Blood Pressure Monitoring Devices Market Size Estimated to Grow at CAGR of 9.8% During 2022-2027

Blood Pressure Monitoring Devices Market | IndustryArc
The increasing predominance of hypertension owing to altered lifestyles is set to drive the Blood Pressure Monitoring Devices Market

Blood Pressure Monitoring Devices Market size is estimated to reach $2.71 billion by 2027, growing at a CAGR of 9.8% during the forecast period 2022-2027. Blood Pressure Monitoring Devices traditionally refer to mercury sphygmomanometers. An inflatable cuff fastened to the blood pressure monitor is positioned around the patient’s upper arm while the patient is seated beside a table by resting the arm on the table. A stethoscope is positioned below the cuff, around the inside of the elbow. Supervising cardiovascular function in severely sick patients in the emergency department (ED) is of predominant significance. Arterial pressure (AP) is normally supervised utilizing intermittent oscillometric measurements with an upper arm cuff. The vascular unloading technique (VUT) permits continuous noninvasive AP monitoring. The clinical reference technique for blood pressure monitoring in high-risk surgical patients and crucially sick patients is continuous invasive blood pressure measurement utilizing an arterial catheter system. An essential prerequisite for correct invasive blood pressure monitoring utilizing an arterial catheter system is an in-depth comprehension of the measurement principle, of blood pressure waveform quality criteria, and of typical traps that can misrepresent blood pressure readings. Mercury is utilized in blood pressure measurement in blood pressure monitors or sphygmomanometers. The device includes a mercury manometer in which mercury increases to a definite height in response to blood pressure. Mercury has conventionally been utilized in pressure measurements (in manometers) and in thermometers. Aneroid gauges record pressure by the bend of a diaphragm within the meter. Overpressurization, mechanical vibration, and shock received at the time of regular application can all bring about these gauges to record erroneously. Clinical personnel should be recommended to have the units inspected succeeding any abuse like an accidental drop that might have brought about the damage. This will minimize the risk of erroneous readings.

The increasing predominance of hypertension owing to altered lifestyles is set to drive the Blood Pressure Monitoring Devices Market. The soaring demand for blood pressure monitors and aneroid gauges owing to the expanding population of the elderly and the heightened risk of lifestyle-related ailments amidst an extensive population ascribed to obesity and sedentary lifestyle is set to propel the growth of the Blood Pressure Monitoring Devices Market during the forecast period 2022-2027. This represents the Blood Pressure Monitoring Devices Industry Outlook.

Blood Pressure Monitoring Devices Market Segment Analysis – By Type:

The Blood Pressure Monitoring Devices Market based on type can be further segmented into Automated Blood Pressure Monitors, Ambulatory Blood Pressure Monitors, Sphygmomanometers, Blood Pressure Transducers, and Blood Pressure Instruments Accessories. The Sphygmomanometers Segment held the largest market share in 2021. This growth is owing to the surging technological progress and the soaring novel product launches worldwide. Soaring innovations are taking place in aneroid gauge. The proliferating advantages of digital sphygmomanometers owing to their precise outcomes and effortless application are further propelling the growth of the Sphygmomanometers segment.

Furthermore, the Blood Pressure Transducers segment is estimated to grow with the fastest CAGR of 10.7% during the forecast period 2022-2027 owing to the soaring application of disposable blood pressure (BP) transducers which are planned to offer constant and precise readings of arterial and venous blood pressure assessments in animals of all sizes with no stopcock and for humans and big animals with stopcock apart from the application of aneroid gauge for humans.

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Blood Pressure Monitoring Devices Market Segment Analysis – By End User:

The Blood Pressure Monitoring Devices Market based on end-user can be further segmented into Hospitals And Clinics, Ambulatory Surgical Centers, homes, and Others. The Hospitals And Clinics Segment held the largest market share in 2021. This growth is owing to the existence of an enormous pool of hypertensive patients worldwide. Aneroid gauge is being utilized to measure blood pressure. The soaring acceptance of blood pressure monitoring devices which are affordable, fast, and precise diagnostic tools for superior health results is further propelling the growth of this segment.

Furthermore, the Home segment is estimated to grow with the fastest CAGR of 10.9% during the forecast period 2022-2027 owing to the surging application of home healthcare owing to the great cost-effectiveness of this option for blood pressure monitoring right at home in conjunction with the accessibility of smart wearables that provide mobility and the surging preference for independent living apart from the application of aneroid gauge.

Blood Pressure Monitoring Devices Market Segment Analysis – By Geography:

The Blood Pressure Monitoring Devices Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America (Blood Pressure Monitoring Devices Market) held the largest share with 39% of the overall market in 2021. The growth of this region is owing to the greatly regulated and well-entrenched healthcare infrastructure in the region. The surging financing and demand for blood pressure monitors including aneroid gauges owing to a heightened burden of hypertensive patients are further driving the growth of the Blood Pressure Monitoring Devices Market in this region. The existence of key players like Omron Healthcare in the U.S. in the region is further propelling the growth of the Blood Pressure Monitoring Devices Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like accelerated financing by principal firms in developing economies in the Asia-Pacific region. The enhanced healthcare facilities employing aneroid gauge increased predominance of hypertension, and surging awareness regarding high blood pressure is further fuelling the progress of the Blood Pressure Monitoring Devices Market in the Asia-Pacific region.

