Sphygmomanometer Global Market is Projected to Increase Revenues Growth, Business Insights, Future Demand and Forecast 2024-2033 | Welch Allyn Inc., Koninklijke Philips N.V., Paul Hartmann AG, 3B Scientific, Hill-Rom Services Inc.

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Overview and Scope
A sphygmomanometer refers to a device used for measuring blood pressure, particularly the pressure in arteries. It consists of an inflatable cuff to restrict blood flow and a gauge to measure the pressure.

Sizing and Forecast
The sphygmomanometer market size has grown strongly in recent years. It will grow from $2.8 billion in 2023 to $3.06 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to construction industry growth, agricultural sector demand, versatility and reach, infrastructure projects, efficiency in material handling, demand from rental market.

The sphygmomanometer market size is expected to see strong growth in the next few years. It will grow to $4.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to renewable energy projects, urbanization and vertical construction, precision agriculture practices, focus on environmental sustainability, safety regulations compliance, global economic recovery. Major trends in the forecast period include product innovation, compact and maneuverable designs, electric and hybrid models, integration of telematics and iot, use of high-strength materials..

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Segmentation & Regional Insights
The sphygmomanometer market covered in this report is segmented –
1) By Product: Electronic Sphygmomanometer, Aneroid Sphygmomanometer, Mercury Sphygmomanometer
2) By Configuration: Portable, Desk Mounted, Floor Standing, Wall Mounted
3) By Operation: Electric, Manual, Automatic, Semi-automatic
4) By End User: Hospitals, Ambulatory Surgical Centers And Clinics, Home Healthcare, Other End Users

North America was the largest region in the sphygmomanometer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global sphygmomanometer market during the forecast period. The regions covered in the sphygmomanometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing prevalence of chronic illnesses such as diabetes, hypertension, and ischemic heart disease is expected to propel the growth of the sphygmomanometer market going forward. Chronic illnesses are long-lasting medical conditions requiring ongoing management and medical care. Sphygmomanometers are used to manage chronic illnesses and can be used to diagnose, monitor other cardiovascular conditions, and identify secondary causes of hypertension, such as renal artery stenosis or pheochromocytoma, by monitoring fluid overload. For instance, in December 2022, according to the Journal of the American College of Cardiology (JACC), a US-based peer-reviewed medical journal published by the American College of Cardiology, ischemic heart disease accounted for 9.44 million cardiovascular deaths in 2021. In addition, hypertensive heart disease and pulmonary arterial hypertension accounted for 1.41 million and 23,300 deaths, respectively. Therefore, the increasing prevalence of chronic illnesses such as diabetes, hypertension, and ischemic heart disease is driving the growth of the sphygmomanometer market.

Key Industry Players
Major companies operating in the sphygmomanometer market report are A&D Company Ltd., American Diagnostic Corporation, Omron Healthcare Inc., Microlife Corporation, Acoma Medical Industry Co. Ltd., Beurer GmbH, General Electric Company, Amico Group of Companies, CIGA Healthcare Ltd., HEINE Optotechnik GmbH and Co. KG, Rossmax International Ltd., Rudolf Riester GmbH, Welch Allyn Inc., Koninklijke Philips N.V., Paul Hartmann AG, 3B Scientific, Hill-Rom Services Inc., Sklar Surgical Instruments, Spengler, Abbott Laboratories, AmbulanceMed, Harvard Health Publishing, Holtex Ltd., Timesco Healthcare Ltd., Bremed Ltd., iHealth Labs Inc., Baxter International Inc., Contec Medical Systems Co. Ltd., Halma plc, SunTech Medical Inc.

The sphygmomanometer market report table of contents includes:
1. Executive Summary