Global blood pressure monitoring devices market was valued at US$ 2.0 Bn in 2014 which is estimated to reach US$ 3.8 Bn by 2023 at a CAGR of 7.3% from 2015 to 2023.
Albany, NY -- (SBWIRE) -- 08/19/2016 -- Hypertension, also known as high blood pressure, is a long-term medical condition, wherein blood pressure in the arteries is persistently elevated. High blood pressure usually does not cause symptoms. Long-term high blood pressure; however, is a major risk factor for coronary artery disease, stroke, heart failure, and chronic kidney disease. Factors such as rising obese population, growing incidence of heart diseases, chronic conditions, and diabetes, and increasing hypertensive patients have accelerated demand for blood pressure monitoring devices globally. Measurement of blood pressure on a regular basis is important for monitoring various clinical conditions, which when not monitored regularly could lead to renal failure, heart failure, or stroke.
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The trend of regular monitoring is fast catching up, with patients opting for automated self-care. Currently, majority of the automated blood pressure monitoring devices available are based on oscillometric method that provides accurate results. The number of people diagnosed with high blood pressure is increasing globally. Hypertension remains non-symptomatic unless diagnosed accidently; hence, many patients remain undiagnosed. According to the World Health Organization (WHO), approximately 50% of the total patient population is unaware about the fact that they suffer from hypertension and in some population, awareness is very low, less than 10%. Hence, the WHO has introduced initiatives such as the World Hypertension Day, which aims to increase awareness about hypertension globally.
The automated blood pressure monitors held the largest share of the global blood pressure monitoring devices market in 2014. Major factors driving the automated blood pressure monitors segment include portability, easy to use interface, and multiple display functions such as blood pressure levels and pulse rate that are easy to read. Automated blood pressure monitors also have the feature to store the last measurement of up to 10 readings. With rising preference for home-based monitoring devices, manufacturers are coming up with high-end blood pressure devices that have low cost, show quick and accurate results, and that measure, monitor, store, and notify blood pressure readings to patients as well as health care professionals. Moreover, with rising implementation and acceptance of eHealth and mHealth globally, health care professionals are able to monitor and track the health of patients more efficiently and rapidly. Thus, the automated blood pressure monitors segment is anticipated to expand at a CAGR of 9.0% during the forecast period.
Home blood pressure monitoring devices was the largest end-user segment of the market in terms of revenue in 2014. The segment is projected to dominate the market during the forecast period. Increasing trend of home health care and rising demand for home-based blood pressure monitors have augmented market growth. Moreover, advancement in technologies is also considered a potential driver of the segment. Several leading companies are striving to introduce innovative and novel blood pressure monitors that can be used in home setting.
For instance, in November 2012, OMRON Healthcare introduced HEM-7251G digital blood pressure monitor along with Medical LINK system that transmits blood pressure measurement data automatically through a network. Incorporation of new and advanced technologies by key players would attract new customers, which in turn is likely to drive the home blood pressure monitors market. The kiosk end-user segment is anticipated to expand at the highest CAGR of 10.3% owing to the increasing trend of blood pressure monitoring at kiosks in developed regions such as North America and Europe.
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