The digital or electrical sphygmomanometer global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Digital Or Electrical Sphygmomanometer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The digital or electrical sphygmomanometer market size has grown rapidly in recent years. It will grow from $1.02 billion in 2023 to $1.14 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to increasing prevalence of hypertension, rising need for precise blood pressure monitoring, growing awareness of cardiovascular health, healthcare professional recommendations, improvements in device accuracy.
The digital or electrical sphygmomanometer market size is expected to see rapid growth in the next few years. It will grow to $1.78 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to rise of telemedicine, increasing focus on home health monitoring, expansion of wearable health technology, growing health consciousness among younger populations, rising elderly population. Major trends in the forecast period include integration with AI for predictive analytics, adoption of wearable and connected health technologies, development in smart home healthcare solutions, advancement in advanced multi-functional devices, and growing emphasis on sustainable and eco-friendly materials.
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Scope Of Digital Or Electrical Sphygmomanometer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Digital Or Electrical Sphygmomanometer Market Overview
Market Drivers –
The rising incidence of hypertension is anticipated to drive the growth of the digital or electrical sphygmomanometer market in the future. Hypertension is a medical condition characterized by consistently high blood pressure against the artery walls, leading to various health complications. Factors such as high sodium intake, often from processed foods, elevate blood pressure by causing water retention, which increases blood volume and puts strain on the heart and blood vessels. Digital sphygmomanometers enhance hypertension care by providing accurate, consistent measurements, home monitoring capabilities, and data recording features. For instance, in January 2024, the American Heart Association, a US-based nonprofit organization focused on cardiovascular medical research, reported that there were 124,508 deaths in the US primarily attributed to high blood pressure in 2021. Moreover, in January 2023, another report from the American Heart Association stated that there were 119,997 deaths in the US in 2020 due to high blood pressure. Thus, the rising incidence of hypertension is significantly driving the growth of the digital or electrical sphygmomanometer market.
Market Trends –
Major companies operating in the digital or electrical sphygmomanometer market are focused on developing advanced products, such as automatic blood pressure monitors, to provide real-time health monitoring capabilities. An automatic blood pressure monitor measures blood pressure by inflating the cuff and detecting arterial blood flow, digitally displaying systolic and diastolic readings. For instance, in February 2022, InBody Pvt. Ltd., a South Korea-based medical technology company, launched the BP 170. This automatic blood pressure monitor utilizes a patented one-touch cuff and oscillometric method to measure systolic and diastolic blood pressure and pulse rate accurately. It features a large screen for easy readability. It syncs with the InBody mobile app, which allows users to track their health progress over time. The device meets the ISO 81060-2:2018 standard, ensuring reliability and accuracy. It also detects irregular pulse rates, early morning hypertension, and improper cuff positioning, enhancing home health monitoring.
The digital or electrical sphygmomanometer market covered in this report is segmented –
1) By Product Type: Upper Arm, Wrist Type
2) By Technology: Full Automatic, Semi Automatic
3) By Portability: Portable, Non-Portable
4) By End-User: Hospitals And Clinics, Ambulatory Care Centers, Home Care Settings, Other End-Users
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Regional Insights –
North America was the largest region in the digital or electrical sphygmomanometer market in 2023. The regions covered in the digital or electrical sphygmomanometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Omron Healthcare Inc., Smiths Group, Welch Allyn Inc., Contec Medical Systems Co.Ltd., Beurer GmbH, SCHILLER AG, BPL Medical Technologies, Microlife Corporation, SunTech Medical Inc., Rossmax International Ltd., Rudolf Riester GmbH, iHealth Labs Inc., Citizen Systems Japan Co. Ltd., American Diagnostic Corporation, GPC Medical Ltd., A&D Company Limited, Bremed Ltd., Nissei Co. Ltd., Timesco Healthcare Ltd., ChoiceMMed, Ozeri, Panasonic Healthcare Co. Ltd., Zewa Medical Technology
Table of Contents
1. Executive Summary
2. Digital Or Electrical Sphygmomanometer Market Report Structure
3. Digital Or Electrical Sphygmomanometer Market Trends And Strategies
4. Digital Or Electrical Sphygmomanometer Market – Macro Economic Scenario
5. Digital Or Electrical Sphygmomanometer Market Size And Growth
…..
27. Digital Or Electrical Sphygmomanometer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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