The blood pressure monitoring devices market size was valued at USD 5.1 billion in 2023 and is expected to reach USD 10.8 billion by 2032, at a CAGR of 8.6%.
FORT COLLINS, Colo., April 21, 2024 (Globe Newswire) —
Population growth and subsequent increase in spending on healthcare will drive market growth.
of Blood pressure monitoring device market Significant growth is expected, especially in untapped markets and geographies that are witnessing rising health consciousness. Emerging countries such as China, India and Brazil have large populations and rising healthcare spending, creating lucrative opportunities for manufacturers of blood pressure monitoring devices. Health spending in emerging markets is projected to jump from $2.4 trillion in 2015 to $4.2 trillion by 2025, according to a World Economic Forum report.
Additionally, increased health awareness and government initiatives aimed at promoting preventive care and managing conditions such as high blood pressure are expected to drive the adoption of blood pressure monitoring devices. For example, the National Prevention and Control Program for Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS), launched by the Government of India in 2010, emphasizes the government’s commitment to screening and control of non-communicable diseases, including hypertension. This creates favorable conditions for health. Blood pressure monitoring device market.
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Segmentation overview:
The blood pressure monitoring devices market is segmented into product type, technology, sales channel, and region.
Blood pressure monitors will lead this type of product for years to come.
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The popularity of digital blood pressure monitors can be attributed to their ease of use, accuracy, and affordability compared to other types of blood pressure monitoring devices. These devices provide quick and reliable readings, making them the preferred choice for medical professionals and individuals monitoring blood pressure at home.
Digital devices have recorded significant growth and will continue to drive growth in this sector.
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Digital blood pressure monitoring devices, such as digital blood pressure monitors and digital portable blood pressure monitors, have gained significant market share due to their easy-to-use interfaces, accurate readings, and long-term data storage and tracking capabilities. Digital devices are widely available and affordable, making them a popular choice for both healthcare facilities and home users.
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Highlights of the Blood Pressure Monitoring Devices Market Report:
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Prominent players in the Blood Pressure Monitoring Devices market report include Omron Healthcare, A&D Medical, Hillrom Holdings, Koninklijke Philips NV, Beurer GmbH, Withings, Qardio, Inc., Briggs Healthcare, American Diagnostic Corporation, and Rossmax International Ltd. . ., Microlife Corporation, Spacelabs Healthcare.
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