Blood Pressure Monitoring Devices & Accessories Market – Brief Analysis by Top Key Players
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Hypertension has emerged as one of the prominent health problems globally over the past decade. This health problem may cause cardiovascular morbidity and mortality. The blood pressure monitoring devices and accessories are extensively used to manage and diagnose hypertension. This application of monitoring devices in the medical industry is anticipated to boost opportunities in the blood pressure monitoring devices & accessories market in the upcoming years.
The lifestyle of human beings in constantly changing in the recent years. This changing lifestyle accompanied with mental stress, lack of physical activities, and poor diet lead to different health disorders and illness such as hypertension. Growing awareness about these factors may bring growth impetus in the blood pressure monitoring devices & accessories market.
The blood pressure monitoring devices & accessories market is undergoing significant technological advancements with automated techniques. The key players in the market are investing in R & D activities in order to achieve high precision of products they offer. The advent of blood pressure monitoring devices and accessories with advanced technologies is estimated to create growth opportunities in the market.
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As per the research report by Transparency Market Research, the blood pressure monitoring devices &accessories market is anticipated to expand at a CAGR of over 7.0 % and gain valuation of US$ 3.5 Bn during the forecast period 2019–2027.
Growing Demand for Cuffless Blood Monitoring Device and Accessories Bring Growth Opportunities in Market
Traditional techniques such as auscultatory and oscillometric are widely used to monitor blood pressure. In recent period, there is increase in awareness about several advantages of using cuffless blood pressure monitoring devices & accessories such as functionalities, pricing, and user-friendliness. Thus, growing adoption of these devices is anticipated to create new demand avenues in the blood pressure monitoring devices & accessories market.
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Cuffless blood pressure monitoring devices & accessories are gaining popularity in hospitals and home care settings globally. These modern devices have reduced the burden of healthcare providers with their automated features. This blood pressure monitoring device is gaining popularity because of the drawbacks of cuff blood pressure monitoring devices & accessories. Some of the major disadvantages of these monitoring devices include restricted user movement, nervousness, and discomfort. Due to these drawbacks of cuff blood pressure monitoring devices and accessories, major healthcare professionals across the globe are inclined toward using cluffless blood monitoring devices and accessories. This factor may fuel sales opportunities in the modern monitoring devices and accessories market.
Some of the key players engaged in the blood pressure monitoring devices & accessories market include Schiller AG, Omron Healthcare, Inc., SPENGLER, American Diagnostic Corporation, Spacelabs Healthcare, GE Healthcare, A & D Medical, and Welch Allyn, Inc.
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Increasing Adoption of Technologically Advanced Wearable Health Devices Boosts Sales Opportunities in Market
Non-invasive techniques such as smart wearables are gaining popularity for blood pressure monitoring among people. The growing health consciousness among people serves as driving factor to increase the adoption of these smart blood pressure monitoring devices & accessories. Furthermore, this increased rate of adoption is on the back of technological advancements in these health wearables.
The R & D activities by key market players have paved the way for technologically advanced devices for blood pressure monitoring. For instance, there is notable growth in the adoption of smartphone sensors for blood pressure monitoring in home care settings. This growth can be attributed to convenience and efficiency provided by these modern devices during the detection of hypertension among the masses.
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The manufacturers of blood pressure monitoring devices & accessories are expected to witness increased demand for devices with integrated embedded sensors in the upcoming years. On the other hand, the demand for wearable fitness devices are anticipated to witness significant growth in the near future. Consumers today are looking for smart solutions to monitor their different health verticals. This trend is projected to result in to increased demand for various advanced technologies such as wearable fitness technology in the years to come. These factors are anticipated to fuel growth avenues in the blood pressure monitoring devices & accessories market in the years ahead.
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Published: May 2, 2022
Latest Revision: May 2, 2022
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