(PharmaNewsWire.Com, May 23, 2017 ) Market Data Forecast has published a new report “Europe Blood Pressure Monitoring Device Market”, according to which the market is estimated at $0.93 billion in 2016 and poised to grow $1.24 billion by 2021 with a CAGR of 5.9% in the forecast period.
BP Monitoring Device Market refers to force exerted by blood on the walls of blood vessels as the result of the heart pump. Blood Pressure monitoring plays an important role in detecting a wide range of health problems. Major fluctuations of pressure in vital areas of the body might be an indication of chronic and acute diseases, such as diabetes, cardiac arrest, and glaucoma.
The systolic blood pressure defined as the highest pressure in the arteries when the hearts contracts while the diastolic blood pressure is defined as lowest pressure when the heart relaxes. Behavioral risk factors such as consumption of alcohol and tobacco, unhealthy diet, and physical inactivity increase the risk of hypertension. The devices monitoring them are known as blood pressure monitoring devices which usually record the blood pressure at certain intervals
The report provides a detailed analysis of drivers and constraints that controls growth of the market. Some of the drivers are:
• Rising cases of lifestyle related disorders.
• Development of portable devices for home usage.
• Increasing investments in development of cost-effective, easy-to use devices.
For better understanding Blood Pressure Monitoring Device Market is segmented by type. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
The Europe Blood Pressure Monitoring Device Market is broadly categorized by Type into Automated BP Monitors, Ambulatory BP Monitors, Sphygmomanometers, BP Transducers and BP instruments accessories. In terms of revenue share, sphygmomanometer segment dominated the product type and is expected to show lucrative growth over the forecast period. Further Sphygmomanometers is subdivided into Mercury, Aneroid, and Digital categories.
Based on geography the market is analyzed under various regions namely, Germany, Italy, Spain, France and U.K. Europe held a share of around 29% of the global blood pressure monitoring devices market in 2015
Some of the major companies dominating the market, by their products and services include GE Healthcare, Welch Allyn, Inc., A&D Medical Inc., SunTech Medical, Rossmax International Ltd., Spacelabs Healthcare Inc., Panasonic Corporation, Philips Healthcare, Contec Medical Systems Co.,Ltd, Omron Healthcare and Microlife AG. The companies are trying competitive strategies like merger & acquisitions, collaborative agreements, strategic alliances, and partnership to gain upper hand in the competition.
The Europe Blood Pressure Monitoring Device Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of European region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of type along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market.
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