Market Trends of Wearable Patches For Blood Pressure Monitoring Industry
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.
