Digital Blood Pressure Monitors Market Share & Growth [2031]

Report Description

The global digital blood pressure monitors market size was USD 1.35 Billion in 2022 and is likely to reach USD 2.75 Billion by 2031, expanding at a CAGR of 10.7% during 2023–2031. The market growth is attributed to the increasing incidence of cardiovascular diseases and the growing demand for ambulatory blood pressure monitoring devices.

Increasing occurrence of heart disease is expected to propel the digital blood pressure monitors market, as people are becoming aware of ways to efficiently manage blood pressure using digital solutions. Among the global population, heart attacks are increasing, due to obesity and high blood pressure at younger ages. Growing concerns about heart health are creating the need for keeping a tab on blood pressure 24/7. Digital blood pressure monitoring devices can be used in home care settings without the need for assistance, which is majorly boosting their demand.

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• According to the 2023 update published by American Heart Association, cardiovascular disease-related life loss surged from 874,613 in 2019 to 928,741 in 2020, the biggest annual increase since 2015. The number of deaths exceeded the earlier high of 910,000 in 2003.

Digital blood pressure monitors are convenient with accurate and relatively faster blood pressure readings. These devices come in wearable forms that individuals can wear as a watch. It works by detecting the vibration of blood flowing throughout the arteries in the wrist and then covert it into a number indicating blood pressure.

Ambulatory blood pressure monitoring (ABPM) aids to measure blood pressure continuously for 24 hours owing to this, it has higher demand from consumers. ABPM device is an incredibly useful clinical tool for blood pressure monitoring.  It is available as arm-based or wrist-based, with unique user-friendly features for ease of accessibility.

The market report finds that the COVID-19 pandemic affected the digital blood pressure monitors market, due to the disruption of the supply chain. Strict regulations imposed by governments all over the world to limit the spread of the virus, limited the growth of the market, as there was a decline in production activities. However, during the pandemic, the sales of digital blood pressure monitors witnessed positive growth, as they can also be used at home.

Impact of Artificial Intelligence on Digital Blood Pressure Monitors Market

Artificial Intelligence technology is expected to boost the digital blood pressure monitor market in the coming years. In particular, AI-based systems can help to continuously monitor blood pressure using wearable technologies. Blood pressure is evaluated from a photoplethysmograph (PPG) signal attained from a smartwatch or smartphone using deep learning. AI applications allow tailored medicine and personalized treatment for every patient. The growing preference for advanced medical devices and wearables is likely to support vastly for the market growth with AI technology in the coming years.

Digital Blood Pressure Monitors Market Dynamics

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Major Drivers

Rising geriatric population coupled with the increasing incidence of hypertension is expected to boost the digital blood pressure monitors market. High blood pressure is also called hypertension and it affects the body’s arteries. Higher blood pressure fuels the risk of several health problems such as heart disease, and stroke. Diabetes and obesity also increase the risk of developing high blood pressure and it can also occur during pregnancy. The aging population has a higher need for digital blood pressure monitors, as blood pressure increases as people get older.

• According to the Centers for Disease Control and Prevention (CDC), in 2021, hypertension was a primary cause of around 691,095 deaths in the US. Approximately half of the adults who have hypertension (around 48.1% or 119.9 million) are consuming various medications for managing blood pressure.

Existing Restraints

High spread of fake and cheaper cost alternative products is expected to hamper the digital blood pressure monitors market. Small companies or local vendors offer a wide range of blood pressure monitoring systems, which are similar in design and technology. Fake products are designed, packaged, and sold as original products, which are affecting the brand image of vendors. This factor is likely to hamper the digital blood pressure monitors market during the forecast period.

Emerging Opportunities

Rising technological advancements through research & development activities for the development of convenient digital blood pressure monitoring solutions are expected to create lucrative opportunities for the market players. Increasing adoption of mobile health solutions, owing to the growing urbanization in several developed and developing countries around the world is also likely to support the market in the coming years.

