How Has the Blood Pressure Monitoring Devices Market Size Evolved in Recent Years?
The blood pressure monitoring devices market has seen considerable growth due to a variety of factors.
•In recent times, the market size for blood pressure monitoring devices has seen considerable expansion. It is forecasted to increase from $2.96 billion in 2024 to $3.19 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%.
The historical growth rate can be credited to several factors - the escalating prevalence of hypertension, amplified focus on preventive healthcare, the rise in diseases related to lifestyle, greater consciousness about health and wellness, and the emerging trend of home healthcare.
What are the Market Size and Expected Growth Rates for the Blood Pressure Monitoring Devices Market?
The blood pressure monitoring devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for blood pressure monitoring devices is anticipated to witness substantial growth in the upcoming years, surging to "$4.47 billion by 2029 with a compound annual growth rate (CAGR) of 8.9%.
This growth during the forecast period could be due to factors such as telehealth and remote patient monitoring, emphasis on precision medicine, government schemes for chronic disease control, patient-oriented healthcare approach, and increased healthcare consciousness in burgeoning markets. Foreseen trends for the forecasted period comprise of the incorporation of wearable technology, compatibility with Bluetooth and wireless connections, an emphasis on user experience and design, household blood pressure monitoring, and the application of artificial intelligence in blood pressure evaluation.
Which Key Drivers Are Propelling The Blood Pressure Monitoring Devices Market's Growth?
The surge in hypertension cases is anticipated to fuel the growth of the blood pressure monitoring devices market. Hypertension, otherwise known as elevated blood pressure, is a health condition where the force of blood against artery walls consistently goes above normal, causing pressure in blood vessels to rise. Both healthcare professionals and patients aiming to better manage hypertension and minimize related health risks utilize these devices. Consequently, the demand for precise and reliable devices to regulate and monitor blood pressure levels on a routine basis is expected to positively affect the market. For example, the World Health Organization, based in Switzerland, estimates that 1.28 billion people aged 30-79 worldwide were suffering from hypertension as of March 2023. The majority of these individuals, around two-thirds, reside in low- to middle-income countries. Hence, the escalating numbers of hypertension occurrences are propelling the expansion of the blood pressure monitoring devices market.
What Are The Key Segments Within The Global Blood Pressure Monitoring Devices Market?
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
Subsegments:
1) By Digital Blood Pressure Monitor: Automatic Upper Arm Monitors, Automatic Wrist Monitors, Handheld Monitors, Smartphone-compatible Monitors
2) By Sphygmomanometer: Mercury Sphygmomanometer, Aneroid Sphygmomanometer, Digital Sphygmomanometer
3) By Ambulatory Blood Pressure Monitor: 24-hour Monitoring Devices, 48-hour Monitoring Devices
4) By Instruments And Accessories: Cuffs (Various Sizes), Pressure Transducers, Calibration Equipment
5) By Transducers: Disposable Transducers, Reusable Transducers
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How Are New Trends Impacting The Size Of The Blood Pressure Monitoring Devices Market?
The development of cutting-edge technology holds a dominant trend in the blood pressure monitoring device market. The leading firms in this industry are now more committed than ever before to creating revolutionary solutions and devices. One such development is the cellular blood pressure monitor - a tool that offers real-time monitoring and data transmission capabilities. This allows patients and healthcare providers to manage blood pressure readings remotely, potentially providing an effective way to manage cardiovascular health more promptly. Reflectively, this pioneer cellular monitor functions by deploying cellular technology to gauge and communicate real-time blood pressure readings. In October 2024, for example, Withings Health Solutions, a digital health technology firm based in the US, rolled out BPM Pro 2 - a cutting-edge cellular blood pressure monitoring device. The design of the BPM Pro 2 is such that it grants precise and consistent blood pressure measurements, combined with the convenience provided by cellular connectivity. Essentially, this allows for seamless synchronization of readings with a partner app. Mere user-friendliness is not all this device has to offer. It also allows for automatic data sharing with healthcare practitioners, hence bettering hypertension management overall.
Who Are the Key Players in the Blood Pressure Monitoring Devices Market?
Major companies operating in the blood pressure monitoring devices market include:
• 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
What are the Regional Insights into the Blood Pressure Monitoring Devices Market?
North America was the largest region in the blood pressure monitoring devices market in 2024. 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
