Blood Pressure Monitoring Devices & Accessories Market expected to reach a value of US$ 2,209.7 Mn by 2024

Blood Pressure monitoring is a diagnostic process to measure the systolic & diastolic blood pressure of a person. The process uses oscillometric technique or auscultatory technique to determine the arterial pressure in the body. The blood pressure monitoring devices consists of an inflatable cuffs, which is wrapped around a person’s upper arm or wrist to constrict & release the artery in a controlled manner. The manometer can be digital or manual which gives the reading of systolic & diastolic blood pressure of a person.
Favorable reimbursement policies & rising geriatric population due to continuous increase in the lifespan of population are propelling the Blood Pressure Monitoring Devices & Accessories market in the forecast period. However, the low adaption rate for digital self-serving diagnostic devices, and reluctance towards hypertension can restrain the market growth of Blood Pressure Monitoring Devices & Accessories in 2016-2024 duration.

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The Global Blood Pressure Monitoring Devices & Accessories market has been segmented according to Device type & End-user. Based on the device type, the market is divided into Sphygmomanometers, Automatic Blood Pressure Monitors, Ambulatory Blood Pressure Monitors, Blood Pressure Transducers, and Blood Pressure Instrument Accessories. Sphygmomanometers has 3 types as Mercury, Aneroid, and Digital, while Blood Pressure Transducers has been classified into Disposable & Reusable Transducers. The Blood Pressure Instrument Accessories are Blood Pressure Cuffs, and Bladders, Bulbs & Valves. The Ambulatory Sphygmomanometers dominated the market in terms of revenue in 2015, due to its high price, and need & demand for technologically advanced Blood Pressure Monitoring devices. The same device is expected to lead the market in the forecast period, owing to the rising adaption rate of population for self-serving diagnostic tools. Automatic Blood Pressure Monitors & Sphygmomanometers are the most commonly utilized Blood Pressure Monitors, owing to their cost effectiveness. They are expected to capture highest market share in terms of volume which is attributed to the government participation to create awareness for control & prevention of hypertension, and establishment of R&D units by key players at a global level. Blood Pressure Transducers & Blood Pressure Instrument Accessories are anticipated to witness moderate growth in the forecast period. High accuracy of Blood Pressure Transducers, rising geriatric population, and favorable trade regulations in the developing countries are the major factors expected to boost the market of Blood Pressure Transducers & Blood Pressure Instrument Accessories in the forecast period.

Based on End-user, the Global Blood Pressure Monitoring Devices & Accessories market has been segmented into Hospitals, Ambulatory Surgical centers, Clinics, Homecare Settings, and Others. The Hospitals captured highest market share in 2015, owing to the availability of trained & qualified personnel and favorable reimbursement structure. The Homecare Settings is estimated to register highest CAGR in the forecast period, which is attributed to the miniaturization of the devices, and rising need & demand for self-serving diagnostic equipment by population. Rising geriatric population & improvements in the healthcare facilities in developing countries are anticipated to propel the popularity of Clinics in the forecast period. Ambulatory Surgical centers and others segment are expected to witness moderate growth by 2024. However, rising need & demand for Blood Pressure Kiosks at public places (Gym, Airports, Colleges etc.), and government funding to boost the production volume of Blood Pressure Monitors can propel the market of Ambulatory Surgical Centers & others end-user segment in the forecast period.

The prominent players in the Global Blood Pressure Monitoring Devices & Accessories market are Omron Healthcare, Inc., Koninklijke Philips N.V., Schiller AG, American Diagnostic Corporation, SPENGLER, Spacelabs Healthcare, Bosch + Sohn GmbH u. Co. KG, Withings SA, Welch Allyn, Inc., SunTech Medical, Inc., A&D Medical, and GE Healthcare. Investing in R&D of Blood Pressure Instrument Accessories & emphasizing on the improvement of distribution network are the strategies being adapted by key players in the market.

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