Enjoy complimentary customisation on priority with our Enterprise License!
This market research report presents a detailed segmentation of the global blood pressure monitoring testing market by product (sphygmomanometers, automated and ambulatory blood pressure monitors, blood pressure transducers, and blood pressure monitor consumables), by end users (large hospitals, mid-sized hospitals, and other settings), and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are A&D Medical, GE, Omron, Philips, SunTech Medical, and Welch Allyn.
According to the blood pressure monitoring testing industry analysis, Technavio’s market research analyst predicts that the global blood pressure (BP) monitoring testing market will grow at a significant CAGR of over 7% during the forecast period. One of the primary drivers for this market is the rising preference of consumers for home healthcare monitoring. Recently, it has been observed that many people have started to suffer from chronic hypertension, which can be controlled with the help of drugs and a regulated lifestyle. People now prefer home healthcare to reduce hospital stays and associated costs. Consequently, most people have started using digital, portable, and easy-to-use blood pressure monitors as they can be used at home and are highly accurate. This recent increase in the number of people opting for portable devices to manage their condition better will lead to the growth of this market during the predicted period.
In this industry report, the analysts estimate factors like the increasing focus on preventive treatment to play a vital role in the adoption of BP monitoring devices during the estimated period. Hospitals and healthcare centers like other businesses have to lower their expenses without compromising on the quality of care. People with cardiovascular disorders can get diagnosed early and implement preventive treatment methods prescribed by healthcare providers. Based on the blood pressure monitoring testing market trends, BP monitors are reliable tools as they offer accurate results and are easy to use. The increased adoption of BP monitors and a focus on preventive care will boost growth in the global BP monitoring testing market until the end of 2020.
The sphygmomanometers segment was the largest in the global BP monitoring testing market with a market share of close to 54% in 2015. Increased awareness about the importance of managing BP levels will drive the demand for sphygmomanometer in hospitals and other settings.
The Americas dominated the global BP monitoring testing market in 2015 with a market share of over 43%. This area will experience significant growth due to an increase in obese and older populations who need treatment for cardiovascular problems. Technological advances and the easy availability of BP monitoring devices in this region have resulted in its increased acceptance and use by consumers.
The global BP monitoring testing market is highly fragmented due to the presence of several vendors and some niche suppliers. The market is also characterized by the presence of well-diversified international and local suppliers, with the global vendors occupying a dominant position. Many vendors adopt product bundling strategies and offer a combination of two or more products/services to augment product sales. However, these companies are losing market shares to medium- and small-sized suppliers who compete with them on the basis of price. In this market, the level of competition will intensify with the introduction of technological innovations and product extensions.
Key vendors in the market are
Other vendors in the market include American Diagnostic, Beurer, Bosch + Sohn, Briggs Healthcare, ChoiceMMed, CITIZEN SYSTEMS JAPAN, CONTEC MEDICAL SYSTEMS, Erka, Geratherm Medial, HONSUN, Medtronic, Masimo, Microlife, Nihon Kohden, Norditalia Group, Riester, Rossmax International, Schiller, Shenzhen Mindray Bio-Medical Electronics, Spacelabs Healthcare, Suzuken, Truly Healthcare, Vasomedical, and Withings.
Technavio also provides customized reports based on the specific requirements of our clients.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Blood pressure monitoring: An overview
PART 06: Market landscape
PART 07: Market segmentation by product
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor profiles
PART 17: Appendix
PART 18: Explore Technavio
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.