Press release
Ambulatory Blood Pressure Monitoring (ABPM) Devices Market Value to hit $142 million by 2025 | Welch Allyn, Inc., SunTech Medical
Ambulatory Blood Pressure Monitoring (ABPM) Devices Market
According to the research report published by Allied Market Research, the global ABPM devices market is expected to register a CAGR of 6.7% from 2018 to 2025. The research includes changing market dynamics, top impacting factors, key investment pockets, value chain, and competitive scenario. Through tabular and graphical representation, the report offers key insights on different aspects of the market such as current market size and estimations, region-wise analysis, and opportunities. Porter’s Five Forces analysis has been mentioned in the report to outline competitive intensity. The report is a helpful source of information to unlock potential from emerging countries and expand businesses to gain international presence.
ABPM patient monitors are medical devices used to measure ambulatory blood pressure. These devices are designed to avoid the effects of white coat hypertension, hence provide accurate sleep blood pressure readings.
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The major factors that drive the growth of the global ABPM patient monitors market include rise in number of hypertension cases due to obesity, cardiovascular diseases, and diabetes that may lead to high blood pressure. Moreover, increase in geriatric population, growth in demand of non-invasive devices for measuring blood pressure, and transformation from physician-centered to the patient-centered model fuel the market growth. However, expensive ABPM monitors and lack of awareness in the developing regions are expected to restrain the market growth. Conversely, high market potential in the emerging markets, such as China and India, and increase in healthcare expenditure in the developing countries are expected to provide lucrative opportunities to the market players.
The arm ABPM devices segment occupied the largest share in 2017 due to the high usage, applicability, and availability of these devices for measuring ambulatory blood pressure. It is anticipated to continue its dominance during the forecast period. However, the wrist ABPM devices segment is expected to grow at the highest CAGR from 2018 to 2025.
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.
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North America was the leading revenue contributor to the global ABPM devices market, accounting for nearly one-third of the global market. This is attributed to the early approval of ABPM devices and high use of these devices due to rise in incidence of hypertension. However, Asia-Pacific is expected to grow at the highest CAGR of 8.3% during the study period due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward ambulatory blood pressure.
The Major Key Players Are:
Spacelabs Healthcare, Inc., Welch Allyn, Inc., SunTech Medical, Schiller AG, Bosch & Sohn GmbH & Co. KG, Contec Inc. (Parent Company: DAIFUKU CO., LTD.), GE Company, Rudolf Riester GmbH, Vaso Corporation, and BPL Group.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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