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Sphygmomanometer Market Size & Share, By Product (Electronic Sphygmomanometer, Aneroid Sphygmomanometer, Mercury Sphygmomanometer), Operation (Electric, Manual, Automatic, Semi-automatic), Configuration (Portable, Desk Mounted, Floor Standing, Wall Mounted), End User (Hospitals, Ambulatory Surgical Centers & Clinics, Home Healthcare, Others), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 5634

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook:

Sphygmomanometer Market crossed USD 2.65 Billion in 2023 and is estimated to reach USD 5.8 Billion by end of the year 2032, witnessing more than 9.1% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 2.65 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

9.1%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 5.8 Billion

19-23 x.x %
24-32 x.x %
Sphygmomanometer Market

Historical Data Period

2019-2023

Sphygmomanometer Market

Largest Region

North America

Sphygmomanometer Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

The increasing prevalence of hypertension and cardiovascular diseases is expected to drive the growth of the sphygmomanometer market. Growing awareness about the importance of monitoring blood pressure regularly is also contributing to the market growth. Furthermore, the rising geriatric population and the increasing adoption of telehealth services are creating opportunities for market expansion.

Report Scope

Report CoverageDetails
Segments CoveredProduct, Operation, Configuration, End User
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledA & D Company, Welch Allyn, Koninklijke Philips N.V., General Electric, Omron, Beurer, Paul Hartmann AG, Microlife, American Diagnostic, Rossmax International

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Industry Restraints:

The high cost associated with advanced sphygmomanometers is a major restraint for market growth. Limited access to healthcare facilities, especially in developing regions, is also hindering the market growth. Additionally, the presence of alternative blood pressure monitoring devices, such as wearable technology, is posing a challenge to the sphygmomanometer market.

Regional Forecast:

Sphygmomanometer Market

Largest Region

North America

34% Market Share in 2023

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North America: The Sphygmomanometer market in North America is expected to witness significant growth, particularly in the U.S. and Canada. The increasing prevalence of hypertension and cardiovascular diseases in the region, coupled with the rising awareness about the importance of monitoring blood pressure, is driving market growth.

Asia Pacific: In Asia Pacific, countries such as China, Japan, and South Korea are experiencing a growing demand for sphygmomanometers. The increasing healthcare expenditure, changing lifestyles leading to higher incidence of chronic diseases, and the growing elderly population in these countries are expected to drive market growth in the region.

Europe: The Sphygmomanometer market in Europe is also expected to show steady growth, particularly in the United Kingdom, Germany, and France. The region has a well-established healthcare infrastructure and a high awareness about the importance of regular blood pressure monitoring, which is driving market growth.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Sphygmomanometer Market
Sphygmomanometer Market

Segmentation Analysis:

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In terms of segmentation, the global Sphygmomanometer market is analyzed on the basis of Product, Operation, Configuration, End User.

Sphygmomanometer Market, By Product

The Sphygmomanometer market can be segmented by product into Electronic Sphygmomanometer, Aneroid Sphygmomanometer, and Mercury Sphygmomanometer. Electronic Sphygmomanometers are gaining popularity due to their ease of use and accuracy. Aneroid Sphygmomanometers are cost-effective and commonly used in clinical settings. Mercury Sphygmomanometers, although less common now due to environmental concerns, are still considered the gold standard for blood pressure measurement by some healthcare professionals.

Sphygmomanometer Market, By Operation

The market can also be segmented by operation into Electric, Manual, Automatic, and Semi-automatic. Electric Sphygmomanometers offer automatic inflation and deflation, making them convenient for healthcare professionals. Manual Sphygmomanometers require the user to inflate and deflate the cuff manually. Automatic and semi-automatic Sphygmomanometers combine the benefits of both manual and electric operation, offering ease of use and accuracy.

Sphygmomanometer Market, By Configuration

Configuration segmentation includes Portable, Desk Mounted, Floor Standing, and Wall Mounted Sphygmomanometers. Portable Sphygmomanometers are convenient for healthcare providers who need to take blood pressure measurements on-the-go. Desk Mounted, Floor Standing, and Wall Mounted Sphygmomanometers are commonly found in hospitals and clinical settings where blood pressure monitoring is a routine procedure.

Sphygmomanometer Market, By End User

The Sphygmomanometer market can be segmented by end user into Hospitals, Ambulatory Surgical Centers & Clinics, Home Healthcare, and Others. Hospitals are the major end users of Sphygmomanometers, where accurate blood pressure monitoring is crucial for patient care. Ambulatory Surgical Centers & Clinics also require reliable blood pressure measurement devices for diagnostic purposes. Home Healthcare users prefer portable Sphygmomanometers for monitoring blood pressure in the comfort of their homes.

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Competitive Landscape:

Competitive landscape in the Sphygmomanometer Market:

The Sphygmomanometer market is highly competitive with key players striving to gain a competitive edge through technological advancements, product innovation, strategic collaborations, and mergers and acquisitions. The increasing prevalence of cardiovascular diseases globally has led to a surge in demand for Sphygmomanometers, further intensifying the competition among market players.

Top Market Players:

1. Omron Healthcare

2. A&D Medical

3. Hill-Rom Holdings, Inc.

4. Welch Allyn

5. SunTech Medical, Inc.

6. American Diagnostic Corporation

7. Rudolf Riester GmbH

8. GE Healthcare

9. Smiths Medical

10. Spacelabs Healthcare

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Sphygmomanometer Market Size & Share, By Product (...

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