Ambulatory blood pressure monitoring (ABPM) refers to the technique of measuring blood pressure outside of a clinical setting over a 24-hour period. ABPM provides accurate diagnosis of hypertension by reducing white-coat effect and determining nocturnal blood pressure patterns. It helps detect occasional rises in blood pressure more effectively than conventional blood pressure readings taken in a clinical setting. Growing prevalence of cardiovascular diseases and increasing healthcare expenditures are fueling the demand for ABPM systems that facilitate continuous blood pressure monitoring.
The Global Ambulatory Blood Pressure Monitors Market is estimated to be valued at US$ 1,663.6 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the ambulatory blood pressure monitors market are OSI Systems Inc., SunTech Medical Inc., Andon Health.
Ambulatory Blood Pressure Monitors Market Growth geriatric population is increasing the risk of hypertension, thereby creating lucrative growth opportunities for players in the ABPM market. Increasing awareness regarding benefits of remote patient monitoring is also propelling the demand.
Major players are focusing on expanding their regional footprint to capitalize on high growth opportunities in emerging markets such as Asia Pacific and Latin America. Implementation of favorable reimbursement policies and increasing healthcare expenditures are driving the adoption of ABPM systems in developing nations.
Market drivers
The rising prevalence of cardiovascular diseases due to sedentary lifestyle and unhealthy diet is a key factor augmenting the need for continuous blood pressure monitoring devices. According to the World Health Organization, cardiovascular diseases account for over 17 million deaths annually, with hypertension being a leading risk factor. Growing geriatric population worldwide is another major driver as risk of high blood pressure increases with age. Favorable government initiatives aimed at effective management of hypertension will continue accelerating the demand.
PEST ANALYSIS
Political: Regulatory landscape impacts demand. Governments aim to improve healthcare access.
Economic: Growing healthcare spending increases adoption. Higher incidence of hypertension boosts market.
Social: Growing health awareness drives self-monitoring. Aging population requires constant monitoring.
Technological: IoT integration enhances monitoring. Technology advancements make devices compact. Development of telehealth also supports remote patient monitoring.
MARKET BY GEOGRAPHY
North America dominates market value currently. Presence of key players, growing disease prevalence, policy support and healthcare investments boost regional market.
Asia Pacific expected to witness fastest value growth during forecast period. Rising healthcare expenditure, growing medical tourism, expanding provider bases and increasing focus on non-communicable diseases programs will drive gains. China and India offer significant opportunities due to large patient pools and improving access to care and diagnostics.
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