As stated in a recently published information by Credence Research, Inc. “Blood Pressure Monitoring Devices industry – (Device Type – Sphygmomanometer, Automated Blood Pressure Monitors, Ambulatory Blood Pressure Monitors, Transducers and Accessories, End User – Home, Hospital and Physician/Clinic) :industry Growth, Future Prospects and Competitive Analysis, 2016-2022,” the industry was valued at USD 1,840.1 Mn in 2015, and is expected to reach USD 3,482.4 Mn by 2022, expanding at a CAGR of 6.7% from 2016 to 2022.
Rising prevalence of heart disorders, increasing obese population and growing geriatric population are the major factors driving the global industry for blood pressure monitoring devices. North America held the largest regional industry, accounting for the industry share of over 30% in 2015, and is anticipated to dominate the global blood pressure monitoring devices industry during the forecast period of 2016 to 2022. Rising geriatric population in the region, susceptible for heart diseases, and higher spending for home healthcare segment together drive the North America blood pressure monitoring devices industry. Asia Pacific is expected to grow at a highest growth rate during the focus period, due to developing healthcare infrastructure, rising awareness regarding better health among the masses and rising number of regional device manufactures driving the blood pressure monitoring devices industry in the region.
Browse the full report Blood Pressure Monitoring Devices Market: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 report at http://www.credenceresearch.com/report/blood-pressure-monitoring-devices-market
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Among the device types, automated blood pressure monitors is the most widely used device in terms of revenue. Portability, ease in handling, high accuracy and value for money are the major factors driving automated blood pressure monitors industry. Ambulatory blood pressure monitors is anticipated to be the fastest growing segment in the device type segment, due to the effective use in the the diagnosis of white-coat hypertension and masked hypertension. Moreover, introduction of high end ambulatory blood pressure monitors by leading companies would further drive the industry.
Home end user segment held the largest share in end user segment of the global blood pressure monitoring devices industry. Growing trend in the development of home health care in the developed countries is the major driver for this segment. The introduction of novel blood pressure monitors suitable for the home setting would further fuel the industry. Physician/Clinics segment is anticipated to grow at a fastest rate during the forecast period due to the rising preference of the of the patients.
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