Blood Pressure Monitors Market Size, and Overview Analysis:
The world’s most demanding manufacturers of sphygmomanometers and accessories are committed to researching and developing better products and strengthening their distribution networks to increase their sales. This has led to technological advances in the design and use of the diagnostic equipment, which catalyzes the growth of the market. In addition, the increase in hypertension and the initiatives of governments and independent authorities to raise awareness of it, also benefit the market for blood pressure monitoring equipment and accessories. A market barrier, on the other hand, is the inaccuracy of readings due to obesity or a pre-existing cardiovascular disorder.
The Blood Pressure Monitors Market size is expected to grow to a stable CAGR of 7.0% from 2017 to 2025, and to value at USD 3.18 million in 2025 from USD 1.75 million in 2016.
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Blood Pressure Monitors Market – Drivers and Restraints:
Automatic blood pressure controls the maximum revenue collected in 2016 due to the growing demand for technologically advanced blood pressure monitors. The growing demand for low volume devices is also having a positive impact on the segment. Automated sphygmomanometers are also expected to lead the market in the forecast period due to the increasing popularity and acquisition of self-service diagnostic tools.
Blood pressure monitors are rapidly being sold because of their affordability and measurement accuracy. It is expected that the use of these equipment will increase in a healthy range on the back of delivery of high voltage articles of the aneroid sphygmomanometers, along with the increasing digitization in the readings of blood pressure monitors. This should stimulate the growth of global blood pressure monitors and the aftermarket.
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Blood Pressure Monitors Market – Regional and Geographical Insights:
From a geographic perspective, North America has the highest market share due to the rapid increase in the incidence of high blood pressure and increasing preference for digital arterial pressure monitoring devices from a technological point of view. With a CAGR increase of 7.2%, the region’s market is expected to reach 103 million USD in 2025. Europe is another important region in the world market for blood pressure equipment and devices due to a strict health policy and diagnostic and treatment options in industrialized countries. The region is expected to grow at a CAGR of 6.6% over the forecast period, with sales of approximately $ 710 million in 2025.
In terms of growth rate, the Asia-Pacific region is expected to outperform all other regions with a CAGR of 7.3% till 2025. The growth of the region is mainly based on the presence of players in the market in China, Japan and India, which have well-established distribution channels. In addition, the switch to retirement benefits the market in the region.
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Blood Pressure Monitors Market – Major Key Manufacturers Analysis:
- Spacelabs Healthcare
- Omron Healthcare, Inc. (OMRON Corporation)
- GE Healthcare
- Koninklijke Philips N.V.
- Schiller AG
- American Diagnostic Corporation
- SPENGLER
- Bosch + Sohn GmbH
- Withings SA
- SunTech Medical, Inc. (Halma plc)
- Welch Allyn, Inc. (Hill-Rom)
- A & D Medical
- 10+ key players.
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