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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Blood pressure monitoring and testing includes use of sphygmomanometer (aneroid sphygmomanometer, mercury sphygmomanometer and digital sphygmomanometer), automated blood pressure monitors, ambulatory blood pressure monitors, blood pressure transducers, and blood pressure instrument accessories.

The global blood pressure monitoring testing drugs market is estimated to be valued at US$ 4,560.1 million in 2021 and is expected to exhibit a CAGR of 11.7% over the forecast period (2021-2028).

Recent Developments:

On May 26, 2021, Biobeat, a global leader in wearable remote patient monitoring solutions for the healthcare continuum, announced today the launch of its new wearable and continuous ambulatory blood pressure monitoring (ABPM) chest-monitoring device.

In July 2020, Vancouver Coastal Health, a regional health authority, has replaced its reusable blood pressure cuffs with disposable ones to prevent cross-contamination and limit the spread of COVID-19, thereby increasing the demand for disposable blood pressure cuffs by its affiliated members.

In July, 2020, Omron Healthcare Inc. and Mount Sinai Health System (New York City’s largest academic medical system) have done collabotaion to offer patients the new VitalSight home blood pressure monitoring solution.

North America held dominant position in the global blood pressure monitoring testing market in 2020, accounting for 44.9% share in terms of volume, followed by Europe and Asia Pacific, respectively. Growth of North America market during the forecast period can be attributed to rising prevalence of heart diseases, increasing product launches in recent years, and growing adoption of home blood pressure monitors in the region. For instance, as per Centers for Disease Control and Prevention (CDC) data, in 2018, around half a million deaths in the United States included hypertension as a primary or contributing cause, and nearly half of adults (45%) with uncontrolled hypertension have a blood pressure of 140/90 mm Hg or higher. This includes 37 million U.S. adults.

Figure 1. Global Blood Pressure Monitoring Testing Market Value (US$ Mn), by Region, 2020

Blood Pressure Monitoring Testing  | Coherent Market Insights

Global Blood Pressure Monitoring Testing Market: Drivers

Increasing prevalence of hypertension is expected to propel growth of the global blood pressure monitoring testing market over the forecast period. For instance, according to a cross-sectional, population-based study, ‘Diabetes and Hypertension in India: A Nationally Representative Study of 1.3 Million Adults’, published in JAMA Internal Medicine in March 2018, the crude prevalence of hypertension in India was 25.3% between 2012 and 2014.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

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Blood Pressure Monitoring Testing Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 4,560.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 11.7% 2028 Value Projection: US$ 9,900.4 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Sphygmomanometer/Aneroid BP Monitors, Automated/Digital Blood Pressure Monitors (Arm, Wrist, Finger), Ambulatory Blood Pressure Monitors, Transducers (Disposable, Reusable), Instruments and Accessories, Blood Pressure Cuffs (Disposable, Reusable), Others
  • By End User: Hospitals, Ambulatory Surgical Centers & Clinics, Home Healthcare
Companies covered:

A&D Medical, Inc., Contec Medical Systems Co., Ltd., Covidien Plc, GE Healthcare, Masimo Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., SunTech Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, Spacelabs Healthcare, Omron Healthcare, Inc., Withings sas, and Welch Allyn, Inc. (Hill-Rom, Inc.)

Growth Drivers:
  • Increasing prevalence of hypertension
  • Increasing geriatric population
Restraints & Challenges:
  • Unfavorable reimbursement policies
  • Under-diagnosis of lifestyle diseases

Global Blood Pressure Monitoring Testing Market: Opportunities 

Increasing prevalence of cardiovascular diseases in emerging economies is expected to offer lucrative growth opportunities for players in the global blood pressure monitoring testing market. For instance, according to the study, ‘Cardiovascular Diseases in India Compared With the United States, published in July 2018, in the Journal of the American College of Cardiology, the estimated age-standardized prevalence of CVD in India in 2016 was 5,681 per 100,000.

