Blood Pressure Monitoring Devices Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.88 Billion |
| Market Size (2029) | USD 7.97 Billion |
| CAGR (2024 - 2029) | 10.32 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Blood Pressure Monitoring Devices Market Analysis
The Global Blood Pressure Monitoring Devices Market size is estimated at USD 4.88 billion in 2024, and is expected to reach USD 7.97 billion by 2029, growing at a CAGR of 10.32% during the forecast period (2024-2029).
COVID-19 had affected the overall healthcare industry. As per the article published in 2021 under the title 'Clinical impact of blood pressure variability in patients with COVID-19 and hypertension', High blood pressure variability (BPV) was substantially related to in-hospital mortality in COVID-19 patients with hypertension. High blood pressure variability was inversely correlated with advanced age and systemic inflammation. Patients with COVID-19 who have high blood pressure and hypertension require additional care since the infection caused frequent fluctuations in blood pressure. Moreover, the report published in 2021 under the title 'The challenges of measuring blood pressure during COVID-19', stated that the availability of face-to-face care in family practice has changed because of COVID-19. The adverse impact on normal care for managing chronic diseases was found to be a concern during the pandemic. As per the aforementioned factors, COVID-19 had a significant impact on the blood pressure monitoring devices market.
The market currently is experiencing tremendous growth due to the rising burden of cardiovascular disorders, growing geriatric and obsess population, and increasing unhealthy lifestyle habits. As per the World Health Organization (WHO) in 2021, an estimated 1.28 billion adults aged 30-79 years worldwide have hypertension, with most (two-thirds) living in low- and middle-income countries. It is estimated that this trend will continue to rise even in the forecast period and the demand for monitoring blood pressure devices experience substantial growth in the future. This surge in rising of the geriatric population is expected to continue in all the other parts of the globe as well giving rise to the number of cardiovascular disorders as the aged population is more prone to diseases and subsequently booming the market. For instance, according to data from World Population Prospects: the 2019 Revision, by 2050, one in six people in the world is anticipated to be over age 65. By 2050, one in four persons living in Europe and Northern America could be aged 65 or over. Technological advancements pertaining to hypertension monitoring are also increasing. For instance, in February 2022, InBody introduced the new BP 170 automatic blood pressure monitor, which provides individuals with the option to self-record and track key health metrics at home. In addition, the rising adoption of home healthhealth monitoring coupled with awareness about the importance of early diagnosis of hypertension & cardiac diseases is further expected to boost the market growth
As per the points mentioned above, the blood pressure monitoring devices market is anticipated to grow over the forecast period. However, the excessive cost of technological developments and the lack of trained physicians are the factors that can hamper the market growth over the forecast period.
Blood Pressure Monitoring Devices Market Trends
This section covers the major market trends shaping the Blood Pressure Monitoring Devices Market according to our research experts:
Automated/Digital Blood Pressure Monitor is Expected to Witness a Growth Over the Forecast Period
Automated blood pressure readings are more accurate than typical manual readings among patients with hypertension. The ease of usage and accuracy lead the digital BP monitors to have more acceptance compared to others. There are studies conducted reviewing the benefit of self-monitoring and explaining the need for BP monitor for each household as heart issues are more prevalent. As per the article published in 2021 under the title 'Self-Measured Blood Pressure Monitoring at Home: A Joint Policy Statement From the American Heart Association and American Medical Association', self-measured BP monitoring is used to confirm the diagnosis of hypertension and to help those with the condition better control their blood pressure. Therefore, there was likely to be an investment in creating and supporting the infrastructure for expanding self-measured BP monitoring and increasing coverage for the patient- and provider-related costs. Technological advancements along with new product launches are expected to further fuel the demand for digital BP monitors globally. For instance, in January 2022, OMRON Healthcare, Inc., introduced its new remote patient monitoring services at the 2022 Consumer Electronics Show (CES) along with its connected blood pressure monitors and an advanced mobile app that is designed to support consumers.
As per the factors mentioned above, digital/automated blood pressure monitors are expected to witness growth over the forecast period.
North America is Expected to Hold the Largest Market Share Over the Study Period
Globally, North America dominates the global blood pressure monitoring devices market owing to the high demand for blood pressure monitors due to the increased burden of hypertensive patients in this region. As per CDC, heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the United States. One person dies every 34 seconds in the United States from cardiovascular disease. About 697,000 people in the United States died from heart disease in 2020.
