LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global blood pressure monitoring testing market is expected to grow at a CAGR of more than 7% during the forecast period.
This research report titled ‘Global Blood Pressure Monitoring Testing Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
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The report categorizes the global blood pressure monitoring testing market into four major product segments. They are:
- Ambulatory Blood Pressure Monitors
- Blood Pressure Transducers Market
- Global blood pressure monitor consumables market
Global sphygmomanometers market
The global sphygmomanometers market is expected to exceed USD 1.6 billion by 2020, growing at CAGR of over 7%. In 2015, the global sphygmomanometers market had the highest market share, accounting for more than 53% of the global blood pressure monitoring testing market. The market is driven by the increase in prevalence of cardiac disorders and other chronic diseases such as diabetes, asthma, and obesity.
Rising awareness about the importance of blood pressure management is increasing the demand for sphygmomanometers in hospitals, ambulatory surgical center (ASCs), and other settings. Sphygmomanometers are most widely used as an essential equipment in monitoring hypertension in medical facilities. “The availability of aneroid and digital sphygmomanometers is likely to increase the demand and sales of sphygmomanometer globally. Also, awareness programs by vendors and healthcare communities about the benefits of preventive medicine will drive market growth,” says Barath Palada, a lead analyst at Technavio for patient monitoring devices research.
Global automated and ambulatory blood pressure monitors market
The global automated and ambulatory blood pressure monitors market is expected to exceed USD 771 million by 2020, growing at CAGR of close to 10%. The market is expected to witness rapid growth during the forecast period owing to an increase in the older adult population and rise in number of people with obesity and cardiovascular diseases.
Advanced handheld and automated blood pressure monitors offer features such as safety, efficacy, and portability, thereby boosting market growth. Development of cloud-based monitoring systems and low patient impact devices have eliminated the barriers associated with the routine use of ambulatory blood pressure monitors. Also, automated and ambulatory blood pressure monitors are increasingly adopted due to product bundling strategy implemented by dominant vendors in the market.
Global blood pressure transducers market
A blood pressure transducer is an invasive type of measurement and mostly used when rapid changes occur in blood pressure due to cardiovascular disability, pharmacological effects, or large fluid shifts. These devices are small, lightweight, and integral with velcro strap.
The global blood pressure transducers market is expected to reach USD 346 million by 2020. The global blood pressure transducers market is likely to grow at a slow rate during the forecast period. The blood pressure transducer is an invasive measurement of blood pressure and is performed by medical supervisors. The invasive blood pressure measurement consists of blood pressure cuffs that are adjustable to the circumference of the arm, pump rubber bulb, and pressure sensors. Also, there are blood pressure transducers that are disposable known as cuff transducers.
Global blood pressure monitor consumables market
Blood pressure monitoring systems are equipped with accessories such as cuff, cables, cannulas, and connectors. In home-based and automatic blood pressure monitors, mostly aneroid or digital monitors are used. These devices have a built-in stethoscope with gauge.
The global blood pressure monitor consumables market is expected to reach USD 285 million by 2020, growing at a CAGR of close to 6%. The global blood pressure monitor consumables market accounted for a minimal share of approximately 10% in the global blood pressure monitoring testing market in 2015.
The top vendors highlighted by Technavio’s research analysts in this report are:
- A&D Medical
- SunTech Medical
- Welch Allyn
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