The global “digital blood pressure monitor market” is expected to gain from increasing incidence of chronic diseases worldwide. Recently Fortune Business Insights published a report, titled “Digital Blood Pressure Monitors Market Size, Share and Global Trend By Product Type (Arm Type Wrist Type), End User (Hospitals, Ambulatory Surgical Centers Clinics, Homecare Settings Others) and Geography Forecast till 2025,” shading light into various factors responsible for the growth in the market. According to the report, in 2017 the global digital blood pressure monitors market was valued at US$ 666.6 Mn. The global market is expected to progress at a CAGR of 10.1% and reach US$ 1440.3 Mn by the end of 2025. The report classifies the global digital blood pressure monitor market in terms of various segments.
As stated in the report, North America emerged dominant in the global market in 2017. It was valued at US$ 270.4 Mn in 2017. The region is anticipated to continue dominating the market through the forecast period. The growth witnessed is attributable to the increasing incidence of coronary heart diseases in the region. Moreover, in nations such as the U.S. the government is taking initiatives to prevent and cure heart diseases. This is likely to fuel the demand for digital blood pressure monitors.
According to the report, the market in Asia Pacific is expected to expand at a relatively higher CAGR. Favorable reimbursement policies in nations such as India and China are anticipated to contribute to the market’s expansion in Asia Pacific. Among companies operating in the market, Omron Heath holds a dominant share backed by its widespread distribution network in Asia Pacific.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Key Segments Within the Market
- By Product Type
- Arm Type
- Wrist Type
- By End Users
- Hospitals
- Ambulatory Surgical Centers Clinics
- Homecare Settings
- Others
- By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East Africa (South Africa, GCC and Rest of Middle East Africa)
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