Global Sphygmomanometers Market Expected to Witness a Sustainable Growth over 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Sphygmomanometers market.

Sphygmomanometers market. Sphygmomanometer, also called blood pressure meter, blood pressure monitor, or blood pressure gauge, is an instrument for measuring arterial blood pressure.

The Sphygmomanometers industry concentration is relatively high; there are many big manufacturers in the world, and above 80% are produced in China.

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Global Sphygmomanometers Market: Forecast by Type / Application / Region

The key consumption markets locate at developed countries. The Europe takes the market share of 24.7%, followed by China with 23.35%. We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

In the international market, the marketing channels characteristic differ from company to company.

The international leading companies prefer taking own sales department to expand market. The giant companies are more likely to set their own big agents in some major countries and regions taking charge of regional business building their international market position.

Companies in developing countries such as China, in contrast, put more effort on direct selling business. They can act as exports at the same time, and it is a common phenomenon in this industry. At the same time, they take a lot of OEM and ODM order.

Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the giant companies prefer educating the market of them.

Over the next five years, LPI(LP Information) projects that Sphygmomanometers will register a 7.5% CAGR in terms of revenue, reach US$ 2740 million by 2023, from US$ 1910 million in 2017.

Global Sphygmomanometers Market: Key Players
Omron
A&D Medical
Yuwell
Andon
Microlife
Health & Life
Rossmax
SunTech Medical
Welch Allyn
American Diagnostic
Beurer
Bosch + Sohn
Briggs Healthcare
Medisana
Citizen

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Related Information:
United States Sphygmomanometers Market Research Report 2018
Europe Sphygmomanometers Market Research Report 2018
North America Sphygmomanometers Market Research Report 2018
Asia-Pacific Sphygmomanometers Market Research Report 2018
China Sphygmomanometers Market Research Report 2018
EMEA Sphygmomanometers Market Research Report 2018
Global Sphygmomanometers Market Research Report 2018

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