.3.2. Homecare
5.3.3. Ambulatory Surgical Center
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. American Diagnostic Corp.
7.2. Bosch + Sohn Gmbh U. Co. Kg
7.3. Briggs Healthcare, Inc.
7.4. Contec Medical Systems Co., Ltd
7.5. General Electric Co.
7.6. Hicks Thermometers India Ltd.
7.7. Hill-Rom Services, Inc.
7.8. Koninklijke Philips N.V
7.9. Masimo Corp.
7.10. Microlife AG
7.11. Mindray Medical International Ltd.
7.12. Medtronic PLC
7.13. Nihon Kohden Corp.
7.14. Nonin Medical Inc.
7.15. Omron Healthcare, Inc.
7.16. Philips Healthcare Informatics, Inc.
7.17. Rossmax International Ltd.
7.18. Schiller Ag
7.19. Spacelabs Healthcare, Inc.
7.20. Suntech Medical, Inc.
7.21. Withings SAS
1. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS, 2020-2027 ($ MILLION)
2. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET BY DEVICE TYPE, 2020-2027 ($ MILLION)
3. GLOBAL MERCURY SPHYGMOMANOMETER MARKET BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL ANDROID SPHYGMOMANOMETERS MARKET BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL DIGITAL DEVICES MARKET BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL INSTRUMENTS & ACCESSORIES MARKET BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET BY ACCESSORY TYPE, 2020-2027 ($ MILLION)
8. GLOBAL BLOOD PRESSURE CUFFS MARKET BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL MANOMETERS MARKET BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL VALVES AND BLADDERS MARKET BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL BLOOD PRESSURE MONITORING DEVICES FOR OTHERS MARKET BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET BY END-USER, 2020-2027 ($ MILLION)
13. GLOBAL BLOOD PRESSURE MONITORING DEVICES IN HOSPITAL MARKET BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL BLOOD PRESSURE MONITORING DEVICES IN HOMECARE MARKET BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL BLOOD PRESSURE MONITORING DEVICES INAMBULATORY SURGICAL CENTER MARKET BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
17. NORTH AMERICAN BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DEVISES TYPE, 2020-2027 ($ MILLION)
18. NORTH AMERICAN BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ACCESSORY TYPE, 2020-2027 ($ MILLION)
19. NORTH AMERICAN BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
20. NORTH AMERICAN BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. EUROPEAN BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DEVISES TYPE, 2020-2027 ($ MILLION)
22. EUROPEAN BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ACCESSORY TYPE, 2020-2027 ($ MILLION)
23. EUROPEAN BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DEVISES TYPE, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ACCESSORY TYPE, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
27. REST OF THE WORLD BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DEVISES TYPE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ACCESSORY TYPE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD BLOOD PRESSURE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET, 2021-2027 (%)
4. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET SHARE BY DEVICE TYPE, 2020 VS 2027 (%)
5. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET SHARE BY ACCESSORY TYPE, 2020 VS 2027 (%)
6. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET SHARE BY END-USER INDUSTRY, 2020 VS 2027 (%)
7. GLOBAL BLOOD PRESSURE MONITORING DEVICES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027, (%)
8. GLOBAL MERCURY SPHYGMOMANOMETER MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL ANDROID SPHYGMOMANOMETERS MARKET BY REGION, 2020 VS 2027 (%)
10. GLOBAL DIGITAL DEVICES MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL INSTRUMENTS & ACCESSORIES MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL BLOOD PRESSURE CUFFS MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL MANOMETERS MARKET BY REGION, 2020 VS 2027 (%)
14. GLOBAL VALVES AND BLADDERS MARKET BY REGION, 2020 VS 2027 (%)
15. GLOBAL OTHERS BLOOD PRESSURE MONITORING DEVICES MARKET BY REGION, 2020 VS 2027 (%)
16. GLOBALBLOOD PRESSURE MONITORING DEVICES IN HOSPITAL MARKET BY REGION, 2020 VS 2027 (%)
17. GLOBAL BLOOD PRESSURE MONITORING DEVICES IN HOMECARE MARKET BY REGION, 2020 VS 2027 (%)
18. GLOBAL BLOOD PRESSURE MONITORING DEVICES IN AMBULATORY SURGICAL CENTER MARKET BY REGION, 2020 VS 2027 (%)
19. GLOBAL BLOOD PRESSURE MONITORING DEVICES OTHER MARKET BY REGION, 2020 VS 2027 (%)
20. US BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
21. CANADA MARKET BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
22. UK BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
23. GERMANY BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
24. SPAIN BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
25. FRANCE BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
26. ITALY BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF EUROPE BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
28. INDIA BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
29. CHINA BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
30. JAPAN BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
31. SOUTH KOREA BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF ASIA-PACIFIC BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
33. REST OF WORLD BLOOD PRESSURE MONITORING DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
