The global blood pressure monitoring equipment market is expected to grow from US $1.72 billion in 2021 to US $5.10 billion by 2032.
Table of Contents
Blood pressure monitoring equipment market – Introduction
The global blood pressure monitoring equipment market is expected to expand at a good pace in the coming years. The market is segmented on instrument types, end-use, and geography.
Blood pressure monitoring is an integral part of most healthcare treatments and is also one of the key parameters measured during the recording of body vitals. Monitoring blood pressure is highly significant for persons suffering from hypertension and cardiovascular diseases. As cardiovascular diseases are a major cause of death globally, detecting any unwanted rise or fall in pressure can be done regularly checking blood pressure. Thus chances for prevention of any untoward events also increase. The market is primarily driven by the growing demand for home blood pressure monitoring.
Report Overview
| Aspect | Details |
| Base year of Estimation | 2021 |
| Forecast Period | 2022 – 2032 |
| Market Segmentation | By Instrument Types, End-Use, Regions |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America |
| Report Coverage | Market Dynamics, Segmentation Overview and Competitive Landscape of the market |
Market Segmentation Overview
| Term | Segments |
| By Instrument Types | Sphygmomanometers (Mercury Based Sphygmomanometers, Aneroid Sphygmomanometers), Ambulatory Devices, Automatic Devices, Pressure Transducers, Wearable Devices, Cusps, Replaceable Parts and others. |
| By End-Use | Hospitals, Personal Homes, Veterinary Hospitals, Research Laboratories, Pharmacies, Physician Chambers and others |
| By Regions | North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America |
Major Players in the Market
| Headquarters | Corporations |
| Japan | Omron Corporation, Nissei Holdings, Inc., Citizen Systems Japan Co., Ltd. & others |
| Germany | Bosch + Sohn GmbH u. Co. KG, Rudolf Riester GmbH, Braun GmbH & others |
| The U.S. | Medline Industries, Inc., Welch Allyn, Inc., BIOPAC Systems, Inc & others |
| Switzerland | F. Hoffmann-La Roche AG & others |
What Are the Driving Factors for Blood Pressure Monitoring Equipments Market?
- Increasing number of patients diagnosed with various types of cardiovascular diseases
- Growing awareness on cardiovascular diseases and hypertension
- Availability of over the counter automatic blood pressure monitors
- Improvement in blood pressure monitoring equipment
Market Dynamics
As of 2021, the demand for blood pressure monitors is driven by factors including growth in the number of patients diagnosed with various cardiovascular diseases, easy availability of over-the-counter automatic blood pressure monitors, and rising awareness of cardiovascular diseases and hypertension.
As per the World Health Organization (WHO), cardiovascular diseases cause approximately 31% of all deaths annually, resulting in 17.5 million deaths each year. Also, as per the U.S. government’s Centre for Disease Control and Prevention (CDC), approximately 27.6 million people were suffering from various cardiovascular diseases in the U.S. alone in 2014. Such a huge patient base has led to the increased usage of blood pressure monitors globally, thus promoting the market’s growth.
Additionally, digital blood pressure monitor is a cost-effective solution for daily blood pressure monitoring and is also quite easily available in various pharmacies and online stores. Owing to the ease of use and easy availability, many people purchase such equipment for regularly monitoring blood pressure. It has been positively impacting the growth of the global blood pressure monitoring equipment market.
Furthermore, growing awareness regarding cardiovascular diseases has led to growth in leading a healthy lifestyle. Such modifications are also accompanied by blood pressure monitoring equipments for early detection and prevention of heart-related diseases. This factor, in turn, has been further promoting the growth of the market. However, concerns regarding the accuracy of the readings taken by the commonly available digital blood pressure monitors have restrained the market’s growth. Additionally, lower-priced products from several emerging economies; have been restraining the revenue growth of the blood pressure monitors market. Further advancements in BP monitoring equipment and growth in the patient base are expected to offer good growth opportunities for this market.
Segmentation Overview
By instrument type
Based on instrument type, the market has been segmented into sphygmomanometers, ambulatory devices, automatic devices, and others. The other segment includes pressure transducers, wearable devices, cusps, and replaceable parts. Sphygmomanometer has been further sub-divided into mercury-based sphygmomanometers and aneroid sphygmomanometers. The automatic segment was the largest individual in 2019, owing to its widespread applications in most end-use segments.
By end-use
The global market has been segmented into hospitals, personal homes, veterinary hospitals, research laboratories, and others based on end-use. Others segment covers end-users such as pharmacies and physician chambers.
By Geography
The market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America by geography. North America held the largest share of the market in terms of revenue, followed by Europe. The large market share of North America can be attributed to higher awareness of cardiovascular diseases and higher applications of home blood pressure monitors. The Asia Pacific market is expected to grow fastest during the forecast period from 2022 to 2032.
Competitive Landscape
Leading players operating in the blood pressure monitoring equipment market are Omron Corporation (Japan), Bosch + Sohn GmbH u. Co. KG (Germany), Medline Industries, Inc. (The U.S.), Rudolf Riester GmbH (Germany), Welch Allyn, Inc. (The U.S.), Nissei Holdings, Inc. (Japan), F. Hoffmann-La Roche AG (Switzerland), Citizen Systems Japan Co., Ltd. (Japan), Braun GmbH (Germany), and BIOPAC Systems, Inc. (The U.S.) among others.
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