Ambulatory Blood Pressure Monitoring Devices Market to Value Over US$ 970 Mn by End of 2026

  • 08 Apr 2019

Modern-day consumers are device savvy and prefer using self-monitoring techniques to monitor body functions like heart rate, blood pressure, weight, levels of sugar, etc. The innovation in technology and digital space presents more opportunities to provide accurate, portable, convenient and reasonably priced health monitoring devices. As the cases of patients with obesity, cardiovascular disorders, stress, hypertension, ageing etc. increase, the need to monitor blood pressure using ambulatory blood pressure monitoring devices find a surge. 
Also, the patients are found to be more relaxed when they are away from the clinic but nervousness takes over when professionals at the clinic try to measure blood pressure. This is known as white coat effect and its rising incidences have forced healthcare professionals to prescribe ABPM device to such patients. Also, ambulatory blood pressure monitoring devices are more accurate as they present reports based on the 24-hour monitoring system.
Due to all these factors, global ambulatory blood pressure monitoring devices market is estimated to surpass US$ 971.7 Million by the end of 2026, registering at a CAGR of 8.3% during the forecast period from 2018 to 2026.

Global ambulatory blood pressure monitoring devices market is segmented on the basis of product type, end-user, and region. 
 

Global Ambulatory Blood Pressure Monitoring Devices Market, by Product Type 

•    Wrist ambulatory blood pressure monitoring devices 
•    Arm ambulatory blood pressure monitoring devices  
While the arm ambulatory blood pressure monitoring devices are most popular in the market, with fast-paced technological advancements the manufactures will have to focus on high volume, intelligent and cost-effective device types to tap maximum user penetration during the forecasted period.

 

Global Ambulatory Blood Pressure Monitoring Devices Market, by End-User

•    Clinics
•    Ambulatory Surgical Centres
•    Hospitals 
•    Home care settings 

 

Global Ambulatory Blood Pressure Monitoring Devices Market, by Geography 

•    Europe
•    North America 
•    Latin America 
•    APAC 
•    Rest of the word 
Europe and North America are major shareholders in the market due to their willingness to spend more in general on healthcare management. Introduction of patient-friendly ABPM devices, competitive costing of the devices, ease of purchase via online sales channels and OTC are anticipated to boost the market expansion during the forecasted period. Moreover, the trend of self-patient monitoring is likely to boost the adoption of ABPM devices, especially in developed economies during the forecast period.

Competitive Landscape:  

•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  

 

FutureWise Takeaways  

•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth  
 
Objectives of the Study:

  • To provide with an exhaustive analysis on global ambulatory blood pressure monitoring devices market is segmented on the basis of product type, end-user, and region 
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market  
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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