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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Blood Pressure Monitoring Devices Market: By Product Type, By Technology, By Modality, By End-User, and Geography
Blood Pressure Monitoring Devices Market: By Product Type, By Technology, By Modality, By End-User, and Geography
Blood Pressure Monitoring Devices Market size valued US$ 4371.79 million in 2022 and is poised to grow at a CAGR of 7.6% from 2023 to 2029. Blood pressure monitoring devices are the medical devices used to monitor the outpatient blood pressure. These devices comprise of measuring unit, an inflatable cuff, and a technique for inflation that might be either electronically operated pump or manually operated valve and bulb. Both manual and digital blood pressure monitors are used presently with more preciseness and convenience. Normal blood pressure of an active person is 120/80 and blood pressure is monitored in hypertension and hypotension. Sphygmomanometer is the most commonly used device to monitor the blood pressure. Increase in the prevalence of hypertension and other cardiovascular diseases, changes in lifestyle such as high consumption of alcohol and food, technological advancements in the devices, and increase in obese and geriatric population are anticipated to fuel the  over the forecast period. Moreover, increase in healthcare expenditure, increase in government initiations for preventing the hypertension, and rise in demand for portable devices are anticipated to bolster the blood pressure monitoring devices market. However, high cost of technologically advanced devices, stringent regulations for product approval, and product recalls are expected to hamper the growth of blood pressure monitoring devices.
Blood Pressure Monitoring Devices Market Key Developments:
Study Period
2024-2030Base Year
2023CAGR
7.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Major factors driving the global is change is lifestyle. According to the World Heart Federation, approximately 330 Mn people in developed countries and nearly 640 Mn individuals in developing countries are suffering from hypertension. Moreover, market players are focusing on the development of technologically advanced devices. For instance, in May 2017, iHealth launched voice-supported smart blood pressure monitor device. Furthermore, acquisitions and mergers between the market players is the key strategy adopted by market players for garnering larger market revenue share. For instance, in August 2017, Halma acquired Cardios to strengthen blood pressure monitoring devices portfolio in Brazil.
Geographically, global blood pressure monitoring devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is driven by innovation of technologically advanced devices, rise in demand for homecare blood pressure monitoring devices, and increase in incidence of hypertension and other cardiovascular diseases. Europe has a notable share owing to well-developed healthcare infrastructure, increase in prevalence of hypertension due to change in lifestyle, and high adoption of technologically advanced devices. Asia Pacific expected to exhibit significant growth rate owing to large patient pool coupled with increase in geriatric population, increase in prevalence of chronic diseases such as diabetes. Latin America is driven by expansion of business by market players, economic growth, and rise in awareness about digital blood pressure monitoring devices. Middle East and Africa is expected to account for significant share owing to adoption of newer devices, increase in prevalence of hypertension, and rise in healthcare expenditure in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 4371.79 million |
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Market CAGR |
7.6% |
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By Product Type |
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By Technology |
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By Modality |
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By End User |
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The key segments covered in the blood pressure monitoring devices market are: by product type, technology, modality, end-user and geography
The blood pressure monitoring devices market key players are: GE Healthcare (U.K.), Koninklijke Philips N.V. (Netherlands), Dragerwerk AG & Co. KGaA (Germany), Medtronic plc (U.K.), Welch Allyn, Inc. (U.S.), Halma plc (U.K.), iHealth Labs Inc. (U.S.)
The blood pressure monitoring devices market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.