Comprehensive Analysis of the Sphygmomanometer Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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How has the sphygmomanometer market grown over the years?
There has been a significant growth in the sphygmomanometer market in the past few years. The market, currently valued at $2.98 billion in 2024, is projected to increase to $3.22 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.3%. Such an expansion in the historical period can be credited to the growth in the construction industry, the demand arising from the agricultural sector, the versatility and scope of the product, infrastructure initiatives, its ability to handle materials efficiently, and the increasing demand in the rental market.
What Is the forecasted market size and growth rate for the sphygmomanometer market?
The market for sphygmomanometers is set to experience significant expansion in the forthcoming years. The market value is projected to reach “$4.84 billion by 2029, representing a compound annual growth rate (CAGR) of 10.7%. The projected growth in the forecast period can be credited to factors such as renewable energy projects, urban growth and vertical construction, precision farming techniques, commitment to environmental preservation, adherence to safety standards, and worldwide economic resurgence. Notable trends expected within the forecast timeframe encompass product advancements, compact and easy-to-navigate designs, electric and hybrid variants, telematics and IoT integration, and the use of robust materials.
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What are the major factors driving growth in the sphygmomanometer market?
The surge in chronic conditions like diabetes, hypertension, and ischemic heart disease is projected to boost the progress of the sphygmomanometer market. Chronic conditions are enduring health issues that demand continuous management and medical attention. Sphygmomanometers are fundamental in managing these conditions and are utilized in diagnosing and monitoring other heart-related conditions. They are also useful in detecting secondary causes of hypertension like renal artery stenosis or pheochromocytoma through monitoring fluid overload. For example, the Journal of the American College of Cardiology (JACC) reported in December 2022 that in 2021, ischemic heart disease resulted in about 9.44 million cardiovascular deaths. Furthermore, hypertensive heart disease and pulmonary arterial hypertension were responsible for roughly 1.41 million and 23,300 deaths, respectively. Consequently, the escalating prevalence of chronic conditions like diabetes, hypertension, and ischemic heart disease is stimulating the expansion of the sphygmomanometer market.
What key areas define the segmentation of the global sphygmomanometer Market?
The sphygmomanometer market covered in this report is segmented –
1) By Product: Electronic Sphygmomanometer, Aneroid Sphygmomanometer, Mercury Sphygmomanometer
2) By Configuration: Portable, Desk Mounted, Floor Standing, Wall Mounted
3) By Operation: Electric, Manual, Automatic, Semi-automatic
4) By End User: Hospitals, Ambulatory Surgical Centers And Clinics, Home Healthcare, Other End Users
Subsegments:
1) By Electronic Sphygmomanometer: Upper Arm Electronic Sphygmomanometer, Wrist Electronic Sphygmomanometer, Finger Electronic Sphygmomanometer
2) By Aneroid Sphygmomanometer: Manual Aneroid Sphygmomanometer, Digital Aneroid Sphygmomanometer
3) By Mercury Sphygmomanometer: Standard Mercury Sphygmomanometer, Portable Mercury Sphygmomanometer
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What are the top market players propelling the growth of the sphygmomanometer industry?
Major companies operating in the sphygmomanometer market include A&D Company Ltd., American Diagnostic Corporation, Omron Healthcare Inc., Microlife Corporation, Acoma Medical Industry Co. Ltd., Beurer GmbH, General Electric Company, Amico Group of Companies, CIGA Healthcare Ltd., HEINE Optotechnik GmbH and Co. KG, Rossmax International Ltd., Rudolf Riester GmbH, Welch Allyn Inc., Koninklijke Philips N.V., Paul Hartmann AG, 3B Scientific, Hill-Rom Services Inc., Sklar Surgical Instruments, Spengler, Holtex Ltd., Timesco Healthcare Ltd., Bremed Ltd., iHealth Labs Inc., Contec Medical Systems Co. Ltd., Halma plc, SunTech Medical Inc.
What are the key trends shaping the future of the sphygmomanometer market?
Major firms active in the sphygmomanometer market are channeling their resources into inventing sophisticated products such as automatic blood pressure monitors, with the aim of improving precision, augmenting user-friendliness and enabling ongoing blood pressure surveillance for better control of hypertension and heart health. These automatic blood pressure monitors are using electronic mechanisms, combining an inflatable cuff and oscillometric technology, to give precise readings of systolic and diastolic pressures along with pulse rate for home-based casual monitoring. For instance, in February 2022, InBody of South Korea, a company specializing in body composition tech, debuted the BP 170. This automatic blood pressure monitor, which is designed for domestic use, incorporates oscillometric technology to deliver accurate systolic and diastolic blood pressure readings along with pulse rate. It offers a one-touch cuff for simple use, a large screen for improved readability and has the facility to retain readings of multiple users, making it ideal for monitoring the health of a family. Furthermore, the machine is clinically approved, guaranteeing trustworthy results that can guide users in managing their heart health effectively.
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What regions are dominating the sphygmomanometer market growth?
North America was the largest region in the sphygmomanometer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global sphygmomanometer market during the forecast period. The regions covered in the sphygmomanometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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