Press release
Digital Blood Pressure Monitors Market Is Expected to Grasp US$ 2,074.6 Mn by 2025, at a CAGR Of 9.1% Says Allied Market Research
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https://www.fortunebusinessinsights.com/industry-reports/digital-blood-pressure-monitors-market-100066
Key players leading the Global Digital Blood Pressure Monitors Market include
• Omron Healthcare
• American Diagnostic Corporation
• Welch Allyn
• Koninklijke
• Philips N.V.
• Nihon Kohden Corporation
• GE Healthcare
• Smiths Group
• Masimo Corporation
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Key Industry Developments
• In July 2019, Withings launched iPhone-connected blood pressure monitors BPM Core and BPM Connect which provides accurate measurements of heart rate and systolic & diastolic blood pressure.
• In January 2019, Omron Healthcare, Inc., announced the launch of HEARTGUIDE, the first wearable blood pressure monitor along with mobile application HeartAdvisor.
The demand for fast and reliable digital BP monitors suitable for homecare setting is buoying growth in home blood pressure monitors segment. People are more prone to use such devices in the convenience of their homes. These monitors do not require the presence of a physician, which is a key factor fueling the demand for home blood pressure monitors in the market.
In 2017, the home blood pressure monitors segment accounted for 64.3% share in the global market. The rise in the prevalence of cardiovascular diseases is a major factor increasing the demand for blood pressure monitors worldwide.
Besides this, the introduction of cost-effective and technologically advanced blood pressure monitors by major manufacturers will aid the expansion of the Digital Blood Pressure Monitors Market in future. Among various innovative types of blood pressure monitors, the blood pressure monitor watch or wrist type monitors are gaining popularity and will continue to do so with the advent of smart wearables.
The hospital segment is anticipated to lead among end users in terms of revenue through 2025. This is because of the need for monitoring blood pressure continuously while performing any surgery. Again, the homecare segment will grow at a significant rate as the monitors covered in this segment ensure high precision and improved accuracy. Fortune Business Insights forecasts the homecare setting blood pressure monitors to exhibit the fastest CAGR of 12.0% by the end of the forecast period.
Segmentation
By Product Type
· Arm Type
· Wrist Type
By End User
· Hospitals
· Ambulatory Surgical Centers & Clinics
· Homecare Settings
· Others
By Geography
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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