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Blood Pressure Monitoring Devices Market Size, Major Strategies, Key Companies, Revenue Share Analysis, 2022–2028

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The global pressure monitoring market size was USD 8.38 billion in 2020 and is expected to register a steady revenue CAGR of 6.3% during the forecast period

The global Blood Pressure Monitoring Devices Market  is expected to reach USD 13.66 billion in 2028 and register a revenue CAGR of 6.3% over the forecast period, according to latest report published by Reports and Data. Key factors driving global market revenue growth are increasing prevalence of chronic diseases such as cardiovascular diseases, neurological disorders, and pulmonary illnesses, increasing adoption of homecare settings, rising number of product approvals and increasing disposable income.

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The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, the growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. A combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription has significantly contributed to the revenue growth of the market.

  Research Methodology:

Reports and Data utilizes a unique approach to research to offer a comprehensive overview of the global Blood Pressure Monitoring Devices Market to offer insights into investment opportunities for stakeholders, investors, clients, and businesses to make informed decisions. The report includes SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis to offer a better understanding of the market scenario.

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Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.

The growing popularity of over-the-counter medications driving market growth

Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.

Restriction on product launches and RD activities to hamper the market growth

The imposition of strict government regulations and shortage of funds has put a halt on product launches and RD activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.

  Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as RD investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

Philips Healthcare, Welch Allyn, Inc., GE Healthcare, Nihon Kohden Corporation, Raumedic, Drägerwerk AG Co. KGaA, Medtronic plc., Becton, Dickinson and Company, Nonin Medical Inc., AD Medical, Omron Healthcare, Inc., SunTech Medical, Inc., Smiths Medical, Pulnovo Medical(Wuxi) Co.,Ltd, Icare Finland OY, Essilor Group, and Nidek Co., Ltd. are some key players operating in the global Blood Pressure Monitoring Devices Market .

  Blood Pressure Monitoring Devices Market Segmentation:

Type Outlook (Revenue, USD Billion, 2018-2028)

  • Blood Pressure Monitors/Cardiac Pressure Monitors
    • By Device
      • Automated BP Monitors
      • Ambulatory BP Monitors
      • Sphygmomanometers
      • BP Transducers
    • By Technology
      • Digital
      • Aneroid
      • Wearable
    • By Accessory
      • Blood Pressure Cuffs
      • Manometers
      • Valves and Tubing
      • Bulbs
    • Pulmonary Pressure Monitors
      • By Device
        • Oximeters
        • Capnographs
        • Spirometers
      • By Accessory
        • Flanged Mouth Pieces
        • Nasal Probes
        • Filters
        • Nasal Plugs
        • Valves
        • Others
      • Intraocular Pressure Monitors
        • By Accessory
          • Prisms
          • Prisms Sterilizers
          • Tip Covers
          • Sensors
          • Others
        • Intracranial Pressure Monitors
        • Other Pressure Monitoring Devices

Therapeutic Application Outlook (Revenue, USD Billion, 2018-2028)

  • Respiratory Disorders
  • Glaucoma
  • Cardiac Disorders
  • Neurological Disorders
  • Dialysis
  • Others

End Use Outlook (Revenue, USD Billion, 2018-2028)

  • Hospitals
  • Home Care Settings
  • Ambulatory Surgical Centers and Clinics
  • Diagnostic Laboratories
  • Others

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East Africa)

  Frequently asked questions addressed in the report:

  • What is the revenue growth rate of the global Blood Pressure Monitoring Devices Market over the forecast period?
  • What are the major factors driving the growth of the Global Blood Pressure Monitoring Devices Market ?
  • What are the key challenges impacting the global Blood Pressure Monitoring Devices Market growth?
  • What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

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