Market Size of Medical Devices Cuffs Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 0.95 Billion |
Market Size (2029) | USD 1.20 Billion |
CAGR (2024 - 2029) | 4.60 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Medical Devices Cuffs Market Analysis
The Medical Devices Cuffs Market size is estimated at USD 0.95 billion in 2024, and is expected to reach USD 1.20 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
Medical devices cuffs, integral to various medical equipment, serve the crucial function of providing pressure. The rising inclination toward sedentary lifestyles, as well as unhealthy lifestyle choices such as smoking and alcohol consumption, are among the major causes leading to cardiovascular diseases and high blood pressure. According to a report published in March 2023, the World Health Organization (WHO) stated that over one billion people worldwide have hypertension or high blood pressure. Consequently, as the number of hypertension cases rises, so will the adoption of blood pressure monitoring devices for prevention and management, fueling the market for medical devices cuffs.
Furthermore, the increasing adoption of home care services for regular blood pressure monitoring is poised to drive the growth of the medical devices cuffs market in the coming years. Home care services offer significant advantages, including long-term care, cost-effectiveness, and valuable assistance, leading to a surge in demand for these services. A study report published by Elsevier in July 2023 highlighted that broadening the scope of home blood pressure monitoring for hypertensive adults in the United States could greatly alleviate the burden of cardiovascular diseases and lead to substantial long-term healthcare savings.
Thus, the aforementioned factors, such as the rise in the number of patients and expanding home blood pressure monitoring that effectively reduces the burden of diseases, may contribute to market growth over the coming years.
However, traditional analog cuffs can be prone to inaccuracies, especially when used by untrained individuals, which may hinder market growth.