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Ambulatory Blood Pressure Monitoring (ABPM) Devices Market Targets $142 Million by 2025

02-22-2019 07:29 PM CET | Health & Medicine

Press release from: Allied Market Research

ABPM Devices Market

ABPM Devices Market

Ambulatory blood pressure monitoring (ABPM) devices are medical devices used to measure blood pressure at regular intervals, even while the patient is asleep. ABPM patient monitors are non-invasive instruments used for measuring blood pressure and can be carried over the patient for 24 hours in their own environment. ABPM monitors read the pulse rate to calculate the blood pressure and can be worn either at arms or wrist.

The global ambulatory blood pressure monitoring (ABPM) devices market was valued at $84 million in 2017, and is projected to reach $142 million at a CAGR of 6.7% from 2018 to 2025.

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The market is driven majorly due to rise in number of hypertension cases, owing to increase in prevalence of diabetes, obesity, and cardiovascular diseases. Moreover, growth in geriatric population, increase in demand for non-invasive method of measuring blood pressure, and transformation from physician-centered to the patient-centered model are some of the factors that increase the demand for the global ABPM devices market. However, high cost of ABPM devices and lack of awareness about ambulatory blood pressure in emerging countries are expected to hamper the growth of the global market. Conversely, rise in healthcare infrastructure and increase in healthcare expenditure in emerging countries are anticipated to provide lucrative opportunities for the market expansion during the forecast period.

The major factors that drive the growth of the global ABPM patient monitors market include rise in number of hypertension cases due to obesity, cardiovascular diseases, and diabetes that may lead to high blood pressure. Moreover, increase in geriatric population, growth in demand of non-invasive devices for measuring blood pressure, and transformation from physician-centered to the patient-centered model fuel the market growth. However, expensive ABPM monitors and lack of awareness in the developing regions are expected to restrain the market growth. Conversely, high market potential in the emerging markets, such as China and India, and increase in healthcare expenditure in the developing countries are expected to provide lucrative opportunities to the market players.

The arm ABPM devices segment occupied the largest share in 2017 due to the high usage, applicability, and availability of these devices for measuring ambulatory blood pressure. It is anticipated to continue its dominance during the forecast period. However, the wrist ABPM devices segment is expected to grow at the highest CAGR from 2018 to 2025.

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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 2017.
• Hospitals segment accounted for more than two-fifths share of the global ABPM devices market in 2025.
• Ambulatory surgical centers segment accounted for around one-fourth share of the global ABPM devices market in 2017.
• Asia-Pacific accounted for around one-fifth share of the global ABPM devices market in 2017.

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 8.3% during the study period due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward ambulatory blood pressure.

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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