Wearable Patches for Blood Pressure Monitoring Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 494.02 Million |
| Market Size (2029) | USD 779.84 Million |
| CAGR (2024 - 2029) | 9.56 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Wearable Patches for Blood Pressure Monitoring Market Analysis
The Wearable Patches For Blood Pressure Monitoring Market size is estimated at USD 494.02 million in 2024, and is expected to reach USD 779.84 million by 2029, growing at a CAGR of 9.56% during the forecast period (2024-2029).
The major factors driving the wearable patches for blood pressure monitoring market are the rising prevalence of hypertension and cardiovascular diseases, growing technological advancements, increasing consumer awareness of personalized health monitoring, and growing demand for remote patient monitoring.
The rising prevalence of hypertension and cardiovascular diseases increases the demand for wearable patches for blood pressure monitoring to take prior preventive actions in the management of these diseases and reduce the overall treatment cost. Such factors are expected to drive the market studied over the forecast period.
For instance, according to data published by the British Heart Foundation in January 2024, approximately 7.6 million people in the United Kingdom are living with heart or circulatory diseases. As per the same source, around 2.3 million people in the United Kingdom are living with congestive heart disease (CHD). Similarly, according to an article published in BMC Public Health in October 2023, by 2040, the prevalence of hypertension worldwide is expected to be higher in the male population than in females. In the world’s most populated countries, Pakistan and India, hypertension cases are likely to increase by 7.7% and 4.0%, respectively, in both sexes by 2040. Hence, the significant prevalence of hypertension and cardiovascular diseases worldwide is expected to drive the market over the forecast period.
Furthermore, growing technological advancements in wearable patches for blood pressure monitoring are expected to increase their accessibility and adaptability and further hike their demand, which is expected to drive the market studied over the forecast period. For instance, in May 2022, Vivalink, a digital healthcare solutions provider, reported the development of a multi-vital blood pressure patch for remote patient monitoring. This advanced multimodal continuous signal processing patch captures ECG trace, heart rate, respiratory rate, and systolic and diastolic blood pressure on a single device. Hence, increasing research activities for the development of advanced wearable patches for blood pressure monitoring are expected to drive the market studied over the forecast period.
Furthermore, rising strategic activities, such as new product launches, are also expected to increase the accessibility of these wearable patches and drive the market studied over the forecast period. For instance, in November 2022, CardieX, a cardiovascular technology company based in Australia, reported the acquisition of Blumio, a San Mateo, California-based startup focused on cardiovascular sensors. The deal is expected to advance both companies’ visions to accurately and easily measure blood pressure without relying on the use of a cuff. Hence, such acquisitions are expected to increase the accessibility of novel wearable patches for blood pressure monitoring and ultimately drive the market studied over the forecast period.
Thus, the rising prevalence of cardiovascular diseases and hypertension and growing technological and increasing strategic activities such as acquisitions by key players are expected to drive the market studied over the forecast period. However, concerns about accuracy and reliability are expected to restrain the wearable patches for blood pressure monitoring market over the forecast period.
Wearable Patches for Blood Pressure Monitoring Market Trends
Adhesive Wearable Patches Segment Expected to Hold a Significant Market Share Over the Forecast Period
Adhesive wearable patches for blood monitoring devices are equipped with electrochemical sensors, biosensors, or optical methods to gather blood pressure. These devices are primarily used to manage cardiovascular diseases. The major factors driving the adhesive wearable patches segment’s growth are increasing technological advancements in adhesive wearable patches and growing strategic activities such as product launches.
Increasing technological advancements in wearable patches are expected to boost the adoption of these technologies, which will ultimately drive the segment studied over the forecast period. For instance, in March 2022, Biobeat, a wearable remote patient monitoring solution provider, reported that the BB-613WP, a wearable adhesive patch for monitoring blood pressure, received additional clearance to monitor respiratory rate and body temperature in addition to cuffless blood pressure, blood oxygen saturation and pulse rate from the US Food and Drug Administration. The battery life of this patch is up to eight days. Hence, such product approvals increase the utilization of wearable adhesive patches for monitoring blood pressure, which is expected to ultimately drive the market studied over the forecast period.
