Blood Pressure Monitoring Devices Market is expected to reach US$ 5,346.65 million by 2030

Publisher: The Insight Partners

Digital Blood Pressure Monitors Segment Holds Significant Share of Blood Pressure Monitoring Devices Market During 2022–2030

According to our latest study on "Blood Pressure Monitoring Devices Market Forecast to 2030 – Global Analysis – Product, Type, and End User," the market is expected to reach US$ 5,346.65 million by 2030 from US$ 2,387.21 million in 2022; the market is estimated to record a CAGR of 10.6% during 2022–2030. The report highlights the key factors driving the blood pressure monitoring devices market and prominent players with their developments. An increase in the incidence of cardiovascular diseases and an upsurge in the geriatric population are the key factors driving the market growth. However, the risk of associated cybersecurity vulnerabilities hampers the market growth.

Blood pressure monitoring devices determine hypertension in a patient’s body. Blood pressure is one of the major risk factors for strokes and chronic heart diseases, which are the principal cause of death around the world. In the last several years, there has been a surge in the use of blood pressure monitoring devices in home care settings. In addition, rising geriatric population, lifestyle changes, and technological advancements are among other notable growth enablers in the blood pressure monitoring market. These devices facilitate the early diagnosis of a patient’s deteriorating health condition. Moreover, advanced blood pressure monitoring devices developed for personal use help track patients’ health conditions remotely.

A rise in government initiatives in preventive health care programs is a significant factor propelling the blood pressure monitoring devices market. Several governments have launched multiple initiatives to prevent hypertension. The "Million Hearts" is an initiative led by the US Department of Health and Human Services, co-led by the Centers for Disease Control and Prevention (CDC) and Centers for Medicare and Medicaid Services. The committee aligns and coordinates its activities to achieve hypertension control rates of more than 70% by implementing electronic health records, innovations in health information technology, and facilitating patient communication. India Hypertension Control Initiative (ICHI) is a multi-partner initiative for implementing and scaling up a public health hypertension control program across India.

Based on product, the blood pressure monitoring devices market is segmented into mercury columns, aneroid blood pressure monitors, and digital blood pressure monitors. In 2022, the digital blood pressure segment held a significant market share, and the same segment is estimated to register the fastest CAGR during 2022–2030. Digital blood pressure measuring devices are developed with excellence, and they are among the best blood pressure machines that deliver precise and accurate blood pressure and pulse readings. Digital monitors are preferred for measuring blood pressure. They are often easier to use than aneroid units. Digital monitors have a stethoscope and a gauge in a single unit, along with an error indicator.

Based on type, the blood pressure monitoring devices market is segmented into arm, wrist, finger, and others. In 2022, the arm segment held the largest share of the market and the same segment is estimated to register the fastest CAGR during 2022–2030. The finger-based blood pressure monitoring technology is similar to pulse oximetry, as it uses light that bounces off of the user’s finger to measure blood flow using a photoplethysmogram (PPG), which is interpreted with different algorithms. In May 2023, engineers at the University of California San Diego developed a simple, low-cost clip that uses a smartphone's camera and flash to monitor blood pressure at the user’s fingertip.

Based on end user, the blood pressure monitoring devices market is segmented into hospitals and clinics, home care settings, ambulatory surgical centers, and others. In 2022, the hospitals and clinics segment held a significant share of the market. The home care settings segment is estimated to register the fastest CAGR during 2022–2030. Hospitals and clinics are the primary healthcare providers in most countries. The American Heart Association, Inc. report states that the frequency of rhythm abnormalities in middle-aged to older adults is substantial. Atrial fibrillation, bradyarrhythmia, and conduction system diseases account for the majority of abnormal rhythm conditions. For example, cardiac arrhythmias affect at least 2.3 million people in the US, resulting in an increased risk of stroke and mortality. Additionally, 90,000 cases of supraventricular tachycardia are detected annually in the country, accounting for 25% of all emergency department visits for supraventricular tachycardia. An NCBI report states that 2,020 (36.1%) out of 5,585 hospital admissions for cardiac arrhythmias had concurrent arrhythmias. Thus, the rising number of multispecialty hospitals and people’s preference for hospitals and clinics over other healthcare facilities support the growth of the blood pressure monitoring devices market for this segment.

Omron Healthcare Welch Allyn, Inc., A&D Medical Inc., SunTech Medical, Inc., American Diagnostics Corp., Withings, GE Healthcare, Microlife AG, GF Health Products, Inc., Spacelabs Healthcare, and Baxter are among the leading companies operating in the blood pressure monitoring devices market.

The Report Segments the Blood Pressure Monitoring Devices Market as Follows:

The blood pressure monitoring devices market, by product, is segmented into mercury columns, aneroid blood pressure monitors, and digital blood pressure monitors. In 2022, the digital blood pressure monitors segment held the largest market share, and the same segment is estimated to register the fastest CAGR during 2022–2030. Based on type, the blood pressure monitoring devices market is segmented into arm, wrist, finger, and others. In 2022, the arm monitors segment held the largest market share. It is further estimated to register the highest CAGR of during 2022–2030. In terms of end user, the blood pressure monitoring devices market is segmented into hospitals and clinics, home care settings, ambulatory surgical centers, and others. The hospitals and clinics segment accounted for the largest share of the market in 2022 and home care settings segment is further estimated to register the highest CAGR in the market during 2022-2030. Based on geography, the blood pressure monitoring devices market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).    

Contact Us
Contact Us: The Insight Partners 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com