Dynamic Blood Pressure Monitor Market REPORT OVERVIEW
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The global dynamic blood pressure monitor market size was USD 143 million in 2021 and market is projected to touch USD 420.79 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 11.3% during the forecasting period.
COVID-19 Impact: Influx of demand for BP monitor during the pandemic
The global dynamic blood pressure monitor has benefited from the COVID-19 pandemic. The covid contaminated patients were most likely to have hypertension with comorbidity in 2022. Hospitalized patients required routine checkups throughout the coronavirus infection treatment. Therefore, the rising prevalence of COVID-19 cases, the threat of virus transmission, and the increasing importance of routine checkups at home would boost the demand and market substantially.
Dynamic Blood Pressure Monitor is a fully automated device that measures blood pressure every 15-30 mins in 24 hours through its advanced technology. The device has some specific features such as an audio setting to read the commands or instructions, results, and brief data analysis in various languages including English. As well as battery life indicators. It can be used effortlessly. It is easy to set up, the sphygmomanometer cuff fits accordingly, adjustable upper arm diameter ranges from 9 to 14 inches. It records the blood pressure; the diurnal rhythm of blood pressure and blood pressure variability. The device is particularly designed for patients with; Apparent drug resistant hypertension, Hypotensive symptoms with antihypertensive medications, Episodic hypertension, and Autonomic dysfunction.
LATEST TRENDS
"Preference for Home care setting during the pandemic lifts market growth"
The sudden leap in the covid-19 cases demolished the healthcare system worldwide. Along with the threat of coronavirus community transmission, people were advised to stay inside. Thus, homecare units or devices were more in demand throughout the pandemic. Respectively, market players grabbed the opportunity and developed blood pressure monitors and wearable devices for home care patients. For instance, an automated blood pressure monitoring system, body temperature, and heartbeat monitoring device was launched by Aktiia SA in January 2021.
Dynamic Blood Pressure Monitor Market SEGMENTATION
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- By Type
On the basis of type, the market is divided into Ordinary ABPM Type and Mobile Based ABPM
The Ordinary ABPM is the largest segment.
- By Application
On the basis of Application, the market is divided into Hospitals, Clinics, Homes and others.
The hospital type application market is the largest segment.
DRIVING FACTORS
"Rising Cases of High Blood Pressure to Boost Market Development"
Recent research studies and World Health Organisation’s reports indicate that around 1.28 Bn adult people of the age group between 30-79 years have hypertension or are at risk of it. According to the report, about 46% of people are not aware of the early signs of the disease. Hence, a timely diagnosis lowers the risk of hypertension and can mitigate the severity in the future. Additionally, the key players are introducing the latest miniature, easy-to-use devices, and the availability of wearable BP monitors is influencing the demand in the market. Therefore, the rising awareness of blood pressure monitoring would fuel the market demand & growth.
"An increase in government initiatives for preventive healthcare"
Growing cases of cardiac arrest, hypertension, and diabetes globally draw the attention of all various nation’s governments. Consequently, several nations’ governments are initiating to improve the health infrastructure, and policies, promoting awareness of the growing hypertension cases, effective precautions and guidance to prevent the risk of the disease, and adopting advanced blood pressure monitors for the government and private hospitals. Along with routine checkups monitoring at home among the general public raise the demand.
RESTRAINING FACTORS
"Expensive advanced devices restrict acquisition internationally"
Several developing countries have limited access to blood pressure monitors due to its high- cost value which constrains the demand in those countries. Along with inaccurate measurement, incorrect data, sudden device failure, and so on are the other constraint factors to shrink the global dynamic blood pressure monitor market growth.
Dynamic Blood Pressure Monitor Market REGIONAL INSIGHTS
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"North America Leads the Market Due to Its Developed Health Infrastructure "
North America has one of the best health infrastructures in the world. it held around 30% shares of the dynamic blood pressure monitor market in 2021. Its constant investment in the healthcare sector and development of high-tech, accurate & advanced blood pressure monitor devices expand the market size and growth rate. The global dynamic blood pressure monitor is mainly dominated by companies such as A&D, Sun-Tech Medication, Space Healthcare, and others, which have their headquarters in the U.S. Additionally, the launch of new devices and technological advancement enlarge the regional market growth rate.
