Technavio, a tech-focused market research firm, has published a new report on the global pressure monitoring devices market, which is expected to grow at a CAGR of close to 8% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global pressure monitoring devices market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global pressure monitoring devices market are elaborated below:
Pressure monitoring devices market in the Americas: Public awareness programs by governments and non-government organizations for cardiovascular diseases (CVDs), such as coronary heart disease and peripheral vascular disease, have compelled people to seek related tests and check-ups regularly, resulting in the adoption of pressure monitoring devices. The increasing inclination towards home-care settings for the monitoring of blood pressure and oxygen saturation on a daily basis is also contributing to the demand for pressure monitoring devices in this region.
According to Barath Palada, a lead analyst at Technavio, specializing in research on patient monitoring devices, “The US accounts for the largest market share in this region. Advanced products such as wireless blood pressure monitors enabled with a smartphone application, which will instantly display and store the data, are fast gaining popularity. The favorable reimbursement scenario in the US has further helped vendors to offer various products.”
Pressure monitoring devices market in EMEA: Europe accounts for the largest share of the pressure monitoring devices market in EMEA. In 2016, the UK, Germany, Italy, Spain, and France were the leading revenue generators in the market. The market has immense opportunities in emerging countries of Europe and Africa. The emerging standards from healthcare and government organizations are key driving forces behind the growth of pressure monitoring devices market in EMEA.
Pressure monitoring devices market in APAC: The market in APAC is growing at a faster rate compared with that in the Americas and EMEA, due to the growing prevalence of chronic conditions such as cardiovascular, respiratory, and other disorders. The major revenue contributors in this region are Japan, Australia, India, and China. Economies such as Japan, India, and China also present significant opportunities for vendors to expand their market presence. Increased investment in healthcare by private entities in the APAC region has further led to the sales of pressure monitoring devices for assessing hypertension, respiratory disorders, and associated problems.
The leading vendors operating in the global pressure monitoring devices market are:
- A&D Medical
- Drägerwerk
- Hill-Rom
- GE Healthcare
- Philips Healthcare
Other prominent vendors in the market include Ad-Tech Medical Instrument, American Diagnostic, Beurer, CAS Medical Systems, CITIZEN SYSTEMS JAPAN, CONTEC MEDICAL SYSTEMS, Criticare Technologies, ERKA, Gaeltec Devices, Geratherm Medical, Haiying Medical, HeadSense Medical, Hingmed, HONSUN, Masimo, Medtronic, Microlife, Nihon Kohden, Norditalia, Opto Circuits, Rudolf Riester, Rossmax International, Schiller, Shenzhen Mindray Bio-Medical Electronics, Spacelabs Healthcare, SUZUKEN, Truly Healthcare, Vasomedical, and Withings.
A more detailed analysis is available in the Technavio report titled, ‘Global Pressure Monitoring Devices Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Pulse Oximetry Market 2017-2021
- Global Blood Glucose Monitoring Devices Market 2017-2021
- Global Patient Monitoring Equipment Market 2017-2021
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