Global Blood Pressure Kit Market Size, Share, and COVID-19 Impact Analysis, By Product (Sphygmomanometer/Aneroid BP Monitor, Automated/Digital Blood Pressure Monitor, Instrument Accessories), By End User (Hospitals, Home Health Care, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032Industry: Healthcare
Global Blood Pressure Kit Market Insights Forecasts to 2032
- The Global Blood Pressure Kit Market Size was valued at USD 4.5 Billion in 2022.
- The market is growing at a CAGR of 9.7% from 2022 to 2032.
- The worldwide Blood Pressure Kit Market size is expected to reach USD 8.9 Billion by 2032.
- Asia Pacific is expected to grow the fastest during the forecast period.
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The Global Blood Pressure Kit Market Size is expected to reach USD 4.5 Billion by 2032, at a CAGR of 9.7% during the forecast period 2022 to 2032.
The measurement and monitoring of hypertension need the use of pressure monitoring equipment. The incredibly accurate pulse-checking equipment enables medical personnel to treat patients as needed. In recent years, companies like SunTech Medical Inc., Omron Healthcare Inc., and others have introduced a range of cutting-edge pressure monitoring devices that can measure not just blood pressure but also temperature, irregular heartbeats, vital signs, and more. To keep blood pressure under control, self-measured home blood pressure monitoring was essential even before COVID-19. The National Institute for Health and Care Excellence (NICE), the American Society of Hypertension, the American Heart Association, and the European Society of Hypertension all strongly advise that blood pressure be checked twice daily for seven days in a row, preferably in the morning and evening, with two measurements taken at a distance of 1-2 minutes on each occasion. This is driving up demand for BP monitors.
This research report categorizes the global blood pressure kit market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global blood pressure kit market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global blood pressure kit market. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market.
Global Blood Pressure Kit Market Report Coverage
|Market Size in 2022:||USD 4.5 Billion|
|Forecast Period:||2022 - 2032|
|Forecast Period 2022 - 2032 CAGR:||9.7%|
|2032 Value Projection:||USD 8.9 Billion|
|Historical Data for:||2018 - 2021|
|No. of Pages:||210|
|Tables, Charts & Figures:||130|
|Segments covered:||By Product, By End User, By Region|
|Companies Covered:||Omron Healthcare Welch Allyn, Inc., A&D Medical Inc., SunTech Medical, Inc., American Diagnostics Corp., Withings, Briggs Healthcare, GE Healthcare, Kaz Inc., Microlife AG, Rossmax International Ltd., GF Health Products Inc., Spacelabs Healthcare Inc., Philips Healthcare, Hill-Rom Services Inc., Braun Healthcare, Contec, Biobeat|
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The rising prevalence of chronic illnesses and the quickening rate of elderly population growth would lead to an increase in the demand for blood pressure monitoring devices worldwide. Additionally, the rising costs of healthcare in developing nations and the growing need for proactive monitoring are anticipated to open up new potential for market competitors. The expansion of the blood pressure monitoring devices market, however, is predicted to be hampered by a lack of awareness in emerging areas. Additionally, high blood pressure is a significant risk factor for several illnesses, including heart attack, stroke, and kidney failure; as a result, blood pressure monitoring is crucial to assessing how seriously ill a patient is. Moreover, Government initiatives, such as public blood pressure monitoring programs to raise public awareness and maintain the database established by remotely operated BP monitors, are anticipated to fuel additional growth throughout the projection period.
The market for pressure monitoring devices is expected to have slower growth in the target period due to the higher cost of technological improvement. The need for pressure monitoring devices may face more challenges shortly due to the harmful impacts of sure of these devices.
- In 2022 the sphygmomanometer/aneroid BP monitor segment is dominating the market with the largest market share over the forecast period.
Based on the product, the global blood pressure kit market is segmented into sphygmomanometer/aneroid BP monitor, automated/digital blood pressure monitor, and instrument accessories. Among these segments, the sphygmomanometer/aneroid BP monitor segment is dominating the market with the largest revenue share during the forecast period owing to high demand. Sphygmomanometer demand is anticipated to increase globally as a result of technological developments and new product introductions. Continuous technical advancements in the consumer healthcare sector, including breakthroughs in wearable technology, applications, and mobile devices, as well as falling average selling costs for manufacturers and retailers, as well as increased professional market penetration, are driving the industry's expansion.
- In 2022, the hospitals segment is influencing the largest market share over the forecast period.
On the basis of end users, the global blood pressure kit market is classified into hospitals, home health care, and others. Among these segments, the hospitals segment is dominating the market. The usage of BP monitoring devices in the hospital and clinic sector is predicted to increase due to the growing demand for accurate, quick, and effective diagnostic tools for better health outcomes. Increased government funding for the construction of hospitals and healthcare facilities contributes favorably to the rise of BP monitors. New technologies and gadgets are being used by the healthcare industry as a result of increased investment to identify issues or diseases early and treat them.
Regional Segment Analysis of the blood pressure kit market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America dominated the market with the largest market revenue during the forecast period
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North America is dominating the significant market growth during the forecast period due to its healthcare infrastructure being well-established and controlled. The main factor anticipated to contribute to the market expansion of blood pressure kits in the next years is increasing expenditures in the development of precise and efficient BP kits. Additionally, it is anticipated that the introduction of new products and technical developments will further support industry growth.
Asia Pacific is expected to experience high revenue market growth during the forecast period due to chronic illnesses including hypertension, cardiovascular conditions, and others are becoming more and more prevalent among them. As a result of the region's rising number of hypertensive patients and the increased interest of big corporations in developing markets like China, Japan, and others, the region's demand for and use of blood pressure monitors is growing.
The report offers the appropriate analysis of the key organizations/companies involved within the global blood pressure kit market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Omron Healthcare Welch Allyn, Inc.
- A&D Medical Inc.
- SunTech Medical, Inc.
- American Diagnostics Corp.
- Briggs Healthcare
- GE Healthcare
- Kaz Inc.
- Microlife AG
- Rossmax International Ltd.
- GF Health Products Inc.
- Spacelabs Healthcare Inc.
- Philips Healthcare
- Hill-Rom Services Inc.
- Braun Healthcare
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In February 2021, proof of concept for DeltaTrakTM technology is announced by SunTech Medical Inc., the industry leader in clinical-grade blood pressure (BP) measuring technologies and devices, and Valencell Inc., the innovator in highly accurate biometric sensors for wearables.
- In January 2021, to increase the range of diagnostic, interventional imaging, and patient monitoring products it offers, Koninklijke Philips N.V. partnered with the Rennes University Hospital in France.
This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Global Blood Pressure Kit Market based on the below-mentioned segments:
Blood Pressure Kit Market, By Product
- Sphygmomanometer/Aneroid BP Monitor
- Automated/Digital Blood Pressure Monitor
- Instrument Accessories
Blood Pressure Kit Market, End Users
- Home Health Care
Blood Pressure Kit Market, By Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
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