The global Blood Pressure Monitoring Devices market is expected to rise at a significant rate in the forthcoming years. These devices have high demand as they can facilitate early diagnosis of patients deteriorating health conditions. In addition, advanced blood pressure monitoring devices are designed for personal use, which helps to track the health status of a patient remotely.
High blood pressure is a major cause of several diseases such as heart attack, stroke, and renal failure. The increasing adoption of blood pressure monitoring devices is due to a rise in the incidence of cardiovascular diseases such as hypertension. According to World Health Organization, Hypertension is a major cause of premature death worldwide. An estimated 1.13 billion people worldwide have hypertension. In 2015, 1 in 4 men and 1 in 5 women had hypertension. Furthermore, the growing old age population with risk of high BP, expanding base of lifestyle diseases including obesity and diabetes are further fuelling the demand for Blood Pressure Monitoring Devices.
However, a lack of awareness in developing regions is anticipated to hamper the growth of the market. Apart from this, an increase in healthcare expenditure in developing countries and high demand for proactive monitoring is anticipated to provide new opportunities for market players.
Covid-19 Impact on Blood Pressure Monitoring Devices Market
In addition, the current Blood Pressure Monitoring Devices Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Blood Pressure Monitoring Devices Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Blood Pressure Monitoring Devices Market Segment Overview
Based on product type, the Aneroid BP Monitors segment accounted for the largest share of the market in 2020. Technological progressions, coupled with new product launches, are projected to fuel the demand for Aneroid BP Monitors globally. In addition to this, demand for Aneroid BP Monitors is expected to grow in the coming years due to related advantages, such as accurate results and ease of use. According to end-user, the hospitals' segment dominated the market in 2020 due to the presence of a large patient pool. The adoption of BP monitoring devices is increasing by the need for cost-effective, fast, and accurate diagnostic tools for better health outcomes.
Blood Pressure Monitoring Devices Market, By Product Type
· Aneroid BP Monitors
· Digital BP Monitors
· Blood Pressure Instrument Accessories
· Ambulatory BP Monitors
Blood Pressure Monitoring Devices Market, By End-User
· Hospitals
· Ambulatory Surgical Centers & Clinics
· Home Healthcare
Blood Pressure Monitoring Devices Market Regional Overview
In terms of region, North America commanded a major share of the market in 2020. Important factors such as the well-developed healthcare infrastructure and increasing investments in the development of accurate and effective BP monitors are expected to contribute to the regional market growth in the coming years. Moreover, new product launches, along with technological advancements, are anticipated to fuel the market’s growth in this region. Similarly, the market of the Asia Pacific is projected to grow at the fastest rate owing to the increasing investments by manufacturers, growing awareness levels, and rising incidences of hypertension. As well, other factors such as rapidly improving healthcare facilities and untreated cases of high BP are the key factors contributing to the regional market growth.
Blood Pressure Monitoring Devices Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Blood Pressure Monitoring Devices Market Competitor overview
Some key developments and strategies adopted by manufacturers in Blood Pressure Monitoring Devices are highlighted below.
· In August 2021, CareVention HealthCare, a division of Tabula Rasa HealthCare, launched a remote patient monitoring service that uses biosensors and artificial intelligence to monitor patients’ vital signs and alert health care providers if necessary. Patients will receive a monitoring device and biosensors, like thermometers, oximeters and blood pressure machines, when they sign up for the service. CareVention partnered with health care tech company Thaïs for its platform and monitoring devices, which send data to Thaïs’ monitoring center.
Blood Pressure Monitoring Devices Market, Key Players
· A&D Company, Limited
· Contec Medical Systems Co., Ltd.
· General Electric Company
· Halma plc
· Hill-Rom Holdings, Inc.
· Koninklijke Philips N.V.
· Masimo Corporation
· Nihon Kohden Corporation
· Omron Corporation
· Smiths Group Plc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Blood Pressure Monitoring Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Aneroid BP Monitors
- 5.2.2. Digital BP Monitors
- 5.2.3. Blood Pressure Instrument Accessories
- 5.2.4. Ambulatory BP Monitors
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Hospitals
- 5.3.2. Ambulatory Surgical Centers & Clinics
- 5.3.3. Home Healthcare
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Blood Pressure Monitoring Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Aneroid BP Monitors
- 6.2.2. Digital BP Monitors
- 6.2.3. Blood Pressure Instrument Accessories
- 6.2.4. Ambulatory BP Monitors
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Hospitals
- 6.3.2. Ambulatory Surgical Centers & Clinics
- 6.3.3. Home Healthcare
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Blood Pressure Monitoring Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Aneroid BP Monitors
- 7.2.2. Digital BP Monitors
- 7.2.3. Blood Pressure Instrument Accessories
- 7.2.4. Ambulatory BP Monitors
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Hospitals
- 7.3.2. Ambulatory Surgical Centers & Clinics
- 7.3.3. Home Healthcare
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Blood Pressure Monitoring Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Aneroid BP Monitors
- 8.2.2. Digital BP Monitors
- 8.2.3. Blood Pressure Instrument Accessories
- 8.2.4. Ambulatory BP Monitors
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Hospitals
- 8.3.2. Ambulatory Surgical Centers & Clinics
- 8.3.3. Home Healthcare
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Blood Pressure Monitoring Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Aneroid BP Monitors
- 9.2.2. Digital BP Monitors
- 9.2.3. Blood Pressure Instrument Accessories
- 9.2.4. Ambulatory BP Monitors
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Hospitals
- 9.3.2. Ambulatory Surgical Centers & Clinics
- 9.3.3. Home Healthcare
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. A&D Company, Limited
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Contec Medical Systems Co., Ltd.
- 10.6. General Electric Company
- 10.7. Halma plc
- 10.8. Hill-Rom Holdings, Inc.
- 10.9. Koninklijke Philips N.V.
- 10.10. Masimo Corporation
- 10.11. Nihon Kohden Corporation
- 10.12. Omron Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
