According to the report, the global blood pressure monitoring devices market was valued at US$ 1.5 Bn in 2020 and is anticipated to expand at a CAGR of 9.2% from 2021 to 2030.
According to the report, the global blood pressure monitoring devices market was valued at US$ 1.5 Bn in 2020 and is anticipated to expand at a CAGR of 9.2% from 2021 to 2030
Homecare Settings Gain Considerable Traction During COVID-19 Pandemic
The COVID-19 pandemic has led to extensive strain on the healthcare facilities around the world due to the rising number of COVID-19 patients. In addition, the growing threat of virus transmission has resulted in many people preferring at-home monitoring. Thus, these aspects will have a profound impact on the growth of the blood pressure monitoring devices market. Even before the pandemic, home blood pressure monitoring devices were gaining momentum but with the onset of the pandemic, the demand increased substantially.
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In addition, self-monitoring has emerged as a convenient option for improving BP control. The American Heart Association suggests that blood pressure should be monitored at least twice daily. Thus, these factors are encouraging many individuals to undertake self-monitoring with the help of home blood pressure monitoring devices. The patients send the monitoring data to their concerned physician and the treatment is provided accordingly.
Growing Prevalence of Hypertension, Cardiac Arrest, Diabetes to Boost Product Demand
According to the World Health Organization (WHO), nearly 1.28 Bn adults between 30 and 79 years around the world have hypertension. Around 46% of adults having hypertension are unaware that they have the condition. Thus, early diagnosis is necessary for decreasing the cases of hypertension. For this, blood pressure monitoring devices are essential. Furthermore, one of the global targets for non-communicable diseases is to decrease the prevalence of hypertension by 33%. Therefore, all these factors help in developing the overall growth structure of the blood pressure monitoring devices market.
Diabetes is also increasing at a rapid pace. In 2019, more than 1.4 Mn deaths were directly reported due to diabetes as per the data by the WHO. In order to reduce the fatality rate, frequent monitoring is necessary. Therefore, these factors will bring tremendous growth opportunities for the blood pressure monitoring devices market.
Consistent Requirement of Disposable Blood Pressure Transducers in ICUs, Operating Rooms Increases Growth Prospects
The demand for disposable blood pressure transducers is expanding at a rapid rate. These transducers are used for relaying information from a blood pressure monitoring catheter to a patient’s monitoring system. Benefits such as robust structural integrity, air-ingress safety, and extensive reliability provide promising opportunities for increasing the demand for disposable blood pressure transducers.
Additional features in blood pressure monitoring devices to add value to growth structure.
With expansive technological developments across the blood pressure monitoring devices market, many features are being added in the monitors. Features such as heart rhythm monitoring, color codes for showing the need for monitoring, and Bluetooth bring considerable growth opportunities.
For instance, the LifeSource blood pressure monitor has a cuff that extends from 16.5-23 inches for the ones with larger arms. Hence, such features offer profitable growth opportunities to the blood pressure monitoring devices market.
Analysts’ Viewpoint
The blood pressure monitoring devices market is expected to record a CAGR of 9.2% during the forecast period. The growing demand for home blood pressure monitoring devices due to the COVID-19 pandemic will present promising growth opportunities. Furthermore, the rising demand for disposable blood pressure transducers will also lead to exponential growth. Manufacturers in the blood pressure monitoring devices market should focus on research and development activities for adding new features. Mergers and acquisitions should also be te key focus area of players for expanding their influence across the blood pressure monitoring devices market.
