Blood Pressure Monitoring Devices & Accessories Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

Global blood pressure monitoring devices & accessories market size surpassed at US$ 2.1 Bn in 2020 and is expected to grow at a CAGR of 7.3% from 2021 to 2028.

Blood pressure monitoring devices & accessories market size is projected to surpass US$ 3.8 billion by 2027, high prevalence of hypertension is anticipated to drive the global blood pressure monitoring devices & accessories market in the near future.

The medical term for high blood pressure is hypertension. Blood pressure is considered to be normal under a systolic value of 140 mmHg and under a diastolic value of 90 mmHg. A blood pressure monitoring device reads blood pressure automatically based on variations in the volume of blood in the arteries. Systolic and diastolic are terms used to depict or interpret blood pressure. The blood pressure is measured in terms of millimeters of mercury (mmHg). The three stages of hypertension are prehypertension (from 120-139 over 80-90), stage 1 (from 140-159 over 90-99), and stage 2 (from 160 and above over 100 and above).

A Key Driver

  • Hypertension is a serious medical condition that significantly increases the risks of heart, brain, kidney, and other diseases. Hypertension is a major cause of premature death across the world.
  • According to the World Health Organization (WHO), prevalence of hypertension varies across the WHO regions and country income groups. The WHO African Region has the highest prevalence of hypertension (27%), while the WHO Region of the Americas has the lowest prevalence (18%).
  • Prevalence of hypertension exhibits a strong association with the increase in BMI and tribals with BMI > 25 were considerably more in number to have high blood pressure. Salt intake is directly related to hypertension. The prevalence of hypertension was significantly greater among those whose salt intake was more than 10 g per day.
  • Hypertension is considered to be a highly common disorder escalating drastically across the world. It is known as a “silent killer”, as it exhibits no signs or symptoms before diagnosis.
  • According to the CDC research in 2017, prevalence of hypertension in the U.S. was estimated to be 29%, with around 103 million adults in the country affected. An AHA journal published in 2019 stated that 43 million people in Japan were suffering from hypertension, and only half of the patients received treatment.
  • Changing lifestyle, along with poor diet, lack of physical activity, alcohol consumption, and mental stress lead to a rise in blood pressure at an early stage. This drives the need of blood pressure diagnostic devices.
  • All the above-mentioned factors lead for high prevalence of hypertension which is projected to drive the global blood pressure monitoring devices & accessories market during the forecast period

Periodic Calibration and Clinical Validation of Instruments to Hamper Global Market

  • The era of automated and digital blood pressure monitors is positively influencing the adoption rate of technological advancements
  • However, automated, digital, and aneroid sphygmomanometers need to be calibrated periodically by comparing the instrument with a standard and well-maintained mercury sphygmomanometer. The process is carried out by professional and trained personnel to ensure precise and effective measurement and correction of linear errors.
  • This is likely to hamper the blood pressure monitoring devices & accessories market during the forecast period
  • Hence, periodic calibration and clinical validation of instruments is projected to restrain the global blood pressure monitoring devices & accessories market during the forecast period

Adoption of Technologically Advanced Wearable Health Devices to Rise

Non-invasive blood pressure monitoring techniques has gained worldwide acceptance over invasive blood pressure monitoring techniques over the past few decades. In recent years, owing to advancements in technology and a significant focus on product development, portable blood pressure monitoring devices & accessories are entering the blood pressure monitoring devices & accessories market. Additionally, years of research and development has paved the way for advanced blood pressure monitoring devices. For instance, smartphone sensors are increasingly being used for blood pressure monitoring, particularly in home care settings. The adoption of smartphone sensors for blood pressure monitoring is expected to grow at a significant pace, as it offers a higher degree of convenience than the conventional cuff method. According to the team of researchers at the University of Maryland and Michigan State University, the creators of mobile sensors, the newly developed device is likely to encourage individuals to monitor their blood pressure more often and detect hypertension.

While blood pressure monitoring devices & accessories integrated with embedded sensors are expected to become mainstream in the coming years, the demand for wearable fitness technology will experience growth. Driven by the ascending consumer appetite to monitor different health parameters, the demand for wearable medical or fitness technology has grown at an exponential rate in the past few years. Smart health watches, wearable ECG monitors, and wearable blood pressure monitors are expected to revolutionize blood pressure monitoring in the next few years. The global blood pressure monitoring devices & accessories market is on course to enter a digital era wherein blood pressure devices & accessories are likely to decrease in size, offer accurate results, and become more user-friendly.

Potential of Cuffless Blood Pressure Monitoring Devices & Accessories under Review

Conventional blood pressure monitoring techniques, including oscillometric and auscultatory techniques, are extensively used across the world for blood pressure monitoring. However, in the current scenario, awareness about cuffless blood pressure monitoring has gained significant traction and the trend is likely to continue in the blood pressure monitoring devices & accessories market during the forecast period. The demand for cuffless blood pressure monitoring devices & accessories will largely rely on functionalities of the product, along with other factors including user-friendliness and pricing. At present, automated blood pressure measurement techniques are gaining significant popularity, as they play a key role in reducing the workload of healthcare personnel.

