The rising prevalence of chronic diseases such as hypertension and ischemic heart diseases is expected to bolster healthy growth of the market during the forecast period, states Fortune Business Insights, in a report, titled “Sphygmomanometer Market Size, Share & Industry Analysis, By Products (Mercury Sphygmomanometer, Aneroid Sphygmomanometer, Digital Sphygmomanometer), By Operations (Automatic, Semi-Automatic), By Configuration (Portable, Desk Mounted, Floor Standing, Wall Mounted), By End-User (Hospitals, Clinics, Ambulatory Surgical Centres, Others) and Regional Forecast, 2019-2026.” The growing technological advancement in wireless sphygmomanometers is predicted to aid the growth of the market during the forecast period.
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The SphygmomanometerMarket report offers an in-depth analysis of the Sphygmomanometer industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Sphygmomanometer market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Sphygmomanometer Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Sphygmomanometer market to figure out and study the market’s needs, market size, and competition.
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The report on the sphygmomanometer market encompasses:
- Exceptional insights into the market
- In-depth researchof the segments
- Crucial drivers and restraints
- Main regions dominating the market
- Data about industry players
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Increasing Healthcare Awareness to Encourage Growth
The rising cases of cardiovascular diseases and ischemic heart diseases are expected to accelerate the growth of the market during the forecast period. According to the World Health Organization (WHO), in 2019, an estimated 1.13 billion people worldwide had hypertension and cardiovascular disease (CVDs) is the number 1 cause of death globally, taking an estimated 17.9 million lives each year. The surging geriatric population is expected to spur lucrative business opportunities for the market during the forecast period. The growing government initiatives to improve healthcare facilities in hospitals are likely to have an excellent effect on the market in the forthcoming years. Moreover, the introduction of innovative devices by eminent players can further benefit the market in the near future. For instance, in May 2017, iHealth Labs Inc announced the release of iHealth Clear, a voice-supported smart blood pressure monitor (BPM). The smart advanced device reveals results by comparing it on the display chart without the need for additional analysis.
Nonetheless, the growing concerns regarding the precision of sphygmomanometer are expected to inhibit the growth of the market. The stringent regulations for the approval of medical devices can further dampen the growth of the market in the forthcoming years.
Major companies in the Global Sphygmomanometer Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends & drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Healthcare Industry.
Well-established Healthcare Infrastructure to Influence Market in North America
Geographically, the sphygmomanometer market iscategorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is expected to dominate the global market during the forecast period. The growth in the region is attributed to the well-established healthcare infrastructure. The increasing awareness abouthealth-related issues is expected to promote the speedy growth of the market. The high incidence rate of chronic diseases is expected to bode well for the market. The rising adoption of technologically advanced products is expected to drive the global market in the forthcoming years. Europe is expected to account for the maximum share owing to the introduction of innovative medical devices. The growing elderly population is expected to further enhance the growth of the market in Europe.
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
January 2019: Omron Healthcare, Inc. announced the launch of the first wearable blood pressure monitor HeartGuide in the US. It is an oscillometric blood pressure monitor in the design of a wristwatch which has received 510K FDA clearance as a medical device.
The Report Lists the Main Companies in the Sphygmomanometer Market:
- HEINE Optotechnik GmbH & Co. KG
- ACOMA Medical Industry Co., Ltd
- American Diagnostic Corporation
- Amico Group of Companies
- Omron Healthcare, Inc.
- Ciga Healthcare
- Microlife Corporation
- Timesco Healthcare Ltd
- Bremed Ltd
- iHealth Labs Inc.
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