Blood Pressure Monitoring Devices Market: Overview
According to Transparency Market Research’s latest research report on the global blood pressure monitoring devices market for the historical period 2017–2019 and the forecast period 2021–2031, increase in incidence & prevalence of hypertension & blood pressure and rise in popularity of self-monitoring of blood pressure at home are projected to drive the global blood pressure monitoring devices market in the near future
Increase in Incidence, Prevalence of Hypertension, Blood Pressure: Key Driver
Hypertension is one of the major causes of death globally and is considered a highly common disorder escalating across the world
Changes in lifestyle along with poor diet, lack of physical activity, alcohol consumption, and mental stress lead to a rise in blood pressure at an early stage, which drives the need of blood pressure diagnostic devices
Recent statistics conducted by CDC indicate that high blood pressure was one of the primary causes of death in the U.S., with over 494,873 deaths in 2018
According to a survey conducted by WHO, an estimated 1.13 billion people globally have hypertension; most (two-thirds) live in low- and middle-income countries
High blood pressure costs the U.S. about US$ 131 Bn each year, averaged over 12 years from 2003 to 2014
Globally, about one third of the adults had hypertension in 2010, and only 13.8% had blood pressure under control
Miniaturization of Blood Pressure Monitoring Instruments: Major Driver
Technological advancements in wearable diagnostic medical devices have led to a rise in adoption rate among the population
Wrist-type blood pressure monitors are easy and user-friendly tools for blood pressure measurement due to their small size and comprehensive technology
Blood pressure monitor manufacturers emphasize on R&D of new devices and on the design and manufacture of compact instruments. Rise in consumers of automatic blood pressure monitors and the trend of self-monitoring drive the market for small and handy devices.
Rise in Government Initiatives in Preventive Healthcare Programs: Major Driver
Several governments have launched a number of initiatives to prevent heart attack and hypertension. The India Hypertension Control Initiative (IHCI) is a multi-partner initiative, implementing and scaling up a public health hypertension control program across India.
According to CDC, 1 in every 3 adult citizens in the U.S. suffers from hypertension, which is considered the second leading risk factor for disability and premature deaths. Medication and lifestyle changes are effective and affordable; however, the overall rate of blood pressure control remains suboptimal.
“Million Hearts” is an initiative led by the U.S. Department of Health and Human Services, co-led by CDC and the Centers for Medicare and Medicaid Services. The committee aligns & coordinates its activities to achieve hypertension control rates above 70% through electronic health records, innovations in health information technology, and patient communication.
Blood Pressure Monitoring Devices Market: Competition Landscape
This report profiles major players operating in the global blood pressure monitoring devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global blood pressure monitoring devices market is moderately fragmented, with the presence of a large number of leading players in the global market and several small players in regional markets. Top players hold a major share of the global blood pressure monitoring devices market.
Prominent players operating in the global blood pressure monitoring devices market include
- Omron Healthcare, Inc.
- Celularity, Inc.
- Koninklijke Philips N.V
- GE Healthcare (General Electric Company)
- Welch Allyn, Inc. (Hill-Rom Holdings, Inc.)
- Schiller AG
- American Diagnostic Corporation
- SPENGLER
- Spacelabs Healthcare
- Withings SA
- SunTech Medical, Inc. (Halmaplc)
- A&D Medical
The report on the global blood pressure monitoring devices market discusses individual strategies, followed by company profiles of providers of rubber gloves. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global blood pressure monitoring devices market.
Key Questions Answered in Blood Pressure Monitoring Devices Market Report
- What is the sales/revenue generated by blood pressure monitoring devices across all regions during the forecast period?
- What are the opportunities in the global blood pressure monitoring devices market?
- What are the major drivers, restraints, opportunities, and threats in the market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which device segment is expected to generate the highest revenue globally in 2031? Which segment is projected to expand at the highest CAGR during the forecast period?
- What are the market positions of different companies operating in the global market?
Blood Pressure Monitoring Devices Market – Segmentation
Device
- Sphygmomanometers
- Mercury Sphygmomanometers
- Aneroid Sphygmomanometers
- Digital Sphygmomanometers
- Automatic Blood Pressure Monitors
- Ambulatory Blood Pressure Monitors
- Blood Pressure Transducers
End-user
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Homecare Settings
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
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