Sphygmomanometer Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3651
Sphygmomanometer Market size is projected to experience significant growth from 2019 to 2025.
Increase in number of people suffering from hypertension will augment the growth of sphygmomanometer market in the near future. As per the statistics, around 6 million Australian adults suffer from high blood pressure. Growing prevalence of blood pressure problems due to changing lifestyle habits will spur the business growth over the estimation period.
Recent technological advancements in manufacturing mobile and wireless sphygmomanometer will impact the market growth positively in the future. Use of mobile tele-medicine is estimated to be developing future trend. Long-term blood pressure management and monitoring is very essential for patients that are at risk of any cardiovascular disorders, hence, proper blood pressure monitoring and the ability to immediately call for assistance in case of emergency will propel the business growth over the projection period.
However, issue related to accuracy of digital sphygmomanometer will be one of the major market impeding factors. As per the recent research digital blood pressure monitors used at home aren’t accurate and show incorrect results. Digital blood pressure monitors are found to be inaccurate around 10% of patients.
Mercury sphygmomanometer market is estimated to hold majority market share. Several advantages offered by the device such as durability, doesn't require readjustment and easy to read. The mercury sphygmomanometer is quite simple to use and works by gravity to give consistent and accurate readings. Also, the end results provided by the device are accurate and the device too is long lasting. Hence, above mentioned factors will play significant role in boosting the market growth.
Manual sphygmomanometer market is estimated to show significant market growth over the forecast time period. Manual sphygmomanometer is considered to be a standard equipment used by a trained doctors and nurses. Recently, there have been issues with the manual sphygmomanometer and the hazards caused by it. Mercury is considered as an environmental hazard due to presence of toxic mercury. Hence, due its hazardous properties the use of manual sphygmomanometer is banned in several European countries such as Sweden and Netherlands as well as in several hospitals in the United States.
Portable sphygmomanometer market is estimated to show significant growth in the upcoming years. This kind of device helps the visiting doctors and healthcare professionals in conducting regular health checkups. Portable sphygmomanometer devices are easy to carry, affordable and provide accurate results. Hence, aforementioned factors will augment the market growth.
Hospitals as end-use is projected to hold maximum market share. Increase in number of hospital admissions, presence of state of art facilities and frequent medical check up routines will lead to boosting the demand and adoption rate, fueling the business growth.
U.S. is estimated to dominate the North America sphygmomanometer market. As per the statistics published by Center for Disease Control and Prevention (CDC), around 75 million American adults suffer from high blood pressure, i.e., about 1 in every 3 American adults has blood pressure problems. Growing prevalence of blood pressure disorder due to changing lifestyle habits and chronic disease prevalence will result in augmenting the business growth over the estimation period.
Some of the major industry players are Acoma Medical, AmbulanceMed, American Diagnostic, Amico, Bremed, Ciga Healthcare, Heine, Holtex, Microlife and Timesco. These major players concentrate on expanding their market presence by implementing several strategies such as mergers, acquisitions, partnerships, and collaborations.
Sphygmomanometer Market, By Product, 2014-2025 (USD Million)
- Mercury Sphygmomanometer
- Aneroid Sphygmomanometer
- Digital Sphygmomanometer
- Wrist Electronic Sphygmomanometer
- Arm Electronic Sphygmomanometer
Sphygmomanometer Market, By Operation, 2014-2025 (USD Million)
Sphygmomanometer Market, By Configuration, 2014-2025 (USD Million)
- Desk mounted
- Floor standing
- Wall mounted
Sphygmomanometer Market, By End-use, 2014-2025 (USD Million)
- Ambulatory Surgical Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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