Initiatives taken by the government in this region such as the public blood pressure (BP) monitoring program to create awareness amongst people and maintain the database created by remotely operational BP monitors are expected to propel further growth during the forecast period. For instance, Million Hearts is a national initiative co-led by the Centers for Disease Control and Prevention (CDC), and the Centers for Medicare & Medicaid Services (CMS). They have forecasted their priorities for 2027 are building healthy communities and optimizing care through a committed focus on specific populations experiencing inequities.
Hence as per the factors mentioned above, North America is expected to witness a growth for the studied market over the forecast period.
Blood Pressure Monitoring Devices Industry Overview
The blood pressure monitoring devices market is fragmented and competitive due to the presence of a large number of players. The major players are currently aiming their attention to expanding their businesses in order to strengthen their position in the market. Innovation and technology advancement seems to be one of their top strategy to uphold in the market space. GE Healthcare, A&D Medical Inc., Incorporated, Omron Healthcare Inc., and Philips Healthcare are some of the key players currently dominating the blood pressure monitoring devices market.
Blood Pressure Monitoring Devices Market Leaders
-
A&D Medical Inc.
-
American Diagnostics Corporation
-
Withings
-
General Electric Company (GE Healthcare)
-
Omron Healthcare Inc
*Disclaimer: Major Players sorted in no particular order
Blood Pressure Monitoring Devices Market News
- In May 2021, Biobeat announced the launch of its new wearable and continuous ambulatory blood pressure monitoring (ABPM) chest-monitoring device.
- In January 2020, SunTech Medical Inc. announced a collaboration agreement to jointly develop new blood pressure measurement solutions that are likely to enhance patient safety.
Blood Pressure Monitoring Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Surging Burden of Cardiovascular Disorders
4.2.2 Technological Advancements
4.3 Market Restraints
4.3.1 Excessive Cost for Technological Developments
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Sphygmomanometer/Aneroid BP Monitor
5.1.2 Automated/Digital Blood Pressure Monitor
5.1.2.1 Portable (Wrist, Upper Arm, Finger)
5.1.2.2 Non-Portable (Upper Arm)
5.1.3 Instrument Accessories
5.2 By End User
5.2.1 Hospitals and Clinics
5.2.2 Ambulatory Surgical Centers
5.2.3 Home Setting
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 A&D Medical Inc.
6.1.2 American Diagnostics Corporation
6.1.3 General Electric Company (GE Healthcare)
6.1.4 GF Health Products Inc.
6.1.5 Kaz Inc.
6.1.6 Microlife AG
6.1.7 Omron Healthcare Inc
6.1.8 Koninklijke Philips N.V
6.1.9 Rossmax International Ltd.
6.1.10 Withings
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Blood Pressure Monitoring Devices Industry Segmentation
As per the scope of the report, blood pressure monitoring devices are the devices that are used to measure blood pressure. 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 Blood Pressure Monitoring Devices Market is segmented by Product (Sphygmomanometer/Aneroid BP Monitor, Automated/Digital Blood Pressure Monitor, Instrument Accessories), By End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Home Setting), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Product | ||||
| Sphygmomanometer/Aneroid BP Monitor | ||||
| ||||
| Instrument Accessories |
| By End User | |
| Hospitals and Clinics | |
| Ambulatory Surgical Centers | |
| Home Setting |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Blood Pressure Monitoring Devices Market Research FAQs
How big is the Global Blood Pressure Monitoring Devices Market?
The Global Blood Pressure Monitoring Devices Market size is expected to reach USD 4.88 billion in 2024 and grow at a CAGR of 10.32% to reach USD 7.97 billion by 2029.
What is the current Global Blood Pressure Monitoring Devices Market size?
In 2024, the Global Blood Pressure Monitoring Devices Market size is expected to reach USD 4.88 billion.
Who are the key players in Global Blood Pressure Monitoring Devices Market?
A&D Medical Inc., American Diagnostics Corporation, Withings, General Electric Company (GE Healthcare) and Omron Healthcare Inc are the major companies operating in the Global Blood Pressure Monitoring Devices Market.
Which is the fastest growing region in Global Blood Pressure Monitoring Devices Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Blood Pressure Monitoring Devices Market?
In 2024, the North America accounts for the largest market share in Global Blood Pressure Monitoring Devices Market.
What years does this Global Blood Pressure Monitoring Devices Market cover, and what was the market size in 2023?
In 2023, the Global Blood Pressure Monitoring Devices Market size was estimated at USD 4.42 billion. The report covers the Global Blood Pressure Monitoring Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Blood Pressure Monitoring Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Blood Pressure Monitoring Devices Industry Report
Statistics for the 2024 Blood Pressure Monitoring Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Blood Pressure Monitoring Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
