Blood Pressure Monitoring Devices Market is expected to grow at a CAGR of 5.7% | Key players are A&D Company Limited, Contec Medical Systems Co. Ltd., General Electric Company, Halma plc, Hill-Rom Holdings.

Blood Pressure Monitoring Devices Market Report, published by Allied Market Research, projects that the global market was valued at $1,981 million in 2015, and is estimated to reach $2,926 million by 2022, registering a CAGR of 5.7% from 2016 to 2022. Digital blood pressure monitoring devices segment held around two-fifths share of the total market in 2015.

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Blood pressure is considered as one of the main risk factors for chronic heart disease. Advanced blood pressure monitoring devices are used for regular remote monitoring and transmission of the blood pressure data to the physicians. Factors such as an increase in geriatric population, a rise in inclination towards home monitoring, an upsurge in the incidence rate of chronic diseases, such as cardiovascular disorders and obesity, are expected to drive the market.

Moreover, innovations in blood pressure monitoring devices, (such as the introduction of digital blood pressure monitors) and rise in awareness among patients regarding advanced devices are expected to fuel the market growth. However, lack of awareness about these devices in low- and middle-income economies hampers the market growth.

Digital blood pressure monitoring devices segment is anticipated to dominate the global blood pressure monitoring devices market owing to the increase in the global incidence of hypertension. However, ambulatory blood pressure monitors segment is projected to be the fastest growing segment, as a result of the increase in the outpatient cases and reimbursement support from the government.

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Digital BP monitors at hospitals & clinics segment are expected to dominate the global blood pressure monitoring devices market, as these devices facilitate easy and early detection of a patient deteriorating health condition, thereby, enabling speedy intervention and diagnosis of diseases. However, the ambulatory BP monitoring devices at ambulatory surgical centers (ASCs) market is projected to be the fastest growing segment, owing to an increase in the number of outpatient cases.

North America was the highest revenue contributor to the global revenue in 2015, accounting for about two-fifths share, and is expected to maintain this trend. This is attributed to the increase in the prevalence of hypertension, growth in awareness among patients about cost-effective blood pressure monitoring devices, and the availability of advanced healthcare facilities in North American countries. However, Asia-Pacific is expected to grow at the highest rate, owing to its high population base, incomes, and improvement in patient awareness about advanced blood pressure monitoring devices.

Key Findings of the Blood Pressure Monitoring Devices Market Study:
• Based on product type, in 2015, digital blood pressure monitoring devices segment accounted for around two-fifths share of the total market.
• Home environment segment is expected to grow at a significant CAGR of 6.5%, as these devices can be easily used by a patient and do not require trained professionals for operating the device.
• LAMEA is projected to be one of the fastest growing regions, owing to the presence of ample growth opportunities in terms of unmet medical needs for the treatment of hypertension, and increased the disposable income of the population.
• In 2015, Japan and China jointly accounted for about two-thirds share of the Asia-Pacific blood pressure monitoring devices market.

Key players in the global blood pressure monitoring devices market include A&D Company, Limited, Contec Medical Systems Co., Ltd., General Electric Company, Halma plc, Hill-Rom Holdings, Inc., Koninklijke Philips N.V., Masimo Corporation, Nihon Kohden Corporation, Omron Corporation, and Smiths Group Plc.

3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. KEY FINDINGS

3.2.1. Top winning strategies

3.2.2. Top investment pockets

3.2.3. Top player positioning

3.2.4. Market Dynamics

3.2.4.1. Drivers

3.2.4.1.1. Increase in geriatric population
3.2.4.1.2. Technological advancements
3.2.4.1.3. The rise in the prevalence of hypertension
3.2.4.1.4. The rise in demand for portable monitoring devices

3.2.4.2. Restraint
3.2.4.2.1. Lack of awareness in developing countries

3.2.4.3. Opportunities

3.2.4.3.1. Increase in healthcare expenditure in emerging economies
3.2.4.3.2. Proactive monitoring

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