In terms of growth rate, Asia Pacific is expected to outshine all other regions by clocking a CAGR of 7.3% from 2017 to 2025. The growth in the region is stoked mainly the presence of prominent market players in the countries of China, Japan, and India, who have well-established distribution channels.
Albany, NY -- (SBWIRE) -- 11/15/2017 -- Since the incidence of blood pressure-related medical conditions is on the increase today, there is a growing need for accurate and affordable blood pressure monitors. Rising geriatric population who are prone to high blood pressure is expected to widen the consumer base by triggering incidences of target diseases such as hypertension which is anticipated to drive the demand for blood pressure monitors in the future. The global market discussion on the blood pressure monitoring devices and accessories can be found in the latest study, which has been freshly broadcasted to the wide repository of Market Research Hub (MRH). This is a 254-page study, which is titled as "Blood Pressure Monitoring Devices and Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025", and provides a detailed insight into key drivers and restraints, notable trends, share and size of various segments, and competitive landscape.
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For the benefit of the readers, the report provides a complete perspective on the market's growth on the basis of revenue in US$ Mn, covering different geographical regions namely Europe, North America, Asia Pacific, Middle East & Africa and Latin America. At present, North America leads the market with maximum share because of the incidence of hypertension and the increasing preference of patients for digitally and technologically advanced blood pressure monitoring devices and higher spending for home healthcare segment.
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. It has a huge demand among geriatric population. In the present time, rise in private and public funding for diagnostic medical devices, demand for advanced blood pressure monitoring devices, and favorable regulatory scenario for new devices has increased which as a result, boosting the growth of the global pressure monitoring devices & accessories market. As stated in the report, the global blood pressure monitoring devices and accessories market will likely rise at a steady CAGR of 7.0% during the period between 2017 and 2025. Expanding at this pace, the market which was worth US$1.75 bn in 2016 is expected to become worth US$3.18 bn by 2025.
Moreover, the study provides information and data analysis of the global market with respect to the segments based on device type, end-user, and geography. Based on the device type, the market is divided into sphygmomanometers, automatic blood pressure monitors, ambulatory blood pressure monitors, blood pressure transducers, and blood pressure instrument accessories. Of these, automatic blood pressure monitors segment is projected to be the most attractive segment of the blood pressure monitoring devices & accessories market, in terms of value and volume. Major end-users are Hospitals, Homecare Settings, Ambulatory Surgical Centers, Clinics and others.
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Moving further in the research study, the competitive landscape section features some of the top companies, their products and business strategies, and their standing in the global market. Major players profiled in this report include Omron Healthcare, Inc. (OMRON Corporation), Koninklijke Philips N.V., SunTech Medical, Inc., Schiller AG, SPENGLER, Spacelabs Healthcare, Bosch + Sohn GmbH u. Co. KG, American Diagnostic Corporation, Withings SA, Welch Allyn, Inc. (Hill-Rom), (Halma plc), A&D Medical, and GE Healthcare.
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