KEY IN DUSTRY PLAYERS
"Miscellaneous Products introduced by the leading brands retain the market primacy "
International companies; SunTech Medical, Spacelabs Healthcare, Schiller, Bosch + Sohn, Microlife, Vasomedical, and Meditech are the prime members of the industry, dominating the global dynamic blood pressure monitor market share. Key players with their supply chain, end-user industry, customer service, mergers, acquisition, regional data analysis, high investment in R&D, expansions of manufacturing units, equipment, and financial profits are determining the global dynamic blood pressure market shares. Furthermore, the prominent companies’ strategies, comprehensive tactics, advanced development, and innovations formulate the market’s shares and growth across different regions. The report also indicates key players are anticipated to have an exponential growth rate in demand and supply worldwide.
List of Market Players Profiled
- A&D
- Hill-Rom
- SunTech Medical
- Spacelabs Healthcare
- Schiller
- Bosch + Sohn
- Microlife
- Vasomedical
- Meditech
- Riester
- Mindray
- Suzuken
- HINGMED
RECENT DEVELOPMENT
January 2022- Two prominent companies; Sun-Tech Medical Inc. and valencell Inc., declared a collaboration to develop modern blood pressure monitor solutions to increase the rate of patient safety.
January 2019- Omron Healthcare Inc. proclaimed, a wearable oscillometrcic blood pressure monitor, HearGuide, to measure blood pressure throughout the time would be available in the U.S.
REPORT COVERAGE
The report provides an overview using research methodologies. Which includes ample collection of data, statistics, and previous years’ records based on the market sales, purchases, and profit of the global dynamic blood pressure monitor market. The report also examines the estimated market size, share, growth rate, previous and current market scenarios. Along with, the market accurate data and forecasts by the market experts. It also helps to understand the study of this industry and offers deep insights into the current market structure, key driving forces, and restraints that affect the demand for growth, opportunities, and risks. Applications and competitive landscape have also been analyzed in detail to provide a clear view of how these players are performing against each other.
Furthermore, the report concentrates on a comprehensive analysis of the “global dynamic blood pressure monitor market” and makes forecasts about its development in the near future. Market, which offers insights into all its aspects of the most important factors influencing the markets such as macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players in detail and provides data on the market value, revenue demand, supply, and others.
The key industry players have an influence on the global dynamic blood pressure monitor market share and on the global market growth rate. This market is based on the following parameters: region, application, process technology, end-user industries, financial setups, key products, and services offered to customers. Additionally, the ramifications of post-pandemic international market restrictions are also outlined in the report. It also contains information on a deep understanding of how the industry operates, which will help to set out more about strategy.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 143 Million in 2021 |
Market Size Value By |
US$ 420.79 Million by 2031 |
Growth Rate |
CAGR of 11.3% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the dynamic blood pressure monitor market expected to touch by 2031?
The global dynamic blood pressure monitor market is expected to touch USD 420.79 million by 2031.
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What CAGR is the dynamic blood pressure monitor market expected to exhibit by 2031?
The dynamic blood pressure monitor market is expected to exhibit a CAGR of 11.3% by 2031.
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What are the driving factors of the dynamic blood pressure monitor market?
Increasing cases of hypertension, an initiative to improve the health infrastructure by the governments, and raising awareness of health consciousness are the leading factors driving the dynamic blood pressure monitor market.
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Which are the top companies operating in the dynamic blood pressure monitor market?
A&D, Hill-Rom, SunTech Medical, Spacelabs Healthcare, Schiller, Bosch + Sohn, Microlife, Vasomedical, Meditech, Riester, Mindray, Suzuken, HINGMED are the top leading operating companies.