Product ID: UCMIG35A2904
Report ID:
UCMIG35A2904 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for blood pressure monitors on a global scale was valued at approximately USD 1.60 billion in the year 2022. Projections indicate a growth trend, reaching an estimated value of USD 1.73 billion in 2023 and anticipated growth to USD 3.10 billion by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 8.8% throughout the forecast period. Monitoring blood pressure is integral to diagnosing various chronic conditions, and in recent times, prominent industry participants such as SunTech Medical Inc. and Omron Healthcare, Inc. have introduced a diverse range of advanced monitoring devices.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35A2904