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Published Date: 2017-10-18Number of Pages: 254

Blood Pressure Monitoring Devices and Accessories Market (Device - Sphygmomanometers (Mercury Sphygmomanometers, Aneroid Sphygmomanometers, and Digital Sphygmomanometers), Automatic Blood Pressure Monitors, Ambulatory Blood Pressure Monitors, Blood Pressure Transducers (Disposable Blood Pressure Transducers and Reusable Blood Pressure Transducers), and Blood Pressure Instrument Accessories (Blood Pressure Cuffs, Bladders, and Bulbs and Valves); End-user - Hospitals, Ambulatory Surgical Centers, Clinics, and Homecare Settings) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Blood Pressure Monitoring Devices and Accessories Market: Snapshot

Keen manufacturers in the global blood pressure monitoring devices and accessories market are spending liberally on research and development of better products and strengthening their distribution networks in order to up their sales. This has led to technological advancements in the design and utilities of the diagnostic devices, thereby catalyzing growth in the market.

Apart from that, rising instances of hypertension and initiatives by governments and independent bodies to generate awareness about it are also benefitting the market for blood pressure monitoring devices and accessories. Posing a roadblock to the market, on the other hand, is the inaccuracy in the readings on account of obesity or any pre-existing cardiovascular disorder.

According to a Transparency Market Research report, the global blood pressure monitoring devices and accessories market will likely rise at a steady CAGR of 7.0% from 2017 to 2025 to become worth US$3.18 bn by 2025 from US$1.75 bn in 2016.

global blood pressure monitoring devices accessories market

Technologically Advanced Automatic Blood Pressure Monitors Generate Maximum Revenue

The different types of blood pressure monitoring devices and accessories available in the market are sphygmomanometers, automatic blood pressure monitors, blood pressure transducers, ambulatory blood pressure monitors, and blood pressure instrument accessories. Of them, the automatic blood pressure monitors grossed maximum revenue in 2016 because of increasing requirement for technologically advanced blood pressure monitoring devices. Manufacturers’ increasing need for high volume low value devices is also positively impacting the segment. Automatic blood pressure monitors are expected to lead the market in the forecast period as well, owing to the soaring popularity and uptake of self-serving diagnostic tools.

Sphygmomanometers which can be further segmented into mercury sphygmomanometers, aneroid sphygmomanometers, and digital sphygmomanometers, are also seeing rapid sales because of their affordability and accuracy in the readings. The segment is expected to rise at a healthy clip on the back of high product offering of aneroid sphygmomanometers, along with rising digitalization in the readings of blood pressure monitors. This is stoking growth in the global blood pressure monitoring devices and accessories market.

Rise in Instances of Hypertension Makes North America Dominant Market

From a geographical standpoint, North America holds maximum share in the market owing to the rapid rise in the incidence of hypertension and increasing preference of patients for digitally and technologically advanced blood pressure monitoring devices. Rising at a CAGR of 7.2%, the market in the region will likely become worth US$1.03 bn by 2025. Europe is another key region in the global blood pressure monitoring devices and accessories market because of the strong public health policies and widely available diagnosis and treatment option in developed nations. The region is predicted to grow at a CAGR of 6.6% in the forecast period to pull in revenues of about US$710 mn by 2025.

In terms of growth rate, Asia Pacific is expected to outshine all other regions by clocking a CAGR of 7.3% from 2017 to 2025. The growth in the region is stoked mainly the presence of prominent market players in the countries of China, Japan, and India, who have well-established distribution channels. Apart from that, the shift towards preventive healthcare is also benefitting the market in the region.

Spacelabs Healthcare, Omron Healthcare, Inc. (OMRON Corporation), GE Healthcare, Koninklijke Philips N.V., Schiller AG, American Diagnostic Corporation, SPENGLER, Bosch + Sohn GmbH u. Co. KG, Withings SA, SunTech Medical, Inc. (Halma plc), Welch Allyn, Inc. (Hill-Rom), and A&D Medical and are to name a few prominent participants in the global blood pressure monitoring devices and accessories market.

