Blood Pressure Monitoring Device Market: Global Categories Analysis and Forecast (2024 -2030)

Global Blood Pressure Monitoring Device Market size was valued at USD 4.41 Bn. in 2023 and the total Blood Pressure Monitoring Device revenue is expected to grow by 9.56% from 2024 to 2030, reaching nearly USD 8.36 Bn.
Blood Pressure Monitoring Device Market Overview:
Blood pressure monitor also known as sphygmomanometer is an instrument used for measuring blood pressure. The component is made of a cuff, which is air-filled and is placed around the arm, at the level of the heart, approximately. A cuff is applied to a limb and the pressure is then measured by an apostrophized device. This monitor measures two types of pressure systolic and diastolic respectively. Hypertension or High Blood Pressure is easily detected through the help of a device which is called a blood pressure monitoring device.

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Hypertension is known as the main risk factor for chronic heart diseases and strokes. This is credited to the alarming growth rate of blood pressure monitoring devices utilization in-home care and the mainstreaming of intelligent technologies. However, the key determinants of this market are the increasing geriatric population, changed lifestyles, and emerging new technologies. The demand for blood pressure monitoring devices market is expected to rise in the forthcoming years because if used promptly, they enable early detection of the health deterioration of patients. Moreover, the updated blood pressure monitoring systems are made for self-monitoring purposes to observe the status of the patient in real time.
Global Blood Pressure Monitoring Device Market Dynamics:
The growing incidences of hypertension in the geriatric population are one of the driving factors behind the growth of the global blood pressure monitoring devices market. Hypertension is a severe health condition that increases the risk of diseases containing stroke, kidney failure, and other heart-related disorders. A growing aging population coupled with several other factors like sedentary lifestyles and increasing incidences of cardiovascular diseases are projected to increase the demand for blood pressure monitoring devices market.

Blood pressure monitoring is important to determine the health condition of a patient. The rise in the adoption of blood pressure monitoring devices owing to growth in the incidence of cardiovascular diseases like hypertension, the hazard of high BP in the geriatric population, and an increase in diseases including obesity and diabetes are expected to drive the global blood pressure monitoring devices market.

People checking and managing their home blood pressure are becoming more and more part of their routine even before the pandemic, and the need to keep the pressure under control has become quite significant. Both the American Heart Association, the American Society of Hypertension, and the European Society of Hypertension recommend checking blood pressure levels twice daily for at least a week in a row. This untimely spike in suffering and illness is fueling BP monitor usage. Governments undertaking activities such as a blood pressure public-monitoring program and creating records through the use of remotely operational blood pressure monitors to increase awareness in turn driving up the Blood Pressure Monitoring Device Market value across the forecast years.

Similarly, through the Integrated Health Model Initiatives (IHMI) sponsored by AMA, a data management model creates room for better health outcomes only through this. Personal diagnostic devices for BP monitoring with the help of smartphones and digital sphygmomanometers are expected to boost the demand trends in the blood pressure monitoring market. Developments in devices for blood pressure measurement, such as wearables, mobile devices, and fliers via the wireless transmission of patient data and also easy handling, are being utilized in organizations since they are beneficial.

Users are assembling self-measurement devices, and these devices have the potential to detect, monitor, and manage strategic wellness measures which are expected to be the main catalyst for the growth of the segment. Automated blood pressure monitors are variously available and used for the measurement of blood pressure. The introduction of new products and the progressing technology follow and propel consumer demand in the Blood Pressure Monitoring Device Market.

New technologies like mHealth that help patients take care of their treatment compliance in chronic disease management are forecast to push sales forward. The system acts as a database to record health information, medication schedules, and adoption of healthcare in general for effective treatment. These tangible perks may act as stimuli factors for the rate of growth. Today, hypertension is one of the most widely spread diseases globally, which, in turn, makes home monitoring devices more popular than ever. Other factors that would be beneficial to automated gear (such as repeating measurements of the systolic and diastolic indices to check for their accuracy and banning devices that contain mercury) have been identified as important causes of the blood pressure monitoring device industry's growth.
Global Blood Pressure Monitoring Device Market Segment Analysis
Based on Product, digital BP Monitors are expected to grow at a xx % rate of CAGR during the forecast period (2024-2030). The growing prevalence of hypertension and CVD is expected to increase the demand for blood pressure monitoring devices. Medical strategies define hypertension as BP higher than 130/80 mm Hg. The physicians commend home-based BP monitors to monitor, record, and treat people with high BP. Digital BP monitoring equipment devices make it hassle-free and early detection of a patient’s ill health, therefore enabling quick diagnosis and development of treatment policy. The introduction of wearable technology and synchronization with smart devices is expected to increase the demand for home-based digital BP monitors. On the contrary, it is forecasted that BP monitoring devices used in ambulant surgical centers and is the fastest-growing segment as a result of the outbreak of the number of non-admit cases.



Based on End-User, the hospitals segment held the largest Blood Pressure Monitoring Device Market share in the year 2023. The majority of that proportion might be attributed to the availability of a big patient group. The implementation of BP monitoring devices is primarily the response to the growing number of cases that require the use of equipment that is easily available, fast, and accurate for the promotion of better health results. Homecare stands to be the segment with the fastest rate of increase during the forecast period. It is anticipated that by leveraging the low resource consumption of smart wearables as an alternative to traditional BP monitoring combined with the mobility feature. Hence it is assumed that the preference for living independently is one of the principal reasons that promote the development of the home healthcare market throughout the world. ABPM—Ambulatory BP Monitoring that is employed for the measurement of out-of-office BP readings in specified time intervals throughout a period of 24 hours—is known for its many benefits.


