Blood Pressure Test Market – Overview:
Global Blood Pressure Test Market Is Expected To Grow At A CAGR Of 5.7% During The Forecast Period.
Blood pressure test is done for the patients with cardiovascular diseases, hypertension, and diabetes. Systolic and diastolic pressure is important for continuously monitoring the blood pressure. The test is mostly recommended for the patients with hypertension to determine the risk of any cardiovascular disease such as coronary heart disease.
Prevalence of chronic diseases such as cardiovascular diseases, obesity, and diabetes is on the rise across the globe, especially in the developing countries. The market is driven by the increasing prevalence of cardiovascular diseases in rural areas of the developing countries. Rising geriatric population further increases the chances of cardiovascular diseases and hypertension, thereby accelerating the market growth. Additionally, increasing research and development activities, and technological advancements to identify the causes and risk factors for chronic heart diseases is fuelling the growth of the global blood pressure test market. The high cost of treatment may restrain the growth of the market.
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According to WHO, more than 35% of the total global population was suffering from major or minor cardiovascular complication in 2015 and is the most common cause of death globally.
Blood Pressure Test Market Major Players:
Some of the key players in this market are OMRON Corporation, SunTech Medical, Inc., SPENGLER, Koninklijke Philips N.V., Schiller AG, Spacelabs Healthcare, American Diagnostic Corporation, Bosch + Sohn GmbH u. Co. KG, Withings SA, Welch Allyn, Inc. (Hill-Rom), A&D Medical, and General Electric Company.
Blood Pressure Test Market – Segments:
The global blood pressure test market is segmented on the basis of product, indication, and end user.
On the basis of the product, the market is segmented into sphygmomanometers, blood pressure transducers, blood pressure instrument accessories, and others.
Sphygmomanometers is further segmented into mercury, aneroid and digital. Blood pressure transducers is further segmented into disposable and reusable. Blood pressure instrument accessories is further segmented into blood pressure cuffs, bladders, and bulbs & valve.
On the basis of indication, the market is segmented into hypertension, coronary heart disease, and others.
On the basis of the end user, the market is segmented into hospitals & clinics, diagnostic centers, home care and others.
Blood Pressure Test Market – Regional Analysis:
The Americas account for the largest market for the blood pressure test. Increasing prevalence of cardiovascular diseases and diabetes is the major driving factor for the growth of the market. According to the Center for Diseases Control and Prevention (CDC), 9.3% of the total American population is suffering from diabetes. Increasing number of diabetic and obese population, rising demand for better treatment for the diseases and well-developed infrastructure has provided fuel for the growth of the market. North America accounts for the major share in the America advanced blood pressure test market.
Europe accounts for the second largest market due to the well-developed healthcare sector, continuously increasing patient population, and high healthcare expenditure. Additionally, increasing prevalence of diabetes in the European Union (EU) also fuels the market growth. Germany, the U.K., and France hold the first, second and third position in the market.
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Asia Pacific is expecting the fastest growth for this market. Increasing prevalence of cardiovascular diseases and rising geriatric population are the major driving factor for the growth of the market. India and China are the two major regions with the highest contribution to the market growth owing to highest diabetic population and increasing the presence of heart attack among these patients. Additionally, rising geriatric population further drive the growth of the market. Furthermore, rapid development of the healthcare infrastructure also accelerates the market growth. According to the International diabetic federation, India and China account 180 million people have diabetes which is approximately 40% of world’s diabetic population. The rising prevalence of diabetes in this region is attributed to rising prevalence of lifestyle disorders such as obesity, and addiction such as smoking. According to the International Diabetes Foundation, 98.4 million and 65.1 million diabetic population live in China and India respectively.
In the Middle East & Africa, the market is expected to show steady growth due to developing healthcare system, and increasing demand for diagnostic and treatment services. The Middle East is the major contributor to the market which is driven by the presence of well-developed economies such as Kuwait and Qatar. Whereas, Africa exhibits slow growth due to limited development in the field of medical science and presence of poor economic conditions in various developing regions of Africa.
TOC of Blood Pressure Test Market Research Report– Global Forecast till 2023:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
Key Questions Answered In This Report:
What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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