Blood pressure can be defined as a force that is exerted by flowing blood on the walls of vessels as heart pumps it. If the blood pressure increases about the normal pressure, it may lead to several health problems such as diabetes, heart attack, stroke, peripheral vascular disease, hypertension, and other cardiovascular problems. The global blood pressure monitor market is expected to witness a highly promising growth in the coming years of the forecast period as sedentary and unhealthy lifestyles are causing hypertension problems among global population.
Blood pressure monitoring instruments include sphygmomanometers (aneroid sphygmomanometers and digital sphygmomanometers), blood pressure transducers (reusable transducers and disposable transducers) and ambulatory and automated BP monitors. Among all the instruments digital sphygmomanometers is likely to grow at a faster rate in the coming years as they are easy to use and provides accurate analysis.
The competition in the global blood pressure monitor market is high. The companies in the market are constantly doing R&D activities to stay ahead of the competition. In addition to this, the companies are adopting aggressive growth strategies such as mergers, acquisitions, collaborations, strategic alliances and partnerships in order to stay ahead of the competitive curve. The growth in the industry is characterized by the growing investments by the leading companies for the development of cost-efficient equipment.
Some of the key players in the in the global blood pressure monitor market are Omron Healthcare Welch Allyn, Inc., A&D Medical Inc., SunTech Medical, Inc., American Diagnostics Corporation, Withings, Briggs Healthcare, GE Healthcare, Kaz Inc., Microlife AG, Rossmax International Ltd., GF Health Products Inc., Spacelabs Healthcare Inc., and Philips Healthcare.
There are multiple factors that are projected to drive the overall development of the global blood pressure monitor market. One of the key factors that is driving the market growth has been the increasing cases of diabetes among global population. In addition to growing geriatric population is also a key growth factor for the development of the global market in recent years.
Another important factor helping to drive the development of the global blood pressure monitor market is the increasing initiatives undertaken by government all across to spread awareness about emergence of hypertension and ways to control it.
Based on the geographical segmentation, there are five key regions of the global blood pressure monitor market. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, currently, the global blood pressure monitor market is being dominated by the regional segment of North America. The region is expected to continue to dominate over the course of the given forecast period ranging from 2020 to 2030. The growth of the region is mainly attributed to the increasing prevalence of age-related physical degeneration among the population residing there. In addition to this, presence of a highly developed healthcare infrastructure to drive the growth of the regional market.
On the other hand, the regional segment of Asia Pacific is expected to witness a promising growth rate in the coming years of the forecast period. One of the key factors driving the market growth has been the increased spending by emerging economies for the development of their healthcare infrastructure.