The global blood pressure market size reached USD 1.91 Billion in 2021 and is expected to register a revenue CAGR of 11.5% during the forecast period, according to latest analysis by Emergen Research. Blood pressure market revenue growth is driven by factors such as the rising burden of cardiovascular disorders, technological advancements, rapidly increasing aging population, increasing incidences of hypertension owing to changing lifestyles, the surge in healthcare expenditure in emerging economies, and high demand for proactive monitoring.
As the prevalence of chronic diseases increases, the availability of blood pressure monitoring devices increases, as these devices help early diagnosis of patients worsening health. Hypertension is the most widespread chronic condition, affecting 108 million (45%) American adults and 1.4 billion (31%) people worldwide. With long-term symptoms including cerebrovascular, cardiovascular, and kidney illness, the World Health Organization has designated hypertension as the main risk factor for morbidity and mortality, accounting for one in six adult deaths annually. Despite extensive evidence demonstrating the efficacy of antihypertensive medications, high blood pressure remains underdiagnosed and untreated, with around 11 million hypertensive patients unaware of their ailment and 50% of those aware of above-recommended blood pressure levels.
Technological advancements in the medical field allow companies to create a variety of specialized medical devices. Valencell, a company specializing in biometric technology, has created new sensing devices for wearables that offer considerable health benefits. Researchers have recently developed a calibration-free, cuffless pressure measurement system that can be used in a variety of devices to provide accurate readings, including patches, smartwatches, fitness trackers, and oximeter finger clips, among others, thereby driving revenue growth of the blood pressure market. Both medical professionals and patients are interested in portable tracking devices.
In many developing countries, the use of blood pressure monitoring transducers is restricted owing to the expensive cost of these devices, hence hindering market revenue growth. According to Cleveland Clinic, the retail price of pressure measurement transducers ranges between USD 40 and USD 60, depending on the device type. New businesses with inexpensive devices are entering the market, although the average overall retail price for patients in low-income countries appears to be greater. As a result, it is expected to restrict market expansion during the forecast period.
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Some major factors expected to hamper market growth include significant investments and time required for product development, inadequacy to provide a good seal, difficult size selection, and high maintenance. In spite of all these drawbacks, various benefits and advantages of Blood Pressure is expected to drive deployment during the forecast period.
The market intelligence report is a prototype of the 360° overview of the global Blood Pressure industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
Competitive Landscape:
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Blood Pressure market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
The major companies Covered in the report are:
General Electric, Koninklijke Philips N.V, A&D Company, Limited, SunTech Medical, Inc, American Diagnostic Corporation, Withings, Briggs Healthcare, Spacelabs Healthcare, Helen of Troy Limited, GF Health Products, Inc., and Microlife Corporation.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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