Overview:-
One of the major concerns about health among the society is High Blood Pressure (HBD), also known as hypertension. HBD is a serious medical condition that lasts long throughout an individual’s life. HBD affects blood pressure in the arteries that may cause serious health complications such as heart failure, stroke, atrial fibrillation, coronary artery disease, vision loss, and other problems.
Pressure monitoring devices play an important role in effectively measuring and monitoring different kinds of pressure including intraocular pressure, pulmonary pressure, and blood pressure. These devices are available in several sizes and types according to the requirements. The user friendliness of these devices is increasing their adoption across the world.
Market Drivers:-
The major factor that is responsible to boost growth of the global pressure monitoring devices market is increasing demand for smart and compact devices for estimating pressure. Increasing prevalence of hypertension is expected to propel growth of the pressure monitoring devices market over the forecast period. A report by World Health Organization (WHO) in 2008 noted that around 9.4 million deaths worldwide are caused due to hypertension every year. For instance, in 2013, American Heart Association reported that around 77.9 million (1 out of every 3) adults in the U.S. have encountered with high blood pressure issue. R&D of new pressure monitoring devices is also expected to aid in growth of the pressure monitoring devices market. For instance, the U.S-based medical device developer, Blumio, developed a blood pressure monitoring device that enables users to monitor and track blood pressure throughout the day. The device consists of a wearable blood sensor that is user friendly to operate. Moreover, disease monitoring and fitness awareness is increasing among the patients across the world, which in turn aid in growth of the global pressure monitoring device market over the forecast period.
Market Restraints:-
Although there are a lot of advantages of pressure monitoring devices, however their application also possesses certain limitations. Sometimes, the device doesn’t show the accurate results and might fluctuate the values in monitoring medical parameters. For instance, Oakland University in 2016, published a survey article that reported, around 22.6% of 126 aneroid blood pressure monitoring devices had calibration error for the clinical applications. Thus, inaccuracy of devices is expected to hinder growth of the pressure monitoring devices market.
Regional Analysis:-
The global pressure monitoring devices market is segmented on the basis of region into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. The dominant position in market in terms of revenue is owned by North America. The majority of key players in North America especially in the U.S. adopted technologically advanced devices that led to market growth.
The market in Asia Pacific also reached a significant pinnacle, owing to a massive pool of vulnerable population to various chronic diseases. Asia Pacific has wide availability of innovative products with marginal low costs that offers better solutions to the patients. For instance, an Israel-based company CotinUse Biometrics Ltd. measures blood pressure, lung activity, respiration, and muscle activity simultaneously by using laser nanotechnology.
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Key Players:-
Major players operating in the global pressure monitoring devices market are Welch Allyn, Spacelabs Healthcare, CITIZEN SYSTERMS JAPAN, Smiths Groups Plc., Beurer, Criticare Technologies, Opto Circuits, Nihon Kohden, Geratherm Haiying Medical, Hingmed, CAS Medical Systerms, Koninklijke Philips N.N., General Electric Company, Microlife Corporation, Medical, Vasomedical, Rossmax International, Omron, A&D Company, Gaeltec Devices, Halma plc, Hill-Rom Holdings, Inc., Rudolf Riester, ERKA, Shenzhen Mindray Bio-Medical Electronics, Truly Healthcare, Schiller, and Norditalia.
Key Developments:-
The major players in the market are occupied with innovating new technologies to sustain their dominant position in the market. For instance, AIFB technology was introduced by Microlife Corporation inside its BP monitors that allow patients to screen Atrial Fibrillation (AF) during the blood pressure measurement process.
Reasons to Purchase this Report
• Current and future of global Pressure Monitoring Devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
Global Pressure Monitoring Devices Market Research Report
Section 1: Global Pressure Monitoring Devices Industry Overview
Section 2: Global Economic Impact on Pressure Monitoring Devices Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Pressure Monitoring Devices Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
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