Published on : Jun 28, 2018
Albany, New York, June 28, 2018: A fresh study, focusing on the global demand for sphygmomanometers has been publicized to the vast archive of Market Research Hub (MRH), with the title of “Global Sphygmomanometers Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023”. A sphygmomanometer is the most commonly used equipment to meter blood pressure. According to the World Health Organization (WHO), high blood pressure is a leading cause for more than 7.5 million deaths. The rise in awareness about hypertension among the global population and emergence of home care practices are likely to drive the global market for sphygmomanometer.
This 150-page study offers holistic is an insightful forecast analysis on the expansion of the global market for sphygmomanometers for the assessment period, 2018-2023. Moreover, the primary regions are analyzed for the purpose of evaluating the impact of the different factors mentioned in the research report. Regions highlighted in the study are North America, Europe and Asia-Pacific, South America, Middle East and Africa.
Major Insights from the Study
As per the active research evaluations, the global market for Sphygmomanometers is expected to grow at a CAGR of 7.5% over the next five years, will further reach 2740 million US$ in 2023, from the value of 1910 million US$ in 2017. There have been various factors contributing to this market growth. In the initial section, the study begins with a brief overview of the sphygmomanometers and data analysis of the global market with respect to the segments based on type and application.
Moreover, the research also clearly stated that the Sphygmomanometers industry concentration is relatively high; there are many big manufacturers in the world, and above 80% are produced in China. This study also outlines major players operating in the sphygmomanometers market around the world. They are Microlife, Omron, SunTech Medical, A&D Medical, Rossmax, Yuwell, Beurer, Andon, Medisana, Health & Life, Citizen, Bosch + Sohn, Welch Allyn, Briggs Healthcare and American Diagnostic. It has been during the research that company mergers and acquisitions, and inter-companies cooperation have followed for development and growth.
As mentioned earlier, the research study broadly categorizes the global market on the basis of types and applications. The major types of sphygmomanometers include Mercury, Aneroid and Digital Sphygmomanometers. Of these, mercury sphygmomanometer is considered as a gold standard for blood pressure measurement. By applications, the research study includes hospital, family, clinic and others. The report also clearly states that the availability of advanced sphygmomanometers that can reduce a patient’s visit to the doctor and enable the patient to keep a track of his health will be a major trend in this market space.
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