Growth of Blood Pressure Monitoring Devices Market
The global Blood Pressure Monitoring Devices Market is estimated to be valued at US$ 2 Bn or Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis:-
· Strength: Growing awareness about benefits of regular blood pressure monitoring. Remote monitoring devices offer convenience to patients.
· Weakness: High cost of advanced blood pressure monitoring devices limits adoption. Accuracy issues exist with low-cost devices.
· Opportunity: Rising geriatric population increases demand. Untapped opportunities in developing regions.
· Threats: Data privacy and security concerns with connected devices. Reimbursement issues impact the market.
Key Takeaways:-
The Global Blood Pressure Monitoring Devices Market Size is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing prevalence of hypertension and availability of advanced home-use monitoring devices.
The North America region is expected to dominate the global blood pressure monitoring devices market during the forecast period. This is attributed to the rising healthcare expenditure and growing obese and geriatric population susceptible to hypertension in the region.
Key players operating in the blood pressure monitoring devices market are GE Healthcare, Koninklijke Philips N.V., Welch Allyn, Spacelabs Healthcare, A&D Company, Limited, SunTech Medical, Inc., OMRON Healthcare, Inc., American Diagnostic Corporation, Withings, Briggs Healthcare, Kaz, Inc., GF Health Products, Inc., Rossmax International Ltd.
Read More - https://www.trendingwebwire.com/blood-pressure-monitoring-devices-market-forecasts-and-trends-analysis/
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