The global blood pressure monitoring devices market is predictable to touch US$ 2 billion by 2022. Hypertension denotes a prolonged disorder and is a reason of death globally. Hazards of stroke, heart attack, and kidney failure will increase due to the increasing blood pressure of people. The spiralling elderly population, the intensifying levels of stress, the lack of physical activity, and the growing inactive lifestyles have occasioned in the growing tally of individuals with hypertension. Therefore, blood pressure monitoring devices are used for considering the dangers connected to blood pressure and support in effective monitoring, measurement, and ailment supervision.
The demand for blood pressure monitoring devices is somewhat bigger than its supply. The cause is not the dormancy in supply, but is due to the swiftly increasing demand for these devices. The market for blood pressure monitoring devices is as a result gaining speed with the purpose of keeping up with the growing demand. Even though, this market is established and is already mature in nature, still the worldwide blood pressure monitoring devices market will carry on to rise at a CAGR of 7.30% from 2015 to 2022. In addition, the growing healthcare funds within Asia Pacific are a crucial break in the market.
It has been well-known that the blood pressure matters are amid the major complications that a number of public health organizations are experiencing. This particularly holds correct for developed countries on account of the fact that there is an absenteeism of physical activity, elevated consumption rate of convenience foods, lifestyle variations, and growing frequency of obesity in these nations.
As per the CDC, around 70 million of American people have high blood pressure, which roughly calculates to approximately 29% of the residents in the US. Amongst these folks, only about 50% have their blood pressure up to the mark. As a result, the US spends about US$46 billion on the various blood pressure treatment manufacturing and treatments per year. This inclination will endure in the forthcoming years too thus powering the global market for blood pressure monitoring devices. Thus, there is an optimistic attitude for this market in the upcoming years. Nevertheless, a number of adverse polices universally may hinder the growth of the market in the coming few years.
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