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Home » Press Releases » Global Ambulatory Blood Pressure Monitoring Devices Market to reach up to USD 176.98 million by 2028

Global Ambulatory Blood Pressure Monitoring Devices Market to reach up to USD 176.98 million by 2028


Published Date: Apr-2022 | Report Format:Electronic (PDF)

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.

To know more about the report, Click on the link  https://www.strategicmarketresearch.com/market-report/ambulatory-blood-pressure-monitoring-devices-market

 

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. 

 

Recent Developments: -

  • Recently, based on the various recommendations from the AHA & AMA, CMS the expansion of its national coverage of ABPM in two distinct ways. The first one is the lowering of (the BP) threshold of hypertension from a level of 140/90 to 130/80, hence allowing more and more patients across the globe to access ABPM. The second one is enabling ambulatory BP monitoring devices, especially for those patients who are primarily suspected of having lower-than-usual BP measurements in the clinical tests.

 

  • Schiller AG successfully launched a highly advanced PWA (Pulse-Wave Analysis Technique) that combines non-invasive, oscillometric, cuff-based, and precise auscultatory measurements for obtaining a 24-hour profile of the stiffness parameters such as PWV (Pulse Wave Velocity), peripheral and central BPs, and augmentation index.

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