The global blood pressure monitoring & measurement instruments market is forecast to cross US$2.2 billion by 2015, driven largely by an expanding proportion of old age people suffering from blood pressure problems, technological advancements in monitors, growing consumer awareness about benefits of regular measurements and monitoring, intensifying direct-to-consumer advertising and growing stress on healthcare in developing countries.
Blood pressure measurement provides indication to cardiovascular or BP related risks and facilitates in effective management of several life-threatening diseases. BP measurement also acts as the first step that helps in effective controlling of BP. Rapidly expanding elderly population and growing incidence of obesity are contributing to the rise in hypertension patients. With the increase in number of new patients diagnosed with hypertension and high blood pressure, demand for preventative care and monitoring devices is anticipated to witness significant growth.
Growing awareness, attractive features and convenience in using at home BP monitoring devices fueled market growth for this segment despite the prevailing negative conditions amid the global economic meltdown. Telehealth applications are another area promising future market growth. Ambulatory blood pressure monitoring on the other hand has become an important tool for diagnosing hypertension in the clinics. Another significant trend is disposable transducers rapidly replacing reusable transducers because of their lower costs as well as ease of use. New and innovative features are being integrated to lure customers, particularly in the upper arm monitors where size is not a key factor during designing.
The US and Europe account for a major share of the global Blood Pressure Monitoring & Measurement Instruments market, as stated by the new market research report. Digital Sphygmomanometers are likely to drive growth in the global BP monitoring and measurements market in the future owing to features such as ease of use and increasing confidence in their accuracy as well as falling prices. Rising environmental concerns related to mercury sphygmomanometers and easy availability at various retail outlets are also boosting demand for the digital sphygmomanometers. Asia-Pacific is likely to spearhead the global growth in the BP monitoring and measurement instruments market at a CAGR of 7.0% over the analysis period. Growth in the market is triggered by increasing health awareness, economic growth, corresponding increase in living standards, and aging population. Ambulatory and Automated BP Monitors market in the region is forecast to reach US$30 million by 2012.
Global BP monitoring and measuring instruments market is highly competitive with sourcing of production to low-cost regions such as Asia-Pacific further exacerbating the competitive condition. Manufacturers try to extricate higher profits through higher pricing of products by offering enhanced features such as better accuracy, improved cuff comfort, and faster measuring speeds. Major players profiled in the report include A&D Medical, American Diagnostic Corporation, GE Healthcare, Kaz Inc., Lumiscope Company, Mabis DMI Healthcare, Mediana Technologies Corporation, Medwave, Microlife AG, Mindray International Limited, Nihon Seimitsu Sokki Co., Omron Healthcare, Philips Healthcare, Spacelabs Healthcare, SunTech Medical, Inc., W. A. Baum Co., Inc., and Welch Allyn.
The research report titled Blood Pressure Monitoring & Measurement Instruments: A Global Strategic Business Report provides a comprehensive analysis of the global Blood Pressure Monitoring & Measurement Instruments Market including key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report also provides annual sales estimates and projections for Blood Pressure Monitoring & Measurement Instruments market for the years 2007 through 2015, and 2000 to 2006 by the following geographic markets - United States, Canada, Japan, Europe, Asia-Pacific, the Middle East, and Latin America.
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