Blood Pressure Monitoring Devices Market Size Estimated to Reach $2.43 Billion by 2025

Blood Pressure Monitoring Devices Market Overview
Blood Pressure Monitoring Devices Market size is estimated to reach $2.43 Billion by 2025, growing at a CAGR of 10.1% during the forecast period 2020-2025. Blood Pressure Monitoring is a monitoring tool that can be incorporated into the care for patients with hypertension. Hypertension increases the risk of heart attack, stroke and kidney diseases and is the leading preventable risk factor for global cardiovascular diseases. Increase in the incidences of hypertension, sedentary lifestyle, increase in the government initiatives, growing geriatric population, advancements in technology and increase in the incidences of obesity are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.

Key Takeaways
Geographically, North America Blood Pressure Monitoring Devices Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand.
The increase in the technology and increase in the initiatives by governments is likely to aid in the market growth of 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.
The increase in the awareness about the importance of early diagnostics and increase in the research and development activities are creating higher opportunities for the growth of market for the forecast period 2020-2025.

By Product Type- Segment Analysis
Based on the Product Type, the Sphygmomanometer segment held the largest share in 2019 owing to the factors such as rapid increase in the demand for digital sphygmomanometer, increase in the product launches and improvements in technology. Blood Pressure Transducers segment is estimated to be the fastest growing segment during the forecast period 2020-2025. The growth in this segment is owing to the factors such as increase in the prevalence of hypertension, increase in the aging population, sedentary lifestyle and lack of physical activity.

By End User- Segment Analysis
Based on the End User, Hospitals segment held the largest share in 2019 owing to the factors such as increase in the government initiatives and improvement in the functional independence. Ambulatory Surgery Centers segment is estimated to be the fastest growing segment owing to the factors such as advancements in technology, improvement in the quality of healthcare, reduction in the complications and growing need for cost-effective diagnostic tools.

By Geography – Segment Analysis
Based on the Geography, North America held the largest share in 2019. The growth in this segment is owing to the factors such as increase in the research and development activities, advancements in technology, increase in the product launches and growing awareness about the importance of early diagnosis. Asia-Pacific is estimated to be the fastest growing segment in the forecast period 2020-2025, owing to the factors such as increase in the investment by the major companies in the developing nations, increase in the incidences of hypertension, increase in the awareness among customers and improvements in healthcare facilities.

Drivers – Blood Pressure Monitoring Devices Market
Rapid increase in the incidences of hypertension and increase in the government initiatives
The rapid increase in the incidences of hypertension owing to the factors such as sedentary lifestyle, and lack of proper physical activity is estimated to enhance the growth of Blood Pressure Monitoring Devices Market. Advancements in technology and increase in the government initiatives are also the factors, which enhance the growth of Blood Pressure Monitoring Devices Market.
Increase in the research and development activities and increase in the geriatric population.
There is a rapid increase in the research and development activities owing to the growing demand. This led to rapid increase in the growth of Blood Pressure Monitoring Devices Market. Increase in the geriatric and aging population is also estimated to enhance the growth of the Blood Pressure Monitoring Devices Market.

Challenges – Blood Pressure Monitoring Devices Market
High cost for technological developments and increase in the health consciousness among individuals
The high cost associated with the technological developments is one of the major factors that is estimated to reduce the growth of the Blood Pressure Monitoring Devices Market. Increase in the health consciousness among individuals and lack of trained physicians is also said to reduce the growth of the Blood Pressure Monitoring Devices Market.

Blood Pressure Monitoring Devices Industry outlook:
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 GE Healthcare, Briggs Healthcare, A&D Medical Inc, SunTech Medical Inc, Welch Allyn Inc, American Diagnostics Corporation, Microlife AG, Kaz Inc, Rossmax International Ltd, Philips Healthcare among others.

Acquisitions/Product Launches:
In 2018, SunTech Medical Inc has launched Small Adult PLUS blood pressure cuff to replace the need for adult cuff sizes from small adult to large adult long and thigh, eliminating the need for six or more cuff sizes. The PLUS cuff range is built according to the latest American Heart Association guidelines.
In 2016, American Diagnostics Corporation has launched the next generation diagnostic station called ADView 2, which is an expandable, customizable, feature-rich and amazingly affordable spot vital signs that can monitor the blood pressure and heart rate.