Blood Pressure Monitoring Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysi
Blood Pressure Monitoring Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Global Blood Pressure Monitoring Devices Market: By Product Type (Sphygmomanometer, Ambulatory Blood Pressure Monitors, Automated Blood Pressure Monitors, Blood Pressure Transducers), By Technology (Manually Operated Blood Pressure Monitoring Devices, Digital Blood Pressure Monitoring Devices), By Modality (Portable Blood Pressure Monitoring Devices , Standalone Blood Pressure Monitoring Devices), By End-User (Hospitals and Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Homecare Settings), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Market Outline: Blood Pressure Monitoring Devices Market
Blood pressure monitoring devices are the medical devices used to monitor the patient’s blood pressure. These devices comprise of measuring unit, an inflatable cuff, and a technique for inflation that might be either electronically operated pump or manually operated valve and bulb. Both manual and digital blood pressure monitors are used presently with more preciseness and convenience. Normal blood pressure of an active person is 120/80 and blood pressure is monitored in hypertension and hypotension. Sphygmomanometer is the most commonly used device to monitor the blood pressure.
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Market Dynamics: Blood Pressure Monitoring Devices Market
Increase in the prevalence of hypertension and other cardiovascular diseases, changes in lifestyle such as high consumption of alcohol and food, technological advancements in the devices, and increase in obese and geriatric population are anticipated to fuel the blood pressure monitoring devices market over the forecast period. Moreover, increase in healthcare expenditure, increase in government initiations for preventing the hypertension, and rise in demand for portable devices are anticipated to bolster the blood pressure monitoring devices market. However, high cost of technologically advanced devices, stringent regulations for product approval, and product recalls are expected to hamper the growth of blood pressure monitoring devices.
Market Scope: Blood Pressure Monitoring Devices Market
Blood pressure monitoring devices market is segmented on the basis of product type, technology, modality, end-user, and region
Based on product type, the market is segmented into the following:
• Sphygmomanometer
• Ambulatory Blood Pressure Monitors
• Automated Blood Pressure Monitors
• Blood Pressure Transducers
Based on technology, the market is segmented into the following:
• Manually Operated Blood Pressure Monitoring Devices
• Digital Blood Pressure Monitoring Devices
Based on modality, the market is segmented into the following:
• Portable Blood Pressure Monitoring Devices
• Standalone Blood Pressure Monitoring Devices
Based on end-user, the market is segmented into the following:
• Hospitals and Clinics
• Diagnostic Centers
• Ambulatory Surgical Centers
• Homecare Settings
Based on region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Market Summary: Blood Pressure Monitoring Devices Market
Major factors driving the global blood pressure monitoring devices market is change is lifestyle. According to the World Heart Federation, approximately 330 Mn people in developed countries and nearly 640 Mn individuals in developing countries are suffering from hypertension. Moreover, market players are focusing on the development of technologically advanced devices. For instance, in May 2017, iHealth launched voice-supported smart blood pressure monitor device. Furthermore, acquisitions and mergers between the market players is the key strategy adopted by market players for garnering larger market revenue share. For instance, in August 2017, Halma acquired Cardios to strengthen blood pressure monitoring devices portfolio in Brazil.
Regional Analysis: Blood Pressure Monitoring Devices Market
Geographically, global blood pressure monitoring devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America blood pressure monitoring devices market is driven by innovation of technologically advanced devices, rise in demand for homecare blood pressure monitoring devices, and increase in incidence of hypertension and other cardiovascular diseases. Europe blood pressure monitoring devices market has a notable share owing to well-developed healthcare infrastructure, increase in prevalence of hypertension due to change in lifestyle, and high adoption of technologically advanced devices. Asia Pacific blood pressure monitoring devices market expected to exhibit significant growth rate owing to large patient pool coupled with increase in geriatric population, increase in prevalence of chronic diseases such as diabetes. Latin America blood pressure monitoring devices market is driven by expansion of business by market players, economic growth, and rise in awareness about digital blood pressure monitoring devices. Middle East and Africa blood pressure monitoring devices marketis expected to account for significant share owing to adoption of newer devices, increase in prevalence of hypertension, and rise in healthcare expenditure in the region.
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Competition Assessment: Blood Pressure Monitoring Devices Market
Some of the players in the global blood pressure monitoring devices market include:
• GE Healthcare (U.K.)
• Koninklijke Philips N.V. (Netherlands)
• Dragerwerk AG & Co. KGaA (Germany)
• Medtronic plc (U.K.)
• Welch Allyn, Inc. (U.S.)
• Halma plc (U.K.)
• iHealth Labs Inc. (U.S.)
• Omron Healthcare Europe B.V. (Netherlands)
• Smith Medical (U.S.)
• Gurin Products, LLC
Notable Market Developments: Blood Pressure Monitoring Devices Market
• In January 2017, Omron Healthcare launched Evolv- a wireless, portable upper arm blood pressure monitor device
Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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