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Global Blood Pressure Monitors Market Share, Size, Analysis, Growth, Forecast: By Product: Sphygmomanometer, Automated BP Monitors, Ambulatory BP Monitors; By End User: Hospitals and Clinics, Home Healthcare, Others; Regional Analysis; Market Dynamics: Market Drivers and Constraints, SWOT Analysis; Supplier Landscape; 2023-2031
Global Blood Pressure Monitors Market Outlook
The global blood pressure monitors market size attained a value of USD 1.67 billion in 2022. The major market drivers include the rising incidences of hypertension, the rising awareness regarding blood pressure monitor devices, and increasing investments in healthcare. The market is anticipated to grow at a CAGR of 7.1% during the forecast period of 2023-2031 to attain a value of USD 3.10 billion by 2031.
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North America Holds a Substantial Share of the Global Market for Blood Pressure Monitors
North America has registered substantial growth in the market for blood pressure monitors owing to the increasing prevalence of high blood pressure and hypertension among the people, along with changing eating and living habits of people. The United States has witnessed major demand for blood pressure monitors due to the high prevalence of hypertension among people, ranging from youngsters to older generation, along with the uncontrolled rate of high blood pressure, which is supporting the growth of blood pressure monitors market in the country. Furthermore, the robust healthcare infrastructure and surging investments in the development of effective and precise BP monitors are driving the market in the region.
The Asia Pacific region is projected to witness significant growth in the market for blood pressure monitors on account of the rising awareness as well as the prevalence of hypertension in the region. The introduction of various favourable government initiatives toward hypertension management such as “The HOPE Asia Network” is likely to support the growth of blood pressure monitors market in the region over the forecast period.
Market Segmentation
A blood pressure monitor refers to a device that is used to measure the accurate blood pressure of an individual and contains an inflatable cuff, air pressure sensor, and a pump. It aids in the management of blood pressure at home to prevent health complications related to hypertension. It is easy to use and reduces healthcare expenditure.
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Based on product, the market for blood pressure monitors, is divided into:
- Sphygmomanometer
- Mercury
- Aneroid
- Digital
- Automated BP Monitors
- Ambulatory BP Monitors
By end-use, the market is segmented into:
- Hospitals and Clinics
- Home Healthcare
- Others
The EMR report looks into the regional markets of blood pressure monitors like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Rise in Healthcare Expenditure Likely to Boost the Market Growth of Blood Pressure Monitors
An upsurge in the incidence of chronic disease, along with the growing geriatric population, is anticipated to bolster the market growth in the forecast period. The rising healthcare investment in developing and developed countries and escalating demand for proactive monitoring are likely to propel the market growth of blood pressure monitors over the coming years.
Sphygmomanometer Segment to Hold Significant Market Share for Blood Pressure Monitors
The sphygmomanometer segment has registered substantial demand in the market for blood pressure monitors due to technological advancements and new product launches. Moreover, favourable features like accuracy, design, quality, cuff size, convenience, portability, and affordability are likely to fuel the demand for sphygmomanometers in the overall blood pressure monitors market over the forecast period.
Key Players in the Global Market for Blood Pressure Monitors
The report presents a detailed analysis of the following key players in the global blood pressure monitors market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Hill-Rom Holdings, Inc.
- OMRON Corporation
- Masimo Corporation
- Nihon Kohden Corporation
- Beurer GmbH
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Blood Pressure Monitors Market Overview
3.1 Global Blood Pressure Monitors Market Historical Value (2016-2022)
3.2 Global Blood Pressure Monitors Market Forecast Value (2023-2031)
4 Global Blood Pressure Monitors Market Landscape
4.1 Global Blood Pressure Monitors Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Blood Pressure Monitors Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by End User
5 Global Blood Pressure Monitors Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Blood Pressure Monitors Market Segmentation
6.1 Global Blood Pressure Monitors Market by Product
6.1.1 Market Overview
6.1.2 Sphygmomanometer
6.1.2.1 Mercury
6.1.2.2 Aneroid
6.1.2.3 Digital
6.1.3 Automated BP Monitors
6.1.4 Ambulatory BP Monitors
6.2 Global Blood Pressure Monitors Market by End User
6.2.1 Market Overview
6.2.2 Hospitals and Clinics
6.2.3 Home Healthcare
6.2.4 Others
6.3 Global Blood Pressure Monitors Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Blood Pressure Monitors Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Blood Pressure Monitors Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Blood Pressure Monitors Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Blood Pressure Monitors Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Blood Pressure Monitors Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Koninklijke Philips N.V.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 HILL-ROM HOLDINGS, INC.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Omron Healthcare, Inc.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Masimo
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Nihon Kohden Corporation
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 GE Healthcare (General Electric Company)
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Beurer GmbH
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 American Diagnostic Corporation
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 SunTech Medical, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Others
18 Global Blood Pressure Monitors Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The global blood pressure monitor market attained a value of USD 1.67 billion in 2022.
The market is projected to expand at a CAGR of 7.1% from 2022 to 2031, growing to USD 3.10 billion by 2031.
The major market drivers include the rising incidences of hypertension, the rising awareness regarding blood pressure monitor devices, and increasing investments in healthcare.
The key trends guiding the growth of the market include technological advancements, changing lifestyles, and the rising use of sphygmomanometers.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various products of blood pressure monitors include sphygmomanometers, automated BP monitors, and ambulatory BP monitors.
The major end-uses of blood pressure monitors include hospitals and clinics, and home healthcare, among others.
The major players in the market are Hill-Rom Holdings, Inc., OMRON Corporation, Masimo Corporation, Nihon Kohden Corporation, and Beurer GmbH, among others.
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