Global Blood Pressure Monitoring Devices Market Research and Forecast 2022-2028

Global Blood Pressure Monitoring Devices Market Research By Device type (Mercury Sphygmomanometer, Aneroid Sphygmomanometers, Digital Devices, and Instruments & Accessories), By Accessory type (Blood Pressure Cuffs, Manometers, Valves And Bladders, Others), By End-User (Hospital, Homecare, and Ambulatory Surgical Center) Forecast, 2022-2028

The global blood pressure monitoring devices market is growing at a considerable CAGR of around 11.2% during the forecast period. The increasing demand for BP(blood pressure) monitors owing to the rising geriatric population and prevalence of chronic diseases across the globe. Obesity among people due to consumption of alcohol, unhealthy food, and excessive salt intake leads to high blood pressure problems, which further boosts the market growth. The increasing prevalence of hypertension has led to rising demand for rapid, accurate diagnostic solutions, and cost-effective. The cost-effective and accurate results offered by these indicators are one of the key factors responsible for market growth.

The major restraint of the market growth includes a lack of awareness towards the device and insufficient healthcare infrastructure in emerging economies. The decreasing average selling price for retailers and manufacturers may challenge the growth of the market in the forecast period. Moreover, The global targets set to reduce the prevalence of hypertension by 25% by 2025 are estimated to be one of the best opportunities for the market players as they may get benefit from the government initiatives to meet the targets. The increase in healthcare expenditures and technological advancements are also accounted as a market opportunity and are estimated to fuel the market growth in the forecast period. For instance, in December 2018, Omron Healthcare’s received the US FDA for its wearable blood pressure monitor” HeartGuide” that uses the oscillometric cuff method.

Impact of COVID-19 on the Blood Pressure Monitoring Devices Market

The global blood pressure monitoring device market is propelled by the COVID-19 pandemic since December 2019. The demand for the blood pressure monitoring device is increasing in the COVID-19 due to the increasing self-care awareness among the people, rising demand for blood pressure monitors in-home care as well considerably in hospitals mainly during a short period of six to eight months. The demand for in-home health management witnessed significant growth due to the spread of COVID-19. For instance, according to Omron, its home healthcare business segment perceived an increased mandate for blood pressure monitoring devices during the COVID-19.

Segmental Outlook

The market is segmented based on device type, accessory type, and end-user. Based on device type, the market is segmented into mercury sphygmomanometer, aneroid sphygmomanometers, digital devices and instruments & accessories. Based on accessory type, the market is segmented into blood pressure cuffs, manometers, valves and bladders, among others. On the basis of end-user, the market is segmented into hospital, homecare, and ambulatory surgical center.

Global Blood Pressure Monitoring Devices Market Share by Device type, 2020 (%)

Global Blood Pressure Monitoring Devices Market Share by Device type

The aneroid sphygmomanometers segment projected to dominate the Blood Pressure Monitoring Devices Market

Based on the device type, The aneroid sphygmomanometers segment holds a significant market share in the global blood pressure monitoring devices market. The market growth is driven by innovations in technologies, and the affordability of aneroid monitors. The Physicians are recommending the use of home monitoring of blood pressure for patients with severe hypertension. the apparatus is compact and convenient which makes it easy to use for patients at home. The cost-efficiency of this alternative option for blood pressure monitoring, along with the availability of smart wearables that provides flexibility, is expected to support the segment growth. However, aneroid sphygmomanometers have been seen to be less accurate as compared to mercury sphygmomanometers. The Aneroid sphygmomanometers kits providers include Omron Healthcare, Inc., American Diagnostic Corp., Rossmax International Ltd., Hill-Rom Holdings, Inc., and Withings.

Regional Outlooks

The blood pressure monitoring devices market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global market. Some factors that are boosting the market growth in North America are the increasing prevalence of cardiovascular disease, and the increasing geriatric population. Developed healthcare infrastructure and increasing investments by manufacturers are some of the major factors that are estimated to fuel the market growth of blood pressure monitoring devices in the forecast period. Additionally, the government initiative in the region also contributing to the growth of the market. For instance, In February 2019, The Integrated Health Model Initiative (IHMI) an activity sponsored by the American Medical Association (AMA) propelled a data management model for providing opportunities to improve health products.

Global Blood Pressure Monitoring Devices Market, by Region 2022-2028

Global Blood Pressure Monitoring Devices Market, by Region

Asia-Pacific will Have Considerable Growth in the Global Blood Pressure Monitoring Devices Market

The Asia-Pacific region is expected to witness significant growth opportunities for the market. The increasing prevalence of cardiovascular disease drives the growth of the market in the region. Additionally, the increasing investments by the government and key players boost the market growth in the region, improving healthcare facilities rapidly growing target disease population base contributing to the growth of the Blood Pressure Monitoring Devices market in the region.

Market Player Outlook

Key players of the global blood pressure monitoring device market include Hill-Rom Holdings, Inc., American Diagnostic Corporation, Boehringer Ingelheim International GmbH, Koninklijke Philips N.V., General Electric Co., Smiths Group plc, and Omron Healthcare, Inc. To survive in the market, these players adopt different marketing strategies such as a merger, acquisitions, product launches, and geographical expansion so on. For instance, in February 2021, Hill-Rom Holdings, Inc., announced the acquisition of contact-free continuous monitoring technology from EarlySense. The acquisition was $30 million.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment..
• Country-wise analysis of major geographical regions..
• Key companies operating in the global blood pressure monitoring devices market based on the availability of data, information related to new product launches, and relevant news is also available in the report..
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future..
• Analysis of market entry and market expansion strategies..
• Competitive strategies by identifying ‘who-stands-where in the market. .