Ambulatory Blood Pressure Monitoring (ABPM) Devices Market is fueling the Global Value (2018 - 2025)
The ABPM Patient Monitor is a medical device used to measure exogenous blood pressure. This device is designed to avoid the effects of hypertension in the bag, thus providing accurate sleep blood pressure readings.
Key findings of the Global Ambulatory Blood Pressure Monitoring (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 Ambulatory Blood Pressure Monitoring (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.
Key factors driving the growth of the global ABPM patient monitor market include hypertension due to obesity, cardiovascular disease and diabetes that can lead to hypertension. In addition, increased elderly population, increased demand for non-invasive devices for blood pressure measurements, and shift from doctors to patients - however, lack of awareness in ABPM monitors and developing countries is expected to limit market growth. Conversely, the high market potential of emerging markets such as China and India and the rising spending of healthcare in developing countries are expected to provide a better opportunity for market participants.
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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.
Ambulatory Blood Pressure Monitoring (ABPM) Devices Market Segment review:
Arm ABPM devices segment accounted for the largest market share in 2017 and is expected to continue the trend throughout the forecast period. It is a small digital blood pressure measuring device, which is attached to a belt around the patient’s body and is connected to a cuff around the upper arm. It can be carried anywhere, anytime and also can be used during sleep. The factors such as high availability of arm ABPM monitors, accuracy of these devices, and high adoption of these devices drive the market growth for arm ABPM monitors. In addition, growth in healthcare expenditure, rise in awareness about ABPM, and availability of newer and advanced arm ABPM devices further boost the market growth in the near future.
Ambulatory Blood Pressure Monitoring (ABPM) Devices Market Geographic Review:
Based on region, the global market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America held the largest share of the market in 2017, followed by Europe. On the other hand, Asia is anticipated to be the fastest-growing regional segment during the analysis period. The key factors that drive the growth of this market include increase in pool of patient population, rise in prevalence of different types of diseases such as diabetes and cardiovascular diseases, and high adoption of non-invasive methods for measuring blood pressure. Asia-Pacific is expected to emerge as the area with maximum growth potential due to focus of key players in the emerging economies and improving healthcare infrastructure.
Snapshot of LAMEA Ambulatory Blood Pressure Monitoring (ABPM) Devices Market:
Rise in focus of market vendors on emerging markets, namely, Asia-Pacific and LAMEA, is expected to boost the market growth. According to a study in June 2017, by Wits University, scientists revealed that South Africa has the highest prevalence of hypertension in Southern Africa. Moreover, they estimated that there is 15% prevalence of hypertension in the west of Southern Africa and 25% in the east of Southern Africa. Hence, people in these areas are prone to encounter hypertension during their lifetime. Thus, LAMEA offers a huge customer base to the manufacturers of the ABPM devices market.
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