Moreover, increasing research activities for the development of novel adhesive wearable patches for measuring blood pressure are also expected to drive the market studied over the forecast period. For instance, in April 2023, researchers at the Korea Advanced Institute of Science and Technology (KAIST) developed an adhesive wearable piezoelectric blood pressure sensor by transferring a highly sensitive, inorganic piezoelectric membrane from bulk sapphire substrates to flexible substrates. Ultrathin piezoelectric sensors with a thickness of several micrometers (one-hundredth of the human hair) exhibit conformal contact with the skin to successfully collect accurate blood pressure from the subtle pulsation of blood vessels. Hence, the development of such advanced adhesive wearable patches for monitoring blood pressure is expected to increase the adoption of adhesive wearable patches, which will ultimately drive the market studied over the forecast period.
Thus, growing technological advancements and rising research activities are expected to increase the accessibility and affordability of these adhesive wearable patches, which will ultimately drive the segment’s growth over the forecast period.
North America Expected to Hold a Significant Market Share Over the Forecast Period
The wearable patches market for blood pressure monitoring in North America is driven by factors such as the increasing prevalence of cardiovascular diseases, growing technological advancements, advanced healthcare infrastructure, and increasing strategic activities such as product launches by key players.
The increasing prevalence of cardiovascular diseases in North America boosts the utilization of wearable patches for monitoring blood pressure to take preventive actions and improve patient outcomes, which is expected to drive the market studied over the forecast period.
For instance, according to a report published by Diabetology and Metabolic Syndrome in December 2023, the prevalence of cardiovascular disease was 36.9%, and atherosclerotic CVD was 29.5% in Mexico in 2022. Additionally, the prevalence of coronary heart disease, heart failure, peripheral arterial disease, and cerebrovascular disease was 23.1%, 8.4%, 5.0%, and 3.9%, respectively, in 2022 in Mexico.
Similarly, according to the American Heart Association, in its January 2024 statistical update, 46.7% of US adults have high blood pressure. Yet, 38% of those with high blood pressure are unaware that they have it. Hence, the high prevalence of cardiovascular diseases is expected to boost the demand for wearable patches for blood pressure monitoring to take preventive actions regarding the adverse complications that occur in cardiovascular diseases. Such factors are expected to drive the market studied over the forecast period.
Furthermore, rising technological advancements in the development of wearable patches for blood pressure monitoring are also expected to increase their demand and accelerate the market studied over the forecast period. For instance, in February 2022, VeeOne Health, a US-based provider of a complete telehealth platform and services for the full continuum of healthcare, reported that it is developing a multimodal, wearable, wireless sensor patch to continuously provide remote information on patients’ physiological and physical status. The patch being developed will enable long-term monitoring of vital signs, including blood pressure and body temperature. Hence, such technological advancements are expected to drive the market studied over the forecast period.
Hence, the increasing prevalence of cardiovascular diseases and rising technological advancements are expected to boost the utilization of wearable patches for monitoring blood pressure and drive the North American market over the forecast period.
Wearable Patches For Blood Pressure Monitoring Industry Overview
The wearable patches for blood pressure monitoring market is consolidated due to the presence of a few players in the field. Startups in the market are adopting various strategic activities such as mergers, collaborations, and fundraising for the development of new solutions. Some of the key players in the market are Philips (BioTelemetry), VitalConnect, iRhythm Technologies Inc., Biobeat, and Resonetics.
Wearable Patches For Blood Pressure Monitoring Market Leaders
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Philips ( Bio Telemetry)
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VitalConnect.
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iRhythm Technologies, Inc.
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Biobeat
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Resonetics.
*Disclaimer: Major Players sorted in no particular order
Wearable Patches For Blood Pressure Monitoring Market News
- November 2023: DuPont and STMicroelectronics collaborated to develop the intelligent Liveo DuPont biosensing patch. This wearable device combines advanced materials and sensor technology to enable remote monitoring of vital signs, including heart activity. The patch incorporates ST's electronics, such as accelerometers, AI-enabled sensors, microcontrollers, and Bluetooth modules. DuPont’s soft skin conducting tape ensures the patch's compatibility with the skin. This innovative device aims to improve patient monitoring by offering a flexible, easy-to-use solution for continuous health tracking.
