Sphygmomanometer Market size worth over $2.9bn by 2026

Sphygmomanometer Market size is set to surpass USD 2.9 billion by 2026, according to a new research report by Global Market Insights Inc.
 

Growing disease burden of the chronic diseases, especially cardiovascular diseases will significantly contribute to the market expansion. Also, increase in prevalence of blood pressure related disorders owing to changing lifestyle will spur the market growth over the forthcoming years. As per the World Health Organization (WHO), cardiovascular disease (CVD) is the leading factor of mortality and leads to over 18 million deaths annually. The use of blood pressure monitors will significantly assist the users in early and accurate diagnosis resulting in minimizing the mortality.

The latest technological advancements in manufacturing of novel wireless and mobile blood pressure monitors will positively impact the sphygmomanometer market revenue. Advanced blood pressure monitors are now being recommended for the diagnosis and measurement of blood pressure disorders. Furthermore, several emerging companies in wearable technology are introducing wearable blood pressure monitors that are user-friendly. Thus, with growing innovations in these devices that offers convenient and precise readings, the product demand and adoption will increase. Also, the long-term blood pressure monitoring and management is very essential for the patients with high risk of any cardiovascular disorders. Hence, the proper, accurate and early blood pressure diagnosis of the patients will result in enhancing the market demand.
 

Browse key industry insights spread across 357 pages with 714 market data tables & 18 figures & charts from the report, “Sphygmomanometer Market Size, By Product (Mercury Sphygmomanometer, Aneroid Sphygmomanometer, Digital Sphygmomanometer {Wrist Electronic Sphygmomanometer, Arm Electronic Sphygmomanometer}), By Operation (Manual, Electric, Automatic, Semiautomatic), By Configuration (Portable, Desk Mounted, Floor Standing, Wall Mounted), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/sphygmomanometer-market
 

Several benefits of energy devices will drive the segment growth

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The aneroid sphygmomanometer segment valuation was more than USD 618 million in 2019. The aneroid blood pressure monitors are mercury free with manual operation. The device as compared to mercury blood pressure monitor can be carried from one place to another without any apprehension of damage. They offer several advantages to the users such as accuracy, reliability, visibility, low cost, among others. Hence, certain advantages offered by aneroid sphygmomanometer will result in augmenting the product demand and adoption rate.
 

Growing adoption of technologically advanced automatic sphygmomanometer will boost the market

The automatic sphygmomanometer market is estimated to witness around 11.2% growth rate till 2026.  In the age of automation technology, the automatic blood pressure monitors are great for home use especially for the people or patients who are incapable of using manual blood pressure monitors. These devices use electronic pressure sensors to measure the blood pressure and directly displays the reading on the screen. The automatic blood pressure monitors are very easy to handle by the general population and provides continuous blood pressure measurement and monitoring at home.
 

Rise in number of ambulatory surgical centers across the globe will positively influence the market size

The ambulatory surgical center is projected to expand grow at a CAGR of 10.7% through 2026 due to growing demand for minimally invasive surgical procedures and technological advancements. As per the Definitive Healthcare’s platform on surgery centers, currently in the U.S., there are around 9,200 ambulatory surgery centers. Thus, growing use and demand for blood pressure monitors in the ambulatory surgery centers to measure and monitor blood pressure will fuel the market value.
 

Increasing number of hospital visits will prove beneficial for the Germany market growth

Germany dominated the Europe sphygmomanometer market and held a considerable revenue share of over 16% in 2019. The number of inpatient hospital admissions increased steadily from around 16.5 million to 19.2 million in the last decade. The increase was driven by change in the population demand pertaining to the hospital supply and growing preference of hospitals for inpatient procedures. The inpatient hospitals admissions will undergo preliminary health checkup including measuring the blood pressure of the patient. The increase in inpatient hospital patients will augment the demand of blood pressure monitors.
 

Companies are focusing on strategies such as acquisitions and new product launches will contribute to the market expansion

Some of the major players in the market are OMRON Corporation, A&D Company, Microlife Corporation, Hill-Rom Services Inc. (Welch Allyn), among others. These players are implementing several strategic initiatives to increase their geographical presence and market position. They are focusing on several strategies such as new product development, partnerships, collaboration, etc. For instance, in April 2020, OMRON Healthcare announced strategic alliance with AliveCor for remote cardiovascular disease monitoring. The strategic alliance was to provide better access to the customers with respect to remote patient care and to expand their product portfolio.