Blood Pressure Monitoring Devices Market in ASEAN to growing at CAGR of 6.8% by 2025, Top Companies: GE Healthcare, Halma PLC

Increase in geriatric population, rise in inclination towards home monitoring, sedentary lifestyles, emergence of advanced technologies, and surge in prevalence rate of chronic diseases, such as cardiovascular disorders and obesity are likely to drive the growth of the market

The ASEAN BP monitoring devices market was valued at $31.51 billion in 2017 and is estimated to reach $53.28 billion by 2025, registering a CAGR of 6.8% from 2018 to 2025.

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COVID-19 scenario-

1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

However, lack of awareness regarding hypertension among patients in ASEAN countries would hamper the growth of the market. On the other hand, growing demand for advanced devices that can identify hypertension symptoms and need to introduce wireless Bluetooth monitors would provide lucrative opportunities to the market in future.

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Digital BP monitors segment to dominate, ambulatory BP monitors to register fastest growth

Among product types, digital BP monitors segment accrued the largest market share in 2017, contributing nearly half of the total market revenue. The segment is projected to remain dominant throughout the forecast period because digital BP monitors are compact, easy to use, and eliminate chances of human error. However, ambulatory BP monitors segment is expected to register the fastest CAGR of 8.6% during the forecast period because ambulatory blood pressure monitoring devices are easy-to-use, provide accurate sleep blood pressure readings, prevent the effects of white coat hypertension, and facilitates tailor drug therapy regimes. Furthermore, aneroid BP monitors segment is expected to witness steady growth during the study period.

Malaysia to dominate the global market by 2025

In 2017, the BP monitoring market in Malaysia registered the highest market share of 25%. It is anticipated to maintain this trend through 2025 due to the presence of well-established healthcare infrastructure in the region and increase in adoption of digital BP monitors across healthcare settings for rapid and accurate results. However, the Indonesian market is projected to grow at the fastest CAGR of 7.8% during the forecast period owing to increasing incidence of hypertension, cardiovascular diseases, and obesity in this region. The report also analyzes the BP monitoring market in several countries including Thailand, Philippines, Vietnam, among other ASEAN countries.

To know more about the report, visit the website at @ https://www.alliedmarketresearch.com/asean-blood-pressure-monitoring-devices-market

The Major Key Players Are:

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., and Halma PLC.

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