Global Blood Pressure Monitors Market Overview:
Blood pressure monitor which is also known as sphygmomanometer is expressed numerically in millimeters of mercury, which is used to measure blood pressure, composed of an inflatable cuff to collapse and then release the artery under the cuff in a controlled manner and mechanical manometer to measure the pressure. The lower figure of diastolic pressure measures the minimum pressure exerted and the higher number of systolic pressure which measures the maximum pressure exerted on arteries and the heart muscle. The reading of the systolic pressure and diastolic pressure indicates how hard the human system is working. All physicians consider a patient's blood pressure while determining general health or diagnosing disease. Some of the key players profiled in the study are Koninklijke Philips (Netherlands), SunTech Medical (United States), American Diagnostic Corporation (United States), Welch Allyn, Inc. (United States), Panasonic Corporation (Japan), Schiller AG (Switzerland), Omron Healthcare (United States), GE Healthcare (United States), Contec Medical Systems Co. (China) and Rossmax International Ltd. (Taiwan).
On the basis of geography, the market of Blood Pressure Monitors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Wearable Watches will boost the Blood Pressure Monitors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing population of stress
- Technological advancements in products
- Growth of geriatric population
Market Trend
- Growing demand for ambulatory BP monitoring systems
- Increasing demand for home-based digital BP monitors
- Rise in number of companies with their innovative interventions
- Rising acceptance of wearable blood pressure monitors
Restraints
- Cuff placement can affect accuracy
- Lack of nocturnal recording
Opportunities
- Improvement of healthcare infrastructure in the emerging economies
Challenges
- Presence of high undiagnosed population
Major Market Developments:
November 8, 2018: SunTech Medical Introduces the Small Adult PLUS Blood Pressure Cuff and January 8th, 2019: Omron Healthcare officially launches HeartGuide™, the first wearable blood pressure monitor, with new digital health service, HeartAdvisor
The key players in the blood pressure monitoring devices industry have adopted product launch as their key developmental strategy to expand their market position. The industry players aim on innovative product launch and strategic alliances to extend their business portfolio as key tactics.
Target Audience:
Diagnostic Laboratories, Suppliers of blood pressure monitors, Wholesalers, distributers and retailers of blood pressure monitors and Healthcare Industry
Major Objectives Focused through this Study
To define, describe, and forecast the Global Blood Pressure Monitors market on the basis of product [Aneroid BP Monitors, Digital BP Monitors, Ambulatory BP Monitors and Blood Pressure Instrument Accessories] , application [Hospitals, Ambulatory Surgical centers, Clinics, Homecare Settings and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Blood Pressure Monitors market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Blood Pressure Monitors industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Microlife AG. (Switzerland), Beurer (Germany), Kinetik (United States), A&D Company (Japan) and IHealth (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Blood Pressure Monitors market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.