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Sphygmomanometer Market Growth Analysis, Trends, Share, Market Size And Forecast To 2033
Sphygmomanometer Market Overview
As per the report, the sphygmomanometer market size has grown strongly in recent years. It will grow from $2.8 billion in 2023 to $3.06 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The sphygmomanometer market size is expected to see strong growth in the next few years. It will grow to $4.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
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Rising Prevalence Of Chronic Illnesses Fueling Growth In The Sphygmomanometer Market
The increasing prevalence of chronic illnesses such as diabetes, hypertension, and ischemic heart disease is expected to propel the growth of the sphygmomanometer market going forward. Chronic illnesses are long-lasting medical conditions requiring ongoing management and medical care. Sphygmomanometers are used to manage chronic illnesses and can be used to diagnose, monitor other cardiovascular conditions, and identify secondary causes of hypertension, such as renal artery stenosis or pheochromocytoma, by monitoring fluid overload. For instance, in December 2022, according to the Journal of the American College of Cardiology (JACC), a US-based peer-reviewed medical journal published by the American College of Cardiology, ischemic heart disease accounted for 9.44 million cardiovascular deaths in 2021. In addition, hypertensive heart disease and pulmonary arterial hypertension accounted for 1.41 million and 23,300 deaths, respectively. Therefore, the increasing prevalence of chronic illnesses such as diabetes, hypertension, and ischemic heart disease is driving the growth of the sphygmomanometer market.
Technological Advancements Drive The Rise Of Wireless And Mobile Sphygmomanometers In The Market
Technological advancements in wireless and mobile sphygmomanometers are a key trend gaining popularity in the sphygmomanometer market. Major market players operating in the sphygmomanometer are concentrating their efforts on creating innovative products through technological advancement to sustain their position in the market. For instance, in February 2021, Pylo Health, a US-based medical device manufacturer, launched Pylo 802-LTE, a cellular blood pressure monitor. The device is designed to allow patients to monitor their blood pressure from home and share the data with healthcare professionals in real time. It is easy to use with just a single button press and uses encrypted 4G wireless technology to transmit accurate measurements to the Pylo API. The data is then automatically sent in real-time to a patient's doctor, caregiver, or healthcare organization, improving patient outcomes and reducing the need for in-person visits.
The sphygmomanometer market covered in this report is segmented -
1) By Product: Electronic Sphygmomanometer, Aneroid Sphygmomanometer, Mercury Sphygmomanometer
2) By Configuration: Portable, Desk Mounted, Floor Standing, Wall Mounted
3) By Operation: Electric, Manual, Automatic, Semi-automatic
4) By End User: Hospitals, Ambulatory Surgical Centers And Clinics, Home Healthcare, Other End Users
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Major companies operating in the sphygmomanometer market report are A&D Company Ltd., American Diagnostic Corporation, Omron Healthcare Inc., Microlife Corporation, Acoma Medical Industry Co. Ltd., Beurer GmbH, General Electric Company, Amico Group of Companies, CIGA Healthcare Ltd., HEINE Optotechnik GmbH and Co. KG, Rossmax International Ltd., Rudolf Riester GmbH, Welch Allyn Inc., Koninklijke Philips N.V., Paul Hartmann AG, 3B Scientific, Hill-Rom Services Inc., Sklar Surgical Instruments, Spengler, Abbott Laboratories, AmbulanceMed, Harvard Health Publishing, Holtex Ltd., Timesco Healthcare Ltd., Bremed Ltd., iHealth Labs Inc., Baxter International Inc., Contec Medical Systems Co. Ltd., Halma plc, SunTech Medical Inc.
Contents of the report:
1. Executive Summary
2. Sphygmomanometer Market Report Structure
3. Sphygmomanometer Market Trends And Strategies
4. Sphygmomanometer Market - Macro Economic Scenario
5. Sphygmomanometer Market Size And Growth
…..
27. Sphygmomanometer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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