The global aneroid sphygmomanometer market size was significantly large in 2022, and is expected to continue to register a rapidly inclining revenue CAGR between 2023 and 2032. Key factors responsible for driving market revenue growth are rising improvements in these devices to provide accurate readings & convenience and ongoing technological advancements. The demand for sphygmomanometers has increased as the number of healthcare professionals and institutions seeking basic diagnostic equipment has grown across the world. The prevalence of cardiovascular diseases, such as hypertension, is on the rise. Coupled with this, increasing average number of patient visits and rising geriatric population would also drive market growth.
A sphygmomanometer is a medical instrument that measures a patient\’s arterial blood pressure. There are two types of blood pressure readings, namely, systolic and diastolic blood pressure measurements. The systolic blood pressure, which is measured as the heart pumps blood into the aorta, is usually 120 millimetres of mercury in healthy people. The diastolic pressure, on the other hand, is the pressure at which the heart fills ventricles with blood. It is usually 80 mm Hg in healthy people. A sphygmomanometer consists of a rubber cuff that is wrapped around the arm, a measuring device that measures the cuff\’s pressure, a bulb that inflates the cuff, and a valve that releases the pressure. An aneroid sphygmomanometer is made up of an automated inflating & deflating valve, a single-handed inflatable cuff, and a dial. It is mercury-free and therefore deemed safe.
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Blood pressure is referred to as the pressure produced by the blood on arteries. It is affected by a large number of elements, including age, physical health, volume of blood, viscosity, and flexibility of artery walls. Blood pressure is measured in millimetres of mercury (mm Hg). Hypotension and hypertension can both induce blood pressure fluctuations. The rising prevalence of hypertension is higher than that of hypotension, and it can be persistent.
Major Factors Driving Growth Of The Global Aneroid Sphygmomanometer Market:
Revenue growth of the global aneroid sphygmomanometer market is significantly driven by technological advancements, rising geriatric population, and increased healthcare awareness. Furthermore, private and government organizations are taking numerous initiatives to enhance the healthcare sectors in various countries worldwide. Besides, the demand for fundamental diagnostic equipment is expected to urge because of increasing number of physicians across the globe. Hence, the aneroid sphygmomanometer market is expected to grow in the upcoming years. Moreover, aneroid sphygmomanometers are very user-friendly and can be used at home by the general public. As a result, increasing innovation, expanding public knowledge about their health, and numerous benefits of the aneroid sphygmomanometer will drive market expansion.
Factors Restraining Growth Of The Global Aneroid Sphygmomanometer Market:
The global aneroid sphygmomanometer market growth is substantially hampered by several unfavorable factors. A scarcity of qualified and trained personnel to operate these devices and strict regulatory criteria for medical device clearance are a few major market hindrances. Besides, the phase-out of mercury blood pressure monitors due to various health risks associated with them will be a commercial stumbling block.
Opportunities For Players Operating In The Global Aneroid Sphygmomanometer Market:
Companies are nowadays focusing on developing technologically advanced machinery and equipment at lower costs. Also, they are striving to find trained and qualified persons to operate these devices. Governments of various countries have implemented strict regulatory criteria for medical device clearance. These factors are expected to continue to open up lucrative business opportunities for major players.
Global Aneroid Sphygmomanometer Market Revenue Led By Product Type Segment:
Based on product type, the wrist type segment is expected to reach the highest revenue share over the forecast period. These aneroid sphygmomanometers are low-cost, long-lasting, light, and portable.
Global Aneroid Sphygmomanometer Market Leading End-use Segment:
Based on end-use, the hospitals segment is expected to dominate all other segments in terms of revenue generation over the forecast period. Increased awareness and rising manufacturer investments are expected to drive the segment in the upcoming years. Over the projected period, the households segment is expected to increase rapidly. The segment\’s growth is projected to be supported by the availability of smart wearables with mobility and the cost-effectiveness of this alternate choice for blood pressure monitoring. As a result, the trend toward self-sufficiency is expected to fuel the expansion of the households segment.
North America Accounts For Largest Revenue Share In Global Aneroid Sphygmomanometer Market:
Among regional markets, North America emerged as the largest market for aneroid sphygmomanometers in 2020, with the highest revenue share. Revenue growth in the North American market is mainly attributed to the availability of technologically advanced equipment and increasing prevalence of chronic illnesses in this region. Moreover, increased expenditures in the development of precise and effective BP monitors would also propel the aneroid sphygmomanometer monitor market in the region throughout the projected period.
Asia Pacific Continues To Lead In Terms Of Revenue CAGR:
The Asia Pacific aneroid sphygmomanometer market is expected to register the fastest CAGR over the forecast period. This is attributable to increasing healthcare facilities and growing elderly population in this region. At the same time, rising investments by manufacturers and increasing public awareness of healthcare institutions are expected to drive growth of the aneroid sphygmomanometer market in the area in the upcoming years.
Major Companies Profiled In The Report:
- A & D Medical
- Welch Allyn
- GE Healthcare
- Suntech Medical
- Paul Hartmann AG
- Microlife Corporation
- American Diagnostic
- Rossmax International
- Rudolf Riester GmbH
- Briggs Healthcare
- Terumo Corporation
- A Baum
- Bosch + Sohn
Strategies And Objectives Of Major Companies:
- In January 2020, Spengler and Holtex merged to establish a premium medical equipment company. This combination is projected to result in the expansion of the firm\’s distribution and sales network, thereby resulting in increased revenue.
- In January 2019, HeartGuide, a wearable blood pressure monitor, was launched by OMRON Healthcare. Introduction of this product introduction also resulted in the extension and development of the company\’s current portfolio, thereby providing prospects for growth through innovation.
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This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, global aneroid sphygmomanometer market is segmented on the basis of product type, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2023-2032)
- Wrist Type
- Arm Type
End-use Outlook (Revenue, USD Billion; 2023-2032)
- Ambulatory Surgical Centers
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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