Factors such as rising prevalence of chronic and acute diseases increase in the aging population, new product launches, and technological advancements are driving the growth of this market. On the other hand, high cost of technological advancements, lack of trained professionals, accuracy of the devices and short shelf life is hindering the growth of this market.

The overall market for pressure monitoring is expected to reach $8,040.6 million by 2020 from $6,000.0 million in 2015, growing at a CAGR of 5.0% from 2015 to 2020.

Blood pressure monitoring devices marketSize & Share by Product (Device (Blood Pressure, Intracranial Pressure, Intraocular Pressure), Accessory), Application (Respiratory, Glaucoma, Dialysis), Procedure (Invasive), End User (Hospital, ASC, Diagnostic) – Global Forecast to 2020

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Pressure monitoring plays an important role in detecting the health problems of a patient. The major fluctuations of pressure in the vital areas of the body may cause various chronic and acute diseases such as diabetes, cardiac arrest, and glaucoma.

Pressure monitoring plays an important role in detecting the health problems of a patient. The major fluctuations of pressure in the vital areas of the body may cause various chronic and acute diseases such as diabetes, cardiac arrest, and glaucoma. Increase in the prevalence of the above mentioned diseases and growing aging population have increased the need for pressure monitoring and control in the market.

Increase in the prevalence of the above mentioned diseases and growing aging population have increased the need for pressure monitoring and control in the market.The major factors responsible for the growth of the pressure monitoring are the rising prevalence of chronic and acute diseases, growth of aging population, new product launches, increase in the lifestyle related diseases, and technological advancements.

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Geographical Growth Analysis:

Geographically, the ambulatory blood pressure monitoring devices market is dominated by North America, followed by Europe. North America is expected to account for the largest share of the global market in 2015, with Asia having the highest growth rate during the forecast period.

Market Research Future published a research report on Blood Pressure Test Market Research Report– Global Forecast till 2023. Report gives a clear picture of current market scenario which includes past and estimated future market size. The report provides detail information and strategies of top key players in the industry. The report also gives a broad study about different markets segments and regions.

Blood Pressure Monitoring Devices Market Highlights:

Blood pressure test is done for the patients with cardiovascular diseases, hypertension, and diabetes. Systolic and diastolic pressure is important for continuously monitoring the blood pressure. The test is mostly recommended for the patients with hypertension to determine the risk of any cardiovascular disease such as coronary heart disease.

Prevalence of chronic diseases such as cardiovascular diseases, obesity, and diabetes is on the rise across the globe, especially in the developing countries.  The market is driven by the increasing prevalence of cardiovascular diseases in rural areas of the developing countries. Rising geriatric population further increases the chances of cardiovascular diseases and hypertension, thereby accelerating the market growth.

Additionally, increasing research and development activities, and technological advancements to identify the causes and risk factors for chronic heart diseases is fuelling the growth of the global blood pressure test market. The high cost of treatment may restrain the growth of the market.

Regional Analysis

The market for blood pressure test is found to be increasing in the Americas.  Increasing prevalence of cardiovascular diseases and availability of quality care services in various healthcare centers in the U.S. and Canada also influence the growth of the market. Also, rising emphasis on early diagnosis and treatment of hypertension and increasing demand for technologically advanced diagnostics and presence of major market players in the region also influence the growth of the market.

In Europe, the prevalence of diabetes, a major risk factor for heart disease, is rising from last few years. Lifestyle changes, lack of physical exercise, and extensive research and development activities on the medical devices, drive the market growth. Germany and France are the two largest market in the European region owing to extensive use of diagnostic medical devices in healthcare institutes such as hospitals

Segmentation:

The global blood pressure test market is segmented on the basis of product, indication and end user.

On the basis of product, the market is segmented into sphygmomanometers, blood pressure transducers, blood pressure instrument accessories, and others.

Sphygmomanometers is further sub-segmented into mercury, aneroid and digital. The blood pressure transducers is further sub-segmented into disposable and reusable.

Blood pressure instrument accessories is further segmented into blood pressure cuffs, bladders, and bulbs & valve

On the basis of indication, the market is segmented into hypertension, coronary heart disease, and others.

On the basis of end user, the market is segmented into hospitals & clinics, diagnostic centers, home care, and others.

Blood pressure test market research: by-product (sphygmomanometers, blood pressure transducers & instrument accessories), indication (hypertension, coronary heart disease), end user (hospital & clinic and diagnostic center) – Global forecast till 2023 @ https://www.marketresearchfuture.com/reports/blood-pressure-test-market-5489

Key Players in the Global Blood Pressure Test Market

Some of the key players in this market are OMRON Corporation, SunTech Medical, Inc., SPENGLER, Koninklijke Philips N.V., Schiller AG, Spacelabs Healthcare, American Diagnostic Corporation, Bosch + Sohn GmbH u. Co. KG, Withings SA, Welch Allyn, Inc. (Hill-Rom), A&D Medical, and General Electric Company.

