With rising geriatric population prone to high blood pressure is expected to widen the consumer base by triggering incidences of target diseases such as hypertension, which is anticipated to drive the demand for blood pressure monitors in the future.
In addition,increasing awareness levels and demand for personalised and portable devices for monitoring are the factors contributing towards the market growth, the report indicated.
Increasing incidence of hypertension has led to rising demand for cost effective, rapid and accurate diagnostic solutions.
According to the report, the Asia Pacific blood pressure monitoring devices market is expected to demonstrate rapid growth during the forecast period with CAGR of 13.5 per cent.
“The key factors attributing to its rapid growth include favorable government initiatives such as government of India’s campaign “Make In India” which is intended to attract FDI and international players to invest in Indian market. In addition, rapidly improving healthcare facilities are anticipated towards the market growth,” the report said.
Blood pressure monitors are one of the vital sign monitor of life. The cost effective and accurate results offer by these indicators is the factor responsible for the market growth.