Prevalence of Hypertension, Surge in Demand for Blood Pressure Monitoring Devices Market in ASIA with Leading Manufacturers

Blood pressure monitoring devices are used to monitor a patients blood pressure prior to or during patient care. BP monitoring devices automatically obtain and record the blood pressure at certain intervals, using the direct or indirect method of determining pressure. The advent of digital monitoring devices has enabled the patients to monitor their blood pressure precisely even at home, or at the site of medical emergency.

In addition, factors such as increase in geriatric population, rise in inclination toward home monitoring, and surge in prevalence of chronic diseases that include cardiovascular disorders and obesity, are expected to drive the market.Based on product, the digital BP monitors segment generated the highest revenue in 2017 and is expected to maintain this dominance throughout the forecast period. This is attributed to the fact that these devices are compact, convenient, easy to use, eliminate chances of human error and provide accurate results.

According to a new report published by Allied Market Research, titled,"ASEAN Blood Pressure Monitoring Devices Market by Product and Country: Opportunity Analysis and Industry Forecast, 2018 - 2025," the ASEAN blood pressure monitoring devices market was valued at $31.5 million in 2017 and is projected to reach $53.3 million by 2025, growing at a CAGR of 6.8% from 2018 to 2025. Based on product, the digital BP monitors accounted for half of the total market share in 2017.

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Malaysia was the leading revenue contributor to the ASEAN market in 2017, owing to increase in healthcare investments by leading manufacturers including Omron Corporation, GE Healthcare & others, and government initiatives toward spreading awareness in the country regarding hypertension. Indonesia is expected to witness the highest growth rate throughout the forecast period, due to increase in prevalence of cardiovascular diseases, hypertension, and obesity.

Analyst Review:

Blood pressure is one of the main risk factors for chronic heart diseases and strokes, which are the leading cause of death around the world. Rise in demand for blood pressure monitoring devices in home care settings and emergence of advanced technologies drive the market growth in ASEAN countries. Moreover, increase in sedentary lifestyles and surge in prevalence of hypertension in this region boost the growth of the blood pressure monitoring devices market in this region.

The blood pressure monitoring devices market has fueled the interest of healthcare professionals, owing to the recognition of risk factors such as stroke and heart attack, associated with high blood pressure, which can help physicians determine the severity of any disease. Moreover, the market is driven by growth in geriatric population and rise in prevalence of hypertension. Further, use of blood pressure monitoring devices is the highest in Malaysia followed by Thailand, due to high government expenditure on healthcare.

Top Key Players :

• A&D Company
• limited
• Contec Medical Systems Co. ltd.
• GE Healthcare
• Hill Rom Holdings Inc.
• Koninklijke Philips N.V.
• Masimo Corporation
• Nihon Kohden Corporation
• Omron Corporation
• Smiths Group Plc.
• Halma PLC.

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