The "Global Blood Pressure Monitoring Devices Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global blood pressure monitoring devices market is expected to grow at a compound annual growth rate of 9.87% over the forecast period to reach a market size of US$2,803.259 million in 2026 from US$1,593.470 million in 2020.
A blood pressure monitor is a medical device either digital or manual used for monitoring blood pressure. The blood pressure monitoring devices market is projected to witness a promising growth over the forecast period which may be attributable to the fact that there has been a surge in the prevalence of hypertension due to changing hectic lifestyles of people particularly in the developing economies of the world. Moreover, the growing prevalence of cardiovascular disease and the growth in the number of hospitalizations in various parts of the world is further projected to amplify the demand for ambulatory BP monitors during the forecast period. Furthermore, the constant participation by the market players in the form of R&D and the launch of new and enhanced products in the market further propels the business growth opportunities for the market players over the course of the next five years.
On the other hand, the advancement in technology and the integration of monitoring solutions in smartphones and wearables, and the development of wireless cuffs and devices further shows the lucrativeness of the market in the near future. For instance, in January 2019, Omron Corporation announced the launch of its latest innovation in the field of patient monitoring by launching HeartGuide, the first wearable blood pressure monitor, with FDA clearance received in December 2018.
The advent of COVID-19 is projected to propel the demand to some extent since the consciousness among the people regarding self-care increased. Thus, growing demand for BP monitors in-home care settings as well significantly in hospitals particularly during a short period of six to eight months.
A&D Company, Limited
Welch Allyn, Inc.
Koninklijke Philips N.V.
Smiths Group plc
American Diagnostic Corporation
Nihon Kohden Corporation
Rossmax International Ltd
APAC to witness a significant growth
North America and Europe are projected to hold a significantly large share in this market. The growth in these regions is majorly attributed to state-of-the-art healthcare infrastructure and growing health concerns regarding patient monitoring which is expected to continue improving as industry players continue to funnel in huge investments in this sector in these regions. The market in the Asia Pacific is anticipated to grow at a noteworthy market share due to the presence of a significantly larger population base, and a growing prevalence of chronic diseases. The growth in the geriatric population is also one of the factors driving the market growth in the Asia Pacific region.
There is a high volume of companies working in the global blood pressure monitoring devices market, however, some have solidified their position as the leading providers in this industry. These players are involved in a plethora of investments, product launches, and R&D as a part of their growth strategies to further strengthen their position and provide better products and services to their customers worldwide, which is further expected to propel the growth of the market in the coming years.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Blood Pressure Monitoring Devices Market Analysis, By Type
5.3. Ambulatory Surgical Centers
6. Global Blood Pressure Monitoring Devices Market Analysis, By End-User
6.3. Ambulatory Surgical Centers
7. Global Blood Pressure Monitoring Devices Market Analysis, By Distribution Channel
8. Global Blood Pressure Monitoring Devices Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. The Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. A&D Company, Limited
10.2. Welch Allyn, Inc.
10.3. Omron Corporation
10.4. Koninklijke Philips N.V.
10.5. SunTech Medical
10.6. Smiths Group plc
10.7. American Diagnostic Corporation
10.8. Nihon Kohden Corporation
10.9. Microlife Corporation
10.10. Rossmax International Ltd
For more information about this report visit https://www.researchandmarkets.com/r/4eps5d
View source version on businesswire.com: https://www.businesswire.com/news/home/20210302005535/en/
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