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Sphygmomanometer Market - By Product (Mercury Sphygmomanometer, Aneroid Sphygmomanometer, Digital Sphygmomanometer), By Operation (Manual, Automatic, Semiautomatic), By Configuration (Portable, Desk Mounted, Floor Standing, Wall Mounted), End-use & Global Forecast, 2032
- Report ID: GMI3651
- Published Date: Mar 2023
- Report Format: PDF
Sphygmomanometer Market Size
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 |
|---|---|
| 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.
Sphygmomanometer Market Analysis
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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.
Sphygmomanometer Market Share
- 3B Scientific
- Hill-Rom Services Inc. (Welch Allyn)
- Sklar Surgical Instruments
- Spengler (The Spengler Holtex Group)
- Rudolf Riester GmbH (Halma Plc)
- Rossmax International Ltd.
- OMRON Corporation
- Microlife Corporation
- HEINE Optotechnik GmbH & Co. KG
- CIGA Healthcare Ltd.
- A&D Company, Ltd.
- Amico Group of Companies
- American Diagnostic Corporation
- Acoma Medical Industry Co., Ltd.
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.
Impact of Russia-Ukraine war on the global sphygmomanometer industry outlook
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.
Sphygmomanometer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of USD Million from 2018 to 2032, for the following segments:
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By Product
- Mercury Sphygmomanometer
- Aneroid Sphygmomanometer
- Digital Sphygmomanometer
- Wrist Electronic Sphygmomanometer
- Arm Electronic Sphygmomanometer
By Operation
- Manual
- Electric
- Automatic
- Semi-automatic
By Configuration
- Manual
- Automatic
- Semi-automatic
By End-use
- Hospitals
- Ambulatory surgical centers
- Homecare
- Other
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Russia
- Poland
- Netherlands
- Turkey
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Taiwan
- Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- MEA
- South Africa
- Saudi Arabia
- UAE
- Egypt
- Turkey
- Israel
Frequently Asked Questions (FAQ) :
Sphygmomanometer Market Scope
