Global Wearable Blood Pressure Monitor Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
22 Feb, 2021
The wearable blood pressure monitor market consists of the sale of wearable blood pressure monitors and related services. The market comprises of revenue generated by business enterprises that manufacture, develop and sell wearable blood pressure monitors. Wearable blood pressure monitors are devices that continuously monitor blood pressure even during activities such as exercise and sleep using technology that is connected to the wearer`s body. The data is stored and analyzed through an app.
Global Wearable Blood Pressure Monitor Market Size And Drivers:
The global wearable blood pressure monitor market reached a value of nearly $874.1 million in 2019, having grown at a compound annual growth rate (CAGR) of 21.1% since 2015, and is expected to grow at a CAGR of 11.6% to nearly $1.35 billion by 2023. The market is expected to grow at a CAGR of 15.3% to nearly $1.80 billion by 2025, and at a CAGR of 15.4% to $3.68 billion by 2030. Increase in the prevalence of hypertension, particularly in the geriatric population, significantly contributed to the growth of the wearable blood pressure monitors market during the historic period.
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Trends In The Global Wearable Blood Pressure Monitor Market
Wearable blood pressure monitor companies are focusing on employing artificial intelligence applications to build intelligent processes to optimize revenue gains. Artificial Intelligence is a machine-based learning which makes use of human intelligence functionalities such as reasoning and problem-solving abilities to obtain insights and provide useful information. AI in wearable blood pressure monitors drives innovation through its implementation of data and data-drive insights notifies the individuals when abnormalities related to their blood pressure occur and allows the physicians to have a real-time insight into their blood pressure, activity, and sleep.
Global Wearable Blood Pressure Monitor Market Segments:
The global wearable blood pressure monitor market is further segmented based on product and geography.
By Product:Upper Arm Blood Pressure Monitor, Wrist Blood Pressure Monitor, Finger Blood Pressure Monitor.
By Geography:The global wearable blood pressure monitor market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global wearable blood pressure monitor market, accounting for 33.7% of the total market.
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Wearable Blood Pressure Monitor Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wearable blood pressure monitor market overviews, analyzes and forecasts market size and growth for the global wearable blood pressure monitor market, wearable blood pressure monitor market share, wearable blood pressure monitor market players, wearable blood pressure monitor market segments and geographies, wearable blood pressure monitor market’s leading competitors’ revenues, profiles and market shares. The wearable blood pressure monitor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.