Global Sphygmomanometer Market Size By Product (Electronic Sphygmomanometer, Aneroid Sphygmomanometer), By End-User (Hospitals, Ambulatory Surgical Centers & Clinics), By Geographic Scope And Forecast

Sphygmomanometer Market Size And Forecast

Sphygmomanometer Market size was valued at USD 2.32 Billion in 2022 and is projected to reach USD 4.65 Billion by 2030, growing at a CAGR of 9.1% from 2023 to 2030.

Increase in the incidence of chronic illnesses such as hypertension, diabetes, and chronic heart disease is one of the main factors driving market expansion. The aging of the population increased healthcare awareness, and advancements in technology can all be attributed to the market’s overall growth. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Sphygmomanometer Market Definition

A sphygmomanometer is a device used to measure blood pressure by detecting the force of the blood in the heart. It is crucial to use a sphygmomanometer to monitor blood pressure in those with cardiac conditions. In addition to measuring blood pressure, a single device may also measure other parameters including heart rate and pulse rate. Sphygmomanometers are cheap, robust, portable, and lightweight. The industry is growing because of the rising prevalence of chronic diseases such as ischemic heart disease and hypertension.

A rubber cup that is wrapped around the arm, a bulb to inflate the cup, a valve to release the pressure, and a measuring tool to measure the cup’s pressure makes up a sphygmomanometer. A digital or electronic sphygmomanometer uses oscillometric measurements. It is easy to operate, battery-powered, automated, and devoid of mercury. Digital sphygmomanometers include manual, automated, wrist, upper arm, neonatal, and pediatric models. The most often used sphygmomanometers are wrist and automated versions.

Global Sphygmomanometer Market Overview

One of the biggest reasons the market's growing is because more and more people are dealing with long-term health issues like high blood pressure, diabetes, and heart problems. For example, a 2019 report from the World Health Organization (WHO) estimated a whopping 1.28 billion people worldwide had high blood pressure, which sadly plays a big role in premature deaths. And with more seniors around, plus a lot of folks developing lifestyle-related conditions like obesity and living less active lives, there's a serious need for blood pressure monitors. Experts like the American Heart Association, the American Society of Hypertension, the European Society of Hypertension, and the National Institute for Health and Care Excellence (NICE), all suggest checking your blood pressure twice a day for a full week, ideally morning and evening, taking two readings 1-2 minutes apart each time. All this is really fueling the demand for those BP monitors!

If you're worried about your heart, especially with cardiovascular risks, keeping a close watch on your blood pressure over the long haul is super important! This is expected to really boost the market. Plus, all the cool, new tech – like wireless and mobile blood pressure monitors – that are being developed? That's also going to help the market grow. We're seeing more older folks, and everyone's becoming more aware of their health, not to mention all the amazing tech coming out – all of that's adding to the growth. One thing that might slow things down is that people are moving away from mercury thermometers. But, hey, the development of cloud-based healthcare systems is creating awesome new chances for the market to boom!

Global Sphygmomanometer Market Segmentation Analysis

The Global Sphygmomanometer Market is Segmented on the basis of Product, End-User, And Geography.

Sphygmomanometer Market, By Product

• Electronic Sphygmomanometer
• Aneroid Sphygmomanometer
• Mercury Sphygmomanometer

Based on Product, the market is bifurcated into Electronic Sphygmomanometer, Aneroid Sphygmomanometer, and Mercury Sphygmomanometer. The aneroid BP monitors/sphygmomanometers segment held the largest market share in 2021 due to its rising demand. It is anticipated that new product introductions and technological advancements would boost demand for sphygmomanometers worldwide. Digital sphygmomanometer demand is expected to increase quickly due to features like accuracy and ease of use.

Sphygmomanometer Market, By End-User

• Hospitals
• Ambulatory Surgical Centers & Clinics
• Home Healthcare
• Others

Based on End-User, the market is bifurcated into Hospitals, Ambulatory Surgical Centers & Clinics, Home Healthcare, and Others. As of 2021, hospitals and clinics accounted for the largest revenue share since they had access to a large patient base. The adoption of blood pressure monitors is motivated by the need for quick, accurate, and affordable diagnostic tools for better health outcomes. Heathy CAGR growth is anticipated for home healthcare during the projection period. The availability of smart wearables that enable mobility and the cost-effectiveness of this alternative option for BP monitoring are expected to fuel growth.

Sphygmomanometer Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

When we look at the Global Sphygmomanometer Market by geography, we can break it down into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America came out on top, grabbing the biggest slice of the revenue pie, and that's largely thanks to their super well-organized and tightly controlled healthcare setup. Looking ahead, expect the market to get a nice boost from increasing investments aimed at making BP monitors more accurate and effective. Plus, the market will probably grow as companies roll out new gadgets and better tech. Now, keep an eye on the Asia-Pacific region! It's predicted to be the fastest-growing area in the coming years. This is mostly due to more people dealing with hypertension and an increase in people understanding the importance of monitoring their blood pressure.

Key Players

The “Global Sphygmomanometer Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are A & D Company, Welch Allyn, Koninklijke Philips N.V., General Electric, Omron, Beurer GmbH, Paul Hartmann AG, and Microlife Corporation. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• February 2019PhysIQ Inc. and Omron Healthcare have partnered into a cooperation agreement to integrate Omron’s HeartGuide wearable blood pressure monitor into the pinpointIQ platform, which is utilised in outpatient clinics.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Sphygmomanometer Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Sphygmomanometer Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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We'll dive deep, looking at the market in every way imaginable, considering both the hard numbers and the softer, more human aspects. We'll give you the USD value (in Billions!) for every slice and dice of the market. You'll find out which region and segment is set to explode with growth and which will be the top dog. We'll break down each region, looking at what people are buying and what's influencing their decisions. See how the big players stack up against each other, with a rundown of recent launches, deals, and expansions over the last five years. You'll get detailed company profiles – think overviews, insights, product comparisons, and SWOT analyses. We'll give you our best shot at predicting where the industry is headed, factoring in recent trends, growth opportunities, and the hurdles ahead in both new and established markets. Plus, we’ll use Porter's Five Forces to really dig into the market from all angles. We'll even walk you through the Value Chain to show you how it all fits together. Expect a look at the market's dynamics, highlighting growth opportunities in the years ahead. Oh, and you get 6 months of analyst support after you buy – we've got your back!

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