 

Global Blood Pressure Monitoring Devices and Accessories Market: Overview

This report on the global blood pressure monitoring devices & accessories market analyzes the current and future scenario of the global market. Rise in private and public funding for diagnostic medical devices, rising demand for advanced blood pressure monitoring devices, and favorable regulatory scenario for new devices are boosting the growth of the global blood pressure monitoring devices & accessories market. Incorporation of multiple features in the devices, and increasing prevalence of hypertension are some of the factors expected to drive the growth of global blood pressure monitoring devices & accessories market during the forecast period.

The blood pressure monitoring devices & accessories market report comprises an elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the global market with respect to the segments based on device type, end-user, and geography. A detailed qualitative analysis of drivers and restraints, and opportunities has been provided in the market overview section. Additionally, the section comprises Porter’s Five Forces analysis to help understand the competitive landscape in the market. This section also provides market attractiveness analysis in terms of geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global blood pressure monitoring devices & accessories market.

Global Blood Pressure Monitoring Devices and Accessories Market: Segmentation

The global blood pressure monitoring devices & accessories market has been segmented according to device type & end-user. Based on the device type, the market is divided into sphygmomanometers, automatic blood pressure monitors, ambulatory blood pressure monitors, blood pressure transducers, and blood pressure instrument accessories. Sphygmomanometers are further categorized into mercury sphygmomanometers, aneroid sphygmomanometers, and digital sphygmomanometers, while blood pressure transducers has been further classified into disposable & reusable transducers.

The blood pressure instrument accessories are further sub-divided into blood pressure cuffs, and bladders, bulbs & valves. Automatic blood pressure monitors segment is projected to be the most attractive segment of the blood pressure monitoring devices & accessories market, in terms of value and volume, due to their increasing demand for measurement of blood pressure at home. The market segments have been analyzed based on cost-effectiveness of the devices, prevalence of hypertension, and growing demand for the diagnostic tools. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

On the basis of end-user, the global blood pressure monitoring devices & accessories market is classified into hospitals, ambulatory surgical centers, clinics, homecare settings, and others. Under the end-user segment, the hospitals segment accounted for the largest share of the global blood pressure monitoring devices & accessories market in 2016. Homecare settings segment is likely to grow at highest CAGR during the forecast period.

Geographically, the global blood pressure monitoring devices & accessories market has been categorized into five major regions and the key countries in the respective region: North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy, Russia and Rest of Europe), Asia Pacific (India, Japan, China, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa).

Global Blood Pressure Monitoring Devices and Accessories Market: Competitive Analysis

The report also profiles major players in the global blood pressure monitoring devices & accessories market based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. Major players profiled in this report include Omron Healthcare, Inc. (OMRON Corporation), Koninklijke Philips N.V., Schiller AG, American Diagnostic Corporation, SPENGLER, Spacelabs Healthcare, Bosch + Sohn GmbH u. Co. KG, Withings SA, Welch Allyn, Inc. (Hill-Rom), SunTech Medical, Inc. (Halma plc), A&D Medical, and GE Healthcare.

The global blood pressure monitoring devices & accessories market has been segmented as given below:

Global Blood Pressure Monitoring Devices and Accessories Market, by Technology

  • Sphygmomanometers 
    • Mercury Sphygmomanometers
    • Aneroid Sphygmomanometers
  • Digital Sphygmomanometers 
    • Automatic Blood Pressure Monitors
    • Ambulatory Blood Pressure Monitors
  • Blood Pressure Transducers 
    • Disposable Blood Pressure Transducers
    • Reusable Blood Pressure Transducers 
  • Blood Pressure Instrument Accessories 
    • Blood Pressure Cuffs
    • Bladders, Bulbs & Valves

Global Blood Pressure Monitoring Devices and Accessories Market, by End-user

  • Hospitals
  • Ambulatory Surgical centers
  • Clinics
  • Homecare Settings
  • Others

Global Blood Pressure Monitoring Devices and Accessories Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa


 
 
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