Moreover, market players can focus on developing wearable blood pressure monitoring devices to expand their product portfolio. 

Market Trends

Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in April 2020, OMRON Healthcare, Co., Ltd. partnered with AliveCor, Inc. to integrate AliveCor’s ECG technology with blood pressure devices from OMRON for non-invasive remote monitoring devices.

Major players in the market are also focused on increasing awareness regarding cardiovascular diseases. For instance, in September 2019, Withings sas partnered with the World Heart Federation to raise awareness of cardiovascular diseases.

Figure 2. Global Blood Pressure Monitoring Testing Market Share, By Product Type, 2020

Blood Pressure Monitoring Testing  | Coherent Market Insights

Key Takeaways of the Graph:

  • Among Product Type, the Sphygmomanometer/Aneroid BP Monitors held dominant position in the market and accounted for 50.0% share in the global blood pressure monitoring testing market in 2020. The segment is expected to reach US$ 4,417.1 million in 2028.
  • Sphygmomanometer/Aneroid BP Monitors dominated the global market in 2020, owing to new product launches, innovative product developments with advanced technologies, and rising adoption of home blood pressure monitoring trend.
  • Among end user, hospitals held dominant position in the market and accounted for 61.3% share in the global blood pressure monitoring testing market in 2020. The segment is expected to reach US$ 6,167.9 million in 2028.
  • Dominance of hospitals segment can be ascribed to growing adoption of BP monitoring devices, and presence of a large patient pool with need for cost-effective, fast, and accurate diagnostic tools for better health outcomes in hospitals

Global Blood Pressure Monitoring Testing Market: Restraints

Unfavorable reimbursement policies are expected to hinder growth of the market. Reimbursement is not available for all types of blood pressure monitoring devices. For instance, in the U.S., Medicare provides reimbursement only for the ambulatory blood pressure monitors used for the diagnosis of white coat hypertension.

Moreover, lifestyle diseases often remain underdiagnosed, especially in emerging economies, which is also expected to limit growth of the market.

Global Blood Pressure Monitoring Testing Market: Competitive Landscape

Major players operating in the global blood pressure monitoring testing market include, A&D Medical, Inc., Contec Medical Systems Co., Ltd., Covidien Plc, GE Healthcare, Masimo Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., SunTech Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, Spacelabs Healthcare, Omron Healthcare, Inc., Withings sas, and Welch Allyn, Inc. (Hill-Rom, Inc.)

Global Blood Pressure Monitoring Testing Market: Key Developments

Major players in the market are focused on launching new and redesigned products to expand their product portfolio. For instance, in October 2019, OMRON Healthcare, Inc. launched newly redesigned models of its blood pressure monitors with new features.

Similarly, in July 2019, Withings sas launched two new at-home blood pressure monitors: Withings BPM Core, an over-the-counter device that measures blood pressure and Withings BPM Connect, an updated version of the classic Withings BPM.

Regular blood pressure measurement is very important as it offers information to assess your health condition accurately. Non-invasive blood pressure monitoring helps you keep track of your health conditions by giving you vital information about your blood pressure. It is usually recommended for people who have hypertension and are at risk factors for various diseases such as heart attacks, stroke, and kidney disease. Non-invasive blood pressure monitoring has been a standard medical procedure since the early 70's and is widely accepted as safe for all patients.

There are many reasons why regular blood pressure monitoring may be necessary. The most common reason why it is necessary is to monitor blood pressure as an individual ages. As an individual gets older, his/her blood pressure tends to fluctuate and should be monitored regularly. Individuals who suffer from renal diseases such as kidney disease, diabetes and other kidney related diseases are also recommended to monitor their blood pressure regularly. Regular blood pressure monitoring helps them to determine if any of these diseases are affecting their body and helps them in taking the necessary corrective measures.

