Ambulatory Blood Pressure Monitoring Devices Market (By Product Type: Arm ABPM Devices, Wrist ABPM Devices; By End Use: Hospitals, Ambulatory Surgical Centers (ASCs), Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027
The global ambulatory blood pressure monitoring devices market is anticipated to grow at a CAGR of around 7.1% during the forecast period 2020 to 2027 and to reach around US$ 162.1 Mn by 2027.
Market Dynamics
Rapid technological advancements in medical devices, increasing in number of patients suffering from hypertension and associated problems, coupled with demand for advanced blood monitoring devices from hospital and clinics are some major factors expected to drive the growth of the global market. Major players are focused on providing advanced monitoring devices that are more accurate, their approach towards providing monitoring devices with various features such as data sharing, real time monitoring etc.
- According to U.S. Department of Health & Human Services in 2017 there were nearly half a million deaths in the United States with the primary reason of hypertension. About half of adults (45%) with uncontrolled hypertension have a blood pressure of 140/90 mm Hg or higher. This includes 37 million U.S. adults.
Homecare approach among consumer is increasing due to better availability of products and ease in usage for better care of patients who need immediate treatments and check-ups. Government is spending high on the development of present infrastructure in order to facilitate the adoption of advanced devices. In addition, major payers are inclining towards introduction of innovative products in order to increase the customer base and enhance the product portfolio. These are some important factors expected to impact the target market growth positively.
- In 2018, SunTech Medical a manufacturer of blood pressure monitoring products launched Small Adult PLUS blood pressure cuff, completing the range of PLUS blood pressure cuff sizes. This is expected to help the company to enhance its product portfolio and increase the customer base.
However, factors such as high cost of devices & accessories and stringent government regulation related to product approval are expected to hamper the growth of global market. In addition, lack of advanced infrastructure in order to facilitate the adoption of advanced devices is another factor expected to challenge the growth of target market.
Technological advancements by the major players, coupled with innovative product offerings are factor responsible to create new opportunities for players over the forecast period. In addition, major players inclination towards developing economies in order to increase the customer base and enhance the profit ratio is expected to support the revenue traction of global market.
Ambulatory Blood Pressure Monitoring Devices Market Segment Analysis, 2019
The global ambulatory blood pressure monitoring devices market is segmented in to product, end user. The end use segment is bifurcated in to hospitals, ambulatory surgical centers (ASCS), and other. Among end use the hospitals segment is expected to account for significant revenue share in the global market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share owing to high patient suffering from blood associated problems. In addition, high government spending on healthcare sector and innovative product offerings by the major players is expected to support the growth of target market in this region.
Asia Pacific is expected to witness faster growth in the near future owing to rising geriatric population suffering with chronic diseases. In addition, inclination towards emerging economies in order to increase the business presence and increase the profit ratio is another factor expected to support the growth of target market.
Competitive Landscape
Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities and new product offerings are factors further augmenting the market competition.
Report coverage
|
Market |
Global Ambulatory Blood Pressure Monitoring Devices Market |
|
Analysis Period |
2016 – 2027 |
|
Base Year |
2019 |
|
Forecast Data |
2020 – 2027 |
|
Market Stratification |
Product Type, End Use and Geography |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The market research study on “Ambulatory Blood Pressure Monitoring Devices Market (Product Type: Arm ABPM Devices and Wrist ABPM Devices; End Use: Hospitals, Ambulatory Surgical Centers (ASCs), and Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global ambulatory blood pressure monitoring devices market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global ambulatory blood pressure monitoring devices market product type, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global ambulatory blood pressure monitoring devices market size and segment markets by product type, end use and geography along with the information on companies operating in the market. The ambulatory blood pressure monitoring devices market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Spacelabs Healthcare, Inc., Welch Allyn, Inc., Microlife AG, Schiller AG, Omron Healthcare Company, Ltd., Beijing Avantgarde Medical Equipment Company, AViTA Corporation, GE Healthcare and SunTech Medical, Inc.
Market Segmentation
Market By Product Type
- Arm ABPM Devices
- Wrist ABPM Devices
Market By End Use
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Other
Market By Region
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Frequently Asked Questions
Which major factors expected to drive the growth of the global ambulatory blood pressure monitoring devices market?
Rapid technological advancements in medical devices, increasing in number of patients suffering from hypertension and associated problems are some major factors expected to drive the growth of the global market.
What will be the market size of ambulatory blood pressure monitoring devices?
The global ambulatory blood pressure monitoring devices market size is expected to reach around US$ 162.1 Mn by 2027.
How much is the CAGR of ambulatory blood pressure monitoring devices market?
The global ambulatory blood pressure monitoring devices market is anticipated to grow at a CAGR of around 7.1% during the forecast period 2020 to 2027.
Which end use segment to account for significant revenue share in the global ambulatory blood pressure monitoring devices market?
Among end use the hospitals segment is expected to account for significant revenue share in the global market.
Which region is expected to account for major revenue share in the ambulatory blood pressure monitoring devices market?
The market in North America is expected to account for major revenue share owing to high patient suffering from blood associated problems.
Which region is expected to witness faster growth in the ambulatory blood pressure monitoring devices market?
Asia Pacific is expected to witness faster growth in the near future owing to rising geriatric population suffering with chronic diseases.
Which are the key players of ambulatory blood pressure monitoring devices market?
The players profiled in the report Spacelabs Healthcare, Inc., Welch Allyn, Inc., Microlife AG, Schiller AG, Omron Healthcare Company, Ltd., Beijing Avantgarde Medical Equipment Company, AViTA Corporation, GE Healthcare and SunTech Medical, Inc.
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