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Sphygmomanometer Market Will Grow At Highest Pace Owing To Increasing

Sphygmomanometer Market

The sphygmomanometer market comprises instruments that are used to measure blood pressure. Also known as a blood pressure meter, it includes an inflatable cuff that is wrapped around the upper arm and a mercury or mechanical manometer to measure the pressure. Sphygmomanometers play a vital role in detecting hypertension and other cardiovascular problems. It provides an easy, non-invasive way to monitor blood pressure trends over time. The rising cases of high blood pressure and cardiovascular diseases have fueled the demand for regular blood pressure monitoring devices at hospitals, clinics as well as for personal use.

The Global Sphygmomanometer Market is estimated to be valued at US$ 3.92 Billion 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, A&D Medical, Spengler, SunTech Medical, Rudolf Riester GmbH, Microlife Corporation, American Diagnostic Corporation, Panasonic Healthcare, Beurer, Rossmax International Ltd., PAUL HARTMANN, BPL Medical Technologies, Homedics. Due to the increasing number of patients suffering from cardiovascular disorders, the demand for Sphygmomanometer Market Growth has surged tremendously. Various technological advancements such as smartphone integration, wireless capabilities and automatic data collection features are further expected to increase the adoption of advanced sphygmomanometers.

The growing prevalence of hypertension and rising geriatric population are major drivers of increasing demand for sphygmomanometers. As per the World Health Organization (WHO), nearly 1.28 billion adults aged 30-79 years had hypertension in 2019. Technological advancements are also fueling the sphygmomanometer market growth. Key players are integrating novel technologies like smartphone integration, cloud connectivity, and automatic data logging to develop advanced blood pressure monitoring devices. Wireless smart devices with additional health tracking features are gaining popularity.

Market Trends

The major trends in the sphygmomanometer market include the rising popularity of upper arm electronic devices and smart wireless monitors. While conventional mercury and aneroid sphygmomanometers are inexpensive and widely used, electronic upper arm monitors are gaining preference due to their easy, quick andaccurate reading. The integration of digital technology offers automated inflation/deflation and instant display of blood pressure and pulse readings. Moreover, technologically advanced devices with Wi-Fi and Bluetooth connectivity allow automatic syncing of readings with smartphones and health monitoring apps. This fuelshome healthcareand remote patient monitoring.

Market Opportunities

The development of integrated devices offering additional vital signs monitoring besides blood pressure is a key opportunity. Manufacturers are focusing on designing compact multi-parameter monitors capable of recording parameters like body temperature, ECG, pulse oximetry etc. This will increase utility for both home use and point-of-care testing. Secondly, with growing telehealth and remote patient monitoring, there lies significant scope for smart wireless blood pressure cuffs compatible with telemedicine solutions. This can help detect health changes early and enable proactive care of chronic disease patients.

Impact of COVID-19 on Sphygmomanometer Market Growth

The COVID-19 pandemic had a significant impact on the global sphygmomanometer market. During the initial phases of the outbreak, production and supply chain activities were disrupted due to lockdowns imposed worldwide. This led to shortages of sphygmomanometers in hospitals dealing with COVID-19 patients. However, demand increased exponentially as blood pressure monitoring is an essential diagnostic procedure for COVID-19. This surge in demand helped offset losses incurred during the initial crisis phase.

Manufacturers ramped up production capacity to meet the huge spike in demand from hospitals, diagnostic centers, and users monitoring blood pressure at home. Remote patient monitoring solutions gained popularity as telemedicine became widely adopted. This further increased demand for home-use sphygmomanometers. Governments also allocated additional funding for procuring essential medical devices like sphygmomanometers to strengthen healthcare capacities.

While global economies are recovering post lockdowns, demand continues at elevated levels. Chronic diseases requiring regular BP monitoring have remained stable. The pandemic has also increased health awareness worldwide, with many individuals now closely tracking vital parameters like blood pressure. This is expected to sustain higher demand even after the crisis abates. Telemedicine is likely to see continued traction, benefiting the home-use segment. Overall, the COVID-19 pandemic has accelerated several trends driving market growth both during and after the crisis.

Geographical Regions with Highest Sphygmomanometer Market Value

Asia Pacific dominates the global sphygmomanometer market in terms of value largely due to China and India's huge production and demand. China is the world's largest manufacturer of sphygmomanometers while India has a vast population and increasing incidence of lifestyle diseases. North America is the second largest region driven by the US, having the highest healthcare spending globally. The presence of leading medical device companies and rapid adoption of new technologies also contribue to the region's large market size. Europe follows in terms of value led by Germany, UK and France which are major hubs for pharma and medtech innovation and research.

Fastest Growing Regional Market for Sphygmomanometers

The Middle East and Africa region is poised to witness the fastest growth in the sphygmomanometer market during the forecast period. This is due to rising healthcare investments, growing medical tourism, expanding health insurance coverage and a surging geriatric population base in the region which is more prone to hypertension and cardiovascular issues. Countries like Saudi Arabia, United Arab Emirates and Qatar are prioritizing universal healthcare access and improving national health infrastructure. This is providing a booster shot to the regional sphygmomanometer market.

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