Market Dynamics:

Launch of wearable devices is expected to propel growth of the blood pressure monitoring testing market over the forecast period. For instance, in January 2021, Samsung Electronics announced to launch the Samsung Health Monitor app across 31 new countries including Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the UK.

Key features of the study:

  • This report provides in-depth analysis of the global blood pressure monitoring testing market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global blood pressure monitoring testing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include A&D Medical, Inc., Contec Medical Systems Co., Ltd., Covidien Plc, GE Healthcare, Masimo Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., SunTech Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, Spacelabs Healthcare, Omron Healthcare, Inc., Withings sas, and Welch Allyn, Inc. (Hill-Rom, Inc.)
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global blood pressure monitoring testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global blood pressure monitoring testing market

Detailed Segmentation:

  • Global Blood Pressure Monitoring Testing Market, By Product Type:
    • Sphygmomanometer/Aneroid BP Monitors
    • Automated/Digital Blood Pressure Monitors
      • Arm
      • Wrist
      • Finger
    • Ambulatory Blood Pressure Monitors
    • Transducers
      • Disposable
      • Reusable
    • Instruments and Accessories
    • Blood Pressure Cuffs
      • Disposable
      • Reusable
    • Others
  • Global Blood Pressure Monitoring Testing Market , By End User:
    • Hospitals
    • Ambulatory Surgical Centers & Clinics
    • Home Healthcare
  • Global Blood Pressure Monitoring Testing Market, By Region:
    • North America
      • North America Blood Pressure Monitoring Testing Market , By Product Type:
        • Sphygmomanometer/Aneroid BP Monitors
        • Automated/Digital Blood Pressure Monitors
          • Arm
          • Wrist
          • Finger
        • Ambulatory Blood Pressure Monitors
        • Transducers
          • Disposable
          • Reusable
        • Instruments and Accessories
        • Blood Pressure Cuffs
          • Disposable
          • Reusable
        • Others
      • North America Blood Pressure Monitoring Testing Market , By End User:
        • Hospitals
        • Ambulatory Surgical Centers & Clinics
        • Home Healthcare
      • By Country
        • U.S.
        • Canada
    • Latin America
      • Latin America Blood Pressure Monitoring Testing Market , By Product Type:
        • Sphygmomanometer/Aneroid BP Monitors
        • Automated/Digital Blood Pressure Monitors
          • Arm
          • Wrist
          • Finger
        • Ambulatory Blood Pressure Monitors
        • Transducers
          • Disposable
          • Reusable
        • Instruments and Accessories
        • Blood Pressure Cuffs
          • Disposable
          • Reusable
        • Others
      • Latin America Blood Pressure Monitoring Testing Market , By End User:
        • Hospitals
        • Ambulatory Surgical Centers & Clinics
        • Home Healthcare
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Europe Blood Pressure Monitoring Testing Market , By Product Type:
        • Sphygmomanometer/Aneroid BP Monitors
        • Automated/Digital Blood Pressure Monitors
          • Arm
          • Wrist
          • Finger
        • Ambulatory Blood Pressure Monitors
        • Transducers
          • Disposable
          • Reusable
        • Instruments and Accessories
        • Blood Pressure Cuffs
          • Disposable
          • Reusable
        • Others
      • Europe Blood Pressure Monitoring Testing Market , By End User:
        • Hospitals
        • Ambulatory Surgical Centers & Clinics
        • Home Healthcare
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Blood Pressure Monitoring Testing Market , By Product Type:
        • Sphygmomanometer/Aneroid BP Monitors
        • Automated/Digital Blood Pressure Monitors
          • Arm
          • Wrist
          • Finger
        • Ambulatory Blood Pressure Monitors
        • Transducers
          • Disposable
          • Reusable
        • Instruments and Accessories
        • Blood Pressure Cuffs
          • Disposable
          • Reusable
        • Others
      • Asia Pacific Blood Pressure Monitoring Testing Market , By End User:
        • Hospitals
        • Ambulatory Surgical Centers & Clinics
        • Home Healthcare
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Middle East Blood Pressure Monitoring Testing Market , By Product Type:
        • Sphygmomanometer/Aneroid BP Monitors
        • Automated/Digital Blood Pressure Monitors
          • Arm
          • Wrist
          • Finger
        • Ambulatory Blood Pressure Monitors
        • Transducers
          • Disposable
          • Reusable
        • Instruments and Accessories
        • Blood Pressure Cuffs
          • Disposable
          • Reusable
        • Others
      • Middle East Blood Pressure Monitoring Testing Market , By End User:
        • Hospitals
        • Ambulatory Surgical Centers & Clinics
        • Home Healthcare
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Africa Blood Pressure Monitoring Testing Market , By Product Type:
        • Sphygmomanometer/Aneroid BP Monitors
        • Automated/Digital Blood Pressure Monitors
          • Arm
          • Wrist
          • Finger
        • Ambulatory Blood Pressure Monitors
        • Transducers
          • Disposable
          • Reusable
        • Instruments and Accessories
        • Blood Pressure Cuffs
          • Disposable
          • Reusable
        • Others
      • Africa Blood Pressure Monitoring Testing Market , By End User:
        • Hospitals
        • Ambulatory Surgical Centers & Clinics
        • Home Healthcare
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • A&D Medical, Inc.*
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategy
    • Contec Medical Systems Co., Ltd.
    • Covidien Plc
    • GE Healthcare
    • Masimo Corporation
    • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
    • SunTech Medical, Inc.
    • Nihon Kohden Corporation
    • Philips Healthcare
    • Spacelabs Healthcare
    • Omron Healthcare, Inc.
    • Withings sas
    • Welch Allyn, Inc. (Hill-Rom, Inc.)