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Blood Pressure Monitoring Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Global Blood Pressure Monitoring Devices Market: By Product Type (Sphygmomanometer, Ambulatory Blood Pressure Monitors, Automated Blood Pressure Monitors, Blood Pressure Transducers), By Technology (Manually Operated Blood Pressure Monitoring Devices, Digital Blood Pressure Monitoring Devices), By Modality (Portable Blood Pressure Monitoring Devices , Standalone Blood Pressure Monitoring Devices), By End-User (Hospitals and Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Homecare Settings), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Market Outline: Blood Pressure Monitoring Devices Market

Blood pressure monitoring devices are the medical devices used to monitor the patient’s blood pressure. These devices comprise of measuring unit, an inflatable cuff, and a technique for inflation that might be either electronically operated pump or manually operated valve and bulb. Both manual and digital blood pressure monitors are used presently with more preciseness and convenience. Normal blood pressure of an active person is 120/80 and blood pressure is monitored in hypertension and hypotension. Sphygmomanometer is the most commonly used device to monitor the blood pressure.

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Market Dynamics: Blood Pressure Monitoring Devices Market

Increase in the prevalence of hypertension and other cardiovascular diseases, changes in lifestyle such as high consumption of alcohol and food, technological advancements in the devices, and increase in obese and geriatric population are anticipated to fuel the blood pressure monitoring devices market over the forecast period. Moreover, increase in healthcare expenditure, increase in government initiations for preventing the hypertension, and rise in demand for portable devices are anticipated to bolster the blood pressure monitoring devices market. However, high cost of technologically advanced devices, stringent regulations for product approval, and product recalls are expected to hamper the growth of blood pressure monitoring devices.

Market Scope: Blood Pressure Monitoring Devices Market

Blood pressure monitoring devices market is segmented on the basis of product type, technology, modality, end-user, and region

Based on product type, the market is segmented into the following:

• Sphygmomanometer
• Ambulatory Blood Pressure Monitors
• Automated Blood Pressure Monitors
• Blood Pressure Transducers

Based on technology, the market is segmented into the following:

• Manually Operated Blood Pressure Monitoring Devices
• Digital Blood Pressure Monitoring Devices

Based on modality, the market is segmented into the following:

• Portable Blood Pressure Monitoring Devices
• Standalone Blood Pressure Monitoring Devices

Based on end-user, the market is segmented into the following:

• Hospitals and Clinics
• Diagnostic Centers
• Ambulatory Surgical Centers
• Homecare Settings

Based on region, the market is segmented into the following:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Market Summary: Blood Pressure Monitoring Devices Market

Major factors driving the global blood pressure monitoring devices market is change is lifestyle. According to the World Heart Federation, approximately 330 Mn people in developed countries and nearly 640 Mn individuals in developing countries are suffering from hypertension. Moreover, market players are focusing on the development of technologically advanced devices. For instance, in May 2017, iHealth launched voice-supported smart blood pressure monitor device. Furthermore, acquisitions and mergers between the market players is the key strategy adopted by market players for garnering larger market revenue share. For instance, in August 2017, Halma acquired Cardios to strengthen blood pressure monitoring devices portfolio in Brazil.

Regional Analysis:  Blood Pressure Monitoring Devices Market

Geographically, global blood pressure monitoring devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America blood pressure monitoring devices market is driven by innovation of technologically advanced devices, rise in demand for homecare blood pressure monitoring devices, and increase in incidence of hypertension and other cardiovascular diseases. Europe blood pressure monitoring devices market has a notable share owing to well-developed healthcare infrastructure, increase in prevalence of hypertension due to change in lifestyle, and high adoption of technologically advanced devices. Asia Pacific blood pressure monitoring devices market expected to exhibit significant growth rate owing to large patient pool coupled with increase in geriatric population, increase in prevalence of chronic diseases such as diabetes. Latin America blood pressure monitoring devices market is driven by expansion of business by market players, economic growth, and rise in awareness about digital blood pressure monitoring devices. Middle East and Africa blood pressure monitoring devices marketis expected to account for significant share owing to adoption of newer devices, increase in prevalence of hypertension, and rise in healthcare expenditure in the region.

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Competition Assessment: Blood Pressure Monitoring Devices Market

Some of the players in the global blood pressure monitoring devices market include:

• GE Healthcare (U.K.)
• Koninklijke Philips N.V. (Netherlands)
• Dragerwerk AG & Co. KGaA (Germany)
• Medtronic plc (U.K.)
• Welch Allyn, Inc. (U.S.)
• Halma plc (U.K.)
• iHealth Labs Inc. (U.S.)
• Omron Healthcare Europe B.V. (Netherlands)
• Smith Medical (U.S.)
• Gurin Products, LLC

Notable Market Developments: Blood Pressure Monitoring Devices Market

• In January 2017, Omron Healthcare launched Evolv- a wireless, portable upper arm blood pressure monitor device

Key Features of the Report:

• The report provides granular level information about the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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