Market Overview:

According to a new report by IMIR Market Research on Global The size of the Blood Pressure Monitoring Devices market was estimated to be around USD 4.7 Billion in 2023, and it is projected to grow at a CAGR of 9.4% over the forecast period (2024–2031) to reach a value of USD 8.42 Billion by 2031.

Growing prevalence of hypertension as a result of evolving lifestyles is the primary driver of market expansion over the projected timeframe. The World Health Organization (WHO) released estimates in 2019 that approximately 1.28 billion individuals worldwide suffer with hypertension, a leading cause of premature death. Due to the aging population base and the rising rates of obesity and sedentary lifestyles, which increase the risk of lifestyle-associated illnesses across a broad population base, there is a significant need for blood pressure monitors.

Blood pressure control with self-measured home blood pressure monitoring was crucial even prior to COVID-19, and it is even more crucial now. Ideally, blood pressure should be measured twice a day for seven days in the morning and evening, with two readings taken 1-2 minutes apart on each occasion. This recommendation is strongly supported by the American Heart Association, the American Society of Hypertension, the European Society of Hypertension, and the National Institute for Health and Care Excellence (NICE). The need for BP monitors is growing as a result. The government's initiatives, like blood pressure monitoring programs in public places to raise public awareness and keep up the database generated by remotely operated blood pressure monitors, should spur additional growth during the projection period.

The market is anticipated to expand as a result of new technologies like mHealth, which help patients manage their chronic diseases by supporting their treatment and medication compliance. It assists in keeping track of the patient's medical records, prescription regimen, and treatment follow-up. These correlated benefits are among the elements anticipated to drive expansion. The need for home monitoring equipment increased as the prevalence of hypertension increased worldwide. The benefits of automated devices, such as repeated blood pressure checks to ensure accuracy and the prohibition of mercury devices, are also factors driving the industry's expansion.

The growing popularity of self-measurement devices is expected to contribute to the segment's growth, as they offer associated benefits such effective monitoring, detection, and control. There are various types of automated blood pressure monitors available for measuring blood pressure. Technological developments and the introduction of new products are also anticipated to boost demand. For example, in February 2021, Hillrom declared that it had paid USD 30 million to EarlySense for the technology of contact-free continuous monitoring. The company will be able to create cutting-edge AI-based sensing technologies with this purchase, especially for the remote patient care industry.

Market Dynamics:

Market Drivers-

Prevalence of Hypertension and Cardiovascular Diseases

• The need for blood pressure monitoring is being driven by the rising incidence of hypertension and cardiovascular illnesses worldwide. High blood pressure, often known as hypertension, is a major risk factor for cardiovascular conditions such as strokes, heart attacks, & heart failure. Globally, the prevalence of hypertensive & cardiovascular illnesses is rising due to aging populations, sedentary lifestyles, poor eating habits, and obesity. As result, there is a growing need for monitoring of blood pressure devices for the diagnosis and management of hypertension. With the use of these devices, people can monitor their blood pressure on a regular basis and take the necessary steps to control the condition, such as following medication guidelines, making lifestyle changes, and getting help from a doctor right once. Due to more people are becoming aware of the importance of blood pressure control & preventative healthcare measures, the market for monitoring devices is expanding and exhibiting creativity.

Innovations in Technology and Digital Health Solutions

• The steady progress in technology and the incorporation of digital health solutions into blood pressure monitoring apparatuses. The development of wearable technologies, wireless connectivity, & mobile health applications has completely changed how blood pressure is measured and controlled. With features like Bluetooth connectivity, automated inflation, cuffless measures, and cloud-based data storage, modern blood pressure monitors make it easy for consumers to track their readings and share them with medical professionals from a distance. Furthermore, blood pressure monitors can now offer tailored insights, trend analysis, & predictive analytics for the early identification of issues associated to hypertension because to developments in technology for sensors, data analysis, & artificial intelligence (AI). Blood pressure monitoring devices that incorporate digital health solutions improve patient outcomes, increase user engagement, and enable people to take proactive measures to improve their cardiovascular health. The market for blood pressure monitoring devices is growing and becoming more competitive due to the adoption of technologically improved devices that provide creative solutions for managing hypertension and preventive care.

