Ambulatory Blood Pressure Monitors Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis
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The Global Ambulatory Blood Pressure Monitors Market was valued at US$ 1,064.6 million in 2015 and is projected to expand at a CAGR of 8.0% during the forecast period (2017-2025), as highlighted in a new report published by Coherent Market Insights. Increasing healthcare expenditure by governments, technological advancements by key players, rising prevalence of cardiovascular diseases attributed to blood pressure are expected to be major factors driving growth of the global ambulatory blood pressure monitors market over the foreseeable future.
Hypertension is driven by suboptimal behavioral factors such as excessive salt consumption, inadequate physical activity and lack of adherence to antihypertensive medication are common in emerging economies. High blood pressure often has no observatory symptoms and if left untreated over time, can cause serious health conditions, such as heart disease and stroke. According to the American Stroke Association 2015, cardiovascular disorders are the leading cause of death globally accounting for 17.3 million deaths per year, a number that is expected to grow to more than 23.6 million by 2030. The rising hypertension related cardiovascular disorders are thereby, contributing to growth of global ambulatory blood pressure monitoring devices that are extremely useful to keep a consistent track of the fluctuating blood pressure.
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Obesity is largely linked to higher incidence rates of hypertension than normal-weight individuals. Excess weight gain associated with increased visceral adiposity, accounts for 65% to 75% of the risk for human primary hypertension. According to the World Health Organization 2016, approximately 1.9 billion adults were overweight. Of these, over 600 million people were obese. Also, around 41 million children under the age of 5 years were obese with 50% of the total children living in Asia Pacific. The key developments in the ambulatory blood pressure monitors devices offer pain-free and stress free 24-hour blood pressure check for efficient management and healthcare solutions with variable cuff sizes.
The highest risk of high blood pressure are those who suffer from obesity, those suffering from diabetes, and those with chronic kidney disease. The requirement for self-health monitoring and preventive medicine is increasing due to the projected dramatic increase in the number of age-related disorders. According to the National Council of Aging 2017, approximately 92% of older adults have at least one chronic disease, thereby increasing the reliability of ambulatory blood pressure monitors for periodic assessment, owing to its easy mechanism and enhanced accuracy. The U.S. Preventive Services Task Force—an independent panel of experts in primary care and prevention that systematically reviews the evidence of effectiveness and develops recommendations for clinical preventive services—approves of the diagnosis of hypertension with these devices, as they can continuously monitor blood pressure fluctuations. Key players are developing wearable and edevice to enhance healthcare connectivity as an alternative for coping up with the hectic life schedule of the people. For instance, the collaboration of iHealth Labs with Apple Inc. combines MyVitals App with Apple's Health Application thereby integrating advanced health monitoring for the global iPhone users.
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Key takeaways of the market:
• The global ambulatory blood pressure monitors market is expected to expand at a CAGR of 8.0% during the forecast period (2017-2025) as there exists a huge demanding market especially in Asia Pacific, Latin America, Middle East and Africa.
• The wrist ambulatory blood pressure monitors dominates the market in the product segment, as it is easily usable and largely available with variable cuff sizes in medical healthcare facilities.
• Home care settings and hospitals are the major end users of ambulatory blood pressure monitors market, as these devices offer accuracy with periodic measurements of blood pressure.
• Some of the major players involved in global ambulatory blood pressure monitors market are OSI Systems, SunTech Medical, Andon Health Co., Ltd, Schiller AG, Omron Healthcare, Beurer GmBH, Finapres Medical Systems, Welch Allyn, Inc. and Kokinklijke Philips.
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Key Reasons to Purchase:
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Assess the Ambulatory Blood Pressure Monitors Market production processes, major issues, and solutions to mitigate the development risk.
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To understand the most affecting driving and restraining forces in the Ambulatory Blood Pressure Monitors Market and its impact in the global market.
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