Blood Pressure Market Size Worth USD 5.13 Billion in 2030 | Increasing incidences of hypertension owing to changing lifestyles is a key factor driving blood pressure market revenue growth “

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Blood Pressure Market Size Worth USD 5.13 Billion in 2030 | Increasing incidences of hypertension owing to changing lifestyles is a key factor driving blood pressure market revenue growth “

September 12
20:14 2022
Blood Pressure Market Size Worth USD 5.13 Billion in 2030 | Increasing incidences of hypertension owing to changing lifestyles is a key factor driving blood pressure market revenue growth  "
Blood Pressure Market | Emergen Research
Market Size – USD 1.91 Billion in 2021, Market Growth – at a CAGR of 11.5%, Market Trends – Technological advancements

The global blood pressure market size reached USD 1.91 Billion in 2021 and is expected to register a revenue CAGR of 11.5% during the forecast period, according to latest analysis by Emergen Research. Blood pressure market revenue growth is driven by factors such as the rising burden of cardiovascular disorders, technological advancements, rapidly increasing aging population, increasing incidences of hypertension owing to changing lifestyles, the surge in healthcare expenditure in emerging economies, and high demand for proactive monitoring.

As the prevalence of chronic diseases increases, the availability of blood pressure monitoring devices increases, as these devices help early diagnosis of patients worsening health. Hypertension is the most widespread chronic condition, affecting 108 million (45%) American adults and 1.4 billion (31%) people worldwide. With long-term symptoms including cerebrovascular, cardiovascular, and kidney illness, the World Health Organization has designated hypertension as the main risk factor for morbidity and mortality, accounting for one in six adult deaths annually. Despite extensive evidence demonstrating the efficacy of antihypertensive medications, high blood pressure remains underdiagnosed and untreated, with around 11 million hypertensive patients unaware of their ailment and 50% of those aware of above-recommended blood pressure levels.

Technological advancements in the medical field allow companies to create a variety of specialized medical devices. Valencell, a company specializing in biometric technology, has created new sensing devices for wearables that offer considerable health benefits. Researchers have recently developed a calibration-free, cuffless pressure measurement system that can be used in a variety of devices to provide accurate readings, including patches, smartwatches, fitness trackers, and oximeter finger clips, among others, thereby driving revenue growth of the blood pressure market. Both medical professionals and patients are interested in portable tracking devices.

In many developing countries, the use of blood pressure monitoring transducers is restricted owing to the expensive cost of these devices, hence hindering market revenue growth. According to Cleveland Clinic, the retail price of pressure measurement transducers ranges between USD 40 and USD 60, depending on the device type. New businesses with inexpensive devices are entering the market, although the average overall retail price for patients in low-income countries appears to be greater. As a result, it is expected to restrict market expansion during the forecast period.

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Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter’s 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.

The report also presents the country-wise and region-wise analysis of the Emergen Research and includes a detailed analysis of the key factors affecting the growth of the market.

Some major factors expected to hamper market growth include significant investments and time required for product development, inadequacy to provide a good seal, difficult size selection, and high maintenance. In spite of all these drawbacks, various benefits and advantages of Blood Pressure is expected to drive deployment during the forecast period.

The market intelligence report is a prototype of the 360° overview of the global Blood Pressure industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.

Competitive Landscape:

The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Blood Pressure market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.  

The major companies Covered in the report are: 

General Electric, Koninklijke Philips N.V, A&D Company, Limited, SunTech Medical, Inc, American Diagnostic Corporation, Withings, Briggs Healthcare, Spacelabs Healthcare, Helen of Troy Limited, GF Health Products, Inc., and Microlife Corporation.

This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Blood Pressure business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.

Segments Covered in this report are:

  • Product Type Outlook (Revenue, USD Billion; 2019-2030)
    • Sphygmomanometer/ Aneroid BP Monitor
    • Digital Blood Pressure Monitor
      1. Arm
      2. Wrist
      3. Finger
    • Ambulatory Blood Pressure Monitor
    • Transducer
      1. Disposable BP Transducer
      2. Reusable BP Transducer
    • Instruments & Accessories
      1. Blood Pressure Cuffs
  • End-Use Outlook (Revenue, USD Billion; 2019-2030)
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
    • Home Healthcare
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019-2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

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Some Key Highlights From the Report

  • The transducer segment accounted for a moderate revenue share in 2021. Medical blood pressure transducers provide a monitor with an identifier that conveys the attributes of the transducer. The monitor could utilize data to assess if the system should operate or to calibrate the system. As a component of disposable pressure measurement systems, the transducer may have two closely-spaced transducers that produce two separate but comparable outputs. Thus, the transducers can be connected concurrently to a patient monitor and a cardiac output monitor.
  • The aneroid blood pressure monitor segment accounted for a significant revenue share in 2021. The aneroid monitor checks the blood pressure directly. One can read the gauge by seeing the marker on the dial. The cuff is worn on the upper arm and is manually inflated by squeezing a rubber bulb. Aneroid displays are typically less expensive than digital monitors. The prices range between USD 20 and USD 40. The cuff incorporates a stethoscope.
  • Home healthcare segment accounted for a significant revenue share in 2021. Home blood pressure monitors can test blood pressure on a daily basis, thereby preventing abrupt health concerns like heart problems and stroke. Digital BP equipment can measure continuous blood pressure 24 hours a day, thereby aiding in the diagnosis of disguised hypertension and decreasing the risk of organ failure.
  • Market in Asia Pacific accounted for moderate revenue share in 2021. Hypertension accounts for one-fourth of all deaths in China. The government of China has set goals to prevent and control hypertension, and the China CDC and other professional public health institutions have undertaken several related initiatives, including the development of related policies and regulations, improvement of hypertension risk factors in the population, and development of National Primary Public Health Services to detect and maintain hypertension patients. The China CDC has implemented several hypertension-related programs, such as those promoting weight loss, salt reduction, and increased physical activity. In addition, on behalf of the Chinese government, China CDC has established and constructed national demonstration sites for the comprehensive prevention and treatment of chronic diseases.
  • On 3 January 2022, Aktiia, the major player in continuous blood pressure monitoring, announced that it will introduce its 24/7 Monitoring Device to the United States, providing the next generation of clinical wearables designed to fulfill the demands of both patients and physicians.

 

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Key Parameters Analyzed in This Section:

  • Company Profiles
  • Gross Revenue
  • Profit margins
  • Product sales trends
  • Product pricing
  • Industry Analysis
  • Sales & distribution channels

Regional Segmentation:

  • North America
  • Latin America
  • Europe
  • Middle East & Africa
  • Asia Pacific

Target Audience of the Report:

  • Leading Companies
  • Large, medium-sized, and small enterprises
  • Investors
  • Value-Added Resellers (VARs)
  • Venture capitalists
  • Third-party knowledge providers

 

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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