Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 8.26 Billion | USD 12.61 Billion | CAGR at 4.77% | 2023 |
According to the report published by Zion Market Research, the global Pressure Monitoring Market size was valued at USD 8.26 Billion in 2023 and is predicted to reach USD 12.61 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.77% during the forecast period. The report analyzes the global Pressure Monitoring Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Pressure Monitoring Market industry.
One of the most important drivers for this market is the growing inclination of consumers for healthcare monitoring at home. Lately, it has been witnessed that several people have started to endure from chronic hyper-tension, which can be prevented with the help of medicines and a healthy lifestyle. Many people now choose home healthcare to lessen hospital stays and allied expenditure. As a result, many people have started making use of digital, moveable, and user-friendly pressure monitoring product as they can be easily used at home and are very accurate. This recent augment in the number of people going for portable devices to handle their condition in a healthier way and Pressure Monitoring product is becoming very popular among people.
Growing geriatric population is a significant driver sustaining the expansion of the market. These groups of population undergo from a variety of chronic illness, such as; glaucoma and heart diseases. Most of the aging population tends to grow with hypertension. Therefore, demand for Pressure Monitoring Product is anticipated to augment with the growing need to maintain normal blood pressure level. Hence, it helps rise growth of the whole market.
The Pressure Monitoring Market is classified based on the product and section.
Based on product, the blood pressure monitoring product market is divided into automated BP monitors, sphygmomanometer, BP transducers, ambulatory BP monitors, and BP instrument accessories. In the past years, Sphygmomanometer section dominated the product section in terms of revenue due to its broad applications and related benefits.
Based on section, the blood pressure monitoring market is further divided into aneroid, mercury, and digital sphygmomanometer. Among the three segments, digital sphygmomanometer is anticipated to develop at a good rate in the coming years due to its various benefits such as; precise results and user-friendly. Additionally, technological development in healthcare sector such as; health is accountable for the market development.
Report Attributes | Report Details |
---|---|
Report Name | Pressure Monitoring Market Research Report |
Market Size in 2023 | USD 8.26 Billion |
Market Forecast in 2032 | USD 12.61 Billion |
Growth Rate | CAGR of 4.77% |
Number of Pages | 196 |
Key Companies Covered | Philips Healthcare, Welch Allyn, GE Healthcare, NIHON KOHDEN CORPORATION, Drägerwerk AG & Co. KGaA, Medtronic, Becton, Dickinson and Company, Nonin Medical Inc., A&D Medical, Smiths Medical, Icare Finland Oy, Essilor, and NIDEK CO., LTD. |
Segments Covered | By product, By section and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America dominated the global Pressure Monitoring Market Product market due to increasing healthcare expenses in the U.S. and the expansion of sophisticated communications in the country. Furthermore, increasing occurrence of cardiac related syndrome in the U.S. is also sustaining the development of this regional market. Europe held a major market share in the past years due to growing aged population based in this region. The elderly population mainly gets affected with a huge number of diseases, for example: hypertension issue. Bad heart condition also results in heart problems among this group of the population.
Due to the aforementioned features, Europe is anticipated to fuel the market at a major growth rate. Asia Pacific is anticipated to see the highest expansion in the coming years. This is due to the increasing occurrence of chronic illness such as; cardiac disorders and respiratory. People who suffer from such diseases require pressure monitoring product at regular intervals to maintain their overall health.
The key players for Pressure Monitoring Market Product are:
By product
By section
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