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Blood Pressure Monitoring Device Market to Hit $3.25 billion in 2021: Growth Analysis

Press Release   •   Jan 16, 2018 05:01 EST

Blood pressure is the force of blood against the walls of blood vessels. Blood pressure is expressed in systolic pressure and diastolic pressure. In blood circulation, heart contracts and pushes blood to the entire body through arteries, this force creates pressure on arteries and this pressure referred as systolic pressure while in diastolic pressure, blood pressure falls between heartbeats. Blood pressure monitoring devices are used to measure blood pressure in the arteries. Blood pressure monitoring devices are playing an important role in measurement, management, and monitoring of hypertension.

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Increasing prevalence of heart disorders, changing unhealthy population, increasing geriatric population and rising obese population are the major factors responsible for the growth of blood pressure monitoring device market. In addition, new emerging innovative technologies such as mobile-based BP monitoring systems and automated BP monitoring systems are propelling the growth of blood pressure monitoring device market. Furthermore, increasing awareness about BP monitoring in rising geriatric population is expected to drive the growth of blood pressure monitoring device market during the forecast period. In spite of this, high cost and accuracy of devices are major factors affecting the growth of blood pressure monitoring device market. However, untapped market, increasing investment by manufacturer and support by governments are expected to generate new opportunities during the forecast period for blood pressure monitoring device market.

Based on device type, blood pressure monitoring device market has been segmented as mercury-based blood pressure monitor device and digital blood pressure monitor device. Mercury based blood pressure monitors are more accurate and mostly used as a standard tool for blood pressure monitoring but comparatively more difficult to handle than digital blood pressure monitor. Digital blood pressure monitors are battery operated and they have a cuff, a valve and a pressure transducer. Mercury based blood pressure monitors are further classified as mercury sphygmomanometer and aneroid sphygmomanometers while digital blood pressure monitors are classified as arm-type, wrist-type, and finger-type.

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Based on the accessory type, blood pressure monitoring device market has been segmented as blood pressure cuffs, manometers, valves & bladders, and others. Blood pressure monitoring device market is dominated by blood pressure cuffs and manometers.

Based on the end user, blood pressure monitoring device market has been segmented as hospitals, home care, diagnostics laboratory and others. Homecare segment accounted for the highest share in blood pressure monitoring device market with high and increasing demand. In the forecast period, homecare segment is expected to generate more revenue by new emerging technologies.

Based on the geography, the blood pressure monitoring device market has been segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. North America dominated the blood pressure monitoring device market due to high demand and increasing the prevalence of cardiovascular diseases. In Europe, the market has been dominated by Denmark and U.K. due to the successful launch of telehealth services. Asia-Pacific is expected to show noticeable growth during the forecast period due to increasing initiative by the new government in preventive care and increasing geriatric population in developing countries like India and China.

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Key operating players in blood pressure monitoring device market are like Omron Healthcare, Panasonic Corporation, GF Health Products Inc., A&D Medical Inc., Welch Allyn Inc., American Diagnostics Corporation, SunTech Medical, Inc., Briggs Healthcare, Microlife AG, Philips Healthcare, Rossmax International Ltd., Spacelabs Healthcare Inc., and GE Healthcare.

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