- July 2023: The University of California, San Diego, Division of Biological Sciences, reported the development of wearable ultrasound patches that facilitate the remote monitoring of critical physiological functions, including the heart rate and blood pressure, in the comfort of a patient’s home. The patch can capture detailed medical information and wirelessly transmit the data to a smart device such as a laptop or smartphone.
Wearable Patches for Blood Pressure Monitoring 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 Rising Prevalence of Hypertension and Cardiovascular Diseases
4.2.2 Growing Technological Advancements
4.3 Market Restraints
4.3.1 Concerns About Accuracy and Reliability
4.4 Porter's Five Forces 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 (Market Size by Value - USD)
5.1 By Type
5.1.1 Adhesive Wearable Patches
5.1.2 Non-adhesive Wearable Patches
5.2 By Application
5.2.1 Chronic Disease Management
5.2.2 Fitness and Wellness
5.3 By End User
5.3.1 Hospitals and Clinics
5.3.2 Home Care Settings
5.3.3 Ambulatory Surgical Centers
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Philips (Bio Telemetry)
6.1.2 VitalConnect.
6.1.3 iRhythm Technologies Inc.
6.1.4 Biobeat
6.1.5 Resonetics
6.1.6 Vivalink
6.1.7 DuPont
6.1.8 CardieX (Blumio)
6.1.9 VeeOne Health
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Wearable Patches for Blood Pressure Monitoring Industry Segmentation
As per the scope of the report, wearable sensor patches are small, unnoticeable devices that can be attached directly to a person's skin. They can be used to monitor health conditions such as heart rate and blood pressure.
The wearable patches for blood pressure monitoring market is segmented by type, application, end user, and geography. By type, the market is segmented into adhesive wearable patches and non-adhesive wearable patches. By application, the market is segmented into chronic disease management and fitness and wellness. By end user, the market is segmented into hospitals and clinics, home care settings, and ambulatory surgical centers. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The report also covers the estimated market sizes and trends for 13 countries across the major regions globally. The report offers market sizes and forecasts in value (USD) for the above segments.
| By Type | |
| Adhesive Wearable Patches | |
| Non-adhesive Wearable Patches |
| By Application | |
| Chronic Disease Management | |
| Fitness and Wellness |
| By End User | |
| Hospitals and Clinics | |
| Home Care Settings | |
| Ambulatory Surgical Centers |
| Geography | ||||||||
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| Rest of the World |
Wearable Patches for Blood Pressure Monitoring Market Research FAQs
How big is the Wearable Patches For Blood Pressure Monitoring Market?
The Wearable Patches For Blood Pressure Monitoring Market size is expected to reach USD 494.02 million in 2024 and grow at a CAGR of 9.56% to reach USD 779.84 million by 2029.
What is the current Wearable Patches For Blood Pressure Monitoring Market size?
In 2024, the Wearable Patches For Blood Pressure Monitoring Market size is expected to reach USD 494.02 million.
Who are the key players in Wearable Patches For Blood Pressure Monitoring Market?
Philips ( Bio Telemetry), VitalConnect., iRhythm Technologies, Inc., Biobeat and Resonetics. are the major companies operating in the Wearable Patches For Blood Pressure Monitoring Market.
Which is the fastest growing region in Wearable Patches For Blood Pressure Monitoring Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Wearable Patches For Blood Pressure Monitoring Market?
In 2024, the North America accounts for the largest market share in Wearable Patches For Blood Pressure Monitoring Market.
What years does this Wearable Patches For Blood Pressure Monitoring Market cover, and what was the market size in 2023?
In 2023, the Wearable Patches For Blood Pressure Monitoring Market size was estimated at USD 446.79 million. The report covers the Wearable Patches For Blood Pressure Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Wearable Patches For Blood Pressure Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Wearable Patches for Blood Pressure Monitoring Industry Report
Statistics for the 2024 Wearable Patches For Blood Pressure Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Wearable Patches For Blood Pressure Monitoring analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
