Home Blood Pressure Monitoring Devices Market Size (2024 - 2029)

Home Blood Pressure Monitoring Devices Market Analysis

The Home Blood Pressure Monitoring Devices Market size is estimated at USD 1.25 billion in 2024, and is expected to reach USD 2.07 billion by 2029, growing at a CAGR of 10.54% during the forecast period (2024-2029).

The COVID-19 pandemic had a notable impact on the growth of the market due to the imposition of strict lockdown regulations in the initial stages of the pandemic. This resulted in the rising adoption of home blood pressure monitoring due to the increasing usage of telehealth services during the pandemic. For instance, an article published in the Journal of Comprehensive Clinical Medicine in March 2021 indicated that the use of home blood pressure tracking when paired with digital health technology facilitated remote telemonitoring of self-measured blood pressure values. The utilization of home blood pressure monitoring devices increased significantly during the COVID-19 pandemic. These factors had a significant impact on the growth of the market during the pandemic period. Also, the demand for home blood pressure monitoring devices is expected to remain intact during the post-pandemic period, thereby contributing to the growth of the market over the forecast period.

The major factor attributing to the growth of the market is the increase in the incidence of blood pressure-related diseases like heart attacks, cardiovascular diseases, aneurysms, and metabolic syndrome. According to the World Health Organization's key facts on hypertension published in August 2021, around 1.28 million people around the world in the age group of 30-79 years are affected by hypertension, with over two-thirds of them living in low- and middle-income countries. Such a high prevalence of hypertension among the global population is expected to drive the demand for home blood pressure monitoring devices. Also, the rise in cardiovascular diseases is expected to increase the demand for home blood pressure monitoring devices. For instance, the British Heart Foundation (BHF) data published in January 2022 reported that the most common heart conditions affected globally were coronary (ischemic) heart disease (global prevalence estimated at 200 million), peripheral arterial (vascular) disease (110 million), stroke (100 million), and atrial fibrillation (60 million). The report also mentioned that the prevalence of heart and circulatory diseases in North America was 46 million, in Europe it was 99 million, in Africa it was 58 million, in South America it was 32 million, and in Asia and Australia it was 310 million. Thus, the high incidence of various cardiovascular diseases among the global population is expected to contribute to the growth of the market.

Additionally, the increasing product developments by various key market players are expected to contribute to the growth of the market. For instance, in October 2022, Omron Healthcare developed a portfolio of blood pressure monitors by converting them into connected devices for ease of usage at home. This major update to the portfolio will help users and medical professionals manage hypertension in a way that is smooth, easy, and accurate.

However, the cost of the devices and their accuracy are expected to restrain the growth of the market over the forecast period.

Home Blood Pressure Monitoring Devices Industry Segmentation

As per the scope of the report, home blood pressure monitoring devices are used to monitor blood pressure at home regularly. Home monitoring is not a substitute for regular visits to the physician. The Home Blood Pressure Monitoring Devices market is segmented by product (upper arm monitors, wrist monitors, and accessories), distribution channel (hospital pharmacies, online pharmacies, and others), and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report provides the above segments' values in USD (US Dollar) million.