Market revenue in 2023 | USD 81.6 million |
Market revenue in 2030 | USD 140.2 million |
Growth rate | 8% (CAGR from 2023 to 2030) |
Largest segment | Aneroid blood pressure monitors |
Fastest growing segment | Digital Blood Pressure Monitors |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Aneroid Blood Pressure Monitors, Digital Blood Pressure Monitors, Ambulatory Blood Pressure Monitors, Blood Pressure Transducers, Instrument & Accessories |
Key market players worldwide | OMRON Corp, A&D Medical, SunTech Medical, American Diagnostic Sciences, Nokia Oyj, Briggs Healthcare Corp., GE HealthCare Technologies Inc Common Stock, Microlife Corp, Procter & Gamble Co, Spacelabs Healthcare, Koninklijke Philips NV, Hill-Rom, B. Braun, CONTEC, Kaz, Inc., Rossmax International, Biobeat |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blood pressure monitoring devices market will help companies and investors design strategic landscapes.
Aneroid blood pressure monitors was the largest segment with a revenue share of 33.58% in 2023. Horizon Databook has segmented the Canada blood pressure monitoring devices market based on aneroid blood pressure monitors, digital blood pressure monitors, ambulatory blood pressure monitors, blood pressure transducers, instrument & accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is projected to witness the fastest growth in North America. This can be attributed to rising geriatric population in this region. For instance, as per Statistics Canada, there were more than 861,000 people aged 85 and older in 2021, which is more than twice as compared to the 2001 census.
Moreover, as per a similar source, this number is projected to triple by 2046 and reach 2.5 million. As the geriatric population is more susceptible to hypertension and related chronic disorders, the demand for blood pressure monitoring devices is expected to grow.
Furthermore, increasing awareness among the population and several initiatives undertaken by various organizations are expected to boost the market growth. For instance, in 2018, Hypertension Canada—a Canadian nonprofit organization—released a list of recommended BP devices (including clinic-grade, athome, ambulatory BP devices, and BP kiosks) to help organizations and people in Canada make better purchase decisions.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada blood pressure monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada blood pressure monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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