Global Blood Pressure Sensor Market Size and Forecasts 2030

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    BLOOD PRESSURE SENSOR MARKET

     

    KEY FINDINGS

    • More people are getting hypertension, cardiovascular diseases, so the market for blood pressure sensors is growing fast. This is because more older people, overweight people, and those with unhealthy habits are adding to the demand. 
    • According to the World Health Organization (WHO) in 2021, about 1.28 billion adults between 30 and 79 years old worldwide have high blood pressure, with most of them living in poorer countries. This number is expected to keep going up, meaning more people will need devices to check their blood pressure in the future. 
    • As more elderly people increase globally, more cardiovascular diseases are expected. By 2050, about one in six people worldwide will be over 65, with one in four in Europe and Northern America. This will boost the blood pressure sensor and related medical device products. 
    • Automated blood pressure machines are better at measuring blood pressure than manual ones, especially for people with high blood pressure. Because they’re easy to use and more accurate, digital monitors are preferred. This boosts the demand for blood pressure sensors. 
    • Digital/automated blood pressure monitors are expected to witness growth over the forecast period. 
    • North America leads the world in blood pressure monitoring device sales because there’s a lot of demand for these monitors here, mainly because there are increased burden of hypertensive patients in this region. 
    • Government programs like public blood pressure monitoring and remote database maintenance are expected to drive more growth in North America. 
    • Innovation and technological progress are key strategies key players aims to maintain in the market. 

     

    INTRODUCTION 

    A non-invasive sensor called the Blood Pressure Sensor was created to gauge people’s blood pressure. The oscillometric method is used to assess systolic, diastolic, and mean arterial pressure. Also reported is the pulse rate. A device for measuring the pressure of gases or liquids is called a pressure sensor. The force necessary to prevent a fluid from expanding is expressed as pressure, which is typically expressed in terms of force per unit area.

     

    A pressure sensor typically performs the function of a transducer by producing a signal in response to the applied pressure. Baroreceptors are specialised pressure sensors that are used to measure arterial blood pressure. They are found in a group of specialised cells and the carotid sinus, which is closely connected to each carotid artery high in the neck.

     

    They come in two different categories. Pressure switches and pressure transducers are two examples of these pressure sensor types. We also provide combination pressure and temperature transducers, which are another variety. In a variety of situations, pressure sensors are used to measure and identify a change in pressure. A stethoscope is placed over the main artery in the upper arm brachial artery to listen to blood flow during a manual blood pressure measurement. A little hand pump is used to inflate the cuff. The arm is squeezed while the cuff expands. For a brief period, blood flow via the artery is stopped.

     

    BLOOD PRESSURE SENSOR MARKET SIZE AND FORECAST

     

    Blood Pressure Monitors Market

     

    The Global Blood Pressure Sensor market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    BLOOD PRESSURE SENSOR MARKET NEW PRODUCT LAUNCH

    OMRON HEALTHCARE Co.Ltd. Beat-by-beat blood pressure monitoring is now possible because of new technologies being developed. Continuous blood pressure measurements and the detection of rapid blood pressure changes were both impossible with conventional oscillometric equipment. Therefore, the advancement of beat-by-beat blood pressure monitoring is anticipated to improve the prediction of risks for brain and cardiovascular diseases.

     

    The beat-by-beat blood pressure measurement technique known as tonometry uses a pressure sensor that is held firmly against the skin to monitor blood pressure. In order to increase vibrational resistance, the pressure sensor must be encapsulated inside the potting resin. The stress from the potting resin, however, was degrading the sensor properties and the output yield.

     

    The authors created a brand-new MEMS pressure sensor with 46 sensing components and an ASIC to combat this. Furthermore, to maintain the maximum precision of the 46 pressure sensor parts’ properties and increase their production yield, new packaging and assembly techniques were created.

     

    On the other hand, it is recognised that there are still instances where the proper antihypertensive treatment is not administered, especially in this day and age when home sphygmomanometers are common and medical treatments for high blood pressure have advanced. The oscillometric approach requires several tens of seconds for each measurement since blood pressure is taken by compressing a cuff around the upper arm or wrist to stop the blood flow.

     

    BLOOD PRESSURE SENSOR MARKET INDUSTRY OUTLOOK

    • The US and Europe are working to increase their production of current-gen and mature chips. This means chipmakers are building more factories to quickly respond to changes in supply and demand. 
    • Global semiconductor sales in 2023 dropped 9.4% to $520 billion but are forecast to rebound to $588 billion in 2024. The memory sector and GPUs are crucial drivers of this growth, with projections indicating a surge. 
    • Technology and large flagship product introductions will drive more semiconductor content and value across market segments in 2024 through 2026, including the introduction of AI PCs and AI smartphones next year and a much-needed improvement in memory ASPs and DRAM bit volume.
    • We believe the semiconductor industry is likely to see green shoots of recovery, but supply chain issues and inventory glut could restrict high growth.
    • The European Chips Act allocated over €43 billion ($45.8 Billion) in public and private investments can double Europe’s global semiconductor market share from 10% to 20% by 2030. 

