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Published Date: 2016-04-25Number of Pages: 115

Blood Pressure Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023

Global Blood Pressure Monitoring Devices Market: Snapshot

The demand for blood pressure monitoring devices has taken off with the emergence of home care. Blood pressure monitoring can usually be carried out in a competent manner by the patient or their relatives, removing the need for hospitalization and constant monitoring. This has led to a growing demand for blood pressure monitoring devices for use in cases where the patient has a low risk of complications and is thus not hospitalized.

The global blood pressure monitoring devices market was valued at more than US$2 bn in 2014. Exhibiting a robust 7.30% CAGR from 2015 to 2023, the market is expected to almost double in valuation, with a valuation of US$3.8 bn expected by 2023.

One of the key drivers for the global blood pressure monitoring devices are the consistent product advancement efforts made by key companies in the market. The strong R&D avenues of the blood pressure monitoring devices industry have resulted in widespread adoption of the devices due to increased patient confidence. The growing geriatric population across the world has also boosted the demand for home care involving blood pressure monitoring devices, since the elderly are more likely to suffer from long-term cardiovascular conditions requiring constant monitoring.

Rising Demand from APAC Threatens Dominance of North America Blood Pressure Monitoring Devices Market

North America is the leading contributor to the global blood pressure monitoring devices market, with the region’s share calculated at close to 33% in 2014. While North America is likely to retain its dominant position in the global scenario in the coming years, the emergence of Asia Pacific as a lucrative investment destination is likely to lead to many Western medical devices manufacturers making significant inroads into the APAC market in the coming years. Asia Pacific is thus expected to become a close contender to the North America market for blood pressure monitoring devices in the coming years, with the two expected to hold near-equal market shares by 2023.

Rising Utilization of Blood Pressure Monitoring Kiosks Favors Global Market

By end use, the home care segment accounted for the leading share in the global blood pressure monitoring devices market in 2014. The US$911.8-mn valuation of the home-based blood pressure monitoring devices market in 2014 was twice that of the other key contributor to the market – hospitals. While home care is likely to exhibit a strong CAGR in the 2015-2023 forecast period and remain the leading contributor to the blood pressure monitoring devices market, the growing popularity of blood pressure monitoring kiosks in developed nations presents significant promise for the global blood pressure monitoring devices market.

Blood pressure monitoring kiosks have become common in developed countries, notwithstanding the concerns raised about the use of a standard-sized cuff, which can alter the blood pressure readings for patients whose arms don’t fit the cuff. The demand for blood pressure monitoring devices in kiosks is expected to exhibit a formidable growth rate in the coming years, and is likely to benefit from the steady expansion of blood pressure monitoring kiosk infrastructure in developed countries. The kiosks segment of the blood pressure monitoring devices market is expected to exhibit a robust 10.30% CAGR from 2015 to 2023.

In terms of competitive dynamics, the global blood pressure monitoring devices market is reasonably consolidated, with the top five companies likely to account for more than 50% of the market through the forecast period. Omron Healthcare, Welch Allyn, and Panasonic Corporation are among the key players in the global blood pressure monitoring devices market.

Table of Content

Chapter 1 Preface 
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.4 Assumptions

Chapter 2 Executive Summary 
2.1 Global Blood Pressure Monitoring Devices Market Share, by Device Type, 2014–2023 (US$ Mn)
2.2 Global Blood Pressure Monitoring Devices Market, by Device Type, 2014 (US$ Mn)
2.3 Global Blood Pressure Monitoring Devices Market, by End USer, 2014 (US$ Mn)
2.4 Global Blood Pressure Monitoring Devices Market, by Geography, 2014 (US$ Mn)
2.5 Global Blood Pressure Monitoring Devices Market: Market Snapshot

Chapter 3 Global Blood Pressure Monitoring Devices Market – Industry Analysis
3.1 Introduction
3.2 Market Drivers
      3.2.1 Technological advancements
      3.2.2 Growing awareness among patient population
3.3 Restraints
      3.3.1 Unfavorable reimbursement policies
3.4 Opportunities
      3.4.1 Rising health care investment in Asia-Pacific
3.5 Porter’s Five Forces Analysis
3.6 Market Attractiveness Analysis– Blood Pressure Monitoring Devices Market, by Geography (2014) (%) 
3.7 Competitive Landscape 
      3.7.1 Blood Pressure Monitoring Devices Market, by Key Players, 2014 (%)
      3.7.2 Analysis of Strategies by Market leaders
      3.7.3 Product Portfolio of Market Leaders