• On February 3, 2022, InBody, a Korean company that manufactures and sells body composition analyzers, introduced a new BP 170 automatic blood pressure monitor. This BP monitor provides individuals with the possibility of self-recorded and tracking health metrics at home.

Scope of the Digital Blood Pressure Monitors Report

The global digital blood pressure monitors market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Type Segment Analysis

Based on type, the global digital blood pressure monitors market is classified as detached type and integrated type. The integrated type segment is expected to expand at a significant growth rate during the projection period, as it efficiently manages hypertension. Integrated blood pressure monitors offer convenience and are easy to use, however, their accuracy and reliability can vary. It is designed to provide an easy way for individuals to track their BP regularly, especially for those with hypertension or other cardiovascular conditions.

Product Type Segment Analysis

On the basis of product type, the global market is segregated into ambulatory blood pressure monitors, aneroid BP monitor/sphygmomanometer, transducers, digital/automated blood pressure monitors, and blood pressure cuffs. The transducers segment is further divided into reusable and disposable. The digital/automated blood pressure monitor segment is further divided into wrist, arm, and finger. The blood pressure cuffs segment is further divided into reusable and disposable.

The ambulatory blood pressure monitors (ABPM) segment is expected to expand at a substantial growth rate during the forecast period, as it helps individuals with hypertension to receive the appropriate care on time and reduces heart disease risk. With unique user-friendly features for ease of accessibility, ABPM devices are available as arm-based or wrist-based solutions, which increases their demand. Several companies are designing and manufacturing ambulatory blood pressure monitoring systems with advanced features that provide to the requirements of physicians and patients in effectively tracking blood pressure changes.    

• In August 2022, CardiAI Inc, launched an ambulatory blood pressure monitoring system. This system is a compact, self-monitoring BP device, and portable. It uses Bluetooth connectivity for wireless data collection that is uploaded to a secure cloud database. This is clinically authorized for accuracy and received approval from the Food and Drug Administration (FDA)

The aneroid BP monitor/sphygmomanometer is projected to register a considerable CAGR during the forecast period, due to the increasing technological advancements coupled with product launches. The demand for sphygmomanometers is increasing, due to the benefits such as ease of use, more accuracy, and user-friendliness. There is significant adoption of sphygmomanometers among healthcare professionals and individuals, which also supports segment growth.

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End-user Segment Analysis

Based on end-user, the global digital blood pressure monitors market is classified into hospitals, clinics, ambulatory surgery centers, and home care. The home care segment is expected to register a robust growth rate during the forecast period, as it saves patients money and time.

The segment growth is further attributed to the increasing awareness about heart-related diseases and the rising prevalence of cardiovascular diseases in developed countries. In addition, the inclination of geriatrics towards independent living is expected to boost the segment in the market.

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Distribution Channel Segment Analysis

Based on distribution channels, the global market is segregated into retail pharmacies, hospital pharmacies, online stores, and others. The online stores segment is expected to expand significantly during the projection period, owing to the convenience and ease of purchasing the products. Numerous individuals are inclined towards the use of online platforms, owing to the large number of products available on online platforms, which helps consumers in selecting products as per their budget and feature requirements.

Regional Outlook

In terms of region, the global digital blood pressure monitors market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the high prevalence of high blood pressure disorders and the large number of patients with chronic diseases such as strokes, cardiovascular disease, and arrhythmia.

Increasing investments in the development of accurate and effective blood pressure monitors are expected to further boost the market in the region. Several manufacturers are focusing on developing new products with technological advancements for automating the measuring of blood pressure accurately for patient convenience, which is likely to further support the market in the region.

• In February 2020, Hillrom, a global medical technology firm launched the new Welch Allyn Spot Vital Signs 4400 Device. It is a user-friendly new-generation vital signs device, which is ideal for ambulatory and emergency care departments.

The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to the increasing awareness levels, rising investments through government initiatives, and growing incidences of hypertension. The regional market is further fueled by the rapidly developing healthcare amenities and the increasing number of undiagnosed cases of high blood pressure.

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