Blood Pressure Monitoring Devices Market Size, Analysis 2032
Blood Pressure Monitoring Devices Market Size, Analysis 2032
Segments - Blood Pressure Monitoring Devices Market by Product (Ambulatory Blood Pressure Monitors, Transducers, Instruments & Accessories, Sphygmomanometer/Aneroid BP Monitors, Automated/Digital Blood Pressure Monitors, and Others), End-user (Homecare, Hospitals & Clinics, and Ambulatory Surgical Centers), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024–2032
Upcoming
| Report ID :HC-6482
| 4.9 Rating
| 73 Reviews
| 231 Pages
| Format :
Report Description
Blood Pressure Monitoring Devices Market Outlook 2032
The global blood pressure monitoring devices market size was USD 4.6 Billion in 2023 and is projected to reach USD 10.33 Billion by 2032, expanding at a CAGR of 9.5% during 2024–2032. The market growth is attributed to the growing demand for proactive health management solutions.
Rising geriatric population afflicted with cardiovascular disorders is boosting the demand for patient monitoring devices, including blood pressure monitoring devices. For instance, according to the report published by the WHO, the global population aged 60 years and above reached 1.4 billion in 2020. Furthermore, the global population of people aged 60 years and above is expected to reach 2.1 billion by 2050.
Blood pressure monitoring devices provide real-time monitoring of blood pressure levels, facilitating early detection of abnormalities and delivering personalized insights to patients. Additionally, collaborations between medical device manufacturers and research institutes aimed at advancing blood pressure monitoring devices further fuel the market.
Impact of Artificial Intelligence (AI) on the Blood Pressure Monitoring Devices Market
The use of artificial intelligence is likely to boost the blood pressure monitoring devices market. AI-powered blood pressure monitors use advanced signal-processing techniques to detect subtle changes in blood pressure patterns. Additionally, AI-enabled telemedicine platforms leverage machine learning algorithms to remotely monitor patients' blood pressure levels and provide timely interventions.
Blood Pressure Monitoring Devices Market Dynamics
Major Drivers
Increasing prevalence of hypertension and cardiovascular diseases worldwide is expected to drive the market in the coming years. Unhealthy lifestyles, sedentary habits, and poor dietary choices are contributing to the increased incidence of hypertension and heart related diseases. For instance, as per the report published by the WHO on June 11, 2021, around 17.9 million people died from cardiovascular diseases (CVDs) in 2019, accounting for 32% of total global fatalities. 85% of these deaths were caused by heart attacks and strokes. Furthermore, the surging demand for advanced blood pressure monitors is projected to fuel the market during the forecast period.
Existing Restraints
Stringent regulatory requirements and prolonged approval processes for blood pressure monitoring devices hinder the market. Regulatory approvals from organizations, such as the US FDA and the European Medicines Agency (EMA), are essential for the commercialization of these devices. Moreover, the limited reimbursement policies for blood pressure monitoring devices in certain regions hamper the market.
Emerging Opportunities
Growing adoption of telemedicine and remote patient monitoring solutions creates immense opportunities for the players competing in the market. Manufacturers are producing advanced blood pressure monitoring devices equipped with wireless connectivity and smartphone integration to enable patients to monitor their blood pressure levels remotely. Additionally, the rising demand for cutting-edge healthcare devices for monitoring daily health status is anticipated to boost the adoption of blood pressure monitoring devices in the coming years.
Scope of the Blood Pressure Monitoring Devices Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.
|
Attributes |
Details |
|
Report Title |
Blood Pressure Monitoring Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2023 |
|
Historic Data |
2017 -2022 |
|
Forecast Period |
2024–2032 |
|
Segmentation |
Product (Ambulatory Blood Pressure Monitors, Transducers, Instruments & Accessories, Sphygmomanometer/Aneroid BP Monitors, Automated/Digital Blood Pressure Monitors, and Others) and End-user (Homecare, Hospitals & Clinics, and Ambulatory Surgical Centers) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Biotronik; FUKUDA DENSHI; General Electric Company; Hill-rom Services, Inc; iRhythm Technologies Inc; Koninklijke Philips N.V; Nihon Kohden Corporation; Shenzhen Mindray Bio-Medical Electronics Co., Ltd; and ZOLL Medical Corporation |
Regional Outlook
In terms of region, the global blood pressure monitoring devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major market share in 2023, due to advanced healthcare infrastructure and high adoption of innovative medical technologies, including advanced blood pressure monitoring devices, in the region. Moreover, the growing incidence of cardiovascular diseases in this region boosts the demand for blood pressure monitoring devices, aiding in the efficient management and prevention of cardiac conditions.
-
According to the Centers for Disease Control and Prevention's report published on May 15, 2023, cardiovascular disease results in one death in every 33 seconds in the US. In 2021, approximately 695,000 individuals in the US were affected by heart disease.
The market in Asia Pacific is projected to grow at a significant pace in the years to come, owing to the high prevalence of hypertension and cardiovascular diseases. Moreover, the government initiatives aimed at improving healthcare infrastructure and expanding access to medical services are expected to boost the demand for blood pressure monitoring devices.
Blood Pressure Monitoring Devices Market Segment Insights
Product Segment Analysis
Based on product, the blood pressure monitoring devices market is divided into ambulatory blood pressure monitors, transducers, instruments & accessories, sphygmomanometer/aneroid BP monitors, automated/digital blood pressure monitors, and others. The automated/digital blood pressure monitors segment held a large share of the market in 2023, due to their convenience, accuracy, and ease of use. Additionally, advancements in medical device technology, such as oscillometric measurement methods and digital displays, enhance the performance and usability of automated blood pressure monitors, thereby propelling the segment.
