What is the global market size of the Blood Pressure Monitoring Devices Market?

Global Blood Pressure Monitoring Devices Market size was valued at USD 1.62 billion in 2021 and is poised to grow from USD 1.79 billion in 2022 to USD 4.12 billion by 2030, growing at a CAGR of 10.93% in the forecast period (2023-2030).

Blood Pressure Monitoring Devices Market Size

Blood Pressure Monitoring Devices Market Insights

Blood Pressure Monitoring Devices Market size was valued at USD 1.79 Billion in 2023 and is poised to grow from USD 1.99 Billion in 2024 to USD 4.57 Billion by 2032, growing at a CAGR of 10.93% during the forecast period (2025-2032).

The growth of the global market is attributed to rising prevalence of hypertension due to changing lifestyle. According to WHO, in 2019, about 1.28 billion people suffered from hypertension. In addition, increasing geriatric population, high demand for BP monitors, and sedentary lifestyles are the factors which propel the market growth. Increasing government initiatives such as public blood pressure monitoring programmes to create awareness among the people and maintain database created by remotely operational BP monitors is expected to fuel the market growth.

Increasing use of technologically advanced devices such as mobile-based BP monitoring systems and digital sphygmomanometer is expected to drive the market growth. Recently, wearable and portable devices gaining more popularity as it provides benefits such as wireless transmission of patient information and easy handling. Emergence of new technologies such as mHealth helps in tracking the patient’s health information, medication schedule, and follow up for the treatment is expected to boost the market growth. Self-monitoring devices gaining popularity during the forecast period as it provides benefits such as good monitoring, detection, and control are further anticipating the market growth.

US Blood Pressure Monitoring Devices Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

The blood pressure monitoring devices market is fragmented and competitive due to presence of large number of leading players in the global market and several small players in the regional market. Major players adopted strategic to expand their business in order to strengthen their position in the market. GE Healthcare, A&D Medical Inc., Incorporated, Omron Healthcare Inc., and Philips Healthcare are some of the key players currently dominating the blood pressure monitoring devices market. 'Omron Healthcare ', 'A&d Medical Inc. ', 'Halma Plc ', 'American Diagnostics Corporation ', 'Withings ', 'Briggs Healthcare ', 'GE Healthcare ', 'Microlife AG ', 'Rossmax International Ltd. ', 'GF Health Products Inc. ', 'Spacelabs Healthcare Inc. ', 'Philips Healthcare. ', 'B. braun SE ', 'BPL Medical Technologies ', 'Contec Medical Systems Co., Ltd. ', 'Beurer Gmbh ', 'Microlife Corporation ', 'Citizen Systems Japan Co., Ltd. ', 'Terumo Corporation ', 'Nihon Kohden Corporation'

Hypertension is one of the major causes of deaths globally. The factors responsible for hypertension includes changing lifestyles with poor diet, lack of physical activity, alcohol consumption, and mental stress. According to survey of CDC, in 2018, about 4,94,873 deaths occurred in the U.S due to high blood pressure. Globally, in 2010, about third of the adults had hypertension and only 13.8% had blood pressure under control. Hence increasing prevalence of hypertension, increases the demand for effective and accurate blood pressure monitors which ultimately drives the blood pressure monitoring devices market.

One of the ongoing trends is the increasing shift from hospital care to home care. In response to this, majority of the key players such as Omron Healthcare and others are continuously introducing new BP monitors to full-fill the need of homecare patients. Another trend is the use of Bluetooth-enabled monitors- these devices having long battery life, having compact structure, and suitable for self-monitoring. These devices ensure the more thorough follow-up care for the patients and help to transfer the patient data to doctor.

North America is expected to account for the largest revenue share during the forecast period due to presence of regulated and developed healthcare infrastructure. In addition, key players increased their investment in the development of accurate and effective BP monitors is a factor which propel the market growth. Moreover, new product launches along with technological advancements also boost market growth. For instance, in Feb 2020, Hillrom announced the commercial launch of new device-Welch Allyn Spot Vital Signs 4400- which is an easy-to-use next generation vital signs device used to improve hypertension detection in ambulatory & emergency department settings.