Dimension Market Research identifies that this sector is probable to witness remarkable growth in the span of 2024 - 2033 considering the increasing attention of the consumers towards healthcare which consequently boosts the growth of this market. As regular people are getting more engaged in work life, they are suffering from various mental conditions as well as physical stress which leads to incidences of patients suffering from high blood pressure that can turn into a fatal condition if it is ignored.
As the older population is growing globally, it is subsequently influencing the demand for blood pressure monitors which is driving the growth of this market further. According to the Heart Associations of America, the American Society of Hypertension, the European Society of Hypertension & NICE (National Institute for Health and Care Excellence) suggested that blood pressure must be recorded twice a day for seven days continuously. Preferably, measurement of blood pressure should be taken in the morning and evening every day and two measurements from different points of the body should be taken 1 and 2 minutes apart.
The widening screening market of global blood pressure monitor devices is mainly driven by the innovation of technologies concerning precision and usage experience, e.g. Bluetooth and wearable device integration. The rise in the elderly population, especially in many developed and developing countries, such as Canada, France, China, India, and Others is driving the demand for assistive devices soaring. High blood pressure's prevalence grows in turn requiring diagnosis and management tools. The outpatient call systems gain popularity due to ease of use and low costs, which are further enhanced by government programs. There is an increase in telehealth accessibility, especially in remote areas due to the pandemic outbreak and this leads to the growth in demand for remote monitoring devices, welcoming the home monitoring and remote consultations practice.
Key Takeaways
- Market Size: The Global Blood Pressure Monitoring Device Market size is estimated to have a value of USD 5.2 billion in 2024.
- Market Growth Rate: The market is growing at a CAGR of 9.8 percent over the forecasted period of 2024 to 2033.
- By Product Segment Analysis: The sphygmomanometer/aneroid blood pressure monitors are expected to exert their dominance on the product segment as it holds 38.5% in 2024.
- By End User Analysis: Hospitals are projected to command the end-user segment in the blood pressure monitoring device market as they hold 67.9% of the market share in 2024.
- Regional Analysis: North America is expected to hold 40.8% of the market share of the global blood pressure monitoring device market in 2024.
Use Cases
- Blood pressure monitoring devices are used for diagnosis by healthcare professionals to diagnose hypertension (high blood pressure), and hypotension (low blood pressure).
- Patients suffering from chronic conditions like hypertension or heart disease often use blood pressure monitors at their home to track their BP levels regularly.
- Regular monitoring of BP helps individuals identify any abnormalities in their health early on and take necessary steps to maintain a healthy lifestyle.
- Blood pressure monitoring devices commonly play a vital role in medical research studies and clinical trials that are targeted at specific populations.
- The purpose of these studies is to analyze blood pressure trends, examine the efficiency of new medications and interventions by using the collected data from these devices, and check the impact of lifestyle factors on cardiovascular health.
Market Dynamic
Trends
Rise of Digital and Automated DevicesThe global marketplace for blood pressure monitoring devices is witnessing a considerable trend towards digital and automated blood pressure monitors. These devices provide ease of use, accuracy, and connectivity, allowing customers to reveal blood pressure at home and share data with healthcare providers remotely. This trend is driven by means of improvements in medical device technology and increasing customer preference for convenient health monitoring solutions.
Integration with Remote Patient Monitoring
Another distinguished trend inside the blood pressure monitoring device market is the integration with remote patient monitoring systems. This integration enhances patient monitoring by allowing non-stop blood pressure measurement and real-time data sharing with healthcare providers. The growing adoption of telehealth services and the need for effective management of chronic conditions are propelling this trend, highlighting the importance of remote patient monitoring in contemporary healthcare.
Growth Drivers
Increasing Prevalence of Hypertension
The growth of the global pressure monitoring devices marketplace is on the whole pushed by the growing occurrence of hypertension worldwide. High blood pressure is a leading risk factor for cardiovascular diseases, necessitating regular blood pressure monitoring. This increase in demand for blood pressure monitoring devices is expected to significantly improve the market growth, as more patients require reliable and accurate tools to control their blood pressure ranges.
Technological Advancements in Medical Devices
Technological improvements in medical devices, inclusive of the development of advanced blood pressure monitoring devices with functions like wi-fi connectivity and statistics analytics, are riding market growth. These innovations improve the accuracy and functionality of blood pressure monitors, making them extra appealing to consumers and healthcare professionals. The continuous evolution of technology in the medical area is a primary catalyst for the expansion of the blood pressure monitoring devices market.
Growth Opportunities
Expansion in Emerging Markets
Emerging markets, particularly in the Asia-Pacific region, present significant growth opportunities for the blood pressure monitoring devices market. The market in this region is experiencing rapid growth due to increasing healthcare awareness, rising disposable incomes, & growing cases of hypertension. Companies running in the international marketplace can capitalize on these possibilities by expanding their presence and product offerings in these high-potential markets.
Development of Innovative Products
The development of new blood pressure monitoring devices that offer enhanced features and capabilities represents a substantial growth opportunity. Innovations such as continuous blood pressure monitoring and wearable devices are expected to attract a wide range of consumers seeking convenient and efficient ways to monitor their health. Investing in research and development to create such innovative products can help market players capture a larger share of the global market.
Restraints
High Cost of Advanced Devices
The high cost of advanced blood pressure monitoring devices poses a major restraint on market growth. Many customers especially from developing countries find it difficult to afford these devices, restricting their adoption. Additionally, the cost can be a barrier for healthcare providers looking to equip their facilities with advanced monitoring equipment.
