(PharmaNewsWire.Com, September 11, 2017 ) According to the report Europe Blood Pressure Monitoring Devices Market, published by Market Data Forecast the Market was worth USD 0.93 billion in 2016 and estimated to be growing at a CAGR of 5.9%, to reach USD 1.24 billion by 2021. Europe held a share of around 29% of the global blood pressure monitoring devices market in 2015. Standardization of the accuracy and safety of blood pressure monitoring devices by the European Union has increased the acceptance of monitoring devices among the masses, thereby driving demand for these devices in the region. The home end-user segment holds the largest share in European market. Factors driving the home end-user segment include the growing trend in home health care. Germany is the largest market in Europe followed by France, Italy and Spain. In these countries public healthcare is free, national health plan is provided that is universal and provides minimal or free medical coverage for citizens.
Blood pressure monitoring devices can help monitor the blood pressure and diagnose the onset of various cardiovascular disorders such as heart failure, stroke, coronary artery disease, and peripheral vascular disease, which result in high number of deaths worldwide. Hypertension is the most common cardiac disease people are suffering from which can lead to death if prolonged for many years.
A rise in hypertension, obesity, and depression cases worldwide leads to the demand for ambulatory blood pressure monitors. People can opt for devices such as digital, portable, and easy-to-use ambulatory blood pressure monitors that allow better diagnosis and management of hypertension from the comfort of their homes.
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, 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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