NIBP Recording Systems Sales to Surge amid Rising Government CVD Prevention Initiatives: Fact.MR Study
Growing demand for timely detection of heart problems is facilitating adoption of automated measurement systems, widening expansion prospects
Fact.MR, Rockville: Award winning market research company Fact.MR’s ongoing study on the human non-invasive blood pressure (NIBP) recording systems market forecasts a positive growth outlook for 2021. Growth prospects for the forthcoming decade are largely optimistic, as treatment for various cardiovascular disorders acquire precedence across key countries.
Over the years, investments in implementing cardiovascular disease management programs have made significant headways in several countries. The Center for Disease Control and Prevention estimates that heart disease, stroke and other vascular ailments lead to over 800,000 deaths annually in the U.S, contributing over US$ 300 billion in yearly healthcare expenditure. Thus, timely detection of the onset of CVDs is acquiring center-stage, prompting healthcare institutions to collaborate with the government to implement effective prevention programs, thus widening scope for adopting NIBP systems.
Similarly, in the UK, the NHS Long Term Plan identifies CVD as a clinical priority for the forthcoming decade. The plan aims to prevent over 150,000 heart attacks, strokes and dementia cases by helping facilitate early detection and treatment and commissioning a new national CVD prevention audit for primary care. Such efforts are helping bolster adoption of high quality blood pressure measurement devices. Manufacturers are therefore racing to provide technologically advanced measurement devices.
“Leading manufacturers are increasingly targeting the emerging economies of the Asia Pacific region, given the exponentially expanding population base and the consequent increase in the incidence of cardiac ailments,” comments the Fact.MR analyst.
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Key Takeaways from the NIBP Recording Systems Study
- By product type, preference for automated NIBP monitoring devices is expected to surge in forthcoming years
- NIBP recording systems for adult patients likely to hold sway, owing to high requirement for cardiac anomalies management amongst geriatric patients
- Hospitals to remain primary point-of-contact, homecare to emerge as an important end-user segment
- U.S to account for a high revenue share, with over nine of ten patients requiring regular blood pressure measurement
- Ambitious cardiovascular disease prevention and management programs by government entities to fuel sales across the U.K
- Germany and France to experience significant growth
- Asia-Pacific to generate maximum sales: India, China, Japan and South Korea to remain at the forefront
NIBP Recording System Market- Prominent Drivers
- Rapid technological advancements in disbursing enhanced quality healthcare to accelerate NIBP recording systems sales
- Increasing demand for non-invasive treatment to reduce patient trauma is likely to heighten growth prospects
- Measurement limitations arising out of human error while using conventional sphygmomanometers is broadening scope of automated measurement systems
NIBP Recording System Market- Key Restraints
- High purchasing and installation costs to limit uptake of NIBP recording systems across small-scale hospitals and dispensaries
- Limited penetration across geographies due to restricted awareness is expected to constrain revenue margins
Discover more about the NBIP recording systems market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/1157/human-non-invasive-blood-pressure-recording-system-market
Prominent players operating in the global human NIBP recording system market include ADInstruments, BIOSYS Co. Ltd., CAS Medical Systems Inc., Somnomedics GmbH, Criticare Systems Inc. and BIOPAC Systems Inc. among others. These players primarily concentrate on expanding their market footprint by virtue of entering into strategic collaborations, agreements and partnerships besides launching new equipment.
ADInstruments is a prominent human NIBP manufacturer, providing the Human NIBP Nano monitoring system, allowing for the measurement and recording of continuous blood pressure signals via a non-invasive dual finger cuff system. The system is equipped with the Human NIBP Nano Wrist Unit, a nano-correction unit and the Human NIBP Nitro Interface.
Likewise, Somnomedics GmbH manufactures the SOMNOtuchTM NIBP which facilitates continuous long-term blood pressure measurement without a cuff. The device enables beat-to-beat reporting for a time span of 24 hours, providing accurate readings.
More Valuable Insights on the NIBP Recording System Market
In its latest report, Fact.MR offers unbiased analysis of the global NBIP recording system market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (automatic-cycling NIBP monitors, spot-check NIBP monitors, ambulatory NIBP monitors and automated (spot-check) NIBP monitoring devices), patient group (adult, pediatric and neonatal), and end-user (hospitals, clinics, homecare and others) across five major regions of the world (North America, Latin America, Europe, Asia Pacific and MEA).
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