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
    • Pipeline Analysis
  4. Global Blood Pressure Monitoring Testing Market, By Product Type, 2017 – 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Segment Trends
    • Sphygmomanometer/Aneroid BP Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
    • Automated/Digital Blood Pressure Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
        • Arm
        • Wrist
        • Finger
    • Ambulatory Blood Pressure Monitors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
    • Transducers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
        • Disposable
        • Reusable
    • Instruments and Accessories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
    • Blood Pressure Cuffs
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
        • Disposable
        • Reusable
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
      • Segment Trends
  5. Global Blood Pressure Monitoring Testing Market, By End User, 2017 – 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Ambulatory Surgical Centers & Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Home Healthcare
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  6. Global Blood Pressure Monitoring Testing Market, By Region, 2017 – 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018–2028
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2017 – 2028, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • A&D Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Contec Medical Systems Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Covidien Plc
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Masimo Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • SunTech Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Nihon Kohden Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Philips Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Spacelabs Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Omron Healthcare, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Withings sas
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Welch Allyn, Inc. (Hill-Rom, Inc.)
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 32 market data tables and 24 figures on “Blood Pressure Monitoring Testing Market – Global forecast to 2027.

FAQgrowicon

Frequently Asked Questions

The blood pressure monitoring testing market size is estimated to be valued at US$ 4,560.1 Million in 2021 and is expected to exhibit a CAGR of 11.7% between 2021 and 2028.
Increasing prevalence of hypertension and increasing geriatric population are the factors fueling growth of market.
The sphygmomanometer/Aneroid BP Monitors segment is the leading component segment in the market.
Unfavorable reimbursement policies and under-diagnosis of lifestyle diseases are expected to hinder growth of the market.
Major players operating in the market include, A&D Medical, Inc., Contec Medical Systems Co., Ltd., Covidien Plc, GE Healthcare, Masimo Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., SunTech Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, Spacelabs Healthcare, Omron Healthcare, Inc., Withings sas, and Welch Allyn, Inc. (Hill-Rom, Inc.)
North America region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by early adoption of technologically advanced products, rising cases of hypertension, and launch of new products in recent years.
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