Hyderabad, India -- (SBWire) -- 03/22/2018 --The report "Blood Pressure Monitoring Device Market by Type (Automated BP Monitors, Ambulatory BP Monitors, Sphygmomanometers (Mercury, Aneroid, Digital), BP Transducers and BP instruments accessories) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The Blood Pressure Monitoring Devices market is expected to reach USD 4.43 Billion by 2021 from an estimated USD 3.20 Billion in 2016, at a CAGR of 6.7%. The key factors promoting the market growth are increasing obese population and rise in prevalence of heart disorders in individuals, and handheld devices enabling regular checks for individual's safety.
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By type, the sphygmomanometer segment dominated the largest share of the market in 2016
On the basis of type, the Blood Pressure Monitoring Devices market has been classified into Automated BP Monitors, Sphygmomanometers, Ambulatory BP Monitors, BP Transducers and BP instruments accessories. Sphygmomanometers segment is further segmented into Mercury, Aneroid, Digital based devices. Sphygmomanometers segment commanded the highest share of 2016 market and is likely to follow the same trend during the forecast period.
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North America dominated the market in 2016
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By geography the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America accounted for the largest share of the Blood Pressure Monitoring Devices market in 2016, followed by Europe. The large share of the North American Blood Pressure Monitoring Devices market is due to increasing prevalence of chronic diseases such as cardiac arrests, hypertension and new settlements made by top key manufacturers in that region promotes the growth in North America.
The various players in the Blood Pressure Monitoring Devices market include GE Healthcare, A&D Medical Inc., Rossmax International Ltd., Panasonic Corporation, Contec Medical Systems Co., Ltd, Welch Allyn, SunTech Medical, Spacelabs Healthcare Inc., Philips Healthcare, Omron Healthcare and Microlife AG.
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