Global Blood Pressure Monitoring Devices Market Size 2024, Forecast To 2033
6 Mar, 2024
The blood pressure monitoring devices market size has grown strongly in recent years. It will grow from $2.79 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to the increasing prevalence of hypertension, increasing focus on preventive healthcare, rise in lifestyle-related diseases, increased awareness of health and wellness, and the home healthcare trend. The blood pressure monitoring devices market size is expected to see strong growth in the next few years, reaching $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to telehealth and remote patient monitoring, focus on precision medicine, government initiatives for chronic disease management, focus on patient-centric healthcare, and rising healthcare awareness in emerging markets. Major trends in the forecast period include wearable technology integration, Bluetooth and wireless connectivity, focus on user experience and design, and home blood pressure monitoring, artificial intelligence in blood pressure analysis.
Global Blood Pressure Monitoring Devices Market Key Driver
The rising incidences of hypertension will boost the blood pressure monitoring devices market. Hypertension, also known as high blood pressure, is a medical condition in which the force of the blood against the walls of the arteries is consistently elevated, leading to increased pressure in the blood vessels. Healthcare providers and patients who seek to improve their ability to manage hypertension and reduce the risk of associated health complications use blood pressure monitoring devices. Thus, the need for accurate and reliable blood pressure monitoring devices to monitor and manage blood pressure levels regularly will positively impact the market. For instance, in March 2023, according to the World Health Organization, an estimated 1.28 billion adults aged 30–79 years worldwide have hypertension, most (two-thirds) living in low- and middle-income countries. Therefore, the rising incidences of hypertension are driving the growth of the blood pressure monitoring devices market.
Get A Free Sample Of The Global Blood Pressure Monitoring Devices Market ReportGlobal Blood Pressure Monitoring Devices Market Segments
The blood pressure monitoring devices market covered in this report is segmented –
1) By Product Type: Digital Blood Pressure Monitor, Sphygmomanometer, Ambulatory Blood Pressure Monitor, Instruments And Accessories, Transducers
2) By Technology: Digital, Aneroid, Wearable
3) By End User: Hospitals, Home-Care Settings, Ambulatory Surgical Centers, Other End Users
By Geography:The regions covered in the blood pressure monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the blood pressure monitoring devices market in 2023. The regions covered in the blood pressure monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Blood Pressure Monitoring Devices Industry Players
Rossmax International Ltd., Koninklijke Philips N.V., SunTech Medical Inc., Graham-field Health Products Inc., Welch Allyn Inc., Microlife Corporation, A&D Company Limited, Omron Corporation, Hill-Rom Services Inc., American Diagnostic Corporation, Withings Health Solutions, Smiths Medical Inc., Braun Healthcare, ICU Medical Inc., Panasonic Corporation, Spacelabs Healthcare Inc., Microlife AG, Schiller AG, BPL Medical Technologies, ForaCare Inc., iHealth Labs Inc., Qardio Inc., Beurer GmbH, Citizen Systems Japan Co. Ltd., Terumo Corporation, Vasomedical Inc., Becton Dickinson and Company, Medtronic plc, Boston Scientific Corporation, Edwards Lifesciences Corporation
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Blood Pressure Monitoring Devices Market Overview
Blood pressure monitoring devices refer to medical instruments that are used to measure and monitor blood pressure as it flows through the arteries in a person's body. These devices are commonly used to diagnose and manage hypertension, which can lead to serious health problems.
Blood Pressure Monitoring Devices Global Market Report 2023 provides data on the global blood pressure monitoring devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The blood pressure monitoring devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.