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Digital Blood Pressure Market Industry 2019 Fortune Business Insights is a professional and in-depth study on the market size, growth, share, trends, as well as industry analysis.
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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.
Inactive Lifestyle to Cause Cardiovascular Problems Fueling Demand for Digital BP Monitors
Various factors are propelling the use of blood pressure monitors worldwide. One among them is the change in lifestyle and unhealthy food habits of people, that increases the risk of cardiovascular problems. The increasing demand for automated machines and digital readout monitors, , owing to their easy handling, is also supporting the growth of the market. This will further propel the growth of the market for blood pressure monitoring in the years to come.
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In the coming years, the digital BP monitors market will significantly gain from several innovations. For instance, the implementation of the Internet of Things (IoT) in the medical sector has created new opportunities for smart healthcare devices. This will, in turn, enable the digital blood pressure monitors market to gain momentum in the coming years.
Omron Healthcare to Emerge as Leading Market Player
The rising practice of sedentary lifestyle in emerging nations of Asia Pacific is a major factor spurring the incidence of cardiovascular diseases. This is a chief driver of the digital blood pressure monitors in China and India. Additionally, the presence of a large number of players in the U.S. and Canada has helped the market in North America to emerge dominant. In 2017, the North America market was valued at US$ 415.2 Mn.
This is also attributable to the improvements in the domestic level distribution of blood pressure monitors in the region. The prevalence of cardiovascular diseases and the introduction of smart health monitors will help the Asia Pacific emerge as the fastest growing region.
Market players are investing huge sums in research and development activities in order to introduce innovative blood pressure monitors. An analyst at Fortune Business Insights foretells Omron Healthcare to lead the market on account of its widespread geographical reach.
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