Blood pressure monitoring devices, whether personal or professional, are used as a means of understanding and tracking bodily blood pressure levels. Within the human body, the autonomic nervous system is responsible for monitoring blood pressure levels. Moreover, the sympathetic and parasympathetic nervous systems both have effects on blood pressure, either raising or lowering it. Generally abnormal blood pressure levels are characterized by levels that are too high or too low. Hypertension refers to instances where an individual’s blood pressure is more elevated than “normal” and hypotension refers to instances where the individual’s blood pressure is lower than “normal.” Both conditions may result in further health complications.
iData Research recently completed a detailed analysis on the global market for blood pressure monitoring devices. The analysis includes an overview of the units sold, average selling prices (ASPs), COVID-19’s impact on the market, and most importantly an in-depth competitive analysis. Based on iData’s analysis, one company has been able to maintain the majority of the global market share due to its strong presence and extensive product line. Which company is the global market leader, Omron or Welch Allyn?
MARKET OVERVIEW
Overall, the global report on blood pressure monitoring devices covers seven regions and over 70 countries. In 2021, the value of the global market surpassed $1.4 billion. Moving forwards, modest growth is expected over the forecast period as the projected market value in 2028 is expected to reach $1.7 billion. iData’s analysis on the Global Blood Pressure Monitoring Market includes both personal monitoring devices and professional monitoring devices. Personal devices are purchased by individuals and often used in the home, whereas professional devices are purchased by physicians for use in clinics, hospitals or other healthcare facilities. Personal devices tend to sell considerably more units compared to professional devices, in part because each personal device is often only used by one individual or within one household. However, professional devices are also considerably more expensive, which serves to close the majority of the gap when it comes to market value.
GLOBAL BLOOD PRESSURE MONITORING DEVICE COMPETITIVE ANALYSIS
Omron Healthcare
Omron is a globally recognized brand for blood pressure monitoring devices. The company tends to be a dominant market player in its home country of Japan, as well as in the rest of the Asia-Pacific region. In addition, the company was also the market leader in North America and Western Europe. Omron Healthcare’s extensive product line consists of professional digital devices that are both automatic and manual and are sold under the IntelliSense® brand. Omron Healthcare also supplied the market with wall and cart-mounted accessories, as well as table top aneroid blood pressure monitoring devices. For the personal or home use segment, Omron Healthcare offered a range of products with D-Ring cuffs or with its pre-formed ComFit™ Cuff, which fits arms from 9 to 17 inches. The company’s home monitors range from its least expensive 3 Series™ Upper Arm Band Pressure Monitor to its 10 Series™+.
Welch Allyn
Founded in 1915, Welch Allyn is organized into five product categories: Physical Assessment, Vital Signs Monitoring, Diagnostic Cardiopulonary, Software and Services and Thermometry. The company has had a century’s worth of medical device innovation and dedicates their devices towards patient care diagnostics. In terms of the blood pressure monitoring device market, Welch Allyn held notable shares in North America and Western Europe. Additionally, Welch Allyn has been able to maintain an extremely strong presence within the professional market. The company’s presence within the professional market can be attributed to its extensive aneroid device product line consisting of bronze, silver, gold and platinum branded sphygmomanometer products. Furthermore, the company was also a notable competitor in the low-acuity segment of the multi-parameter vital signs monitoring market.
WHICH COMPANY LEADS?
Overall, the leading competitor in the global blood pressure monitoring market is Omron Healthcare. Omron is a globally recognized brand for blood pressure monitoring devices and continues to be a dominant market player in its home country of Japan, as well as in the rest of the Asia-Pacific region. In addition, the company was also the market leader in North America and Western Europe. Majority of the company’s success can be attributed to a series of acquisitions and consistent product innovations.
FURTHER INSIGHTS ON THE GLOBAL BLOOD PRESSURE MONITORING DEVICE MARKET
iData’s global report includes unit sales, average selling prices, market growth, drivers and limiters, and a complete competitive analysis. Follow the link below to read more about the global blood pressure monitoring device market which is apart of our global patient monitoring device market report.
