SPHYGMOMANOMETER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global sphygmomanometer market is estimated to be valued at USD 3.92 BN in 2024 and is expected to exhibit a CAGR of 9.1% during the forecast period (2024-2031). Global sphygmomanometer market has been growing at a rapid pace due to increasing prevalence of cardiovascular diseases and rising geriatric population worldwide. A sphygmomanometer, commonly known as a blood pressure meter, is a device that is used to measure blood pressure non-invasively. It consists of an inflatable cuff placed around the upper arm and a mercury or mechanical manometer to display the pressure. Growing awareness about monitoring blood pressure regularly and the convenient availability of wrist and arm blood pressure monitors boosts adoption of sphygmomanometers across hospitals, clinics, and households. Moreover, technological advancements enabling wireless connectivity and data storage functionalities in modern devices are further propelling the market growth.

Market Dynamics:

Global sphygmomanometer market growth is driven by rising geriatric population who are more prone to developing high blood pressure, growing prevalence of cardiovascular diseases, and increasing awareness about regular blood pressure monitoring. However, factors such as inaccuracy issues associated with lower-priced devices and preference for alternative ambulatory blood pressure monitoring devices in some settings pose challenges to market growth. Increasing penetration of IoT-enabled smart sphygmomanometers offering wireless data storage and transmission capabilities presents lucrative opportunities for market expansion. Manufacturers are investing in developing more accurate and user-friendly connected blood pressure monitoring devices to capitalize on this opportunity.

Key Features of the Study:

• This report provides in-depth analysis of the global sphygmomanometer market, and provides market size (USD BN) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global sphygmomanometer market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study includes 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, and Homedics
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global sphygmomanometer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sphygmomanometer market

Detailed Segmentation-

• By Type:
• • Mercury Sphygmomanometer
  • Aneroid Sphygmomanometer
  • Digital Sphygmomanometer
• By Operation:
• • Manual
  • Semi-Automatic
  • Automatic
• By Modality:
• • Wall Mounted
  • Portable
  • Others
• By End User:
• • Hospitals & Clinics
  • Homecare Settings
  • Ambulatory Surgical Centres
  • Others
•  By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • 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