Accuracy and Calibration Issues
Accuracy and calibration issues with blood pressure monitoring devices can restrict market growth. Inaccurate readings can result in improper management of high blood pressure, posing health risks to patients. Ensuring that devices are nicely calibrated and provide reliable measurements is important for gaining customer trust and expanding market share. Addressing these technical situations is crucial for the sustained growth of the blood pressure monitoring devices industry.
Research Scope and Analysis
By Products
The sphygmomanometer/aneroid blood pressure monitors are expected to exert their dominance in this segment in the context of the product as it holds 38.5% in 2024. Anersoid-type blood pressure monitors are majorly used in hospitals, clinics, and doctor's offices when patients visit for routine blood pressure readings by technicians. Healthcare professionals use them a lot in checking for hypertension, monitoring cardiovascular patients, and assessment of overall prognosis related to the cardiovascular system. The known fact is that aneroid BP monitors are precise and can guarantee high credibility of their results when they have been used appropriately and calibrated regularly.
Medical staff commonly render these monitors for their high levels of precision when obtaining blood pressure readings in diagnostic procedures. Aneroid BP machines can be considered cheaper for a lot of users ranging from healthcare facilities with constrained budgets and people economizing their monitoring solutions. Aneroid BP monitors are strong devices that are suitable for being used by nurses to perform their daily responsibilities as they can work well in high-pressure hospitals. Correctly used, a blood pressure monitor can continue to provide an accurate blood pressure reading during its period of usage.
By End User
Hospitals are projected to command the end-user segment in the blood pressure monitoring device market as they hold 67.9% of the market share in 2024. In hospitals blood pressure devices act as a part of daily patient assessment protocols where healthcare professionals routinely measure patients’ blood pressure after their admission, during ward rounds, and before and after surgical procedures.
In emergency departments and critical care units, the importance of the precise and prompt measurement of blood pressure or systolic blood pressure cannot be emphasized enough. It is vital for rapid triaging, prompt assessment of critically ill patients, and ongoing care of potentially fatal conditions.
Aneroid BP monitors are a great backup for instant use by health visitors in emergencies, as a supplement for continuous monitoring, and as an alternative in the absence of automatic BP devices. Surgical rooms and operating rooms in hospitals need constant monitoring of patient's vital signs, such as blood pressure, to be exercised regularly throughout the procedures. Aneroid BP monitors comprise the list of tools in an anesthesia provider's, circulating nurse's, or surgery technologist's medical toolkit which are used to keep track of a patient's hemodynamic status thereby ensuring their safeness during the operation.
The Blood Pressure Monitoring Device Market Report is segmented on the basis of the following
By Products
- Sphygmomanometer/Aneroid BP Monitor
- Automated/Digital Blood Pressure Monitor
- Arm Monitors
- Wrist Monitors
- Finger Monitors
- Smart Blood Pressure Monitors
- Ambulatory Blood Pressure Monitor
- Transducers
- Instruments And Accessories
- Disposable
- Reusable
By End User
- Hospitals
- Ambulatory Surgical Centers & Clinics
- Homecare
Regional Analysis
North America is expected to
hold a market share of 40.8% in 2024 as it is known for its healthcare services structure which is quite sophisticated. The primary one, among the list of potential causes of the dominance of this region is the increase in funds for making exact and efficient BP monitors. It is anticipated that this factor will fuel the expansion of the blood pressure monitoring devices market during the forecast period. However, the industry is also anticipated to have fast growth because of new product launches as well as the growth of technology.
For this reason, we have the best conditions as there are opportunities without being filled, more manufacturers invest and, an increasing number of people know about it, and as it leads to more number of people having hypertension. The quick upgrade of healthcare facilities and the high number of unsuspected and unattended high BP cases are coincidently fundamentals for the market growth in the region. Both successful government programs aimed at influencing people and the fast-growing niche of such illnesses are leading to a market expansion of this region.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The competitive landscape of the global blood pressure monitoring device market is highly competitive with the presence of various major companies that are heavily investing in research and development to produce solutions that provide accurate data and make blood pressure testing more convenient for consumers. Some of the major key players in the global blood pressure monitoring device market are Omron Healthcare Welch Allyn Inc., A&D Medical Inc., SunTech Medical Inc., American Diagnostics Corp., Withings, Briggs Healthcare, and many others. These companies are further boosting their position in this market by utilizing various strategies like partnerships, acquisitions, mergers, and collaborations with the primary aim of research and development to push forward due to the heavy investment by the major healthcare and pharmaceutical giants.
Some of the prominent players in the Global Blood Pressure Monitoring Device Market are
- Omron Healthcare Welch Allyn, Inc.
- A&D Medical Inc.
- SunTech Medical, Inc.
- American Diagnostics Corp.
- Withings
- Briggs Healthcare
- GE Healthcare
- Kaz Inc.
- Microlife AG
- Rossmax International Ltd.
- GF Health Products Inc.
- Spacelabs Healthcare Inc.
- Philips Healthcare
- Hill-Rom Services Inc.
- Braun Healthcare
- Other Key Players
Recent Development
- In January 2024, Omron Healthcare announced its aims to expand in the Indian market, targeting 20% penetration by 2030 which the plans also include tripling sales, Chennai production facility, and partnerships for awareness.
- In November 2023, Apple reportedly plans to introduce Blood Pressure monitoring on its 2024 Apple Watch, aiming for accuracy and hypertension detection, along with sleep apnea detection.
- In August 2023, A study led by UCSF revealed that basic home blood pressure cuffs are as effective as smartphone-linked devices in controlling hypertension.
- In May 2023, Researchers developed BPClip, an ultra-low-cost blood pressure monitor, using a 3D-printed clip for smartphones. Feasibility studies showed promising results for accessibility and accuracy.
- In January 2022, Binah.ai introduces a video-based AI technology for contactless blood pressure monitoring via smartphones, tablets, and laptops, providing various vital signs measurements.