by A sphygmomanometer is a device used to measure blood pressure. It consists of an inflatable cuff placed around the upper arm and a mercury or mechanical manometer to measure pressure inside the cuff. Sphygmomanometers are widely used in clinical settings such as hospitals, clinics, diagnostic centers and physician offices to diagnose and monitor patients with hypertension (high blood pressure). The growing prevalence of cardiovascular diseases worldwide has increased the demand for sphygmomanometers for regular blood pressure monitoring.
The Global Sphygmomanometer Market is estimated to be valued at US$ 3.92 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Sphygmomanometer market are Omron Healthcare, ICU Medical Inc., Koninklijke Philips N.V., Baxter, Nihon Kohden, AD Medical, Spengler, SunTech Medical, Rudolf Riester GmbH, Microlife Corporation, American Diagnostic Corporation, Panasonic Healthcare, Beurer, Rossmax International Ltd., PAUL HARTMANN, BPL Medical Technologies, Homedics.
The key opportunities in the Sphygmomanometer Market Size include increasing healthcare expenditure in developing countries, growing preference for home monitoring devices and rising demand for digital and automated sphygmomanometers. Technological advancements such as integration of Bluetooth and Wi-Fi capabilities in sphygmomanometers are also expected to offer new growth opportunities.
Market Drivers
The key drivers propelling growth of the sphygmomanometer market are growing geriatric population, increasing incidence of lifestyle diseases and rising awareness about hypertension screening. According to World Health Organization data, cardiovascular diseases claim over 17.9 million lives each year and hypertension is a major risk factor. This has increased demand for accurate blood pressure monitoring devices across healthcare settings. Additionally, favourable government policies regarding management of hypertension and rising healthcare expenditures are supporting adoption of sphygmomanometers globally.
Current Challenges in Sphygmomanometer Market:
The sphygmomanometer market is facing several challenges currently. Lack of awareness about hypertension and its management in developing regions is a major challenge. Many people in rural areas are still not aware of symptoms and risks of uncontrolled blood pressure. Secondly, availability of low-cost alternatives like online BP monitors is restricting the growth of traditional auscultatory sphygmomanometers. Accuracy and reliability issues of low-cost devices is also a challenge. Reimbursement and insurance policies for BP monitoring devices vary widely across countries posing another challenge.
SWOT Analysis
Strength: High accuracy of auscultatory devices and mercury sphygmomanometers. Established brands with strong distribution network.
Weakness: Higher cost compared to alternatives. Require regular servicing and calibration.
Opportunity: Growing aging population and increasing hypertension cases provide large market potential. Remote monitoring through connectivity can open new growth avenues.
Threats: Competition from low-cost alternatives reducing demand. Stringent regulations can affect mercury devices adversely.
Geographical Regions of Concentration
North America accounts for the largest share of the global sphygmomanometer market currently, in terms of value. This is mainly due to high prevalence of hypertension, good healthcare infrastructure and high spending on chronic disease management. Asia Pacific is catching up rapidly driven by growing medical needs of aging population in countries like China and India.
Fastest Growing Geographical Region
Asia Pacific region is poised to grow at the fastest pace during the forecast period of 2024 to 2031. Increasing awareness, availability of low-cost devices and expansion of private healthcare will accelerate BP monitoring adoption in Asia Pacific. China, India and other Southeast Asian countries will contribute highly to the growth of sphygmomanometer market in this region. Growing medical tourism is another factor supporting Asia Pacific to emerge as the fastest growing market.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
