Blood Pressure Monitors Market is projected to grow from USD 1.68 billion in 2021 to USD 3.21 billion in 2028 at a CAGR of 9.8% in the 2021-2028 period. The sudden fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over. Report segments Blood Pressure Monitors Market By Product (Sphygmomanometer, Digital BP Monitors, and Ambulatory BP Monitors); By End-User (Hospitals & Clinics, Home Healthcare, and Others), and Regional Forecast, 2021-2028.
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Some of the prominent manufacturers that are present in the Blood Pressure Monitors market include:
Omron Healthcare, Inc. (Kyoto, Japan), Hill-Rom Holdings, Inc. (Indiana, United States), Nihon Kohden Corporation (Tokyo, Japan), Koninklijke Philips N.V. (Amsterdam, Netherlands), Masimo (Irvine, California), Beurer GmbH (Ulm, Germany), GE Healthcare (General Electric Company) (Chicago, United States), American Diagnostic Corporation (Sweden, Europe), SunTech Medical, Inc. (Morrisville, United States) and others.
Global Blood Pressure Monitors Market Insights:
Increasing Awareness of Effective Management of Hypertension to Bolster Growth
The increasing prevalence of chronic ailments, especially hypertension worldwide is set to propel the blood pressure monitoring market growth in the near future. As per a report by Pan American Health Organization, more than 30.0% of the adult population in 2020 were suffering from hypertension. Many private healthcare organizations and government bodies of various countries are also conducting awareness programs to educate people about the effective management of hypertension. However, the use of blood pressure monitors in emerging nations is limited compared to developed nations. It may hinder growth.
The global blood pressure monitors market is set to gain traction from the increasing shift of patients from hospital care to home care devices because of the ongoing COVID-19 pandemic. Renowned companies, such as Omron Healthcare, Inc. are persistently striving to launch technologically advanced devices to cater to the huge demand from patients.
The outbreak of the COVID-19 pandemic has had a positive impact on this market. As per Springer Nature Limited, hypertension was the most common comorbidity in 2020 in hospitalized patients infected with coronavirus. Hence, the increasing cases of COVID-19 and the rising emphasis on routine check-ups among the general population would aid the market growth. We are providing in-depth research reports to help you better understand the current scenario of this market amid the pandemic.
The report offers informative insights into all the prevailing trends of the Blood Pressure Monitors market size. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market. Blood Pressure Monitors market report is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a clear picture of the market size. Moreover, it also includes product launches, acquisitions, collaborations and partnerships, and innovations and industry developments.
Market Segments Analysis:
Digital BP Monitors Segment Held 66.6% Share in 2020:Fortune Business Insights™
By product, the industry is trifurcated into sphygmomanometer, ambulatory BP monitors, and digital BP monitors. Out of these, the digital BP monitors segment earned 66.6% in terms of the blood pressure monitoring devices market share in 2020. It is expected to remain at the forefront in the upcoming years because of the high accuracy levels of these devices.
Regional Market Overview:
In North America, the market stood at USD 0.63 billion in 2020. Statistics Canada, for instance, mentioned that approximately 5,570,200 Canadians were living with high blood pressure till 2019. Therefore, the demand for BP monitors is anticipated to increase rapidly in the upcoming years in this region.
On the other hand, Europe is set to showcase significant CAGR in the blood pressure monitors market because of the rising prevalence of hypertension and the surging population. Koninklijke Philips N.V., for instance, joined hands with Rennes University Hospital, France in January 2021, to enhance its product portfolio of monitoring, interventional imaging, and diagnostics of patients.
The Blood Pressure Monitors Market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Key questions answered in the report:
- What will the market growth rate of the Blood Pressure Monitors market?
- What are the key factors motivating the Global Blood Pressure Monitors market?
- Who are the key companies in the Blood Pressure Monitors market space?
- What are the market opportunities, market risk and market overview of the Blood Pressure Monitors market?
- What are sales, revenue, and price analysis of top manufacturers of the Blood Pressure Monitors market?
- Who are the distributors, traders, and dealers of the Blood Pressure Monitors market?
- What are the Blood Pressure Monitors market opportunities and threats faced by the vendors in the Global Blood Pressure Monitors industries?
- What are sales, revenue, and price analysis by types and applications of the Blood Pressure Monitors market?
- What are sales, revenue, and price analysis by regions of Blood Pressure Monitors industries?
Study objectives of this report are:
- To analyze global Blood Pressure Monitors Schemes status, future forecast, growth opportunity, key market, and key players.
- To present the Emission Trading Schemes development in the United States, Europe, and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market, and key regions.
Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1. Prevalence of Key Indications, 2017 (Key Countries)
4.2. Economic (Key Countries)
4.3. Key Mergers and Acquisitions
4.4. Pricing Analysis, Key Players, 2017
4.5. Overview: New Developments in Blood Pressure Monitors
- Global Blood Pressure Monitors Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary
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