Global Blood Pressure Monitors Market Research Report 2023: A $3.1 Billion Market by 2031 - North America Dominates but Asia-Pacific Shows Rapid Growth
DUBLIN, Oct. 3, 2023 /PRNewswire/ -- The "Global Blood Pressure Monitors Market Report and Forecast 2023-2031" report has been added to ResearchAndMarkets.com's offering.
The global blood pressure monitors market size attained a value of USD 1.67 billion in 2022. The market is anticipated to grow at a CAGR of 7.1% during the forecast period of 2023-2031 to attain a value of USD 3.10 billion by 2031.
The report gives an in-depth analysis of the key players involved in the blood pressure monitors market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals.
Blood pressure monitors, also known as sphygmomanometers, play a crucial role in assessing cardiovascular health. These devices are designed to measure blood pressure and are equipped with an inflatable cuff to restrict blood flow and a manometer to record pressure levels.
The uses of blood pressure monitors are multifaceted, including the management of hypertension (high blood pressure) in individuals, ensuring the effectiveness of treatment regimens. They also serve as preventive tools, allowing for the early detection of blood pressure changes that may signify developing health issues, even in those without known heart disease. Moreover, individuals with conditions like diabetes and kidney disease may require regular blood pressure monitoring as part of their care plan.
The benefits of blood pressure monitors are significant. They facilitate the early detection of high blood pressure, a condition often asymptomatic until significant damage has occurred.
For individuals undergoing hypertension treatment, these monitors enable the evaluation of treatment effectiveness, ensuring that medication or lifestyle changes are adequately lowering blood pressure. Additionally, home blood pressure monitors provide convenience, allowing for more frequent measurements in a comfortable environment.
This is particularly beneficial for individuals with "white-coat hypertension," a phenomenon where blood pressure readings are elevated in clinical settings but normal at home. Furthermore, regular blood pressure monitoring aids in assessing an individual's overall cardiovascular risk, enabling healthcare providers to make informed decisions regarding treatment strategies.
In summary, blood pressure monitors are essential tools in healthcare for measuring blood pressure, managing hypertension, and assessing overall cardiovascular risk. They provide convenience, enable early detection, and allow for the evaluation of treatment effectiveness
Blood Pressure Monitors Market Scenario
The global blood pressure monitors market is projected to experience substantial growth in the coming years. This growth is primarily driven by the increasing prevalence of hypertension and other cardiovascular diseases, coupled with the growing global geriatric population
The rising awareness about the dangers of uncontrolled hypertension, initiatives from governments and health organizations to promote regular blood pressure monitoring, and advancements in technology are also contributing to the expansion of the market. The advent of digital, wearable, and smartphone-connected blood pressure monitors has made the process more convenient and accurate, driving their adoption among consumers
Home-based blood pressure monitoring is emerging as a significant trend, particularly due to the impact of the COVID-19 pandemic, which has highlighted the importance of remote and self-monitoring healthcare devices. These devices allow patients to regularly monitor their blood pressure from the comfort of their homes, which not only offers convenience but also helps to avoid "white-coat hypertension," where blood pressure readings are higher in a clinical setting due to anxiety
Regionally, North America holds a significant share of the blood pressure monitors market, given its advanced healthcare infrastructure, high healthcare expenditure, and high awareness levels about preventive healthcare. However, the Asia-Pacific region is expected to witness the fastest growth rate due to factors such as a large patient pool, increasing healthcare awareness, and improving healthcare infrastructure
Despite the growth drivers, the market faces challenges such as a lack of awareness and healthcare access in some regions, and the potential inaccuracy of some digital monitors. Addressing these issues will be crucial for the market to realize its full potential
In conclusion, the global blood pressure monitors market is on a growth trajectory, driven by an increasing prevalence of hypertension, technological advancements, and a shift towards home-based monitoring. However, market players must address existing challenges to sustain and enhance this growth.
Key Players
- Koninklijke Philips N.V
- HILL-ROM HOLDINGS, INC
- Omron Healthcare, Inc
- Masimo
- Nihon Kohden Corporation
- GE Healthcare (General Electric Company)
- Beurer GmbH
- American Diagnostic Corporation
- SunTech Medical, Inc
Market Segmentations
Blood Pressure Market Breakup by Product
- Sphygmomanometer
- Mercury
- Aneroid
- Digital
- Automated BP Monitors
- Ambulatory BP Monitors
Blood Pressure Monitors Market Breakup by End user
- Hospitals and Clinics
- Home Healthcare
- Others
Blood Pressure Monitors Market Breakup by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
For more information about this report visit https://www.researchandmarkets.com/r/vfkn9q
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SOURCE Research and Markets
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