According to the World Health Organization about 17.7 million people globally die due to cardiovascular diseases which is equivalent to 31% of all the deaths. The important aspect is that 75% of all the deaths occurred due to cardiovascular diseases were in developed countries. The primary cause for such huge morbidity are incessant smoking, consumption of alcohol, unhealthy diet and diabetes. The ambulatory blood pressure monitors are facing market competition from digital sphygmomanometers, blood pressure transducers and automated blood pressure monitors.
The products market for ambulatory blood pressure monitors consist of arm-worn ambulatory blood pressure monitor, wrist-worn ambulatory blood pressure monitor and accessories. The business milieu currently prevailing in the ambulatory blood pressure monitors market is given by market estimation and data forecast for the duration 2015-2025.
The scope of the report consists of the geography segment furnished with market size and data forecast for each geographical region.
Competitive landscape helps in understanding the merger and acquisitions taking place among the key player in ambulatory blood pressure monitors market. The prevailing competition acts as a driving factor for cardinal players to launch products exhibiting innovative technology. Company profiles furnish important information such as product portfolio and recent news coverage. The outstanding leaders operating in ambulatory blood pressure monitors market are Omron Healthcare Company Ltd., A&D Company Ltd., Bosch + Sohn, GE Healthcare, Microlife, Rudolf Riester GmbH, Spacelabs Healthcare, Schiller AG, SunTech Medical, Suzuken Co., Ltd. and Vasomedical, Inc.
Ambulatory blood pressure monitoring devices are used for the measurement of blood pressure at regular intervals. The primary benefit of ambulatory blood pressure monitors is to eradicate false high blood pressure readings that are obtained due to anxiety experienced by patient during examination process in hospitals. It is advised with great importance by the American Association of Cardiology that accurate blood pressure measurement should be done only when the patient is at ease. Arm worn ambulatory blood pressure monitors held the largest market due to its accuracy and lower prices compared to wrist worn ambulatory blood pressure monitors. Wrist worn ambulatory blood pressure monitors have become the latest trendsetter in the blood pressure measuring devices market segment on account of increasing demand from geriatric population to reduce frequent clinic visit and rising demand of wireless blood pressure monitoring in patients staying in remote areas. The prominent players functioning in the ambulatory blood pressure monitors market are A&D Company Ltd., Bosch + Sohn, GE Healthcare, Microlife, Omron Healthcare Company Ltd., Rudolf Riester GmbH, Spacelabs Healthcare, Schiller AG, SunTech Medical, Suzuken Co., Ltd. and Vasomedical, Inc.
As per the research findings of Center for Disease Control and Prevention 2015 report about 1 in 3 adult citizen which is equivalent to 75 million U.S. citizens are suffering with hypertension. Increasing number of citizens suffering with hypertension and increasing demand for patient monitoring in homecare settings drives the North American market. Europe will register a decent growth due to rising geriatric population suffering with cardiovascular diseases. Eastern Europe is a potential market for mobile based ambulatory blood pressure monitors due to increasing number of patients suffering with chronic diseases in remote areas. Asia Pacific is the futuristic market for ambulatory blood pressure monitors on account of rising public health awareness and presence of IT healthcare companies actively engaged in making android apps to monitor blood pressure.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Ambulatory Blood Pressure Monitors market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report