Tag Archives: Blood Pressure Monitoring Devices Market

Blood Pressure Monitoring Devices Market Offering High-growth Opportunities for Market Players

Blood pressure can be defined as a measure of force that is exerted upon the walls of blood vessels. The exact cause of high blood pressure is unknown but it develops with changing lifestyle and growing age. Geriatric population, rising obese population, sedentary lifestyle are the factors that contribute to the growing incidence of hypertension. Rising incidence of blood pressure increases the awareness about blood pressure monitoring techniques. Hypertension is a chronic condition and a leading cause of death and is responsible for cardiovascular diseases and heart attacks globally. The global blood pressure monitoring devices market has been broadly segmented on the basis of device type, end user and geography. This report analyzes the current scenario as well as future market potential for blood pressure monitoring devices market globally. The blood pressure monitoring devices market report comprises an elaborate executive summary, demonstrating a snapshot on market dynamics of various segments and sub-segments in a precise manner. Moreover, executive summary also comprises a waterfall chart, which reflects the market size of various segments in descending order.

According to Transparency Market Research, the global blood pressure monitoring devices market was valued at US$2 bn in 2014. It is likely to exhibit a strong 7.30% CAGR from 2015 to 2023 and rise to a valuation of US$3.8 bn.

Read Full Report: http://www.transparencymarketresearch.com/blood-pressure-monitoring-market.html

Home-based Healthcare to Remain Leading End User of Blood Pressure Monitoring Devices

The key end users of blood pressure monitoring devices are hospitals and patients availing home care facilities. The latter is likely to remain the leading contributor to the global market, with the valuation of the home care segment being almost twice that of the hospitals segment. The use of blood pressure monitoring devices in home care has been driven by the rising prevalence of hypertension and other lifestyle conditions that don’t necessarily require hospitalization but do necessitate continuous monitoring.

The incorporation of blood pressure monitoring devices in home care has also been helped by the steady product innovation in the industry. This has resulted in the production of reliable and efficient blood pressure monitoring devices, which has helped increase patient confidence. Due to the relatively simple fundamental nature of blood pressure monitoring devices, product innovation and price reductions have become the key strategies for manufacturers, which has helped drive the demand for blood pressure monitoring devices.

Unfavorable Reimbursement Policies Restrict Adoption of Blood Pressure Monitoring Devices

Despite the significant demand from hospitals as well as home care initiatives, reimbursement support for blood pressure monitoring devices is lacking in many countries. This is the key restraint on the blood pressure monitoring devices, as the increasing popularity of home healthcare means the reimbursement frameworks will need to be rearranged to reflect the increasing demand for blood pressure monitoring devices.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1630

Asia Pacific Set to Dominate Blood Pressure Monitoring Devices Market

In 2014, North America was the dominant contributor to the global blood pressure monitoring devices market due to the presence of several leading international players, the increasing prevalence of blood pressure disorders, and the widespread availability of blood pressure monitoring kiosks for public use. The increasing deployment of blood pressure monitoring kiosks, which are becoming common in shopping complexes and other public areas in developed countries, has significant potential to drive the demand for blood pressure monitoring devices in North America and parts of Western Europe in the coming years.

On the other hand, the immense potential of Asia Pacific, thanks to its large population base and the formidable presence of unmet medical needs, has encouraged several manufacturers of blood pressure monitoring devices to focus on it as a market for the present as well as the future. While Asia Pacific trails the North America market at present, it is expected to catch up with it over the 2015-2023 forecast period and emerge as a leading contributor to the global blood pressure monitoring devices market.

The information in this preview comes from a Transparency Market Research report titled ‘Blood Pressure Monitoring Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2023.’

 

Blood Pressure Monitoring Devices Market to Reach US$ 3.8 Bn in 2023

The competitive landscape of the global blood pressure monitoring devices market is dominated by companies with a diverse product catalog and expansive presence across various regions. Omron Healthcare, Welch Allyn, Philips Healthcare, Shenzhen Kingyield Technology, Panasonic, Contec Medical Systems, and A&D Medical. According to Transparency Market Research, the top five companies in the global blood pressure monitoring devices market accounted for 55% of the market in 2014, indicating a high degree of consolidation that is only likely to increase in the coming years.

The sustained product development efforts carried out by major players in the blood pressure monitoring devices market have led to a market marked by price-based competition. This has given large companies an edge over new entrants and specialist companies, which is likely to result in significant M&A activity in the blood pressure monitoring devices market in the coming years.

