New Study: Ambulatory Blood Pressure Monitoring (ABPM) Devices Market Value to Show $128 Mn by 2023 - Allied Market Research

"Focusing on sensing hypertension to develop high-value devices such as wrist ABPM devices and various high-end monitors that can be connected to mobile phones has a significant impact on market growth."

A new report "ABPM Devices Market, by Product and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023", published by Allied Market Research. The global ABPM devices market was valued at $78 million in 2016, and is projected to reach $ 128 million at a CAGR of 7.2% from 2017 to 2023.

The ABPM Patient Monitor is used to measure exogenous blood pressure. This device is designed to avoid the effects of white blood pressure, providing accurate sleep blood pressure readings.

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A key driver of growth for global ABPM patient monitors is the number of hypertension cases caused by obesity, cardiovascular disease and diabetes that can lead to hypertension. Increased elderly population, increased demand for non-invasive devices to measure blood pressure, and shift from doctors-centered to patient-centered models also stimulate market growth. However, lack of awareness of ABPM monitors and developing countries is expected to curb market growth. On the contrary, increased health spending in developing countries and enormous market potential in emerging markets such as China and India are expected to provide a better opportunity for market participants.

The ABPM device sector accounted for the largest share in 2016 due to the high availability, applicability and availability of this device for walker BP. It is expected to continue to dominate during the forecast period. However, the wrist ABPM device segment is expected to grow at the highest CAGR in 2017-2023.

The utilization rate of ambulatory surgical centers segment is expected to grow at a CAGR of 8.5% during the forecast period. This is attributed to increase in incidence of hypertension, which results in adoption of blood pressure measuring devices.

Key Findings of the ABPM Devices Market:

• Arm ABPM devices segment accounted for more than two-thirds share of the global ABPM devices market in 2016
• Hospitals segment accounted for more than two-fifths share of the global ABPM devices market in 2023
• Ambulatory surgical centers segment accounted for around one-fourth share of the global ABPM devices market in 2016
• Asia-Pacific accounted for around one-fifth share of the global ABPM devices market in 2016
North America was the leading revenue contributor to the global ABPM devices market, accounting for nearly one-third of the global market. This is attributed to the early approval of ABPM devices and high use of these devices due to rise in incidence of hypertension. However, Asia-Pacific is expected to grow at the highest CAGR of 9.5% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward ambulatory blood pressure.

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