Market Trends-

Shift Towards Wearable and Smart Blood Pressure Monitors

• Traditional blood pressure monitors are usually cuff-based and need manual inflation & blood pressure reading. Nonetheless, wearable blood pressure monitors that provide continuous, non-invasive monitoring of blood pressure during the day have been made possible by technological improvements. These wearables, which are frequently worn as bands or smartwatches, measure blood pressure with the use of conventional cuffs by using optical sensors or sophisticated algorithms. Furthermore, real-time blood pressure monitoring, storage of information, and trend analysis are all made possible by the integration of smart blood pressure monitors with digital health platforms and mobile apps. With the increasing popularity of wearable and smart blood pressure monitors, people may now easily track their blood pressure, encourage adherence to hypertension management guidelines, and benefit from remote monitoring by medical professionals. A rising customer desire for integrated health monitoring systems and individualized healthcare experiences is reflected in the expanding use of wearable & smart blood pressure monitors.

Integration of Telehealth and Remote Monitoring Solutions

• The management of blood pressure with telehealth and remote monitoring technology. Patients can monitor their blood pressure in the comfort of their homes and exchange real-time data with medical professionals for evaluation and therapy remotely by using telehealth platforms and remote monitoring devices. Using sensors with wireless connectivity and cloud-based data storage, medical personnel may keep an eye on patients' cardiovascular patterns, adjust treatment regimens, and take prompt action as needed. These gadgets also make it easier to upload blood pressure data to secure healthcare websites or electronic health records (EMRs).In addition, telehealth platforms include tools like video counselling, health coaching, & medication reminders to help people manage their hypertension and follow their treatment plans. The integration of telehealth & remote surveillance technology for blood pressure control enhances patient participation, expands access to medical care, and reduces the burden on healthcare systems by facilitating proactive and preventative treatment. It is anticipated that the introduction of remote monitoring methods for cardiovascular care will promote market expansion and innovation in the blood bp monitor industry as telehealth use increases.

Market Restraining Factors-

Accuracy and Reliability Concerns

• The doubts about the precision and dependability of blood pressure readings from certain equipment. In blood pressure monitoring, accuracy is essential since it has a direct impact on clinical judgment and patient care. When compared to conventional cuff-based monitors tested against established standards, certain blood pressure monitoring devices, especially those marketed as wrist-worn or cuffless monitors, may show variability and inconsistency in blood pressure readings. Blood pressure readings from some devices may not be accurate due to factors like incorrect placement, motion artifacts, as well as calibration mistakes. This could result in incorrect diagnoses, ineffective treatments, and unfavourable health consequences. It may be difficult for new technologies to be widely adopted and accepted in the blood pressure monitoring devices market if there is a lack of regulatory oversight and standardised verification procedures for these devices. This could lead to consumer and healthcare provider uncertainty about the accuracy of blood pressure measurements.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Blood Pressure Monitoring Devices Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Blood Pressure Monitoring Devices Market Players Analysis:

• Omron Healthcare, Inc.
• Welch Allyn (Hill-Rom)
• A&D Company, Limited
• GE Healthcare
• Philips Healthcare
• Smiths Medical, Inc.
• SunTech Medical, Inc.
• Spacelabs Healthcare, Inc.
• Schiller AG
• Rossmax International Ltd.
• BPL Medical Technologies
• CONTEC MEDICAL SYSTEMS CO., LTD.
• Withings
• American Diagnostic Corporation
• Beurer GmbH
• Microlife Corporation
• Briggs Healthcare
• CITIZEN SYSTEMS JAPAN CO., LTD.
• Terumo Corporation
• Nihon Kohden Corporation

Key Industry Developments:

• In January 2022, The connected blood pressure monitors, sophisticated mobile app, and new remote patient monitoring services from Omron Healthcare Inc. were all unveiled at the 2022 Consumer Electronics Show.

