PRESSURE MONITORING DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Increasing demand for compact and smart devices for estimating pressure are the major factors boosting growth of the global pressure monitoring device market. There is been upsurge in number of people facing hypertension and related disease. For instance, in 2008, World Health Organization (WHO) reported 9.4 million deaths worldwide every year due to hypertension, which in turn increased the demand for tools and services to manage their symptoms. The technological advancements in pressure monitoring devices are driving growth of the pressure monitoring devices market. For instance, Blumio, the U.S. based medical device developer designed a wearable blood sensor that can continuously monitor blood pressure without requiring an inflatable cuff, enabling users to track and monitor blood pressure throughout the day. Furthermore, increasing awareness among the patients regarding disease monitoring and fitness is expected to boost growth of global pressure monitoring device market over the forecast period. However, inaccuracy of the devices in monitoring medical parameters by fluctuating the actual and displayed results is expected to restrain market growth. For instance, a survey article published by Oakland University in 2016, reported that, out of 126 aneroid blood pressure monitoring devices around 22.6% had calibration error for the clinical applications.