>
>
Sphygmomanometer Market - By Product (Digital Sphygmomanometer [Wrist], Aneroid Sphygmomanometer, Mercury Sphygmomanometer), Operation (Manual, Automatic, Semi-automatic), Configuration (Portable, Desk Mounted, Wall Mounted), End Use & Forecast, 2024 – 2032
Report ID: GMI3651
|
Published Date: September 2024
|
Report Format: PDF
Download free sample
Get a free sample of Sphygmomanometer Market
Get a free sample of Sphygmomanometer Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 332
Countries covered: 24
Pages: 100
Download Free Sample
Sphygmomanometer Market Size
Sphygmomanometer Market size was valued at USD 3.4 billion in 2023 and is expected to exhibit growth at a CAGR of 8.5% from 2024 to 2032. The strong market growth is driven by the rising prevalence of cardiac conditions, advancements in technology, and the continuous introduction of innovative products.
The market growth is further attributed to growing awareness of hypertension and other cardiovascular diseases. Rising health consciousness and preventive healthcare initiatives are driving individuals and healthcare facilities to adopt more accurate and reliable blood pressure monitoring devices. Additionally, the growing geriatric population, who are more susceptible to blood pressure-related health issues, is contributing to the surging demand for sphygmomanometers.
Technological advancements are playing a crucial role in the market's expansion. Innovations in sphygmomanometer technology, including digital and automated devices, offer greater accuracy and user convenience. For example, in July 2023, Smart Meter launched a new cellular-connected, multi-cuff blood pressure monitor designed specifically for chronic care management. The integration of smart features and connectivity options is resonating with both consumers and healthcare professionals, driving further market growth. The enhanced functionality of vital sign monitoring devices and the ease of use of these devices are making them increasingly appealing to a broader audience.
A sphygmomanometer is a medical instrument used to measure blood pressure, a key indicator of cardiovascular health. It typically comprises an inflatable cuff, a pressure gauge, and, in some cases, a stethoscope. The cuff is wrapped around the upper arm and inflated to temporarily stop blood flow. As the cuff deflates, the gauge measures the pressure of the blood flow through the arteries. Sphygmomanometers can be manual, requiring manual inflation and auscultation, or digital providing automated readings and often integrating with electronic health systems for data management and analysis.
Sphygmomanometer Market Trends
The market is evolving with several key trends shaping its trajectory. The shift towards digital sphygmomanometers is a prominent trend, driven by the need for more precise and user-friendly devices. Digital sphygmomanometers offer automatic readings and eliminate the need for manual interpretation, catering to a growing demand for convenience and accuracy in both home and clinical settings.
Sphygmomanometer Market Analysis
Based on product, the market is classified into digital sphygmomanometer, aneroid sphygmomanometer, and mercury sphygmomanometer. The digital sphygmomanometer segment generated the highest revenue of USD 2 billion in 2023.
Based on operations, the sphygmomanometer market is categorized into manual, automatic, and semi-automatic. The manual segment generated the highest revenue of USD 1.4 billion in 2023.
Based on configuration, the sphygmomanometer market is categorized into portable, desk mounted, floor standing, and wall mounted. The portable segment generated the highest revenue of USD 2.5 billion in 2023.
Based on end-use, the sphygmomanometer market is segmented into hospital, homecare, ambulatory surgical centres, and other end-users. The hospital segment dominated the market in 2023 and is anticipated to reach USD 3.1 billion by the end of the forecast period.
North America sphygmomanometer market accounted for USD 640.7 million market revenue in 2023 and is anticipated to grow at a CAGR of 6.1% between 2024 – 2032 period.
U.S. sphygmomanometer market accounted for USD 590.8 million market revenue in 2023 and is estimated to hold a substantial share between 2024 – 2032 period.
UK sphygmomanometer market is projected to grow remarkably in the coming years.
Japan holds a dominant position in the Asia Pacific sphygmomanometer market.
Sphygmomanometer Market Share
Key players in the market are continually investing in research and development to enhance product features and performance. Major companies are focusing on developing advanced digital sphygmomanometers with smart technologies, such as Bluetooth connectivity and integration with mobile health applications. Industry leaders are also expanding their product portfolios and exploring new market opportunities to stay competitive and meet the evolving needs of healthcare providers and consumers.
Sphygmomanometer Market Companies
Prominent players operating in the sphygmomanometer industry include:
Sphygmomanometer Industry News:
The sphygmomanometer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million and Units from 2021 – 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Product
Market, By Operations
Market, By Configuration
Market, By End-use
The above information is provided for the following regions and countries: