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Ambulatory Blood Pressure Monitoring (ABPM) Devices Market Trends, Global Industry & Leading Players SunTech Medical, Schiller AG, Bosch & Sohn GmbH & Co. KG, Contec Inc

08-24-2022 02:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: QUINCE MARKET INSIGHTS

Ambulatory Blood Pressure Monitoring (ABPM) Devices Market

Ambulatory Blood Pressure Monitoring (ABPM) Devices Market

Global Ambulatory Blood Pressure Monitoring (ABPM) Devices Market to Grow Rapidly due to Increasing Application in Healthcare
Ambulatory Blood Pressure Monitoring (ABPM) is a portable handheld device that is commonly used for day-to-day, real-time blood pressure measurements. It is sold in two forms, type of wrist and type of arm and is typically used to assess real changes in blood pressure at regular intervals in a day during everyday activities. Physicians obtain valuable data from the data that these instruments produce. In addition, ABPM devices remove the white coat impact caused during clinical BP or in-hospital testing.

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The increase in blood pressure affects more than 1.13 billion people worldwide, according to the WHO. The rising number of high blood pressure patients indicates lucrative growth opportunities for devices worldwide that monitor blood pressure. It is anticipated that longer processing times for care and the growing number of hospital visits for blood pressure measurement would stimulate the growth of the demand for outpatient blood pressure monitoring devices over the forecast period for home-based blood pressure monitoring devices.

One of the influential factors anticipated to boost the demand for outpatient blood pressure control devices is the rise in the geriatric population. According to the World Health Organization (WHO), by 2050, the global geriatric population is projected to reach approximately 2 billion (22% of the world's population), compared with 617 million in 2015. Hypertension (HTN), especially in patients with diabetes mellitus and obesity, is a major risk factor for cardiovascular morbidity and mortality. Another factor that is expected to propel the global demand for ambulatory blood pressure control devices is the rise in the prevalence of hypertension.

It is also expected that the change of the health care system from a doctor-centered to a patient-centered model would increase the demand. In addition, manufacturers are based on technologically advanced, high-volume, low-value device innovation. This is also expected to boost the market for global outpatient blood pressure control systems. However, during the forecast period, high prices for outpatient blood pressure monitoring devices and a lack of knowledge of devices in developed countries are expected to hamper global outpatient blood pressure monitoring devices.

Global Ambulatory Blood Pressure Monitoring (ABPM) Devices Market Market Competitive Landscape

The comparative analysis section is one of the most important aspects of the market research report which covered many points that include strategic profiling of the key players within the market, analysing core competencies of the key players, and draws a competitive landscape for the market. Not only this but also the report offers information into the sustainability initiative as well as the revenue growth. It also contains information related to the complete and distinct analyses of the ambulatory blood pressure monitoring (ABPM) devices market drivers and restraints, a detailed analysis of the market segmentation, key developments within the market.

Major Companies: 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, BPL Group.

Key Market Segmentation

The ambulatory blood pressure monitoring (ABPM) devices market research report is segmented by region, company, type as well as application. The stakeholders, players and various other participants in the ambulatory blood pressure monitoring (ABPM) devices market will be able to gain the upper hand because they make use of the report as a powerful tool. Not only but also the segment analysis section focuses on the revenue and the forecast by type, application and regions for the given timeframe.
by product (arm devices, wrist devices), by end user (hospitals, ambulatory surgical centers, others)

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Growth Drivers that Support the Global Ambulatory Blood Pressure Monitoring (ABPM) Devices Market:

• The global market for outpatient blood pressure monitoring devices can be segmented into outpatient surgical centers, home care settings, hospitals, and others in terms of end users. Owing to an increase in government measures to improve healthcare facilities in order to provide a better patient-centered care system, the hospital segment is projected to grow at a substantial CAGR.

• Due to the high health care expenditure in countries in the area, North America is a leading region in the market for outpatient blood pressure monitoring devices. In addition, an increase in patient preference for digitally and technologically advanced blood pressure monitoring devices to drive outpatient blood pressure monitoring devices in North America is projected.

• Due to high disposable incomes and the good health policies of the countries in the region, Europe is a prominent business region. Due to the emerging trend of preventive health care, the demand in Asia Pacific is expected to grow at a rapid rate.

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