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ASEAN Blood Pressure Monitoring Devices Market Estimated to High Growth by 2025 with Key Players: A&D Company, Contec Medical Systems, Masimo, Omron Corporation

04-03-2019 06:59 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
ASEAN Blood Pressure Monitoring Devices Market

ASEAN Blood Pressure Monitoring Devices Market

According to Allied Market Research 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.

Blood pressure monitoring devices are used to monitor a patient’s 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.

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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, and easy to use, eliminate chances of human error and provide accurate results.

Key Market 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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Key Findings of the ASEAN Blood Pressure Monitoring Devices Market:

• Based on product, the digital BP monitors segment dominated the ASEAN blood pressure monitoring devices market in 2017 and is expected to maintain this trend during the forecast period.
• The ambulatory BP monitors segment is expected to register the highest CAGR of 6.9% (in terms of volume) from 2018 to 2025.
• Malaysia generated the highest revenue in the ASEAN blood pressure monitoring devices market in 2017, accounting for one-fourth of the market share.
• Indonesia is anticipated to experience rapid growth during the forecast period.

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.

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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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