Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Saturday, August 13, 2022 · 585,915,951 Articles · 3+ Million Readers

With 9.8 % CAGR, Blood Pressure Monitors Market Size worth USD 3.21 billion by 2028 Industry Trends & Forecast Report by Fortune Business Insights

According to Fortune Business Insights, the global Blood Pressure Monitors Market size is projected to reach USD 3.21 billion by 2028, at CAGR of 9.8% during forecast period; Increasing Awareness of Effective Management of Hypertension to Bolster Growth

/EIN News/ -- Pune, India, June 21, 2022 (GLOBE NEWSWIRE) -- The global blood pressure monitors market is set to gain traction from the increasing shift of patients from hospital care to home care devices because of the ongoing COVID-19 pandemic. Renowned companies, such as Omron Healthcare, Inc. are persistently striving to launch technologically advanced devices to cater to the huge demand from patients. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Blood Pressure Monitors Market, 2021-2028.” As per the report, the blood pressure monitors market size was USD 1.49 billion in 2020. It is projected to grow from USD 1.68 billion in 2021 to USD 3.21 billion in 2028 at a CAGR of 9.8% in the forecast period during 2021-2028.


Request a Sample Copy of the Research Report:

https://www.fortunebusinessinsights.com/enquiry/sample/blood-pressure-monitors-market-100059


Report Scope & Segmentation

Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 9.8%
2028 Value Projection USD 9.34 Billion
Base Year 2020
Market Size in 2021 USD 1.68 Billion
Historical Data for 2017 to 2019
No. of Pages 117
Segments covered By Product, By End-User, Geography
Key Market Players Omron Healthcare, Inc., Hill-Rom Holdings, Inc., Nihon Kohden Corporation, Koninklijke Philips N.V., Masimo, Beurer GmbH, GE Healthcare, American Diagnostic Corporation, SunTech Medical, Inc.

 
Growth Drivers Surging Cases of COVID-19 and Prevalence of Hypertension to Aid Growth
Digital BP Monitors Segment Held 66.6% Share in 2020: Fortune Business Insights™
Increasing Awareness of Effective Management of Hypertension to Bolster Growth


Drivers & Restraints

Increasing Awareness of Effective Management of Hypertension to Bolster Growth

The increasing prevalence of chronic ailments, especially hypertension worldwide is set to propel the blood pressure monitoring market growth in the near future. As per a report by Pan American Health Organization, more than 30.0% of the adult population in 2020 were suffering from hypertension. Many private healthcare organizations and government bodies of various countries are also conducting awareness programs to educate people about the effective management of hypertension. However, the use of blood pressure monitors in emerging nations is limited compared to developed nations. It may hinder growth.


To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:

https://www.fortunebusinessinsights.com/industry-reports/blood-pressure-monitors-market-100059


COVID-19 Impact

Surging Cases of COVID-19 and Prevalence of Hypertension to Aid Growth

The outbreak of the COVID-19 pandemic has had a positive impact on the blood pressure monitors industry. As per Springer Nature Limited, hypertension was the most common comorbidity in 2020 in hospitalized patients infected with coronavirus. Hence, the increasing cases of COVID-19 and the rising emphasis on routine check-ups among the general population would aid the market growth. We are providing in-depth research reports to help you better understand the current scenario of this market amid the pandemic.

Segments

Digital Blood Pressure Monitors Market Segment Held 66.6% Share in 2020: Fortune Business Insights™

By product, the blood pressure monitors industry is trifurcated into sphygmomanometer, ambulatory BP monitors, and digital BP monitors. Out of these, the digital BP monitors segment earned 66.6% in terms of the blood pressure monitoring devices market share in 2020. It is expected to remain at the forefront in the upcoming years because of the high accuracy levels of these devices.

Report Coverage

The research report focuses on analyzing the blood pressure monitors industry by taking into consideration contributions, prospects, and growth trends. It presents detailed profiles of key players present in the market to determine their competencies in each segment. Besides, it ensures to help our clients better understand the competitive landscape, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.


Market Segmentations:

Segmentation By Product
  • Sphygmomanometer
  • Digital BP Monitors
  • Ambulatory BP Monitors
By End-User
  • Hospitals & Clinics
  • Home Healthcare
  • Others
By Geography
  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • The Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)


Regional Insights

Rising Cases of Hypertension to Favor Growth in North America

In North America, the market stood at USD 0.63 billion in 2020. Statistics Canada, for instance, mentioned that approximately 5,570,200 Canadians were living with high blood pressure till 2019. Therefore, the demand for BP monitors is anticipated to increase rapidly in the upcoming years in this region. On the other hand, Europe is set to showcase significant CAGR in the blood pressure monitors industry because of the rising prevalence of hypertension and the surging population. Koninklijke Philips N.V., for instance, joined hands with Rennes University Hospital, France in January 2021, to enhance its product portfolio of monitoring, interventional imaging, and diagnostics of patients.


Get Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/blood-pressure-monitors-market-100059


Competitive Landscape

Key Companies Focus on New Product Launches through Collaborations

The global market for blood pressure monitors contains a large number of prominent companies that are constantly trying to develop unique devices to cater to the demand from patients across the globe. To do so, they are joining hands with local or reputed firms. Below are the two industry developments:

  • July 2020: OMRON Healthcare, Inc. and Mount Sinai Health System collaborated to provide patients with the VitalSight™ home blood pressure monitoring solution. It would provide better care to patients living with hypertension.
  • January 2020: SunTech Medical partnered up with Valencell Inc. to co-develop novel blood pressure measurement solutions for improving patient safety.

A list of renowned manufacturers of blood pressure monitors operating in the global market:

  • Omron Healthcare, Inc. (Kyoto, Japan)
  • Hill-Rom Holdings, Inc. (Indiana, United States)
  • Nihon Kohden Corporation (Tokyo, Japan)
  • Koninklijke Philips N.V. (Amsterdam, Netherlands)
  • Masimo (Irvine, California)
  • Beurer GmbH (Ulm, Germany)
  • GE Healthcare (General Electric Company) (Chicago, United States)
  • American Diagnostic Corporation (Sweden, Europe)
  • SunTech Medical, Inc. (Morrisville, United States)

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Prevalence of Hypertension, Key Countries/ Region, 2020
    • Overview of New Product Launches
    • Key Industry Developments – Mergers, Acquisitions, and Partnerships
    • Impact of COVID-19 on the Market
  • Global Blood Pressure Monitors Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Sphygmomanometer
      • Digital BP Monitors
      • Ambulatory BP Monitors
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals & Clinics
      • Home Healthcare
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

ToC Continue…!


Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/blood-pressure-monitors-market-100059


About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com


Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release