Global Blood Pressure Monitors Market to 2031: Production, Consumption, Revenue, Gross Margin and More
The Blood Pressure Monitors Market was valued at USD 4.81 billion in 2023 and is estimated to reach USD 9.95 billion by 2031, growing at a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2024 to 2031.
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Market Dynamics
- Rising Incidence of Hypertension: Increasing prevalence of hypertension and cardiovascular diseases drives demand for blood pressure monitoring devices.
- Technological Advancements: Innovations in wearable monitors, digital technology, and connectivity features enhance market growth.
- Growing Aging Population: Higher susceptibility to chronic diseases among elderly population supports market expansion.
- Consumer Awareness: Rising awareness about preventive healthcare measures and self-monitoring drives market adoption.
Key Players
- Omron Healthcare, Inc.
- Koninklijke Philips N.V.
- GE Healthcare (General Electric Company)
- Hill-Rom Holdings, Inc.
- Welch Allyn (now part of Hillrom)
- Nihon Kohden Corporation
- A&D Company, Limited
- Smiths Group plc
- SunTech Medical, Inc.
- American Diagnostic Corporation (ADC)
Key Segments Covered in Blood Pressure Monitors Market:
- By Product Type:
- Automated BP Monitors
- Ambulatory BP Monitors
- Sphygmomanometers
- By End User:
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Homecare Settings
- Others
- By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Segment Analysis
- Automated BP Monitors dominate the market due to ease of use, accuracy, and widespread adoption in clinical settings.
- Hospitals & Clinics represent the largest end user segment, driven by high patient volume and regulatory compliance requirements.
Recent Developments
- In March 2023, Omron Healthcare launched a new wireless blood pressure monitor with advanced data management capabilities for remote patient monitoring.
- In September 2022, Koninklijke Philips N.V. introduced a next-generation ambulatory blood pressure monitor with enhanced comfort and usability features.
Regional Analysis
- North America led the market in 2023, supported by advanced healthcare infrastructure, high healthcare expenditure, and early adoption of digital health technologies.
- Europe follows closely, driven by increasing prevalence of chronic diseases and favorable reimbursement policies for medical devices.
Key Takeaways
- The Blood Pressure Monitors Market growth is propelled by increasing prevalence of hypertension and cardiovascular diseases worldwide.
- Technological advancements in monitoring devices and rising demand for home healthcare solutions contribute to market expansion.
- North America and Europe are key markets, while Asia-Pacific presents significant growth opportunities due to improving healthcare access and rising healthcare expenditure.
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Table of Content
- Introduction
- Research Methodology
- Blood Pressure Monitors Market Dynamics
- Impact Analysis (COVID-19, etc.)
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Market Segmentation (Product Type, End User, Region)
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Use Cases and Best Practices
- Conclusion
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