Blood Pressure Monitoring Device Market Towering At A Great Speed To Reach USD 3.25 Billion By 2021

Blood Pressure Monitoring Device Market Some of the major players in blood pressure monitoring device market include General Electric Company, Contec Medical Systems, Halma, Koninklijke Philips, Omron, Smiths Medical, American Diagnostic, Welch Allyn, Rossmax International, Spacelabs Healthcare, and Microlife. The industry players aim on innovative product launch and strategic alliances to extend their business portfolio as main tactics. For example, recently Halma purchased SunTech medical group, a provider of hyper tension monitoring products and technologies. The acquirement expanded Halma’s services in the global blood pressure monitoring device market.

As per analysts at Zion Market Research, the global blood pressure monitoring device market added up for almost USD 2.15 Billion in 2015 and is likely to cross almost USD 3.25 Billion by end of 2021, developing at a CAGR of almost 7.5% from 2016 to 2021.

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Elevated Preventive Care Of The Obese And Geriatric Population Towering The Blood Pressure Monitoring Device Market

The major factor accountable for the development of blood pressure monitoring device market is elevated preventive care of the obese and geriatric population, as per analysts at Zion Market Research. Apart from this, emerging techs for automation in blood pressure monitoring is majorly adding to the development of blood pressure monitoring device market. However, low accuracy rate and high cost of devices are impacting the development of blood pressure monitoring device market.

On the other hand, increasing prevalence of chronic disease, untapped market, and support by governments is likely to create new avenues in the years to come period for blood pressure monitoring device market.

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Manometers And Blood Pressure Cuffs Segment To Rule The Blood Pressure Monitoring Device Market In The Forecast Period

Based on accessory type, the blood pressure monitoring device market is divided as manometers, blood pressure cuffs, and valves & bladders. Owing to elevated demand of manometers and blood pressure cuffs, both the segments are dominating the blood pressure monitoring device market and it is likely to remain stay in the leading spot in the years to come.

Based on the end user, the blood pressure monitoring device market is classified as home care, hospitals, and diagnostics laboratory. Due to rising geriatric population, preventive care has been elevated, making the homecare division a dominant segment of the blood pressure monitoring device market.

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New Emerging Technologies And Rising Geriatric Population To Sustain The Growth Of Blood Pressure Monitoring Device Market In North America

Area-wise, the blood pressure monitoring device market is bifurcated as Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. North America in 2015 ruled blood pressure monitoring device market with over 42% share of the market. As a result of new emerging technologies and rising geriatric population, North America is likely to stay in the top position in the years to come in blood pressure monitoring device market. Asia Pacific is the quickest developing region and it is likely to exhibit perceptible development in the blood pressure monitoring device market in the near future.

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The global blood pressure monitoring device market is segmented as follows:

By Device Type Mercury-Based Blood Pressure Monitor Mercury sphygmomanometer

Aneroid sphygmomanometers

Digital Blood Pressure Monitor Arm-type

Wrist-type

Finger-type

By Accessory Type Blood Pressure Cuffs

Manometers

Valves and Bladders

As one of the lead news writers at industry news today, Hiren’s specialization lies in the science, technology, Health & business domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Hiren’s take on the impact of digital technologies across the technology, health

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