Blood Pressure Cuffs Market: Current Analysis and Forecast (2024-2032)

Report Description

Blood Pressure Cuffs Market Size & Forecast

The blood pressure cuffs market was valued at approximately USD 816.08 million in 2023 and is expected to grow at a substantial CAGR of around 5.34% during the forecast period (2024-2032) owing to the rise in the prevalence of hypertension, technological advancement, and expansion of remote monitoring system.

Blood Pressure Cuffs Market Analysis

Blood pressure cuff, often referred as sphygmomanometer, is a medical instrument designed to measure blood pressure. It features an inflatable cuff that encircles the upper arm and is inflated to momentarily halt blood flow in the artery. As the cuff is slowly deflated, the healthcare professional uses a stethoscope to detect blood flow sounds, known as Korotkoff sounds, which reveal the systolic and diastolic pressures.

Worldwide increasing aging population is a contributing factor for growing incidence of hypertension. As age increases, the probability of acquiring cardiovascular diseases and hypertension also increases, which significantly leads to higher demand for monitoring devices such as blood pressure monitoring devices and thus further leads to growth of blood pressure cuffs market. According to the World Health Organization, the number of individuals that are 60 years and above are expected to double from 1 billion people in the year 2020 to 1.4 billion people by 2030. It is further stated that cardiovascular diseases are the most common disease among the geriatric population. To meet the growing demand of patient care solutions for the appropriate and quality management of these diseases among the old age population, there is an upsurge demand for advanced products such as automated blood pressure monitoring devices to facilitate easy and quick remote patient monitoring systems.

Blood pressure cuffs Market Trends

This section discusses the key market trends influencing the various segments of the blood pressure cuffs market as identified by our research experts.

Collaborations and Partnerships

Frequent and continuous collaborations and partnerships are among the most essential trends for the growth of blood pressure cuffs market. Partnership agreements between medical device manufacturers and research organizations gain expertise from each other and allow access towards the latest technologies that help in the development of advanced and innovative products. Mergers and acquisitions allow the key players to gain access towards a new geography and ensure market expansion as well as enhance their global reach. For instance, in April 2020, AliveCor, which is a leader in manufacturing remote ECG products, and OMRON Healthcare, Co., Ltd., which is a global leader in manufacturing blood pressure monitoring devices announced partnership to expand their cardiovascular management business and enhance development of remote patient care industry.

North America has a significant share of the market in 2023.

The prevalence of hypertension in the North America region has significantly increased, which has led to an increase in the demand for monitoring devices such as blood pressure monitoring devices. This simultaneously leads to increased demand for blood pressure cuffs as these are crucial components of blood pressure monitoring devices. For instance, according to WHO report, approximately 69.3 million people in United States has been diagnosed with hypertension in the year 2019. Out of which, 44% people died due to high blood pressure. To cater to the needs of this growing affected population, blood pressure monitoring devices are crucial. Additionally, increased research and development activities for efficient patient care is another factor that is driving growth of this market in North America. Adding to this, presence of market leaders further accelerates growth of blood pressure cuffs market.

Blood pressure cuffs Industry Overview

The Blood pressure cuffs market is competitive, with several global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Omron Healthcare, Inc., Microlife Corporation, Welch Allyn (Baxter International, Inc.), GE HealthCare Technologies Inc., SunTech Medical, Inc. (Halma plc.), A&D Company, Koninklijke Philips N.V., Medline Industries, Spacelabs Healthcare (OSI Systems, Inc.), AC Cossor & Son Surgical Ltd (ACCOSON).

Blood pressure cuffs Market News

On June 2023 – The American Heart Association, along with the help of Elevance Health Foundation, distributed home blood pressure devices to hypertension population living in medically under-resourced communities in United States. This initiative ensures access to medical devices to monitor blood pressure at home.

On May, 2023 – Omron Healthcare Inc, a market leader in manufacturing blood pressure monitors has announced to launch a manufacturing plant in India to manufacture BP monitors to fulfil the growing demand of BP monitors in India. Omron has announced to invest about 2 billion yen ($14.3 million) to build the manufacturing factory in India.

On May, 2023, OMRON Healthcare, Co., Ltd. announced successful acquisition of Luscii Healthtech, which is a fast-growing company in digital health and remote consulting service platforms.

Blood pressure cuffs Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global blood pressure cuffs market can be customized further as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Frequently Asked Questions (FAQ)

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Research Methodology for the Blood Pressure Cuffs Market Analysis (2022-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global blood pressure cuffs market were the three major steps undertaken to create and analyze the adoption of blood pressure cuffs in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global blood pressure cuffs market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the blood pressure cuffs market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the blood pressure cuffs market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, usage type, end-user, and regions. Further country-level analyses were conducted to evaluate the overall adoption of blood pressure cuffs in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the blood pressure cuffs market. Further, we conducted factor analysis using dependent and independent variables such as product type, usage type, end-user, and regions of the blood pressure cuffs market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the blood pressure cuffs market across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global blood pressure cuffs market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the blood pressure cuffs market across the major markets domestically.
• All percentage shares, splits, and breakdowns of market segments and sub-segments.
• Key players in the global blood pressure cuffs market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global blood pressure cuffs market. Data was split into several segments and sub-segments after studying various parameters and trends in the product type, usage type, end-user, and regions of the global blood pressure cuffs market.

The main objective of the Global Blood Pressure Cuffs Market Study

The current & future market trends of the global blood pressure cuffs market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the blood pressure cuffs market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the product type, usage type, end-user, and regions.
• Define and analyze the regulatory framework for the blood pressure cuffs
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the blood pressure cuffs market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the blood pressure cuffs market and the growth strategies adopted by the market players to sustain the fast-growing market.
• Deep dive regional level analysis of the industry.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team