Global blood pressure monitoring device market is expected to reach USD 3.25 billion by 2021, growing at a CAGR of around 7.5% between 2016 and 2021.
Sarasota, FL -- (SBWIRE) -- 03/15/2017 -- Zion Market Research has published a new report Titled "Blood Pressure Monitoring Device Market by Device Type (Mercury based Blood Pressure Monitor and Digital Blood Pressure Monitor) and by Accessory Type (Blood Pressure Cuffs, Manometers, Valves & Bladders, and Others) for Hospitals, Homecare, Diagnostics Laboratory and Others Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021". According to the report, the global blood pressure monitoring device market accounted for around USD 2.15 billion in 2015 and is expected to reach approximately USD 3.25 billion by 2021, growing at a CAGR of around 7.5% between 2016 and 2021.
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Blood pressure refers to force exerted by blood on the walls of blood vessels as the result of the heart pump. The systolic blood pressure defined as the highest pressure in the arteries when the hearts contracts while the diastolic blood pressure is defined as lowest pressure when the heart relaxes. Blood pressure monitoring devices used to understand the risks of blood pressure and help in management, measurement, and monitoring of the problems of blood pressure.
The major factor responsible for the growth of blood pressure monitoring device market is increased preventive care of the geriatric and obese population. In addition, emerging technologies for automation in blood pressure monitoring is largely contributing to the growth of blood pressure monitoring device market. On another hand, high cost and low accuracy rate of devices are affecting the growth of blood pressure monitoring device market. However, untapped market, increasing the prevalence of chronic disease and support by governments is expected to generate new opportunities during the forecast period for blood pressure monitoring device market.
On the basis of device type, the market of blood pressure monitoring device is bifurcated as mercury-based blood pressure monitor and digital blood pressure monitor. Among these tow type mercury-based blood pressure monitor segment was leading the market but nowadays digital blood pressure monitor segment is leading the market with CAGR of around 13.5%. Mercury based blood pressure monitor is referred as the gold standard portable device for blood pressure but it contains the toxic substance and requires clinical skills to operate. Mercury based blood pressure monitor is further classified as mercury sphygmomanometer and aneroid sphygmomanometers and digital blood pressure monitors are classified as arm-type, wrist-type, and finger-type.
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On the basis of accessory type, the market of blood pressure monitoring device is segmented as blood pressure cuffs, manometers, valves & bladders, and others. Due to high demand blood pressure cuffs and manometers segments is dominating the market and it is expected to remain dominant in the forecast period.
On the basis of end user, the market of the blood pressure monitoring device is segmented as hospitals, home care, diagnostics laboratory and others. As a result of increasing geriatric population, preventive care has been increased thus homecare segment is dominating the blood pressure monitoring device market.
On the basis of the region, the market of blood pressure monitoring device is segmented as North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. In 2015, North America dominated the market with more than 42% share of the global market and as a result of increasing geriatric population and new emerging technologies North America is expected to remain dominant in coming years. Asia-Pacific is the fastest growing region and it is expected to show noticeable growth during the forecast period.
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Blood Pressure Monitoring Device Market: Device Type Segment Analysis
Mercury-Based Blood Pressure Monitor
Digital Blood Pressure Monitor
Blood Pressure Monitoring Device Market: Accessory Type Segment Analysis
Blood Pressure Cuffs
Valves and Bladders
Blood Pressure Monitoring Device Market: End User Segment Analysis
Blood Pressure Monitoring Device Market: Regional Segment Analysis
The Middle East and Africa
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