Published on : Aug 29, 2019
Albany, New York, August 29, 2019: The global health care industry is increasingly feeling the pressure from diseases related to blood pressure. High blood pressure has been identified in most countries as key cause of serious diseases, especially for demographic of patients above 50 years of age. This is making the blood pressure monitoring process crucial to successful disease management or prevention.
Innovations in healthcare have resulted in improvements to medical devices, and the increased importance given to patient centric approaches, products that are suitable for DIY and home settings are being adopted rapidly around the world. The market for home blood pressure monitoring devices is expected to reach a value of ~ USD 1.1 billion through the end of 2019, with a strong CAGR of ~9 per cent through 2027.
These insights have been taken from a research report by MRH. This research report is titled as “Home Blood Pressure Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027” That has been added to the massive research repository of Market Research Hub (MRH).
The incorporation of multiple functionalities, wearable technologies, and diagnostic capabilities are key trends that will improve the prospects of the home blood pressure monitoring devices market. Smart monitoring has become an essential aspect with is driving the home blood pressure monitoring devices market.
Wearable devices have rapidly become popular, as end users get more tech savvy, with time. These technologies provide greater convenience in monitoring medical and physiological factors. On the other hand, home blood pressure monitoring devices are more likely to face accuracy issues, which is a key factor that can constrain the market on the whole, even as the increased influence of online sales channels are benefiting the market.
North America is the market leader for these devices in terms of value generation, which can be attributed to increased availability of advanced products such as wrist devices. However, the large number of local manufacturers in the region is anticipated to limit market growth owing to pricing pressures. Meanwhile, companies will likely find lucrative opportunities in the Asia Pacific region with increased health awareness.
Home Blood Pressure Monitoring Devices Market Insights - Report Overview
This report offers a clear picture of the global home blood pressure monitoring devices market size (value, production, and consumption), and consists of the breakdown (forecast 2019 to 2027), by region, product type, and distribution channel.
This study also scrutinizes the status, market share, pervasive trends, growth rate, drivers, opportunities, and restraints. In addition, it also gives a brief idea about the entry barriers, key challenges, sales channels, associated risks, distributors, as well as insights from Porter's Five Forces Analysis.
The report consists of a study coverage of the product, i.e. ‘home blood pressure monitoring devices’. The key segments of the industry have been methodically studied and analyzed. By product type, the home blood pressure monitoring devices market has been segmented into accessories, upper arm monitors, and wrist monitors. By distribution channel, the market has been segmented into online stores, hospital pharmacy, and retail pharmacy among others.
The report begins with an executive summary, which describes the market size both in terms of revenue and production. Moreover, there is a detailed analysis of the competitive landscape that features profiles of major players operating in the market space. Moreover, it also talks about the key developments, areas of interest, strategic moves, and other crucial aspects related to the key players of the market.
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