Blood Pressure Measure Device Market | Contrive Datum Insights

The Global Blood Pressure Measure Devices Market Was Valued At USD 1.62 Billion In 2021 And Is Expected To Reach Around USD 4.12 Billion By 2030 And Is Expected To Grow At A CAGR Of 10.93% During The Forecast Period 2022 To 2030.

Blood Pressure Measure Device Market Overview:

Blood pressure is measured with a device called a sphygmomanometer or sphygmomanometer. It consists of an inflatable cuff that is wrapped around the arm, roughly level with the heart, and a monitoring device that measures the pressure in the cuff. The monitor measures two types of pressure: systolic and diastolic. Blood pressure monitoring devices are used to assess high blood pressure in a patient. Blood pressure is one of the main risk factors for chronic heart disease and stroke, which are the leading causes of death worldwide. This is due to the surge in importance of blood pressure monitoring devices in home care settings and the advent of advanced technologies. Furthermore, the major drivers of the blood pressure monitoring market are increasing aging population, changing lifestyles, and emergence of advanced technologies. The demand for blood pressure monitoring devices is expected to increase in the coming years as they facilitate early diagnosis of deteriorating health conditions of patients. Moreover, advanced blood pressure monitoring devices are designed for personal use and help to track the health status of patients remotely.

Blood Pressure Measure Device market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Blood Pressure Measure Device market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In May 2021, Biobeat announced the launch of its new wearable continuous ambulatory blood pressure monitoring (ABPM) chest monitoring device.
• In January 2020, SunTech Medical Inc. announced a collaboration agreement to develop new blood pressure measurement solutions that may improve patient safety.

Major Market Segments Covered in Blood Pressure Measure Device Industry Research:

Market Key Players:
Geratherm, TaiDoc Technology, Lanaform, Bosch + Sohn, Visiomed, Riester, Hannox, CA-MI, ERKA, BIOSAM Biomedical Instrument, Isansys Lifecare, Abbott, Promed Group, Omron, Troge Medical, Suzuken Company, Withings, Beurer, Eocene Systems, And Others.

By Type:

• Wrist Measurement, Arm Measurement,

By Application:

• Hospitals, Clinics, Physical Examination Centers, Home Care, Others

By Region:

North America holds the largest revenue share of over 48.5% in 2021 owing to its highly regulated and well-developed healthcare infrastructure. Increasing investments in the development of accurate and effective blood pressure monitors is the key factor expected to boost the growth of the blood pressure monitoring devices industry in the coming years. Moreover, the launch of new products along with technological advancements are expected to further drive the market growth. For example, in February 2020, Hillrom announced the commercial launch of a new device, the Welch Allyn Spot Vital Signs 4400, an easy-to-use, next-generation vital signs device for improved hypertension detection in outpatient and emergency room settings.

On the other hand, Asia Pacific is expected to grow faster than the forecast due to the presence of untapped opportunities, increasing investments by manufacturers, rising awareness levels, and rising incidence of hypertension. Rapidly improving healthcare facilities and increasing cases of undiagnosed and untreated hypertension are key factors for market growth in this region. Supportive government initiatives to increase awareness and rapidly growing population base of the target disease are further contributing to the lucrative growth of the BP monitoring devices market in the region. For instance, in May 2018, the Indian Council of Medical Research (ICMR) in partnership with the Public Health Foundation of India launched the 'Measurement Month May 2018' campaign to spread awareness about blood pressure, a leading cause of death and death . incidence in India.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Drivers

Globally, the prevalence of chronic diseases, including hypertension, is increasing rapidly. For example, according to a report by the Pan American Health Organization, in 2020, more than 30.0% of the global adult population is affected by high blood pressure. In addition, governments of various countries as well as private healthcare organizations are increasing awareness about the effective management of hypertension. This has led to an increase in self-diagnostic processes and routine checkups among common people, thereby leading to rising demand for such monitors. To address this unmet need, key players in this market are launching different devices with advanced features such as data transfer via Bluetooth.

Restraints

In many developing countries, the use of these monitors is very limited. In addition to this, the high price of these devices also limits the adoption of new and advanced devices in these countries.

For example, the device retails for anywhere from $40 to $60 depending on the type of device, according to the Cleveland Clinic. While new players are entering the market with low-cost devices, people in low-income countries appear to be paying higher average retail prices.

Blood Pressure Measure Device Market report scope:

Crucial Points from this Blood Pressure Measure Device Report

• Estimate Blood Pressure Measure Device market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Blood Pressure Measure Device market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Blood Pressure Measure Device market?

The Blood Pressure Measure Device Market is growing at a CAGR of 10.93% During Forecast Period.

 What are the key types of Blood Pressure Measure Device market?

Wrist Measurement, Arm Measurement,

What are the key applications of Blood Pressure Measure Device market?

Hospitals, Clinics, Physical Examination Centers, Home Care, Others         

Who are the key players in Blood Pressure Measure Device market?

Geratherm, TaiDoc Technology, Lanaform, Bosch + Sohn, Visiomed, Riester, Hannox, CA-MI, ERKA, BIOSAM Biomedical Instrument, Isansys Lifecare, Abbott, Promed Group, Omron, Troge Medical, Suzuken Company, Withings, Beurer, Eocene Systems, And others.