Chapter 4 Global Blood Pressure Monitoring Devices Market Segmentation, By Devices
4.1 Introduction
4.2 Global Sphygmomanometer Market Revenue, 2013–2023 (US$ Mn)
      4.2.1 Global Mercury Sphygmomanometer Market Revenue, 2013–2023 (US$ Mn)
      4.2.2 Global Aneroid Sphygmomanometer Market Revenue, 2013–2023 (US$ Mn)
      4.2.3 Global Digital Sphygmomanometer Market Revenue, 2013–2023 (US$ Mn)
4.3 Global Automated Blood Pressure Monitors Revenue, 2013–2023 (US$ Mn)
4.4 Global Ambulatory Blood Pressure Monitors Market Revenue, 2013–2023 (US$ Mn)
4.5 Global Blood Pressure Transducers Market Revenue, 2013–2023 (US$ Mn)
      4.5.1 Global Blood Pressure Reusable Transducers Market Revenue, 2013–2023 (US$ Mn)
      4.5.2 Global Blood Pressure Disposable Transducers Market Revenue, 2013–2023 (US$ Mn)
4.6 Global Blood Pressure Instrument Accessories Market Revenue, 2013–2023 (US$ Mn)
      4.6.1 Global Blood Pressure Cuffs Market Revenue, 2013–2023 (US$ Mn)
      4.6.2 Global Blood Pressure Bladder, Bulbs, and Valves Market Revenue, 2013–2023 (US$ Mn)

Chapter 5 Global Blood Pressure Monitoring Devices Market Segmentation, By End User
5.1 Introduction
5.2 Global Blood Pressure Monitoring Devices Market Revenue, by End-user, (US$ Mn), 2013–2023
5.3 Global Home Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
5.4 Global Hospital Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
5.5 Global Ambulatory Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
5.6 Global Physician Blood Pressure Monitoring Devices Market, (US$ Mn), 2013–2023
5.7 Global Kiosk Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023

Chapter 6 Global Blood Pressure Monitoring Devices Market Segmentation, By Geography
6.1 Introduction
6.2 Global Blood Pressure Monitoring Devices Market  Revenue, by Geography, (US$ Mn) 2013–2023 
6.3 North America Blood Pressure Monitoring Devices Market  Revenue, by Geography, (US$ Mn) 2013–2023
      6.3.1 U.S. Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
      6.3.2 Canada Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
6.4 Europe Blood Pressure Monitoring Devices Market  Revenue, by Geography, (US$ Mn) 2013–2023 
      6.4.1 Germany Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
      6.4.2 UK Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
      6.4.3 Rest of Europe Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
6.5 Asia Pacific Blood Pressure Monitoring Devices Market Revenue, by Geography, (US$ Mn), 2013–2023
      6.5.1 China Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
      6.5.2 Japan Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
      6.5.3 Rest of Asia Pacific Blood Pressure Monitoring Devices Market Revenue, (US$ Mn), 2013–2023
6.6 Latin America Blood Pressure Monitoring Devices Market Revenue, by Geography, (US$ Mn), 2013–2023
6.7 RoW Blood Pressure Monitoring Devices Market Revenue, by Geography, (US$ Mn), 2013–2023

Chapter 7 Recommendations 
7.1.1 Target the Emerging Markets of Developing Economies
7.1.2 Ensure High Level Security of Vital and Confidential Data

Chapter 8 Company Profiles
8.1 A&D Medical, Inc.
8.2 Contec Medical Systems Co., Ltd.
8.3 GE Healthcare
8.4 Hill-Rom (Welch Allyn)
8.5 Masimo Corporation
8.6 Medtronic, Inc. (Covidien plc)
8.7 Nihon Kohden Corporation
8.8 Omron Healthcare, Inc. 
8.9 Philips Healthcare 
8.10 Shenzhen Mindray Bio-medical Electronics Co., Ltd.
8.11 Spacelabs Healthcare
8.12 SunTech Medical, Inc.

