Blood Pressure Monitoring Devices Market Size to Garner $ 3.91 Billion at 9.2% CAGR Globally by 2031
Blood Pressure Monitoring Devices Market: Introduction
Transparency Market Research has published a new report titled, ‘Global Blood Pressure Monitoring Devices Market’. According to the report, the global blood pressure monitoring devices market was valued at US$ 1.5 Bn in 2020 and is projected to expand at a CAGR of 9.2% from 2021 to 2031. Blood circulating against the walls of blood vessels generates blood pressure (BP) and is measured in millimeters of mercury (mmHg). Factors influencing blood pressure include cardiac output, systemic vascular resistance & arterial stiffness, emotional state, activity, and relative health/disease states. Blood pressure disorders include hypertension, cardiac arrest, stroke, and sometimes renal failure.
Devices measuring blood pressure include sphygmomanometers, ambulatory blood pressure monitors, automatic blood pressure monitors, and blood pressure transducers Sphygmomanometers are the widely used blood pressure monitors due to easy availability, ease of use, and lower cost.
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In terms of device, the global blood pressure monitoring devices market has been classified into sphygmomanometers, automatic blood pressure monitors, ambulatory blood pressure monitors, and blood pressure transducers. The sphygmomanometers segment has been split into mercury, aneroid, and digital sphygmomanometers. The sphygmomanometers segment held significant share of the global blood pressure monitoring devices market in 2020.
Based on end-user, the global blood pressure monitoring devices market has been divided into hospitals & clinics, ambulatory surgical centers, homecare settings, and others. The hospitals & clinics segment held major share of the global blood pressure monitoring devices market in 2020.
Blood Pressure Monitoring Devices Market: Prominent Regions
North America held major share of the global blood pressure monitoring devices market in 2020. Large patient pool with blood pressure disorders, well-established health care infrastructure, government funding, presence of key players, and growth strategies adopted by these players are the key factors driving the blood pressure monitoring devices market in the region. Europe accounted for the second largest share of the global blood pressure monitoring devices market in 2020. The growth of the market in the region can be attributed to well-developed health care sector. The blood pressure monitoring devices market in Europe is likely to grow at a rapid pace during the forecast period. Technological developments in recently launched blood pressure monitoring devices is another major factor expected to propel the blood pressure monitoring devices market in the region.
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Blood Pressure Monitoring Devices Market: Key Players
Key players are expanding their footprint to consolidate their positions in the global blood pressure monitoring devices market. Hence, manufacturers engage in new product development, collaborations, and distribution partnerships to gain market share. Leading players operating in the global blood pressure monitoring devices market are Omron Healthcare, Inc., Celularity, Inc., Koninklijke Philips N.V, GE Healthcare (General Electric Company), Welch Allyn, Inc. (Hill-Rom Holdings, Inc.), Schiller AG, American Diagnostic Corporation, SPENGLER, Spacelabs Healthcare, Withings SA, SunTech Medical, Inc. (Halma plc), and A&D Medical.
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