The blood pressure monitoring instruments market has been forecast to exceed a value of $3 billion by 2018, primarily driven by the aging population, increasing lifestyle stress and innovations that enhance convenience and ease of use of the product.
Blood pressure (BP) measurement provides indication to cardiovascular or BP related risks and facilitates in effective management of several life-threatening diseases. BP measurement also acts as the first step that helps in effective controlling of BP.
Growing awareness, attractive features and convenience in using at home BP monitoring devices fuelled market growth for this segment despite the prevailing negative conditions amid the global economic meltdown. Telehealth applications are another area promising future market growth.
Ambulatory blood pressure monitoring on the other hand has become an important tool for diagnosing hypertension in the clinics.Another significant trend is disposable transducers rapidly replacing reusable transducers because of their lower costs as well as ease of use.
Despite the global economic meltdown, the global market for BP monitors continues to witness new product introductions. Currently available BP monitors in the market include a range of innovative, convenient and technologically advanced devices.
Many types of BP monitors currently available in the market include small-sized wrist monitors; monitors that are compatible with the latest mobile devices like smartphones, iPad, iPhone, iPod; monitors with innovative cuff designs, monitors with pressurisation and deflation capabilities; monitors for extra-large arms; talking monitors; and solar-powered monitors.
The US and Europe represent the leading markets worldwide., however, Asia-Pacific offers huge untapped potential for growth given the relatively low product penetration rates in countries like India and China.
Key players currently dominating the blood pressure monitoring instruments market include Omron Healthcare Co. Ltd., GE Healthcare, Philips Healthcare, A&D Medical Inc., and Sun Tech Medical Inc.
For more information on the blood pressure monitoring instruments market, see the latest research: Blood Pressure Monitoring Instruments Market
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