According to Transparency Market Research, the global blood pressure monitoring devices market was valued at US$2 bn in 2014. It is likely to exhibit a strong 7.30% CAGR from 2015 to 2023 and rise to a valuation of US$3.8 bn.

Read Full Report: http://www.transparencymarketresearch.com/blood-pressure-monitoring-market.html

Home-based Healthcare to Remain Leading End User of Blood Pressure Monitoring Devices

The key end users of blood pressure monitoring devices are hospitals and patients availing home care facilities. The latter is likely to remain the leading contributor to the global market, with the valuation of the home care segment being almost twice that of the hospitals segment. The use of blood pressure monitoring devices in home care has been driven by the rising prevalence of hypertension and other lifestyle conditions that don’t necessarily require hospitalization but do necessitate continuous monitoring.

The incorporation of blood pressure monitoring devices in home care has also been helped by the steady product innovation in the industry. This has resulted in the production of reliable and efficient blood pressure monitoring devices, which has helped increase patient confidence. Due to the relatively simple fundamental nature of blood pressure monitoring devices, product innovation and price reductions have become the key strategies for manufacturers, which has helped drive the demand for blood pressure monitoring devices.

Unfavorable Reimbursement Policies Restrict Adoption of Blood Pressure Monitoring Devices

Despite the significant demand from hospitals as well as home care initiatives, reimbursement support for blood pressure monitoring devices is lacking in many countries. This is the key restraint on the blood pressure monitoring devices, as the increasing popularity of home healthcare means the reimbursement frameworks will need to be rearranged to reflect the increasing demand for blood pressure monitoring devices.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1630

Asia Pacific Set to Dominate Blood Pressure Monitoring Devices Market

In 2014, North America was the dominant contributor to the global blood pressure monitoring devices market due to the presence of several leading international players, the increasing prevalence of blood pressure disorders, and the widespread availability of blood pressure monitoring kiosks for public use. The increasing deployment of blood pressure monitoring kiosks, which are becoming common in shopping complexes and other public areas in developed countries, has significant potential to drive the demand for blood pressure monitoring devices in North America and parts of Western Europe in the coming years.

On the other hand, the immense potential of Asia Pacific, thanks to its large population base and the formidable presence of unmet medical needs, has encouraged several manufacturers of blood pressure monitoring devices to focus on it as a market for the present as well as the future. While Asia Pacific trails the North America market at present, it is expected to catch up with it over the 2015-2023 forecast period and emerge as a leading contributor to the global blood pressure monitoring devices market.

The information in this preview comes from a Transparency Market Research report titled ‘Blood Pressure Monitoring Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2023.’

 

Emerging Opportunities in Blood Pressure Monitoring Devices Market

The competitive landscape of the global blood pressure monitoring devices market is dominated by companies with a diverse product catalog and expansive presence across various regions. Omron Healthcare, Welch Allyn, Philips Healthcare, Shenzhen Kingyield Technology, Panasonic, Contec Medical Systems, and A&D Medical. According to Transparency Market Research, the top five companies in the global blood pressure monitoring devices market accounted for 55% of the market in 2014, indicating a high degree of consolidation that is only likely to increase in the coming years.

The sustained product development efforts carried out by major players in the blood pressure monitoring devices market have led to a market marked by price-based competition. This has given large companies an edge over new entrants and specialist companies, which is likely to result in significant M&A activity in the blood pressure monitoring devices market in the coming years.

According to Transparency Market Research, the global blood pressure monitoring devices market was valued at US$2 bn in 2014. It is likely to exhibit a strong 7.30% CAGR from 2015 to 2023 and rise to a valuation of US$3.8 bn.

Home-based Healthcare to Remain Leading End User of Blood Pressure Monitoring Devices

The key end users of blood pressure monitoring devices are hospitals and patients availing home care facilities. The latter is likely to remain the leading contributor to the global market, with the valuation of the home care segment being almost twice that of the hospitals segment. The use of blood pressure monitoring devices in home care has been driven by the rising prevalence of hypertension and other lifestyle conditions that don’t necessarily require hospitalization but do necessitate continuous monitoring.

The incorporation of blood pressure monitoring devices in home care has also been helped by the steady product innovation in the industry. This has resulted in the production of reliable and efficient blood pressure monitoring devices, which has helped increase patient confidence. Due to the relatively simple fundamental nature of blood pressure monitoring devices, product innovation and price reductions have become the key strategies for manufacturers, which has helped drive the demand for blood pressure monitoring devices.

