Wearable Patches For Blood Pressure Monitoring Market Size

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.