The global blood pressure monitoring devices market is anticipated to show impressive growth in the forecast period of 2023-2027. The market performed well in the historical years and is contemplated to show an exclusive growth in the next five years too. The market owes its growth to the increasing geriatric population and increasing risk of lifestyle-associated disorders among a wide population due to the rising incidences of obesity and sedentary lifestyle. Blood pressure monitoring devices are highly recommended for patients suffering from high and low blood pressure problems and to record sudden changes in the levels at a regular interval or continuously.
The global blood pressure monitoring devices market is segmented by product type, technology, end-user, and region. Based on product type, the market is categorized as digital blood pressure monitor, sphygmomanometer, transducers, others, whereas sub-segments on the basis of technology are digital, android, and wearable. Patients with the requirements of blood pressure monitoring devices can pursue the sales through the end-users of the market, that is, through hospitals & clinics, ambulatory surgery centers, home care, and others.
Governmental and non-governmental organizations invest considerable amounts in the health care sectors worldwide, thereby creating a probable growth in the market. Moreover, the elderly population is increasing at an alarming rate, causing the need to monitor the blood pressure at the regular interval a necessity in the current lifestyle, so far as supporting the growth of the global blood pressure monitoring devices market. Moreover, wearable blood pressure monitoring devices is estimated to dominate the future market since it satisfies the need of changing lifestyle and health concerned youth population.
In the wake of COVID-19, due to lockdown in the first quarter of 2021 global economy suffered a setback. As a part of healthcare, the sales of blood pressure monitoring devices were affected too. Although, quick response from the competitors and distribution of the product from the online sources has recovered the market growth in the second half of the year, 2021. It is expected that the market will keep growing at a steady pace in the upcoming five years.
Some of the major competitors in the market are Koninklijke Philips N.V., GE Healthcare, A & D Company, Limited, Welch Allyn, Inc., SunTech Medical, Inc., Hill-Rom Holdings, Inc., American Diagnostic Corporation, Omron Healthcare, Inc., Microlife Corporation, Masimo Corporation, Nihon Kohden Corporation, Spacelabs Healthcare., Inc. (OSI Systems), Withings S.A., Contec Medical Systems, GF Health Products, Inc. The companies are focussing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include the formation of alliances and partnerships.
Objective of the Study
- To analyze and forecast the market size of Global blood pressure monitoring devices market from 2017 to 2020.
- To estimate and forecast the market size of Global blood pressure monitoring devices market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Global blood pressure monitoring devices market based on product type, application, end user, and regional distribution.
- To identify dominant region or segment in the Global blood pressure monitoring devices market.
- To identify drivers and challenges for Global blood pressure monitoring devices market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global blood pressure monitoring devices market.
- To identify and analyze the profile of leading players operating in Global blood pressure monitoring devices market.
- To identify key sustainable strategies adopted by market players in Global blood pressure monitoring devices market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research.
Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of Global blood pressure monitoring devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Blood pressure monitoring devices manufacturers, end users, service providers and other stakeholders
- Distributers and suppliers of blood pressure monitoring devices’ products and services and other stakeholders
- Organizations, forums, and alliances related to blood pressure monitoring devices
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product Type · Technology · End User |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Kuwait, Brazil, Argentina, Colombia |
| Key companies profiled | Koninklijke Philips N.V., GE Healthcare, A & D Company, Limited, Welch Allyn, Inc., SunTech Medical, Inc., Hill-Rom Holdings, Inc., American Diagnostic Corporation, Omron Healthcare, Inc., Microlife Corporation, Masimo Corporation, Nihon Kohden Corporation, Spacelabs Healthcare., Inc. (OSI Systems), Withings S.A., Contec Medical Systems, GF Health Products, Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
