Blood Pressure Monitoring Devices Market in ASEAN To See Record Break Revenue $53.3 Million By 2025 | GE Healthcare, Hill Rom Holdings, Inc

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Blood pressure monitoring devices are used to monitor a patients blood pressure prior to or during patient care. BP monitoring devices automatically obtain and record the blood pressure at certain intervals, using the direct or indirect method of determining pressure. The advent of digital monitoring devices has enabled the patients to monitor their blood pressure precisely even at home, or at the site of medical emergency.

The ASEAN blood pressure monitoring devices market was valued at $31.5 million in 2017 and is projected to reach $53.3 million by 2025, growing at a CAGR of 6.8% from 2018 to 2025. Based on product, the digital BP monitors accounted for half of the total market share in 2017.

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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.

In addition, factors such as increase in geriatric population, rise in inclination toward home monitoring, and surge in prevalence of chronic diseases that include cardiovascular disorders and obesity, are expected to drive the market.

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Based on product, the digital BP monitors segment generated the highest revenue in 2017 and is expected to maintain this dominance throughout the forecast period. This is attributed to the fact that these devices are compact, convenient, easy to use, eliminate chances of human error and provide accurate results.

Malaysia was the leading revenue contributor to the ASEAN market in 2017, owing to increase in healthcare investments by leading manufacturers including Omron Corporation, GE Healthcare & others, and government initiatives toward spreading awareness in the country regarding hypertension. Indonesia is expected to witness the highest growth rate throughout the forecast period, due to increase in prevalence of cardiovascular diseases, hypertension, and obesity.

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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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