Blood Pressure Monitors Market Segmentation:
Product Type Segment Analysis
The global blood pressure monitors market is segmented and analyzed for demand and supply by product type into aneroid BP monitors, sphygmomanometers, digital BP monitors, and ambulatory BP monitors. Out of these four types of segments, the ambulatory BP monitors segment is anticipated to capture the largest market size in the global blood pressure monitors industry. The growth of the segment can be attributed to the increasing technological advancements in healthcare, and the emergence of innovative products by key market players. For instance, Biobeat announced in June 2021 the availability of a disposable and easy-to-use ambulatory BP monitor (ABPM) system, which allows physicians to monitor the patient's cardiac data out-of-the-office environment, providing physicians with a comprehensive, and accurate evaluation of their patient's health. Patients can employ an ambulatory blood pressure monitor to track blood pressure measurements over a 24-hour period.
End-user Segment Analysis
The global blood pressure monitors market is also segmented and analyzed for demand and supply by end-user into hospitals, ambulatory surgical centers, home health care, and others. Amongst these segments, the hospitals segment is expected to garner a significant share. The growth of the segment can be attributed to the surging patient pool as a result of numerous cardiovascular disorders, coupled with an increase in the proportion of routine checkups. On the other hand, the home health care segment is projected to witness a massive CAGR during the forecast period, owing to the rising health awareness amongst people worldwide, coupled with an increasing preference to shift from hospitals to home care. Besides this, escalation in diabetes cases is also providing prominent growth to the segment since diabetes patients also require to check their blood pressure on a routine basis. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years. According to figures provided by the World Health Organization, diabetes kills 1.5 million people per year and significantly affects 422 million people worldwide, with a significant proportion residing in low- and middle-income nations.
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