Blood Pressure Monitoring Devices Market, By Product (Sphygmomanometers, Digital BP Monitor, and Ambulatory BP Monitors), By End User (Hospitals, Ambulatory Surgery Centers & Clinics, Home Healthcare, and Others), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Blood Pressure Monitoring Devices Market accounted 4160.3 million USD in 2020 and is expected to reach 8338.3 million USD by 2030 with a CAGR of 7.20% approximately during the forecast period.Blood pressure monitoring is essential these days to identify a person’s physiological conditions. It is one of the most conducted diagnostic tests to measure the blood volume, the resistance of arteries and the pumping efficiency of the heart. Due to a rise in the prevalence cases of increasing hypertension and cardiovascular disorders has resulted in the growth of the blood pressure monitoring devices market. According to the World Health Organization (WHO) report in 2019, around 1.15 billion world population across the globe have hypertension, which is one of the major causes of premature death worldwide. The world population has mostly geriatric people who are under the risk of different blood-related disorders and there is a rise in the incidence of obesity and other health-related diseases, which has resulted in the growth of the blood pressure monitoring devices.

Market Segmentation:

The global blood pressure monitoring devices market is segmented by product into sphygmomanometers, digital blood pressure monitor, and ambulatory blood pressure monitors. By the end-user, the market is divided into hospitals, ambulatory surgery centers & clinics, home healthcare, and others. By geography, the blood pressure monitoring devices market is bifurcated into North America, Asia Pacific, Europe, and the ROW. 

Market Dynamics and Factors:

The government has taken different initiatives in the past such as public blood monitoring programs to create awareness among the people has resulted in the growth of the blood pressure market. Growing preference towards in house medical tests and monitoring the physical conditions are driving the market growth. Moreover, government initiatives are required to focus on the healthcare industry to make such a point of use devices that can be made available. Owing to the increase in technological advancements like the introduction of wearable devices and various applications to track the health measures will boost blood pressure monitoring devices market growth. Moreover, a lack of awareness about blood-related disorders and the presence of advanced technological devices may be a change in the growth of the blood pressure monitoring devices market.

Geographic Analysis:

In 2018, North America dominated the global blood pressure monitoring devices market in terms of revenue share. Key factors attributing to its large share include the presence of advanced healthcare infrastructure and the increasing prevalence of lifestyle-associated diseases with a high risk of hypertension. Asia-Pacific is expected to demonstrate rapid growth during the forecast period. Key factors attributing to its rapid growth include favorable government initiatives such as the government of India's campaign "Make In India" which is intended to attract FDI and international players to invest in the Indian market. In addition, rapidly improving healthcare facilities are anticipated to market growth. The home healthcare segment is expected to witness lucrative growth owing to the government initiatives to promote home healthcare.

Competitive Scenario:

The major players in blood pressure monitoring devices market are SunTech Medical, Inc., American Diagnostics Corporation, Omron Healthcare Welch Allyn, Inc., A&D Medical Inc., Withings, GE Healthcare, Kaz Inc., Microlife AG, Rossmax International Ltd., GF Health Products Inc., Spacelabs Healthcare Inc., Briggs Healthcare, and Philips Healthcare.

Blood Pressure Monitoring Devices Market Report Scope