Blood Pressure Monitoring Devices Market Segmentation Analysis:

By Product Type

• Sphygmomanometer/Aneroid BP Monitor
• Automated/Digital Blood Pressure Monitor
• Ambulatory Blood Pressure Monitor
• Transducers
• Instruments And Accessories

By End-use

• Hospitals
• Ambulatory Surgical Centers & Clinics
• Homecare

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

The report also helps in understanding Global Blood Pressure Monitoring Devices Market dynamics, structure by analyzing the market segments, and project the Global Blood Pressure Monitoring Devices Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Blood Pressure Monitoring Devices Market make the report investor’s guide.

Global Blood Pressure Monitoring Devices Market Regional Insights:

The market scope is segmented because of by Product, by End-use.

By Product

Based on the Product of the market is categorised into Sphygmomanometer/Aneroid BP Monitor, Automated/Digital Blood Pressure Monitor, Ambulatory Blood Pressure Monitor, Transducers, Instruments And Accessories.

The category that sold the most aneroid BP monitors/sphygmomanometers (more than 37.1% of total sales in 2022) was driven by rising demand. It is anticipated that new product introductions and technical advancements would lead to a rise in the global demand for sphygmomanometers. Growing technical improvements in wearables, smartphones, and mobile apps for the consumer healthcare sector are driving the market. Average selling prices for manufacturers and retailers are also declining, and the professional market is becoming more and more involved.

The rising use of BP monitors as a result of the rising prevalence of high blood pressure is predicted to drive a large growth in the demand for blood pressure cuffs over the course of the forecast period. Depending on the sort of patient, these cuffs come in various sizes. There are two kinds of cuffs that are available: reusable and disposable. Among these, the disposable category is projected to grow at a rapid rate of growth (CAGR) because of the growing popularity of environmentally friendly products and growing worries about cross-contamination incidents that occur in hospitals.

By End-use

Based on the End-use of the market is categorised into Hospitals, Ambulatory Surgical Centers & Clinics, Homecare.

In 2022, the hospitals segment held a dominant position in the global industry, contributing approximately 65.4% of the total revenue. There is a sizable patient pool, which explains the high share. An increasing number of people are using blood pressure monitoring devices because they require quick, accurate, and affordable diagnostic tools to improve their health.

Homecare is predicted to expand at the fastest rate, or roughly 11.3%, throughout the course of the forecast period. The affordability of this alternate blood pressure monitoring option is expected to increase with the introduction of wearable smart devices that facilitate mobility. The home healthcare sector is therefore expected to be driven by the trend toward independent living. Ambulatory blood pressure monitoring, or ABPM, is used to measure blood pressure outside of an office setting while it is open. An improved method exists for predicting the trajectory of chronic heart disease using ABPM.

Regional Snapshots:

By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. North America's highly developed and tightly controlled healthcare infrastructure helped it to hold the greatest revenue share in 2022—more than 39.60%. The main element anticipated to fuel the BP monitoring device market's expansion in the next years is increased investments in the creation of precise and efficient BP monitors. Furthermore, it is anticipated that the introduction of new products and technical developments will support the industry's expansion. The Welch Allyn Spot Vital Signs 4400, for example, is an easy-to-use next-generation vital signs device designed to improve hypertension identification in ambulatory and emergency department settings.

Asia-Pacific is expected to develop at the fastest CAGR throughout the course of the projected decade. There are a number of reasons for this, such as the presence of untapped markets, rising manufacturer investments, more awareness, and a rise in the incidence of hypertension. The primary drivers driving the growth of the regional market are the rising number of cases of high blood pressure that go undiagnosed and untreated and the quickly developing state of healthcare facilities. The market is growing in this sector due to the target ailment population's rapid expansion and the government's supportive initiatives to increase public awareness.

Blood Pressure Monitoring Devices Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase:

• To gain insightful analyses of the Blood Pressure Monitoring Devices market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the Blood Pressure Monitoring Devices market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the Blood Pressure Monitoring Devices market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of Blood Pressure Monitoring Devices Market:

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2031
• Representation of Market revenue in USD Million

Blood Pressure Monitoring Devices Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: