According to a new report by UnivDatos Market Insights, The Blood Pressure Cuffs Market was valued at approximately USD 816.08 million in 2023 and is expected to grow at a substantial CAGR of around 5.34% during the forecast period (2024-2032). This is mainly due to the desire for rapid growth, more and more companies are participating in collaborative ventures such as mergers and acquisitions as ways to boost their capacities and shares and increase their knowledge of latest technological advancements. The increasing prevalence of hypertension is the major factor contributing to the growing demand for blood pressure cuffs. For instance, according to the World Health Organization (WHO) Global Report on Hypertension, around 1.3 billion adults in the year 2019, were affected by Hypertension. The report states that uncontrolled hypertension can lead to health complications such as stroke, kidney damage, heat attack and several other health problems. It further states that out of 1.3 billion people, only 21% of people got their hypertension controlled. Many companies are seeking major funding from venture capitalist firms to fuel research and development on effective blood pressure monitoring devices that is expected to further enhance blood pressure cuffs market.
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Technological Advancement
With growing cases of hypertension and shortage of healthcare providers, technological advancements such as automated blood pressure monitoring devices saves a lot of time by giving fast and accurate responses. These are user friendly, reduces human errors and give healthcare providers the provision to monitor several patients in short duration of time. This quality of automated blood pressure monitors leads to growing popularity of this device among healthcare providers and patients. American Heart Association have also recommended use of automated BP machine with appropriate blood pressure cuffs size, to monitor blood pressure regularly at home for keeping track of their own health and encourage self-involvement in the disease management process. Additionally, digital technology advancements such as automated blood pressure monitors, are now widely used in homecare settings. Patients don’t require healthcare provider’s assistance to check their blood pressure and thus minimizes dependency. This gives the users a sense of self-awareness and responsibility towards their own health management and helps to track status of their own health by this continuous monitoring system. These frequent technological advancements are flourishing growth of blood pressure cuffs market.
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According to the report, the Asia-Pacific region is expected to be the fastest growing region in the forecast period
Asia-Pacific blood pressure cuffs market is the fastest growing region due to various factors such as increasing aging population, increased prevalence of cardiovascular diseases, growing investments within the region and increased awareness regarding potential benefits of remote monitoring. Additionally increased research and development activities and growing investments by key market players are also leading to the robust growth of this market within this region. Growing interest of leading players to invest in this emerging region is further flourishing growth of blood pressure cuffs market in Asia-Pacific. For instance, in June 2023, OMRON Healthcare Inc., which is a world leader in manufacturing blood pressure monitors, announced to establish a manufacturing plant in India to enhance production of blood pressure monitors within the country. This has planned due to increasing demand of blood pressure monitors in India. This investment is expected to bring innovation and development of blood pressure cuffs in Asia-Pacific region.
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