Unfavorable Reimbursement Policies Restrict Adoption of Blood Pressure Monitoring Devices

Despite the significant demand from hospitals as well as home care initiatives, reimbursement support for blood pressure monitoring devices is lacking in many countries. This is the key restraint on the blood pressure monitoring devices, as the increasing popularity of home healthcare means the reimbursement frameworks will need to be rearranged to reflect the increasing demand for blood pressure monitoring devices.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1630

Asia Pacific Set to Dominate Blood Pressure Monitoring Devices Market

In 2014, North America was the dominant contributor to the global blood pressure monitoring devices market due to the presence of several leading international players, the increasing prevalence of blood pressure disorders, and the widespread availability of blood pressure monitoring kiosks for public use. The increasing deployment of blood pressure monitoring kiosks, which are becoming common in shopping complexes and other public areas in developed countries, has significant potential to drive the demand for blood pressure monitoring devices in North America and parts of Western Europe in the coming years.

On the other hand, the immense potential of Asia Pacific, thanks to its large population base and the formidable presence of unmet medical needs, has encouraged several manufacturers of blood pressure monitoring devices to focus on it as a market for the present as well as the future. While Asia Pacific trails the North America market at present, it is expected to catch up with it over the 2015-2023 forecast period and emerge as a leading contributor to the global blood pressure monitoring devices market.

The information in this preview comes from a Transparency Market Research report titled ‘Blood Pressure Monitoring Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2023.’

 

Blood Pressure Monitoring Devices Market Dynamics and Opportunities Report by Transparency Market Research

Blood Pressure Monitoring DevicesAs the population diagnosed with hypertension and high blood pressure increases, it will increase the demand for devices used to monitor blood pressure in response. Hypertension increases the risk of a heart attack, kidney failure, and stroke and is becoming an increasingly common condition affecting an appreciable portion of the geriatric population worldwide. Be it because of the growing sedentary lifestyle, lack of physical activity, or rising stress levels, even people in younger age groups are being diagnosed with hypertension. Since, the aging population is more prone to high blood pressure, people aged 55 years or above are at high risk of developing hypertension or high blood pressure. All these factors have proven favorable for the global blood pressure monitoring devices market by increasing the sales it registers.

Various social, metabolic, and behavioral factors are responsible for the widespread prevalence of blood pressure and hypertension. Behavioral risk factors such as an unhealthy diet, consumption of tobacco and alcohol, and physical inactivity can increase the risk of hypertension. Devices for blood pressure monitoring are designed to help people keep their blood pressure in check through effective measurement, monitoring, and management of the condition.

As per a report published by Transparency Market Research (TMR), the global market for blood pressure monitoring devices, which stood at US$2.0 bn in 2014, is expected to reach US$3.8 bn by the end of 2023. The market is therefore poised to exhibit a CAGR of 7.3% between 2015 and 2023.

Automated Blood Pressure Monitoring Devices to Witness Highest Demand

Based on type, the global blood pressure monitoring devices market is classified into automated blood pressure monitors, sphygmomanometer blood pressure instrument accessories, blood pressure transducers, and ambulatory blood pressure monitor. Of these, the automated blood pressure segment held the largest share in the market in 2014. These devices offer portability and come with multiple display functions and an easy-to-use interface, which are the key factors fuelling demand from the automated blood pressure monitoring devices segment. Furthermore, with the advent of the latest technologies, manufacturers are designing more portable and user-friendly alternatives, owing to which the segment of automated blood pressure monitors is likely to exhibit a CAGR of 9.0% between 2015 and 2023.

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Home End-use Segment to Report Highest Demand

In terms of end use, the demand for blood pressure monitors suitable for use in-home will be the highest. The rising trend of home healthcare and the subsequent increase in demand for home-based blood pressure monitors will augment the growth reported by the home segment. Additionally, the incorporation of advanced technologies by the leading manufacturers would attract new customers. This will subsequently boost the segment of home blood pressure monitors in the forthcoming years. However, in the near future, the kiosk end-use segment is expected to expand at the fastest CAGR of 10.3% during 2015-2023. The segment will benefit from the growing trend of monitoring blood pressure at kiosks, particularly in developed regions such as Europe and North America.

North America Dominates Global Blood Pressure Monitoring Devices Market

Regionally, North America dominated the global blood pressure monitoring devices market accounting for a share of 32% in 2014. According to the TMR report, approximately 92 million people living in the U.S. complained of low or high blood pressure in 2014. This rising number of people diagnosed with abnormal blood pressure will boost the market for blood pressure monitoring devices in North America. In the same year, Asia Pacific held the second position, holding a share of 28% in the global blood pressure monitoring devices market.