Sphygmomanometer Market is Anticipated to Witness High Growth Owing to Increasing Hypertension and Cardiovascular Diseases Prevalence
Sphygmomanometer Market is Anticipated to Witness High Growth Owing to Increasing Hypertension and Cardiovascular Diseases Prevalence
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Sphygmomanometers are devices used for measuring blood pressure. It consists of an inflatable cuff, a mercury or mechanical manometer for displaying pressure readings, a bulb for inflating the cuff, and a release valve for deflating the cuff. Sphygmomanometers find applications in hospitals, ambulances, clinics, and homes. Blood pressure measurement helps detect high blood pressure and screen for risks of heart attacks and strokes. Early detection can help manage cardiovascular conditions through dietary changes, exercise, and medication.
The global Sphygmomanometer market is estimated to be valued at US$700 million in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024-2029.
Key Takeaways
Key players operating in the Sphygmomanometer are Omron Healthcare, A&D Medical, Koninklijke Philips N.V., Smiths Group Plc., Welch Allyn.
The rising number of patients with cardiovascular diseases and the increasing awareness about hypertension screening has opened opportunities for sphygmomanometers in clinics and home care settings.
Global players are expanding to high Sphygmomanometer Market Growth markets in Asia Pacific and Latin America driven by growing medical infrastructure and healthcare spending.
Market drivers:
The increasing prevalence of hypertension and CVD globally is a major market driver. As per WHO, nearly 1.28 billion people suffer from hypertension worldwide. Overtime uncontrolled blood pressure can damage organs and increase heart disease and stroke risks. This fuels demand for routine blood pressure monitoring devices.
Market restraints:
Incorrect measurement due to user errors is a major challenge. Sphygmomanometers require training to take accurate readings. Devices vary significantly in accuracy which can lead to under or over diagnosis of hypertension cases based on readings. This restrains widespread adoption, especially in home settings.
Segment Analysis
The Sphygmomanometer Market Regional Analysis is segmented into mercury sphygmomanometer, aneroid sphygmomanometer, digital sphygmomanometer. Among this, digital sphygmomanometer accounts for the largest market share owing to its advantages over other segments. Digital sphygmomanometers provide accurate, automatic and faster blood pressure readings with the help of digital displays. They are easy to use and store multiple readings which helps physicians to track blood pressure over time.
Global Analysis
Regionally, North America dominates the Sphygmomanometer market followed by Europe. This is attributed to increasing prevalence of hypertension, growing elderly population, and advanced healthcare infrastructure in these regions. Asia Pacific region is expected to grow at the fastest rate during the forecast period due to rising healthcare spending, large patient pool, and growing awareness about hypertension. Moreover, increasing focus of international players towards emerging Asian countries to tap the business opportunities will further support the market growth in Asia Pacific region.
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