(PharmaNewsWire.Com, August 28, 2017 ) According to the report Latin America Blood Pressure Monitoring Devices market, published by Market Data Forecast, the Market was worth USD 0.35 billion in 2016 and estimated to be growing at a CAGR of 7.6%, to reach USD 0.51 billion by 2021. The growth of Latin America pressure monitoring market is attributed to the rising incidences of hypertension in the aging population, increasing home care settings, and the technological advancements. Rise in respiratory disorders, increase in the number of smoking population, and exposure to dust and other chemicals in workplaces are the key factors propelling the growth of pulmonary pressure monitors segment.
Blood Pressure monitoring is the process of monitoring blood pressure in the heart, brain, blood, eyes, and others parts of the body. 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.
Technological advancements in the field of blood pressure monitoring and the growing use of pressure monitors in hospitals and clinics have contributed to the increasing demand of pressure monitoring devices. Demand for personalized & portable devices for monitoring is also fuelling market growth. On the other hand, high cost of equipment, economic slowdown, and inadequate product knowledge are some of the restraints inhibiting the growth of this market.
The Latin America 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, Digital categories.
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.
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