Blood Pressure Monitoring Device Market Regional Insights:
North America is expected to hold a significant share of the global blood pressure monitoring devices market during the forecast period. The growth in the market is attributed to the accessibility of reimbursements from CMS, increasing awareness of advanced products, and advancement in healthcare infrastructure. The growing population having diseases owing to changing lifestyles is one of the key drivers in the global blood pressure monitoring devices market. The main thing to consider is the enhancement of investments meant for the development of the precision and competence of BP monitors that are expected to contribute to the demand for the Blood Pressure Monitoring Device Market growth in coming years. The development of new products including technological enhancements is expected to influence positively market growth.

On the other hand, the Asia Pacific is expected to grow at an xx% rate in the global blood pressure monitoring devices market. The high prevalence of obesity and diabetes is expected to drive the regional market growth. The increase in factors like stressful lifestyles, unhealthy diets, and deficiency of regular physical activities of people, mainly across rapidly urbanizing cities in emerging economies are expected to increase the prevalence of blood pressure-related issues. The rapid developments of diagnosis and treatment clinics and an increasing number of undiagnosed and untreated cases with BP high levels are key aspects of the growing regional market. Government funding programs aimed at spreading awareness among the people and an increase in target disease population size over time constitute the major influences on the rate of market growth in this area. Hence, these factors are expected to boost the blood pressure monitoring devices market in the region.



Competitive Landscape:

GE Healthcare based in the United States performs as well as others within this competitive setting by providing medical imaging, diagnostics, and healthcare IT solutions. International company partners are well-known multinational corporations. Microlife Taiwanese Corp, a global medical devices innovator and producer, prominently manufactures blood pressure monitors and thermometers. Its main rivals include transnational corporations, such as Omron Healthcare, A&D Group, and Welch Allyn in addition to those with a regional footprint that provide healthcare products corresponding to the ones it produces. The name Welch Allyn is synonymous with, technology and solutions headquartered in the US and is a part of the competitive medical diagnostics equipment and healthcare solutions industry. Yet, this firm that makes patients equipped with monitoring devices, diagnostic tools, and other digital health solutions is the competitor of firms like GE Healthcare, etc. that operate in the international medical device market.

Omron Healthcare, Inc., a Japanese medical company having the primary areas of expertise in blood pressure monitors, electrotherapy devices, and respiratory equipment, operates in the competitive global market for medical devices and healthcare solutions. The main contenders of A&D Company are other multinational corporations that offer the same products, for instance, A&D Company and GE Healthcare. Moreover, the company faces competition from regional players that offer similar services. Smiths Medical, based in the UK but competing in the global arena via medical devices and healthcare solutions, enjoys a good reputation as one of the world's leading producers of infusion systems, vascular access devices, and patient monitoring equipment.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which gives a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Blood Pressure Monitoring Device Market dynamic, and structure by analyzing the market segments and projecting the Global Blood Pressure Monitoring Device Market size. Clear representation of competitive analysis of key players By Price Range, price, financial position, product portfolio, growth strategies, and regional presence in the Global Blood Pressure Monitoring Device Market make the report an investor’s guide.
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Global Blood Pressure Monitoring Devices Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 4.41 Bn.


Forecast Period 2024 to 2030 CAGR:
9.56%
Market Size in 2030:
US $ 8.36 Bn.


 Segments Covered:
by Product
Aneroid BP Monitors
Digital BP Monitors
Blood Pressure Instrument Accessories
Ambulatory BP Monitors
Others


by End User
Hospitals
Ambulatory Surgical centers
Clinics
Homecare Settings
Others



Blood Pressure Monitoring Devices Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Blood Pressure Monitoring Devices Market, Key Players are
Blood Pressure Monitoring Device Market Key Players for North America

1. GE Healthcare - United States
2. Welch Allyn - United States
3. Hill-Rom Services Inc. - United States
4. Masimo - United States
5. Spacelabs Healthcare - United States
6. SunTech Medical, Inc. - United States
7. American Diagnostics Corporation - United States
8. Briggs Healthcare - United States
9. GF Health Products Inc. - United States

Blood Pressure Monitoring Device Market Key Players for Europe

1. Smiths Medical - United Kingdom
2. Koninklijke Philips N.V. - Netherlands
3. Halma plc. - United Kingdom

Blood Pressure Monitoring Device Market Key Players for Asia Pacific

1. A&D Company, Limited - Japan
2. Microlife Corporation - Taiwan
3. Omron Healthcare, Inc. – Japan
4. Contec Medical Systems Co., Ltd. - China
5. Rossmax International Ltd - Taiwan

Frequently Asked Questions:
1. Which region has the largest share in the Global Market?
Ans: The North American region held the highest share in 2023.

2. What is the growth rate of the Global Blood Pressure Monitoring Device Market?
Ans: The Global Market is expected to grow at a CAGR of 9.56% during the forecast period 2024-2030.

3. What is the scope of the Global Blood Pressure Monitoring Device Market report?
Ans: The Global Blood Pressure Monitoring Device Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in the Global Blood Pressure Monitoring Device Market?
Ans: The important key players in the Market are – GE Healthcare, A&D Company Limited, Microlife Corporation, Welch Allyn, Omron Healthcare, Inc., Smiths Medical, Koninklijke Philips N.V.,, Contec Medical Systems Co., Ltd., Halma plc., Hill-Rom Services Inc., Masimo, Spacelabs Healthcare, Rossmax International Ltd, SunTech Medical, Inc., American Diagnostics Corporation, Briggs Healthcare, and GF Health Products Inc.

5. What is the study period of this market?
Ans: The Global Blood Pressure Monitoring Device Market is studied from 2023 to 2030.