The ‘Global Blood Pressure Monitors Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the global blood pressure monitors market, assessing the market based on its segments like product, end-use, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 1.67 billion
• Forecast CAGR (2023-2028): 7.1%
• Forecast Market Size (2028): USD 2.58 billion
Blood pressure monitor sales in North America have increased significantly as a result of rising prevalence of high blood pressure and hypertension among the populace, as well as modifications in dietary and lifestyle choices. Due to the high prevalence of hypertension among people, ranging from children to older generations, as well as the uncontrolled rate of high blood pressure, the United States has seen significant demand for blood pressure monitors, which is fostering the growth of the blood pressure monitors market in the nation. Additionally, the North America’s market for blood pressure monitors is being driven by a strong healthcare infrastructure and rising investments in the creation of accurate, easy to use, and reliable BP monitors.
In the Asia Pacific, the market for blood pressure monitors is expected to expand significantly due to growing awareness and the high prevalence of hypertension in the region.
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Blood Pressure Monitors Market Segmentation
A blood pressure monitor is a tool with an inflatable cuff, an air pressure sensor, and a pump that is used to accurately measure a person’s blood pressure. It helps with blood pressure management and can be used at home as well to avoid health issues associated with hypertension. It is simple to use and lowers healthcare costs.
Based on the product the market is divided into:
• Automated BP Monitors
• Ambulatory BP Monitors
On the basis of end-use, the market is segmented into:
• Hospitals and Clinics
• Home Healthcare
Based on region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Blood Pressure Monitors Market Trends
In the coming years, it’s expected that the prevalence of chronic diseases would increase along with the number of people who are getting older. Over the next few years, the desire for proactive monitoring and rising healthcare spending in both developed and developing nations are expected to drive the expansion of the blood pressure monitors market.
The market for blood pressure monitors has seen a significant increase in demand for sphygmomanometers as a result of technological improvements and new product introductions. Additionally, during the course of the forecast period, sphygmomanometer demand in the blood pressure monitors market as a whole is projected to be driven by favourable attributes including accuracy, design, quality, cuff size, ease of use, portability, and affordability.
Key Market Players
The major players in the global blood pressure monitors market are Hill-Rom Holdings, Inc., OMRON Corporation, Masimo Corporation, Nihon Kohden Corporation, and Beurer GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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