Press release
Blood Pressure Cuffs Market: Latest Trends, Technological Advancements, Driving Factors, and Forecast until 2029
Omron Corporation is a global leader in providing a wide range of products in a variety of industries. Omron Corporation operates in four major businesses: Industrial Automation, Healthcare Operations, Lifecycle Design, Solutions and Services Business, an
The global blood pressure cuffs market [https://www.marketsandmarkets.com/Market-Reports/blood-pressure-cuffs-market-14931460.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr], valued at US$843million in 2023, is forecasted to grow at a robust CAGR of 9.0%, reaching US$909 million in 2024 and an impressive US$1,399 million by 2029. A major factor driving the market for blood pressure cuffs is the growing number of elderly people, who are more likely to have high blood pressure and associated health issues, as well as the growth of remote patient monitoring and telehealth. More and more people are utilizing telehealth to keep an eye on particular areas of their health while lounging in their own homes. Remote patient monitoring allows providers to handle both acute and chronic conditions. The risk of infection is also decreased, as are the costs related to patient transportation. It can also avert health issues in patients who have limited mobility. Remote patient monitoring can be used to track a wide range of symptoms and conditions, including high blood pressure.
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Competitive Landscape and Major Players
The blood pressure cuffs market is competitive, with OMRON Corporation (Japan), Baxter International Inc. (US), and McKesson Corporation (US) being the leading players. These companies employ a mix of organic and inorganic growth strategies, including expansions, agreements, and acquisitions, to enhance their product offerings, meet customer needs, boost profitability, and solidify their market presence.
OMRON Corporation (Japan)
Omron Corporation is a prominent player in the global market, offering a diverse range of products across multiple industries. Its healthcare division, Omron Healthcare Co., Ltd., specializes in cardiovascular, respiratory, and home healthcare products, including blood pressure monitors. Omron forecasts sales to reach USD 0.91 billion (about 146.0 billion yen) through the expansion of online channels and increased demand in emerging markets, indicating significant growth potential in the blood pressure cuffs market.
Baxter International Inc. (US)
Baxter International Inc. provides a broad spectrum of critical healthcare products, including patient care and diagnostic technologies. Its Healthcare Systems and Technologies segment, which encompasses connected care solutions and patient monitoring systems, is vital to Baxter's strategy. The acquisition of Hill-Rom Holdings, Inc. for USD 10.48 billion in December 2021 aimed to enhance Baxter's market position and expand its portfolio, including its offerings in blood pressure monitors.
McKesson Corporation (US)
McKesson Corporation, through its various affiliates, is a leading global provider of healthcare services designed to improve patient outcomes. The company's Medical-Surgical Solutions segment supplies blood pressure cuffs, distribution, logistics, and additional services to healthcare providers such as doctor's offices, surgery centers, and home healthcare agencies. McKesson partners with manufacturers and channel partners to support government, extended care, and primary care markets effectively.
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The automated segment is projected to register the highest CAGR in the forecasted period for blood pressure cuffs market, by type segment, in 2023.
Based on type, the blood pressure cuffs market is segmented automated and manual. Appropriately validated automated blood pressure measuring devices (BPMDs) remain the recommended standard for clinical diagnosis and management of hypertension. The growth of the automated blood pressure monitoring segment is propelled by the increasing prevalence of cardiovascular diseases and the heightened adoption of advanced blood pressure monitoring technologies.
19 cm & above segment held the largest share of the blood pressure cuffs market, by size segment.
Based on technology, the blood pressure cuffs market is segmented into 8-19 cm and 19 cm & above. Ongoing blood pressure monitoring is important for individuals dealing with chronic conditions such as diabetes, kidney disease, and cardiovascular disease. Increasing public awareness of preventive health care and routine health screening has contributed to this trend, despite a significant increase in the demand for larger blood pressure monitors due to an aging population face often for high blood pressure and heart disease.
The reusable segment accounted for largest market share of blood pressure cuffs market, by usage
Based on usage, the blood pressure cuffs market is segmented into reusable and disposable. The reusable segment accounted for the largest share of the blood pressure cuffs market in 2023. The large share of the blood, serum, and plasma segment can be attributed to the cost-effectiveness which is particularly appealing to healthcare facilities that perform frequent blood pressure monitoring, longer shelf life and growing awareness of environmental sustainability.
The adults segment accounted for largest market share of blood pressure cuffs market, by age group
Based on age group, the blood pressure cuffs market is segmented into adults and infants & children. The adults segment accounted for the largest share of the blood pressure cuffs market in 2023. According to World Bank Group data, as of 2022, adults make up 65% of the global population. This demographic trend, combined with the growing focus on pediatric healthcare initiatives, highlights the need for versatile blood pressure cuffs suitable for both adult and pediatric patients.
offline segment held the largest share of the blood pressure cuffs market, by distribution channel segment.
Based on thedistribution channel, the blood pressure cuffs market is segmented into offline and online. The availability of affordable blood pressure cuffs and their widespread distribution through both online and offline channels have made it easier to purchase these devices. The large share of the offline segment is attributed to the increasing trend towards home healthcare, and improved healthcare infrastructure, particularly in developing regions, has enhanced access to blood pressure monitoring devices.
The hospital's segment accounted for the largest share of the blood pressure cuffs market, by end user
Based on end users, the blood pressure cuffs market is segmented into hospitals, clinics, homecare and other end users. The hospitals segment accounted for the largest share of the blood pressure cuffs market, as of 2023. The large share of this segment is attributed to the effective blood pressure measurement by trained professionals and favorable insurance and reimbursement policies for hypertension management. For everyone with high blood pressure, the American Heart Association suggests home monitoring as a way to let their doctor know whether their treatments are having the desired effect. The diagnosis of high blood pressure can also be confirmed at home with home monitoring. According to National Center for Biotechnology Information, it has been observed that HBPM readings are frequently lower than office readings and more in line with the average blood pressure recorded during a 24-hour ABPM. Home Blood Pressure Monitoring (HBPM) allows increased numbers of readings, achieves more reproducible readings than office readings.
The Asia Pacific market is expected to witness the highest growth during the forecast period.
The global blood pressure cuffs market is divided into six key regions: North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and the GCC Countries. The Asia Pacific is projected to register the highest CAGR of 10.9% in the blood pressure cuffs market during the forecast period. The presence of emerging economies such as China, India, and Japan, the rising prevalence of chronic diseases, improving standard of living, growing demand for quality medical care, increasing healthcare spending, favorable government initiatives, and growing awareness regarding hypertension are some of the major factors driving the growth of the blood pressure cuffs market in the Asia Pacific.
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