Ambulatory blood pressure monitors are medical devices used for measuring blood pressure outside of a clinical environment. They are lightweight and portable devices that can be worn around the waist or arm. These monitors take automatic blood pressure readings at preset intervals over a 24-hour period providing a more complete assessment of an individual's blood pressure. They enable physicians to diagnose white-coat hypertension and masked hypertension more accurately. Advantages of ambulatory blood pressure monitors include convenience, improving compliance, and providing multiple readings throughout the day and night. The growing prevalence of hypertension worldwide and the need for improved diagnosis and management of blood pressure are driving demand for ambulatory blood pressure monitors.
The Global Ambulatory Blood Pressure Monitors Market is estimated to be valued at US$ 1,663.6 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the Ambulatory Blood Pressure Monitors are OSI Systems Inc., SunTech Medical Inc., Andon Health.
Ambulatory Blood Pressure Monitors Market Growth awareness about ambulatory blood pressure monitoring and rising penetration of wireless connectivity in medical devices are expected to present key opportunities. Technological advancements including integration of Bluetooth and Wi-Fi capabilities in monitors are enabling wireless transmission of readings to physicians, improving clinical management.
Market Drivers
The increasing incidence of hypertension is a key driver for the market. According to WHO, the number of people with hypertension increased from 600 million to 1.13 billion from 1980 to 2015. Furthermore, rising healthcare expenditure worldwide and growing adoption of home healthcare are expected to fuel market growth during the forecast period.
Current Challenges in Ambulatory Blood Pressure Monitors Market
The ambulatory blood pressure monitors market is facing several challenges currently. One of the major challenges is inaccurate or inconsistent readings from devices. Due to factors like patient activity, arm position etc readings can vary. This poses difficulties in correctly identifying hypertension issues. Another big challenge is low awareness and adoption rates in developing regions. Lack of access to devices and limited medical infrastructure are hindering market growth. High costs of advanced ambulatory monitors also restrict their widespread use globally.
SWOT Analysis
Strength: Advantages of 24-hour monitoring over single clinical readings. Provides more comprehensive BP profile.
Weakness: Inaccurate readings if devices are not used properly. Concerns over data privacy and security when using networked monitors.
Opportunity: Growth in home healthcare and remote patient monitoring. Rising incidence of hypertension drives demand.
Threats: Reimbursement issues may affect sales of high-end devices. Intense competition from existing and new market players.
Geographical Regions
North America currently accounts for the largest share of the ambulatory blood pressure monitors market in terms value. This is attributed to factors like increasing incidence of hypertension, growing geriatric population and higher healthcare spending. Asia Pacific is expected to witness the fastest growth during the forecast period owing to rising medical tourism, growing healthcare infrastructure and rapidly expanding middle class in countries like India and China.
Fastest Growing Geographical Region
Asia Pacific region is poised to grow at the fastest rate for the ambulatory blood pressure monitors market between 2024-2031. This is due to improving access to healthcare, rising healthcare spending, increasing focus on preventive care for chronic diseases like hypertension and cardiovascular disorders. Rapid urbanization and growing medical device industry in Asia Pacific economies like India, China, Japan, South Korea is driving market expansion.
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