According to a report published by Allied Market Research, the blood pressure monitoring devices market garnered $1.98 billion in 2015 and is estimated to reach $2.92 billion by 2022, growing at a CAGR of 5.7% from 2016 to 2022.
The report offers an extensive analysis of the market drivers, restraints, and opportunities, key investment areas, vital segments, market size & projections, and the competitive landscape. These insights are helpful for market players, investors, stakeholders, and new entrants to understand the market and gain a major market share and international presence.
The report offers a complete study on the industry growth drivers, restraints, and opportunities of the global blood pressure monitoring devices market. Increase in geriatric population, technological advancements, rise in prevalence of hypertension, and rise in demand for portable monitoring devices drive the growth of the market. However, lack of awareness in developing countries act as an impediment for the growth of the market. Conversely, increase in healthcare expenditure in emerging economies and proactive monitoring are expected to provide lucrative opportunities for the industry growth.
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The report also provides an in-depth analysis of the segments of the blood pressure monitoring devices market. The industry is segmented based on product type and geography. The product type segment is bifurcated into aneroid BP monitors, digital BP monitors, blood pressure instrument accessories, and ambulatory BP monitors. Geographically, the market analysis is done for the regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is analyzed across the U.S., Canada, and Mexico. In Europe, the market analysis has been done for UK, Germany, France, Spain, Italy, Russia, and the rest of Europe.
The market study in Asia-Pacific covers China, Japan, India, Australia, South Korea, Taiwan, Indonesia, Thailand, and the other parts of Asia-Pacific. The market analysis in LAMEA covers Brazil, Turkey, Venezuela, Saudi Arabia, Republic of South Africa, Colombia, Argentina, and the rest of LAMEA.
The report offers a comprehensive analysis of the leading players operating in the blood pressure monitoring devices market. They 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. They have implemented various strategies such as partnerships, mergers & acquisitions, expansions, collaborations, joint ventures, and others to gain a leadership status in the industry.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides a one-stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies the client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to aid the clients to turn into a prominent business firm.
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