Major Segments

In terms of device, the global blood pressure monitoring devices & accessories market has been segmented into sphygmomanometers, automatic blood pressure monitors, ambulatory blood pressure monitors, blood pressure transducers, and blood pressure instrument accessories. Sphygmomanometers have been categorized into mercury sphygmomanometers, aneroid sphygmomanometers, and digital sphygmomanometers. Blood pressure transducers has been classified into disposable and reusable. Blood pressure instrument accessories have been split into blood pressure cuffs, and bladders, bulbs, and valves. The automatic blood pressure monitors segment is projected to dominate the global market during the forecast period, owing to increase in usage in different types of surgeries for different indications. User-friendliness and safe application are the major advantages of these devices. The segment held significant share of the global blood pressure monitoring devices & accessories market in 2020. The automatic blood pressure monitors segment is anticipated to expand at a moderate CAGR between 2019 and 2027, owing to rise in surgeries and adoption rate of self-serving diagnostic tools.

Sphygmomanometers are the other most preferred blood pressure monitors, as these are cost-effective and offer accurate readings. Growth of the sphygmomanometers segment is likely to be stable owing to decline in usage of mercury sphygmomanometers, introduction of large number of aneroid sphygmomanometers in the market, and rise in digitalization in the readings of blood pressure monitors. The blood pressure transducers and blood pressure instrument accessories segments are anticipated to witness moderate growth during the forecast period. High accuracy of blood pressure transducers, increase in the geriatric population, and favorable trade regulations in the developing countries are the major factors expected to propel the blood pressure transducers and blood pressure instrument accessories segments during the forecast period.

Based on end user, the global blood pressure monitoring devices & accessories market has been divided into hospitals, ambulatory surgical centers, clinics, home care settings, and others. The home care settings segment captured the largest market share in 2020, owing to the availability of trained & qualified personnel and favorable reimbursement structure. The segment is expected to expand at the highest CAGR during the forecast period, attributed to the miniaturization of devices and rise in need & demand for self-testing devices by patients. Increase in the geriatric population and improvements in healthcare facilities in developing countries are anticipated to propel the clinics segment during the forecast period. However, rise in need & demand for blood pressure kiosks at public places (gym, airports, colleges, etc.) and government funding to boost the production of blood pressure monitors are likely to augment the ambulatory surgical centers and others segments during the forecast period.

Prominent Regions

North America held major share of the global blood pressure monitoring devices & accessories market in 2020. Highly structured health care industry, presence of key players, and growth strategies of these players are the major factors driving the market in the region. Rise in awareness about the benefits of surgeries and procedures and increase in healthcare expenditure also contribute to the growth of the market in North America.

Asia Pacific held the second largest share of the global blood pressure monitoring devices & accessories market in 2020. Growth of the blood pressure monitoring devices & accessories market in the region can be attributed to rise in prevalence of chronic diseases and well-developed healthcare sector in the region. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period. Increase in number of people with cardiovascular diseases, product approvals, and rise in awareness about cardiovascular diseases are factors anticipated to fuel the growth of the blood pressure monitoring devices & accessories market in the region.

Prominent players operating in the global blood pressure monitoring devices & accessories market include

  • Omron Healthcare, Inc.
  • Koninklijke Philips N.V.
  • Schiller AG
  • American Diagnostic Corporation
  • SPENGLER
  • Spacelabs Healthcare
  • Withings SA
  • Welch Allyn, Inc.
  • SunTech Medical, Inc.
  • A&D Medical
  • GE Healthcare

Market Segmentation

By Device

  • Sphygmomanometers
    • Mercury Sphygmomanometers
    • Aneroid Sphygmomanometers
    • Digital Sphygmomanometers
  • Automatic Blood Pressure Monitors
  • Ambulatory Blood Pressure Monitors
  • Blood Pressure Transducers
    • Disposable Blood Pressure Transducers
    • Reusable Blood Pressure Transducers
  • Blood Pressure Instrument Accessories
    • Blood Pressure Cuff
    • Bladders, Bulbs, and Valves

By End User

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers
  • Home Care Settings
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of the Europe
  • Asia Pacific     
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Report Scope

The Blood pressure monitoring devices & accessories market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Blood pressure monitoring devices & accessories market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Blood pressure monitoring devices & accessories market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Blood pressure monitoring devices & accessories market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Blood pressure monitoring devices & accessories market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Blood pressure monitoring devices & accessories capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Blood pressure monitoring devices & accessories by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Blood pressure monitoring devices & accessories market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Blood pressure monitoring devices & accessories market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Blood pressure monitoring devices & accessories market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Blood pressure monitoring devices & accessories industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Blood pressure monitoring devices & accessories market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Blood pressure monitoring devices & accessories market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Blood pressure monitoring devices & accessories market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Blood pressure monitoring devices & accessories market. These factors have benefited the growth of the global market for Blood pressure monitoring devices & accessories. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Blood pressure monitoring devices & accessories. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Blood pressure monitoring devices & accessories are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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