OMRON Corporation (Japan) and Baxter International Inc. (US) are Leading Players in the Blood Pressure Cuffs Market
The worldwide market for blood pressure cuffs is estimated to be worth USD 909 million by 2024 and is projected to grow at a 9.0% CAGR to USD 1,399 million by 2029. The primary factors driving this growth are rising blood pressure and the incidence of cardiovascular diseases, rising awareness of home blood pressure monitoring due to increased use of sophisticated blood pressure monitoring devices, and an aging population. Additionally, the expansion of healthcare infrastructure in emerging economies, government initiatives aimed at improving health outcomes, increasing availability for funding and research leading to innovative solutions and rising demand for telehealth and remote monitoring services are driving the demand for accurate and reliable blood pressure cuffs.
The blood pressure cuffs market is competitive. The top three players in this market include OMRON Corporation (Japan), Baxter International Inc. (US), and McKesson Corporation (US). Companies undertake organic and inorganic growth strategies, namely expansions, agreements, and acquisitions/collaborations to increase their offerings, address customer requirements, augment profitability, and strengthen their presence in the global market.
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OMRON CORPORATION (JAPAN)
Omron Corporation is a global leader in providing a wide range of products in a variety of industries. Omron Corporation operates in four major businesses: Industrial Automation, Healthcare Operations, Lifecycle Design, Solutions and Services Business, and Equipment and Module Solution Business. Omron Healthcare Co., Ltd., a subsidiary of Omron Corporation, focuses on medical devices and health management products. This division is among the leaders in cardiovascular, respiratory, pain management, remote patient monitoring services and home healthcare monitoring equipment, particularly blood pressure monitors. The company forecasts sales to reach USD 0.91 billion (about 146.0 billion yen) by establishing online channels in all areas and taking advantage of increased demand in emerging markets. This represents a 2.7% compound annual growth rate. This pattern demonstrates the market for blood pressure cuffs' enormous growth potential.
BAXTER INTERNATIONAL INC. (US)
Baxter International Inc., through its subsidiaries, provides a comprehensive suite of critical healthcare products, including patient care and diagnostic technologies, respiratory health devices. These products are used in facilities types such as hospitals, nursing homes, rehabilitation centers, ambulatory surgery centers, doctor’s offices and doctors’ homes. The company manages its global operations across four segments: Medical Products and Therapies, Healthcare Systems and Technologies, Pharmaceuticals, and Kidney Care. The Healthcare Systems and Technologies segment, which includes connected care solutions, collaboration tools, patient monitoring systems, and diagnostic tools, such as blood pressure monitors, are essential to Baxter's plan. The acquisition of Hill-Rom Holdings, Inc. for USD 10.48 billion on December 13, 2021, was a major expansion move that aimed to boost Baxter's market position and extend its portfolio.
MCKESSON CORPORATION (US)
McKesson Corporation, along with its affiliates, is a leading global provider of a variety of healthcare services aimed at enhancing patient outcomes. The company's operations are divided into four reportable segments: International, U.S. Pharmaceutical, Medical-Surgical Solutions, and Prescription Technology Solutions (RxTS).In order to support healthcare providers like doctor offices, surgery centers, assisted living facilities, hospital reference labs, and home healthcare agencies, the Medical-Surgical Solutions industry provides blood pressure cuffs, distribution, logistics, and added services. Working with manufacturers and channel partners, McKesson supports government, extended care, and primary care as important target end-markets.
Related Reports:
Blood Pressure Cuffs Market by Type (Automated, Manual), Size (8-19 cm, 19 cm & Above), Usage (Reusable, Disposable), Age Group (Infants & children, Adults), Distribution Channel (Online, Offline), End User (Hospitals, Clinics) - Global Forecast to 2029
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