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Sphygmomanometer Market size crossed USD 3 billion in 2022 and is anticipated to exhibit more than 8.5% CAGR between 2023 and 2032, on account of the adoption of inactive lifestyles.
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The rise in the work-from-home trend and physical inactivity are contributing to the high prevalence of cardiovascular diseases. According to the WHO, in 2021, cardiovascular conditions accounted for over 18 million deaths annually. This high disease burden will spur the development of vital signs monitoring devices including blood pressure sphygmomanometers since hypertension is a common risk factor for CVDs. High blood pressure, which affects nearly a billion people, substantially elevates the risk of heart, brain, kidney, and other diseases. The adoption of sedentary lifestyles will also accelerate the use of electronic sphygmomanometers.
Report Attribute | Details |
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Base Year: | 2022 |
Sphygmomanometer Market Size in 2022: | USD 3 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 8.5% |
2032 Value Projection: | USD 7 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 360 |
Tables, Charts & Figures: | 833 |
Segments covered: | Product, Operation, Configuration, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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With rapid technological advancement, medical devices for use in homecare settings are gaining momentum, creating growth opportunities for sphygmomanometer developers. However, there has been growing awareness of product inaccuracy through various validation, calibration, and inspection protocols.
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In terms of product, the sphygmomanometer market value from the digital sphygmomanometers segment is slated to reach over USD 4.5 billion by 2032, considering the increased need for at-home blood pressure monitors. Since blood pressure has become a crucial indicator of health status, the adoption of digital BP monitors in home settings has surged. Furthermore, the strong focus of market players on the production of efficient and effective digital healthcare equipment as a replacement for traditional monitors is expected to bolster product usage.
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Europe sphygmomanometer market share is anticipated to register over 8% CAGR through 2023-2032, owing to the increasing geriatric population. Since older people are susceptible to chronic ailments, the rate of visits to healthcare facilities has surged. To address the resilience of healthcare systems, several investment programs have also been launched in the EU, especially following the COVID-19 pandemic. Additionally, the high emphasis on accurate BP monitor development will add impetus to product development across the region.
are some of the key players operating in the global sphygmomanometer market. Strategic mergers and acquisitions are among the initiatives undertaken by these companies to solidify their market presence.
Following Russia’s invasion of Ukraine, prominent needs include care for chronic non-communicable diseases, which have already been the biggest contributor to the healthcare burden across Ukraine. The war has exacerbated these health conditions, as a result of the adoption of negative coping mechanisms, such as increased alcohol consumption and smoking. These factors may increase the risks of cardiovascular diseases including hypertension and consequently, boost the requirement for sphygmomanometers over the forthcoming years.
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