The report of " Ambulatory Blood Pressure Monitoring Devices" Market by Product (Arm ABPM Devices, and Wrist ABPM Devices), By End-User (Hospitals, Ambulatory Surgical Centers, and Others), - Global Forecast to 2030. "The Global Ambulatory Blood Pressure Monitoring Devices share accounted for up to USD 103.27 million in 2020. It is most likely to reach about USD 176.98 million by 2030, along with a steady CAGR growth of around 6.97% throughout the anticipated time frame of 2020-2028. The rise in the old age population is one most prominent causes that are propelling the prosperity of the Global Ambulatory Blood Pressure Monitoring Devices Market across the globe.
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By Product, the 'Arm ABPM Devices' segment held the highest portion of share in 2020
Based on Product, the Ambulatory Blood Pressure Monitoring Devices industry worldwide has been broadly bifurcated into Arm ABPM Devices & Wrist ABPM Devices. The 'Arm ABPM Devices' dominated the market comprehensively in 2020 with a steady CAGR growth because of its high availability & accuracy rate.
By End-User, the 'Aerospace & Automotive' segment accounted for up to the highest share of the market in 2020
Based on End-User, the Global Ambulatory Blood Pressure Monitoring Devices industry has been fragmented into Hospitals, Ambulatory Surgical Centers, and Others. The "Hospitals" segment comprehensively dominated the market with a consistent CAGR. The surge in the governmental initiatives for the further development of health care infrastructure for providing a much better patient-centered care system and the continuous rising prevalence of BP are the major factors that are augmenting this market's growth. According to the United States National Library of Medicine & National Institutes of Health, approximately 47% of coronary heart diseases and around 54% of stroke patients who were admitted to the hospitals were prone to high BP.
'North America' continued to show its dominance in the market by covering approximately around 42.25% of the entire market share across the globe. A steep rise in the overall health care expenses is one of the primary reasons that is propelling the overall market growth. Moreover, the ABPM devices are much more affordable in the USA, ranging between an amount of USD 200 to USD 250. Also, as per CDC, in 2019, in the USA, high BP was the major reason for mortality of around 5.16 Mn people.
However, the 'Asia-Pacific' Region significantly accounted for the fastest-growing market region, with an overall CAGR value of up to 8.75% throughout the prevised period of 2020-2028.
Some of the essential players present in the Global Ambulatory Blood Pressure Monitoring Devices include Bosch & Sohn GmbH & Co. KG, SunTech Medical, Spacelabs Healthcare Inc, Welch Allyn Inc, DAIFUKU CO. LTD, GE Company, Schiller AG, Rudolf Riester GmbH, Mortara Instrument Inc, Vaso Corporation, BPL Group, Omron Healthcare Company, Daray Medical, Microlife Corporation, etc.
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