The study provides an analysis of the Global Sphygmomanometers Market and key trends to forecast the performance for the coming years from 2023-2032. For the study, the historical years considered are 2023 and 2021, 2022 is the base year, 2023-2032 is the forecast period. This study will help give the reader an extensive idea about the size, share, trends, and growth of the industry in the present and following years.
Global Sphygmomanometers Market: Introduction
A sphygmomanometer is a medical device that is used for measuring arterial blood pressure in patients. Blood pressure readings majorly consist of two readings: systolic and diastolic blood pressure measurements. The sphygmomanometer comprises a rubber cuff that is wrapped around the arm of the patient, a measuring device to measure the pressure of the cuffs, a bulb to inflate the cuff, and a valve to release the pressure from the cuff. Aneroid, mercury, and digital sphygmomanometers are the three main types of sphygmomanometers available in the market.
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Global Sphygmomanometers Market: Dynamics
The growing prevalence of high blood pressure is one of the major risk factors for global mortality. According to the WHO, nearly 7.5 million deaths are caused by a rise in blood pressure. Increasing awareness regarding hypertension among people and starting home care practices are most likely to fuel the growth of the global digital sphygmomanometer market. Moreover, as the digital sphygmomanometers are battery operated and comparatively easy to use, the demand is anticipated to rise significantly. Additionally, patient comfort and portability features are also predicted to increase demand during the forecast period.
In several studies, it is seen that the accuracy of the digital sphygmomanometers is less compared to aneroid and mercury sphygmomanometers. This factor might act as a restraining factor for the growth of the industry.
Global Sphygmomanometers Market: Competitive Landscape
The sector consists of several local and regional vendors. These companies cater to the needs of all the end-user segments. Major players in the industry compete based on product prices, designs, and the global supply distribution network. The existing established companies and the new entrants form business strategies such as mergers, acquisitions, product launches, joint ventures, and brand promotions to gain a robust footing in the industry. New product research and technology are also adopted by companies to gain a competitive advantage.
Global Sphygmomanometers Market: Regional Outlook
On the basis of region, the global sector is distributed primarily in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Europe and North America have dominated the global business due to early adoption and increased practice of blood pressure monitoring in their home care segment. The sphygmomanometers market in the Asia Pacific is speculated to witness a remarkable CAGR during the forecast timeline, owing to the growing number of patients and a surge in-home care practices for elderly patients.
- The industry is anticipated to see a significant rise in the number of consolidated companies. This initiative has increased the presence of local brands, hence increasing their market share.
- The industry has witnessed strategic alliances such as mergers & acquisitions, product launches, and technological innovation. The key driving forces driving industry growth are technological advancements, product developments, and technological adoption by companies.
- This report examines the current COVID-19 impact on the economy. This outbreak has brought about drastic changes in the global economic landscape. The current scenario of the ever-evolving business sector and initial and future assessment of the aftereffects are covered in the report.
Global Sphygmomanometers Market: Segmentation
By Type (Revenue in USD Million; Volume in Tons, 2023–2032)
By Application (Revenue in USD Million; Volume in Tons, 2023–2032)
- A&D Medical
- Health & Life
- SunTech Medical
- Welch Allyn
- American Diagnostic
- Bosch + Sohn
- Briggs Healthcare
By Region (Revenue in USD Million; Volume in Tons, 2023–2032)
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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