There is now a greater acknowledgement of the need to be vigilant against abnormal blood pressure levels, increasing the practice of self monitoring among the general public.
New analysis from Frost & Sullivan (patientmonitoring.frost.com), European Non-Invasive Blood Pressure Monitors Markets, finds that the market earned revenues of over $252.1 million in 2007 and estimates this to reach $444.7 million in 2014.
"Thanks to educational programmes and general physician advice, people are making a move towards preventive healthcare to avoid the consequences of hypertension," notes Frost & Sullivan Research Analyst Akanksha Joshi. "This trend is making blood pressure a household concern, hence providing ample opportunities in the home care market for blood pressure monitoring."
Among the product segments, sphygmomanometers account for the maximum revenues, followed by automated blood pressure monitors and ambulatory blood pressure monitors. The sphygmomanometers market is forecast to grow at a compound annual growth rate (CAGR) of 8.8 per cent between 2007 and 2014, with market revenues for aneroid and digital sphygmomanometers increasing considerably.
However, the prices of aneroid and digital sphygmomanometers have dwindled due to the increasing presence of sphygmomanometers imported from Chinese or Korean manufacturers. Price competition has not only impacted on profitability, but also the intentions of market participants to invest in R&D in order to bring about product innovation.
"Furthermore, environmental issues relating to use of mercury in measuring devices has led to its ban in many European countries, impacting the market share of mercury sphygmomanometers," says Joshi. "Given this, companies need to focus on developing accurate blood pressure monitors that can surpass mercury sphygmomanometers as the standard."
Going forward, market participants will do well to provide efficient sphygmomanometers at lower prices for home use. A symbiotic relationship between the established companies and new market participants will help in cutting cost and increasing the market share of the companies.
If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an outline of the European non-invasive blood pressure monitors markets, then send an email to Patrick Cairns, Corporate Communications, at pcairns_pr[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
European Non-Invasive Blood Pressure Monitors Markets is part of the Patient Monitoring Growth Partnership Service programme, which also includes research in the following markets: Eastern European Ventilators market; European Blood gas analyser and monitor market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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European Non-Invasive Blood Pressure Monitors Markets / M237