Blood Pressure Monitoring Devices

Digital Therapeutics is fastest growing segment fueling the growth of Blood Pressure Monitoring Devices Market

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The global Blood Pressure Monitoring Devices Market is estimated to be valued at US$ 2 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Blood pressure monitoring devices help detect high or low blood pressure by regularly measuring an individual’s blood pressure levels. They come in different forms like arm cuffs, wrist cuffs, finger clamps, and are being integrated with digital platforms to provide therapeutics like lifestyle management programs. This is fueling the growth of digital therapeutics as the fastest growing segment in the blood pressure monitoring devices market.

Market Overview:

Blood pressure monitoring devices are increasingly being used for self-monitoring of blood pressure, especially among individuals suffering from hypertension. Home monitoring allows for frequent readings over an extended period and helps in making lifestyle changes. Advent of digital platforms is enabling remote monitoring of patients by doctors and online analysis of readings.

Market key trends:

One of the key trends driving the blood pressure monitoring devices market is the growing preference for wearables and portable devices for self-monitoring. Devices integrated with mobile apps are gaining popularity as they provide therapeutic programs and alerts. Growing awareness about benefits of continuous monitoring is also fueling the demand. Furthermore, increased funding in development of novel monitoring techniques such as detection of blood pressure from other physiological signals is expected to open new opportunities over the forecast period.

Segment Analysis:-

The global blood pressure monitoring devices market is segmented based on product type, end use and region. By product type, the market is divided into arm cuffs and wrist devices, automatic blood pressure monitors, ambulatory blood pressure monitors, and others. Among these, arm cuffs and wrist devices dominate the market and this segment is expected to maintain its dominance over the forecast period as well owing to their ease-of-use and lower cost compared to other devices.

Key Takeaways:-

The Global Blood Pressure Monitoring Devices Market Demand is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing prevalence of hypertension and cardiovascular diseases.

The global blood pressure monitoring devices market size is expected to reach US$ 2 Bn by 2023.

Regional analysis:-

North America is expected to be the fastest growing as well as the dominating regional market over the forecast period. This is attributed to the increasing adoption of technologically advanced blood pressure monitoring devices, rising healthcare expenditure, and presence of major players in the region. Asia Pacific is also likely to offer lucrative growth opportunities with China and India being the major revenue generators in the region.

Key players:-

Key players operating in the blood pressure monitoring devices market are GE Healthcare, Koninklijke Philips N.V., Welch Allyn, Spacelabs Healthcare, A&D Company, Limited, SunTech Medical, Inc., OMRON Healthcare, Inc., American Diagnostic Corporation, Withings, Briggs Healthcare, Kaz, Inc., GF Health Products, Inc., Rossmax International Ltd. Major players are focusing on new product launches and geographical expansion to strengthen their market presence.

*Note:
1.   Source: Coherent Market Insights, Public sources, Desk research
2.  We have leveraged AI tools to mine information and compile it