     

    BLOOD PRESSURE SENSOR MARKET DYNAMICS

    • The sensor market will see major advancement due to the initiatives taken by various regions to boost regional production of sensors 
    • Medical Sensors as a Wearable form with IoT Applications and machine learning techniques is now becoming an integral part of the health industry as it is granting a better quality of life to the patient. 
    • Key areas for Sensors used in medical devices are in intensive care units, hospital wards, GP offices, lab equipment, dental practices, and in-home care products. They are also used in medical devices used to assist with the diagnosis, prevention, monitoring, and treatment of a disease or injury 
    • Advancements in sensor technology have led to the development of multimodal and multispectral sensors capable of capturing multiple data types simultaneously, which in turn increase the offering from a single sensor 
    • The sensor fusion market has seen rapid growth in recent years, mainly driven by advancements in sensor technologies and the increasing demand for more sophisticated and intelligent systems across diverse sectors.

     

    Blood Pressure Monitoring Devices Market

     

    BLOOD PRESSURE SENSOR MARKET NEW PRODUCT LAUNCH

     

    Company  Product  Date  Description 
    InBody  InBody BP 170  2022  The new InBody BP 170 at-home device can be used by applying the one-touch cuff to one arm and starting the reading with the touch of a button. 
    Omron Healthcare  Remote patient monitoring (RPM)  2022  RPM) is a type of telehealth that allows healthcare providers to monitor patients outside of a traditional care setting using digital medical devices. These devices include blood pressure monitors, weight scales, pulse oximeters, and blood glucose meters.   
    Biobeat  Ambulatory blood pressure monitoring (ABPM) chest-monitoring device  2021  This device is cuffless and wireless, and can be worn on the wrist to automatically capture patient health data throughout the day. It can record blood pressure, pulse rate, cardiac output, mean arterial pressure, and systemic vascular resistance. 

     

    BLOOD PRESSURE SENSOR MARKET GEOGRAPHY OVERVIEW

     

    North America 

    The North American market, particularly the USA, will be one of the prime markets for (Blood Pressure Sensor Market) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive. 

     

    Europe 

    The European market, particularly Western Europe, is another prime market for (Blood Pressure Sensor Market) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Blood Pressure Sensor Market) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period. 

      

    Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe. 

      

    There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Blood Pressure Sensor Market) in the region. 

     

    Asia 

    Asia will continue to be the global manufacturing hub for (Blood Pressure Sensor Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.    

    There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon.  

     

    Africa 

    Africa is expected to see the largest growth in (Blood Pressure Sensor Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape. 

     

    RoW 

    Latin America and the Oceania region will showcase growth over the forecast period in (Blood Pressure Sensor Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region. 

     

    BLOOD PRESSURE SENSOR MARKET MARGIN COMPARISON

     

    Margin Comparison (Highest to lowest)  Region  Remarks 
    Europe  The supply chain demands and the purchasing power in the region enable suppliers to extradite a larger margin from this region than other regions. This is for both locally manufactured as well as imported goods and services in the region. 
    North America  Due to the high spending power in this region, the margins are higher compared to the rest of the world, but they are lower than Europe as there is higher competition in this region. All the suppliers of goods and services target USA as a main market thereby decreasing their margins compared to Europe 
    Asia  Lower purchasing power, coupled with higher accessibility of services in this regions doesn’t enable suppliers to charge a high margin making it lower than Europe and North America. The quality of goods and services are also affected due to this aspect in the region 
    Africa and ROW  The margins are the lowest in this region, except for Australia and New Zealand as the countries in this region don’t have much spending power and a large portion of the products and services from this area is exported to other parts of the world 

     

    BLOOD PRESSURE SENSOR MARKET COMPANY PROFILES

     

    BLOOD PRESSURE SENSOR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Blood pressure Sensors are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Blood pressure Sensor and key vendor selection criteria
    3. Where is the Blood pressure Sensor manufactured? What is the average margin per unit?
    4. Market share of Global Blood pressure Sensor market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Blood pressure Sensor in-house
    6. key predictions for next 5 years in Global Blood pressure Sensor market
    7. Average B-2-B Blood pressure Sensor market price in all segments
    8. Latest trends in Blood pressure Sensor market, by every market segment
    9. The market size (both volume and value) of the Blood pressure Sensor market in 2024-2030 and every year in between?
    10. Production breakup of Blood pressure Sensor market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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