Blood Pressure Monitoring Devices Market Drivers

Soaring Innovations In Aneroid Gauge Are Projected To Drive The Growth Of Blood Pressure Monitoring Devices Market:

Aneroid blood pressure gauges may be utilized owing to the absence of mercury in them. Though contemporary aneroid gauges are typically precise and trustworthy, users require to remember that the efficient function of these tools relies considerably on periodic inspection. Aneroid gauge registers pressure by the bend of a diaphragm on the inside of the meter. In bustling medical surroundings where machinery requires to be strong, Welch Allyn aneroid sphygmomanometers including shock-resistant DuraShock® technology maintain blood pressure gauges securely precise and calibrated lengthier in comparison with conventional aneroid sphygmomanometers. Welch Allyn DuraShock™ blood pressure gauges are characterized by progressive gear-free technology, the earliest principal innovation in aneroid technology in almost 100 years. Precise blood pressure readings may be kept up with reduced lifetime cost with Welch Allyn DuraShock Technology. The soaring innovations of aneroid gauges are therefore fuelling the growth of the Blood Pressure Monitoring Devices Market during the forecast period 2022-2027.

Surging Digital Health Innovations Pertaining To Hypertension Are Expected To Boost The Demand Of Blood Pressure Monitoring Devices Market:

Apart from innovations in aneroid gauge, digital health innovations are also propelling the growth of the Blood Pressure Monitoring Devices Market. Digital health innovations pertaining to hypertension principally include wireless smartphone-based upper arm blood pressure monitors, cuffless blood pressure sensors, remote monitoring technologies and user-friendly mobile applications. These tools hold the promise to improve regulation of hypertension together with adherence to medicines by way of superior connectivity with clinicians and reminder alerts for medicines. In January 2021, Valencell, declared that its pioneering calibration-free, cuffless blood pressure (BP) technology for wearables is currently capable of being utilized in tools worn on the finger and wrist. The technology, which delivers cuff-like BP precision to additional parts of the body, was declared earliest in January 2020 for hearables, hearing aids and additional ear-based instruments. This most-recent progress considerably extends the count of device form factors to embed the technology, inclusive of smartwatches, fitness bands, patches and pulse oximeter finger clips. These kinds of surging innovations pertaining to hypertension are driving the growth of the Blood Pressure Monitoring Devices Market during the forecast period 2022-2027.

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Blood Pressure Monitoring Devices Market Challenges

Challenges Of Blood Pressure Self Measurement (BPSM) Are Hampering The Growth Of The Blood Pressure Monitoring Devices Market:

Blood Pressure Self Measurement (BPSM) needs patients to adhere to a series of recommendations to be regarded as trustworthy for diagnostic application. Recommendations are as follows:

1. The patient must be adequately relaxed and seated precisely prior to and at the time of the evaluation.

2. The patient must reside in a calm environment and must not speak at the time of the evaluation.

Recommendations change between the distinct nations. However, typically they deal with identical fundamental contents. Challenges of blood pressure self-management include current devices not ensuring that the recommendations are being adhered to, the inability of healthcare providers to confirm if self-monitoring patients adhere to the recommendations, patients not being acquainted with all the recommendations and the requirement to adhere to them, the hazard of patient-activated reporting bias, the hazard of healthcare provider activated data transfer bias and hazard of data being registered as belonging to the incorrect patient. These issues are hampering the growth of the Blood Pressure Monitoring Devices Market.

Blood Pressure Monitoring Devices Market – Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Blood Pressure Monitoring Devices Market. Key companies of this market are:

Omron Healthcare
GE Healthcare
Welch Allyn, Inc.
A&D Medical Inc.
SunTech Medical, Inc.
Withings
Kaz Inc.
Microlife AG
Rossmax International Ltd.
Spacelabs Healthcare Inc.

Recent Developments

In November 2021, GE aimed radiology effectiveness with novel product launches. GE Healthcare is introducing novel products across a series of medical imaging modalities at RSNA 2021, with a typical theme: making radiology departments and imaging centers more effective. The launches involve a novel MRI family and a novel CT scanner.

In November 2021, it was reported that GE Healthcare doubled down on Artificial Intelligence (AI) with novel product introductions, partnerships with Optellum and Cambridge. As GE readies to spin off its healthcare business into a segregated entity, the soon-to-be standalone firm is forging ahead in its pursuit to establish a wide series of artificial intelligence instruments planned to overhaul and revamp existing hospital practices. At the Radiological Society of North America’s continuous yearly meeting, GE Healthcare not only revealed dozens of novel digital solutions to enhance patient screening, diagnostics, treatment, and monitoring but also contributed additional attention to numerous AI-powered technologies the firm has debuted in current months.

In February 2020, GE Healthcare launched a novel cybersecurity service offering that brings together medical device expertise, artificial intelligence, and process administration tools to assist hospital groups in their battle against cybersecurity threats. The novel solution, termed Skeye, strengthens hospitals’ existing resources and capacities by offering proactive supervision by way of a remote security operations center (SOC) – assisting them in discovery, investigation, and response to cybersecurity threats and events in real-time. As more appliances become connected, cybersecurity hazard surges – and security incidents can deeply impact an organization’s productivity, finances, quality of care, and reputation.

Key Takeaways

Geographically, North America Blood Pressure Monitoring Devices Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the soaring demand for blood pressure monitors and aneroid gauges attributed to the raised burden of hypertensive patients in the North American region.

Blood Pressure Monitoring Devices Market growth is being driven by the increasing burden of cardiovascular ailments and expanding population of the elderly requiring application of aneroid gauges. However, the towering cost of technological developments and the dearth of trained specialists are some of the major factors hampering the growth of the Blood Pressure Monitoring Devices Market.

Blood Pressure Monitoring Devices Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Blood Pressure Monitoring Devices Market report.

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