The ambulatory blood pressure monitors segment is expected to expand at a significant growth rate in the coming years, owing to the growing need for continuous blood pressure monitoring outside clinical settings. Ambulatory blood pressure monitors are portable devices worn by patients for 24 hours or longer to track their blood pressure throughout the day. Moreover, the increasing focus on preventive healthcare and early detection of cardiovascular diseases is expected to boost the demand for ambulatory blood pressure monitoring devices.
End-user Segment Analysis
On the basis of end-user, the global market is segregated into homecare, hospitals & clinics, and ambulatory surgical centers. The homecare segment is anticipated to expand at a substantial CAGR during the forecast period, due to the rising preference for home-based healthcare solutions. Blood pressure monitoring devices allow patients to monitor their blood pressure levels regularly in the comfort of their homes, thereby reducing unnecessary visits to hospitals. Additionally, the COVID-19 pandemic has accelerated the shift toward home-based healthcare services, which boosts the demand for blood pressure monitoring devices for home use.
Segments
The blood pressure monitoring devices market has been segmented on the basis of
Product
- Ambulatory Blood Pressure Monitors
- Transducers
- Instruments & Accessories
- Sphygmomanometer/Aneroid BP Monitors
- Automated/Digital Blood Pressure Monitors
- Others
End-user
- Homecare
- Hospitals & Clinics
- Ambulatory Surgical Centers
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Biotronik
- FUKUDA DENSHI
- General Electric Company
- Hill-rom Services, Inc
- iRhythm Technologies Inc
- Koninklijke Philips N.V
- Nihon Kohden Corporation
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd
- ZOLL Medical Corporation
Competitive Landscape
Key players competing in the global blood pressure monitoring devices market are Biotronik; FUKUDA DENSHI; General Electric Company; Hill-rom Services, Inc; iRhythm Technologies Inc; Koninklijke Philips N.V; Nihon Kohden Corporation; Shenzhen Mindray Bio-Medical Electronics Co., Ltd; and ZOLL Medical Corporation.
These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base worldwide. For instance,
-
On January 26, 2022, Koninklijke Philips N.V, a medical devices and solutions manufacturer, unveiled a 12-lead, at-home electrocardiogram (ECG) solution. This clinical-grade innovation marks a substantial leap forward in patient-centric ECG offerings within the company’s cardiac monitoring portfolio. It combines data readings comparable to clinical, site-based ECGs with Philips' cloud-based data collection and analysis services, enhancing convenience and accessibility for both patients and researchers.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Blood Pressure Monitoring Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Blood Pressure Monitoring Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Blood Pressure Monitoring Devices Market - Supply Chain
4.5. Global Blood Pressure Monitoring Devices Market Forecast
4.5.1. Blood Pressure Monitoring Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Blood Pressure Monitoring Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Blood Pressure Monitoring Devices Market Absolute $ Opportunity
5. Global Blood Pressure Monitoring Devices Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Blood Pressure Monitoring Devices Market Size and Volume Forecast by End Users
5.3.1. Homecare
5.3.2. Hospitals & Clinics
5.3.3. Ambulatory Surgical Centers
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Blood Pressure Monitoring Devices Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Blood Pressure Monitoring Devices Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Blood Pressure Monitoring Devices Demand Share Forecast, 2019-2026
7. North America Blood Pressure Monitoring Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Blood Pressure Monitoring Devices Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Blood Pressure Monitoring Devices Market Size and Volume Forecast by End Users
7.4.1. Homecare
7.4.2. Hospitals & Clinics
7.4.3. Ambulatory Surgical Centers
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Blood Pressure Monitoring Devices Demand Share Forecast, 2019-2026
8. Latin America Blood Pressure Monitoring Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Blood Pressure Monitoring Devices Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Blood Pressure Monitoring Devices Market Size and Volume Forecast by End Users
8.4.1. Homecare
8.4.2. Hospitals & Clinics
8.4.3. Ambulatory Surgical Centers
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Blood Pressure Monitoring Devices Demand Share Forecast, 2019-2026
9. Europe Blood Pressure Monitoring Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Blood Pressure Monitoring Devices Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Blood Pressure Monitoring Devices Market Size and Volume Forecast by End Users
9.4.1. Homecare
9.4.2. Hospitals & Clinics
9.4.3. Ambulatory Surgical Centers
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Blood Pressure Monitoring Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Blood Pressure Monitoring Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Blood Pressure Monitoring Devices Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Blood Pressure Monitoring Devices Market Size and Volume Forecast by End Users
10.4.1. Homecare
10.4.2. Hospitals & Clinics
10.4.3. Ambulatory Surgical Centers
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Blood Pressure Monitoring Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Blood Pressure Monitoring Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Blood Pressure Monitoring Devices Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Blood Pressure Monitoring Devices Market Size and Volume Forecast by End Users
11.4.1. Homecare
11.4.2. Hospitals & Clinics
11.4.3. Ambulatory Surgical Centers
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Blood Pressure Monitoring Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Blood Pressure Monitoring Devices Market: Market Share Analysis
12.2. Blood Pressure Monitoring Devices Distributors and Customers
12.3. Blood Pressure Monitoring Devices Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Biotronik
12.4.2. FUKUDA DENSHI
12.4.3. General Electric Company
12.4.4. Hill-rom Services, Inc
12.4.5. iRhythm Technologies Inc
12.4.6. Koninklijke Philips N.V
12.4.7. Nihon Kohden Corporation
12.4.8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd
12.4.9. ZOLL Medical Corporation
Methodology
Related Reports
Some other reports from this category!
Our Clients