Blood pressure can be defined as a measure of force that is exerted upon the walls of blood vessels. The exact cause of high blood pressure is unknown but it develops with changing lifestyle and growing age. Geriatric population, rising obese population, sedentary lifestyle are the factors that contribute to the growing incidence of hypertension. Rising incidence of blood pressure increases the awareness about blood pressure monitoring techniques. Hypertension is a chronic condition and a leading cause of death and is responsible for cardiovascular diseases and heart attacks globally. The global blood pressure monitoring devices market has been broadly segmented on the basis of device type, end user and geography. This report analyzes the current scenario as well as future market potential for blood pressure monitoring devices market globally. The blood pressure monitoring devices market report comprises an elaborate executive summary, demonstrating a snapshot on market dynamics of various segments and sub-segments in a precise manner. Moreover, executive summary also comprises a waterfall chart, which reflects the market size of various segments in descending order.

The report studies detailed qualitative analysis of the market dynamics that affect the growth of the global blood pressure monitoring devices market. Factors responsible for driving and restraining the growth of the global blood pressure monitoring devices market and future opportunities has been provided in the market overview section. This section of the report also provides comprehensive market comparative analysis and market attractiveness analysis for the global blood pressure monitoring devices market by geography for the base year, Porter’s Five Forces analysis, and market share analysis by key players (%) for the base year, operating in the blood pressure monitoring devices market. The report also encompasses detailed pricing analysis and strategy analysis by market leader for the global blood pressure monitoring devices market.

The global blood pressure monitoring devices market is categorized by devices type into sphygmomanometer, automated blood pressure monitors, ambulatory blood pressure monitors, blood pressure transducers and blood pressure instruments accessories. The sphygmomanometer segment is further classified into mercury sphygmomanometer, aneroid sphygmomanometer, and digital sphygmomanometer. The blood pressure transducers are further segmented into reusable transducers and disposable transducer. The blood pressure instruments accessories are further categorized into blood pressure cuffs, and blood pressure bladder, bulbs, and valves. The market for these types has been extensively analyzed based on consistency, effectiveness, and sales revenue of the various products developed by the manufacturers. The global blood pressure monitoring devices market encompasses various end users such as home, hospital, ambulatory, physician and kiosk. The market for all these segments is estimated for the period 2013 – 2023 in terms of value (US$ million).

Geographies discussed and analyzed in the global blood pressure monitoring devices market include North America, Europe, Asia Pacific, Latin America and Rest of the World. In addition the report also comprises the precise and detailed country wise analysis for the global blood pressure monitoring device market such as North America (U.S. and Canada), Asia Pacific (China, Japan, and Rest of Asia Pacific), Europe (Germany, U.K. and Rest of Europe) Latin America and Rest of the World. The market size and forecast in terms of US$ Mn for each segment has been provided for the period from 2013 to 2023. The report on the global blood pressure monitoring devices market also provides compound annual growth rate (CAGR %) for each of the market segments mentioned above for the forecast period from 2015 to 2023, considering 2014 as the base year.

A list of recommendations have been provided for new entrants to help establish a strong presence and for existing market players to take strategic decisions and to increase their market shares in the global blood pressure monitoring devices market. The report concludes with the profiles of major players in the global blood pressure monitoring devices market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include Omron Healthcare, Welch Allyn, Panasonic Corporation, Philips Healthcare, A&D Medical, Suntech Medical, Inc and Contec Medical Systems Co.,Ltd, GE Healthcare and others.

The global blood pressure monitoring devices market is segmented as follows:

Global Blood Pressure Monitoring Devices Market, by Device Type, 2013-2023 (US$ Mn)

  • Sphygmomanometer
  • Automated Blood Pressure Monitors
  • Ambulatory Blood Pressure Monitors
  • Blood Pressure  Transducer
  • Blood Pressure Instrument Accessories

Global Blood Pressure Monitoring Devices Market, by End User, 2013 – 2023 (US$ Mn)

  • Home
  • Hospital
  • Ambulatory
  • Physician
  • Kiosk

Global Blood Pressure Monitoring Devices Market, by Geography, 2013 – 2023 (US$ Mn)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of LATAM
  • Rest of the World (RoW)
    • Middle East and Africa
    • Rest of RoW


 
 
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