Sphygmomanometer Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
The sphygmomanometer market is estimated to attain sizable revenue growth on account of surging cases of hypertension and prevalence of hectic urban lifestyle. Growing burden of chronic disorders like cardiovascular diseases could drive the demand for effective diagnostic tools like a sphygmomanometer.
According to the World Health Organization, cardiovascular disease (CVD) is one of the prominent causes of deaths and accounts for more than 18 million mortality each year. Almost two-thirds of the population living in mid to low-income countries suffer from hypertension/high blood pressure. This is considered a serious medical issue that could later lead to kidney, brain, or heart-related diseases. Reports say that more than one billion people around the globe suffer from hypertension.
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Increasing adoption of unhealthy dietary habits and sedentary lifestyle could massively contribute to the prevalence of chronic CVD diseases, driving the adoption of sphygmomanometers. According to a study conducted by GMI, the sphygmomanometer market could cross USD 2.9 billion by the year 2026.
Increasing geriatric population along with surging disease burden has driven the need for effective healthcare facilities across Europe. Countries like Germany had previously dominated the European sphygmomanometers industry by holding nearly 16% of the overall market share in 2019. Proliferating investments for the development of accurate and effective blood pressure monitors could play a crucial role in advancing the sales of sphygmomanometer in Europe.
According to reports, Italy spends almost 9.3% of its GDP on healthcare developments and infrastructure, making it one of the top ranked countries in terms of healthcare facilities. Standardization of safety and accuracy of sphygmomanometers by the European Union will strengthen the demand and reliability of monitoring devices among the general public.
Companies operating in the sphygmomanometer industry are emphasizing on critical strategies like business collaborations, partnerships, mergers, crowdfunding and new product launches to enhance their share in the market. Taking August 2020 for instance, Preventric AI, a local digital health firm, decided to raise funding for its new FDA-approved smart blood pressure monitor, the BPro.
Currently, companies like A&D Company, OMRON Corporation, Hill-Rom Services Inc., Microlife Corporation, American Diagnostic Corporation, Acoma Medical, Ciga Healthcare and CONTEC Medical are leading the industry landscape with their pioneering product and service offerings.
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Partial Chapter of the Table of Content
Chapter 3. Sphygmomanometer Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2026 (USD Million and Units)
3.3. Industry impact forces
3.3.1. Growth drivers
184.108.40.206. Rising incidence of cardiovascular disorders including hypertension
220.127.116.11. Increase in average patient visits in healthcare settings
18.104.22.168. Technological advancements in sphygmomanometers
22.214.171.124. Growing geriatric population pool
3.3.2. Industry pitfalls & challenges
126.96.36.199. Decreasing adoption of mercury thermometer
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By operation
3.4.3. By configuration
3.4.4. By end-use
3.5. COVID-19 impact analysis
3.6. Regulatory landscape
3.7. Porter’s analysis
3.8. Competitive landscape, 2019
3.8.1. Company matrix analysis, 2019
3.9. PESTEL analysis
Chapter 4. Sphygmomanometer Market, By Product
4.1. Key segment trends
4.2. Mercury Sphygmomanometer
4.2.1. Market size, by region, 2015 – 2026 (USD Million)
4.2.2. Market size, by region, 2015 – 2026 (Units)
4.3. Aneroid Sphygmomanometer
4.3.1. Market size, by region, 2015 – 2026 (USD Million)
4.3.2. Market size, by region, 2015 – 2026 (Units)
4.4. Digital Sphygmomanometer
4.4.1. Market size, by region, 2015 – 2026 (USD Million)
4.4.2. Market size, by region, 2015 – 2026 (Units)
4.4.3. Wrist Electronic Sphygmomanometer
188.8.131.52. Market size, by region, 2015 – 2026 (USD Million)
184.108.40.206. Market size, by region, 2015 – 2026 (Units)
4.4.4. Arm Electronic Sphygmomanometer
220.127.116.11. Market size, by region, 2015 – 2026 (USD Million)
18.104.22.168. Market size, by region, 2015 – 2026 (Units)