Dial Sphygmomanometer Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2031

Dial Sphygmomanometer Market Value and CAGR

The global dial sphygmomanometer market was valued at USD 2.7 billion in 2020 and is expected to reach around USD 4.75 billion by 2029, growing at a significant CAGR of 9.38% between 2021 and 2029. The growing number of people suffering from blood-related diseases like hypertension has fueled market growth.

A dial sphygmomanometer is a device that detects the force of blood in the heart to measure blood pressure. It is critical for people who have heart problems to monitor their blood pressure with a sphygmomanometer. In addition to blood pressure, a single device can measure a variety of metrics, including pulse rate and heartbeat rate.

Dial Sphygmomanometers are inexpensive, durable, lightweight, and portable. The rising prevalence of chronic diseases like hypertension and ischemic heart disease is driving the industry forward. A sphygmomanometer consists of a rubber cup wrapped around the arm, a bulb to initiate the cup, a valve to release the pressure, and a measuring device to measure the cup's pressure.

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Dial Sphygmomanometer Market Growth Drivers and Risks

Growth Drivers:

Prevalence of Hypertension: Hypertension, or high blood pressure, remains a significant health concern globally. As hypertension becomes more prevalent due to lifestyle changes, stress, and aging populations, the demand for blood pressure monitoring devices like dial sphygmomanometers continues to grow.

Aging Population: With an increasing aging population, there is a higher demand for healthcare services and monitoring equipment. Older individuals are more likely to require regular blood pressure checks, driving the need for sphygmomanometers.

Affordable and Reliable Technology: Dial sphygmomanometers are generally more affordable than digital alternatives, making them accessible in various healthcare settings, especially in resource-constrained regions where advanced technology may not be readily available.

Trust and Familiarity: Healthcare professionals and patients alike have relied on dial sphygmomanometers for decades. Their familiarity and perceived accuracy contribute to their continued demand in traditional medical settings.

Emerging Markets: As healthcare infrastructure improves in emerging markets, the demand for basic medical equipment like sphygmomanometers is expected to rise.

Risks:

Competition from Digital Devices: Digital blood pressure monitors, such as automatic and electronic sphygmomanometers, have gained popularity due to their ease of use and additional features. The growing preference for digital devices may pose a risk to the market share of dial sphygmomanometers.

Technological Advancements: Advancements in healthcare technology may lead to more accurate and sophisticated blood pressure monitoring devices. If dial sphygmomanometers cannot keep up with these improvements, they may become less attractive to healthcare providers and consumers.

Regulatory Changes: Changes in healthcare regulations or standards may affect the manufacturing, distribution, and use of dial sphygmomanometers. Compliance with updated regulations can be costly and time-consuming for manufacturers.

Shift in Healthcare Practices: Healthcare providers may transition to using digital devices or newer technologies, moving away from traditional dial sphygmomanometers in their practices.

Supply Chain Disruptions: The dial sphygmomanometer market, like any other, may be susceptible to supply chain disruptions caused by global events, natural disasters, or manufacturing issues. These disruptions can lead to product shortages and impact market growth.

Lack of Awareness and Training: In some regions or healthcare settings, there may be a lack of awareness about the benefits of accurate blood pressure monitoring or insufficient training in using dial sphygmomanometers correctly.

Dial Sphygmomanometer Market Key players

KaWe, ERKA, Timesco, ABN Medical, HEINE Optotechnik, Welch Allyn, Riester, Spengler, HONSUN, MDF Instruments, Dessillons & Dutrillaux, Spirit Medical, Mars Medical, Unitec are some of the major key players.

Dial Sphygmomanometer Market Segmentations

Segment by Type

•          Hand-Held Dial Sphygmomanometers
•          Wall-Mounted Dial Sphygmomanometers
•          Trolley-Mounted Dial Sphygmomanometers

Segment by Application

•          Hospital
•          Clinic
•          Physical Examination Center

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