Blood Pressure Monitoring Devices & Accessories Market by Application, Trends and Growth Rate to 2027

Wilmington, Delaware, United States, Transparency Market Research Inc.: According to Transparency Market Research’s latest research report on the global blood pressure monitoring devices & accessories market for the historical period and the forecast period, high prevalence of hypertension is anticipated to drive the global blood pressure monitoring devices & accessories market in the near future

Wilmington, Delaware, United States, Transparency Market Research Inc.: According to Transparency Market Research’s latest research report on the global blood pressure monitoring devices & accessories market for the historical period (2017–2018) and the forecast period (2019–2027), high prevalence of hypertension is anticipated to drive the global blood pressure monitoring devices & accessories market in the near future

According to the report, the global blood pressure monitoring devices & accessories market was valued at ~US$ 1.9 Bn in 2018 and is projected to expand at a CAGR of ~7% from 2019 to 2027

High Prevalence of Hypertension: A Key Driver

Hypertension is a serious medical condition that significantly increases the risks of heart, brain, kidney, and other diseases. Hypertension is a major cause of premature death across the world.

According to the World Health Organization (WHO), prevalence of hypertension varies across the WHO regions and country income groups. The WHO African Region has the highest prevalence of hypertension (27%), while the WHO Region of the Americas has the lowest prevalence (18%).

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Prevalence of hypertension exhibits a strong association with the increase in BMI and tribals with BMI > 25 were considerably more in number to have high blood pressure. Salt intake is directly related to hypertension. The prevalence of hypertension was significantly greater among those whose salt intake was more than 10 g per day.

Hypertension is considered to be a highly common disorder escalating drastically across the world. It is known as a “silent killer”, as it exhibits no signs or symptoms before diagnosis.

According to the CDC research in 2017, prevalence of hypertension in the U.S. was estimated to be 29%, with around 103 million adults in the country affected. An AHA journal published in 2019 stated that 43 million people in Japan were suffering from hypertension, and only half of the patients received treatment.

Changing lifestyle, along with poor diet, lack of physical activity, alcohol consumption, and mental stress lead to a rise in blood pressure at an early stage. This drives the need of blood pressure diagnostic devices.

All the above-mentioned factors lead for high prevalence of hypertension which is projected to drive the global blood pressure monitoring devices & accessories market during the forecast period

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Periodic Calibration and Clinical Validation of Instruments to Hamper Global Market

The era of automated and digital blood pressure monitors is positively influencing the adoption rate of technological advancements

However, automated, digital, and aneroid sphygmomanometers need to be calibrated periodically by comparing the instrument with a standard and well-maintained mercury sphygmomanometer. The process is carried out by professional and trained personnel to ensure precise and effective measurement and correction of linear errors.

This is likely to hamper the blood pressure monitoring devices & accessories market during the forecast period

Hence, periodic calibration and clinical validation of instruments is projected to restrain the global blood pressure monitoring devices & accessories market during the forecast period

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Lack of Reimbursement

Reimbursement is not provided for all types of sphygmomanometers and blood pressure monitors. For instance, Medicaid focuses solely on home blood pressure monitors.

Medicare’s reimbursement services for ambulatory blood pressure monitors are applicable only for “white-coat hypertension” suspected cases

Rise in awareness about hypertension and its prevalence is likely to offset the impact of this restraint during the forecast period

Blood Pressure Monitoring Devices & Accessories Market: Competitive Landscape

This report profiles major players operating in the global blood pressure monitoring devices & accessories market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global blood pressure monitoring devices & accessories market is moderately fragmented, with the presence of a few large players in the international market and numerous small players in regional markets. The top 4 to 5 players hold major share of the global blood pressure monitoring devices & accessories market.

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Prominent players operating in the global blood pressure monitoring devices & accessories market include

  • Omron Healthcare, Inc.
  • Koninklijke Philips N.V.
  • Schiller AG
  • American Diagnostic Corporation
  • SPENGLER
  • Spacelabs Healthcare
  • Withings SA
  • Welch Allyn, Inc.
  • SunTech Medical, Inc.
  • A&D Medical
  • GE Healthcare

The report on the global blood pressure monitoring devices & accessories market discusses individual strategies, followed by company profiles of manufacturers of blood pressure monitoring devices & accessories. The ‘competitive landscape’ section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global blood pressure monitoring devices & accessories market.

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