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Market Overview of Global BP Monitor in B2B market:
According to our latest research, the global BP Monitor in B2B market looks promising in the next 5 years. As of 2022, the global BP Monitor in B2B market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Blood pressure is measured using a device called sphygmomanometer, or blood pressure monitor. It consists of an inflatable cuff that is wrapped around the arm, roughly leveled with the heart, and a monitoring device that measures the cuff's pressure. The monitor measures two pressures: systolic and diastolic. Blood pressure monitor is used to assess hypertension in a patient's body. It automatically obtains pressure and usually records the blood pressure at certain intervals, using the direct or indirect method of determining pressure. In some models, an alarm or light signal is activated if the pressure rises or falls to an abnormal level. The report mainly studies USA BP monitor in B2B industry market. It is mostly used in out-patient settings.
B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses, rather than between businesses and consumers (B2C). A B2B transaction is conducted between two companies.
Various studies have shown that the existence of complications (including hypertension) is related to the increased severity of covid-19 in patients. It has been observed that hypertension is one of the most common complications in hospitalized patients with COVID-19 virus. Therefore, the general population and COVID-19 patients pay more attention to routine examination, which leads to the increased use of BP Monitor in B2B. This in turn significantly increases the demand for this equipment. Besides, the government and other private organizations are also emphasizing the use of different blood pressure monitors to control patients' blood pressure during this pandemic. For example, American Heart Association (AHA), American Medical Association (AMA) and other institutions are also actively involved in raising awareness of blood pressure monitors by issuing several guidelines during a pandemic. More and more blood pressure monitors are used to diagnose COVID-19-related complications, which promotes market growth. However, the epidemic also led to problems in the production and raw material supply chain of BP Monitor in B2B, factory shutdown, and disruption of transportation network, which led to difficulties in product production and procurement in different degrees.
Blood pressure test is a routine part of medical examination
Blood pressure screening is an important part of general medical care. Blood pressure is one of the basic vital signs, which allows doctors to quickly judge the severity of the patient's disease and even the cause of the disease, and make prompt treatment so as not to delay the illness. For example, confusion caused by headache + blood pressure of 200/100mmHg, highly suspicious of cerebral hemorrhage. In addition, blood pressure can also indicate the patient's state.
Another point is very important, because the blood pressure index is easy to measure, simple, quick, safe and non-invasive, and there is no excessive requirement for equipment. The result can be obtained within one minute, which is an important reference index for emergency patients. Therefore, with the increase of hospital patients and medical examiners, the frequency of using BP monitor also increases.
It is difficult to expand new brand cooperation
The downstream partners of BP Monitor in B2B market have strict identification standards for medical device suppliers, and will strictly assess the certification qualification, scale, internal management and brand awareness of suppliers. Once a cooperative relationship is formed, as long as the product quality and supply capacity are continuously stable, orders are not expected to be easily transferred. Therefore, it is difficult for new brands to strive for cooperation.
Price cost of raw materials
The cost of raw materials is relatively high. If the price of raw materials and commodities rises sharply, the production cost will obviously rise. Some industry customers have certain bargaining power, and BP Monitor in B2B manufacturers may not be able to completely transfer the new costs to such customers, so this may have an adverse impact on gross profit margin.
Company Overview:
Hill-Rom is one of the major players operating in the BP Monitor in B2B market, holding a share of 24.2% in 2023.
Hill-Rom
Hill-Rom is an American medical technology provider that is a subsidiary of Baxter International. Every day, millions of patients, caregivers and providers around the world rely on Baxter's leading portfolio of diagnostic, critical care, nutrition, kidney care, hospital and surgical products and solutions.
Omron Healthcare
Omron Healthcare, Inc. manufactures and distributes personal wellness products. The Company offers blood pressure monitors, fitness products, pedometers, heart rate monitors, pain management equipment, and other accessories.
Segmentation Overview:
Among different product types, Digital segment is anticipated to contribute the largest market share in 2028.
Digital
The digital monitor has a gauge and stethoscope in one unit. It also has an error indicator. The blood pressure reading displays on a small screen.
Analog
Analog monitors read through the traditional dial.
Application Overview:
The market's largest segment by application is the segment Hospitals, with a market share of 45.32% in 2022.
Hospitals
Hospitals refer to medical institutions that carry out necessary medical examinations, treatment measures, nursing techniques, reception services, rehabilitation equipment, treatment and transportation services for patients in accordance with laws, regulations and industry norms, with the main purpose of saving lives and rescuing wounded and dying.
There are a large number of patients in the hospital, so the hospital needs to use BP monitor to track the health status of patients.
CROs
Contract Research Organizations (CROs) conduct clinical trials and research support services for biotechnology, medical device, and pharmaceutical industries, as well as universities, government organizations, and foundations
CROs uses BP monitor in research and clinical development meetings. It is helpful to track the patient's health information, medication schedule and the formulation of follow-up treatment plan. In addition, some CROs provides related blood pressure monitoring services, such as ambulatory blood pressure monitoring (ABPM), which requires the support of BP Monitor equipment.
ASCs
Ambulatory surgery centers (ASCs) are health care facilities that offer patients the convenience of having surgeries and procedures performed safely outside the hospital setting.
Due to the increase in the number of outpatient cases, it is expected that the blood pressure monitoring equipment used in outpatient surgery centers (ASCs) will increase rapidly.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global BP Monitor in B2B market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global BP Monitor in B2B Market Report:
Market Size Estimates: BP Monitor in B2B market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: BP Monitor in B2B market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the BP Monitor in B2B market
Segment Market Analysis: BP Monitor in B2B market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: BP Monitor in B2B market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the BP Monitor in B2B Market: Revenue and sales volume of major countries in each region
BP Monitor in B2B Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the BP Monitor in B2B market in major regions.
BP Monitor in B2B Industry Value Chain: BP Monitor in B2B market raw materials & suppliers, manufacturing process, distributors, downstream customers
BP Monitor in B2B Industry News, Policies & Regulations
Key players in the global BP Monitor in B2B market are covered in Chapter 12:
American Diagnostics Corporation
Omron Healthcare
Hill-Rom
Spacelabs Healthcare Inc.
GF Health Products Inc.
A&D Medical Inc.
SunTech Medical, Inc.
In Chapter 2 and Chapter 15.1, based on types, the BP Monitor in B2B market from 2018 to 2028 is primarily split into:
Digital
Analog
In Chapter 3 and Chapter 15.2, based on applications, the BP Monitor in B2B market from 2018 to 2028 covers:
Hospitals
CROs
ASCs
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the BP Monitor in B2B market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028