Market Analysis: Global Sphygmomanometer/Aneroid BP Monitor Market
Sphygmomanometer/aneroid BP monitor market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing healthcare expenditure and development of cloud- based healthcare systems are the factor for the growth of this market.
Market Definition: Global Sphygmomanometer/Aneroid BP Monitor Market
Sphygmomanometer is a device which is used to measure the blood pressure level of the body. This device has the ability to check the heart rate and pulse rate as well. This is very helpful for the patients with BP as they help them to keep the track of their BP level. Electronic sphygmomanometer, mercury sphygmomanometer and aneroid sphygmomanometer are some of the common types of the sphygmomanometer. A sphygmomanometer comprises of an inflatable cuff, a measuring unit and an inflation mechanism that can be an electrically operated bulb and valve or pump.
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Market Drivers
• Rising awareness about hypertension and its associated risk will enhance the market growth
• Increasing cases of high blood pressure will also drive the growth of this market
• Growing demand for advanced sphygmomanometers can act as a market driver
• Rising adoption of wearable devices for healthy lifestyle is also driving the market growth
Market Restraints
• Complexity associated with the inaccurate readings on digital sphygmomanometers will restrain the market growth
• High cost of the digital sphygmomanometers will restrain the growth of this market
Segmentation: Global Sphygmomanometer/Aneroid BP Monitor Market
By Product
o Electronic Sphygmomanometer
o Aneroid Sphygmomanometer
o Mercury Sphygmomanometer
By Application
o Hospital
o Clinic
o Family
o Other
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea
o Australia
o Singapore
o Malaysia
o Thailand
o Indonesia
o Philippines
o Rest of Asia-Pacific
• South America
o Brazil
o Rest of South America
• Middle East and Africa
o South Africa
o Rest of Middle East and Africa
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Key Developments in the Market:
• In December 2018, Omron Healthcare announced that they have received approval from the FDA for their HeartGuide wristwatch which is a oscillometric wrist blood pressure monitor. The product's main characteristic is a flexible synthetic band intended to inflate and retain its shape when reading the blood pressure while remaining comfortable on the wrist. This launch is very beneficial for the blood pressure patient as they can easily measure their blood pressure anywhere
• In January 2018, ROHM and Equate Health announced their partnership on a cuffless blood pressure which merges the ROHM's 2nd generation optical heart rate sensor with AI and machine learning instruments from Equate Health. This launch will help the patients so they can easily measure and track their blood pressure level. This will create better option for patient as well as healthcare provider to create right decision for their health
Competitive Analysis:
Global sphygmomanometer/aneroid BP monitor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sphygmomanometer/aneroid BP monitor market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major competitors currently working in the global sphygmomanometer/aneroid BP monitor market are Omron Healthcare, Inc, A&D Company, Limited; Welch Allyn, Accoson Ltd, ARCHOS, Amico Group of Companies., Briggs Healthcare, CONTEC MEDICAL SYSTEMS CO.,LTD, ERKA Kallmeyer Medizintechnik GmbH & Co. KG, Fazzini., Heine Optotechnik, Microlife Corporation., Jiangsu Fu Lin Medical Equipment Co., Ltd, Rossmax International Ltd., SunTech Medical, Inc., Suzuken Company Limited., Timesco Healthcare Ltd., Yu Yue medical, Asia Connection Co., Ltd., Troge Medical India Pvt Limited, Kay & Company among others.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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