Global Blood Pressure Monitoring Devices Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Aneroid BP Monitors, Digital BP Monitors, Instrument Accessories & Ambulatory BP Monitors), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Setting, & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

The blood pressure monitoring devices market was valued at USD 3.21 billion in 2021 and is projected to reach USD 4.88 billion by 2030, at a CAGR of 5.7%. Blood pressure monitor is used to measure blood pressure of the human body. It comprises of a monitoring device that gauges the pressure inside the inflatable cuff, which is wrapped around the arm and placed roughly at a level with the heart. Systolic and diastolic pressures are measured by the monitor. Devices that measure blood pressure are used to determine whether a patient has hypertension. It is one of the major risk factors for chronic heart conditions and strokes, the two greatest killers worldwide. The development of advanced technologies and the growing importance of blood pressure monitoring equipment in home care settings.

In addition, the ageing population, changing lifestyles, and the advent of cutting-edge technologies are the primary market drivers of blood pressure monitoring. In the upcoming years, the demand for blood pressure monitoring devices is anticipated to rise because of their ability to aid in the early diagnosis of a patient's worsening health. Additionally, sophisticated blood pressure monitoring equipment is available for nowadays for household utility and can be used to track a patient's health remotely.

COVID-19 ANALYSIS

The COVID-19 has accelerated the demand of the blood pressure monitoring devices market. As a result of the COVID-19 pandemic and the growing number of COVID-19 patients, there has been a significant burden on healthcare systems all over the world. In addition, a lot of people favored at-home monitoring due to the rising risk of viral transmission. Therefore, these factors significantly affected the development of the market. Home blood pressure monitoring systems were becoming more popular even before the pandemic, but the demand grew significantly once it started.

TREND

Surging Demand of Bluetooth & Wi-Fi Enabled BPM Devices Will Propel the Growth of BPM Devices

The blood pressure monitor devices based on Bluetooth connectivity because Wi-Fi based devices are yet relatively unknown. Bluetooth functionality is offered to allow the patient to benefit from real-time health monitoring, accessibility, illness and health management. With rapid feedback on the device and a complete history in the app, a Wi-Fi-based blood pressure monitor offers medically accurate and trustworthy measurements of blood pressure and heart rate. It can also be connected to various health programmes.

DRIVERS

Rising Cases of Hypertension Among Millennials to Boost Sales

The increasing number of millennials worldwide is anticipated to increase consumer demand for blood pressure monitoring devices by increasing the prevalence of hypertension. The prevalence of hypertension is rising, which has increased need for affordable, quick, and accurate diagnostic methods. One of the vital sign monitors of life is the blood pressure cuff. The reason for the quick growth in business scale is the affordable and precise outcomes these indicators provide.

Increasing Prevalence of Cardiovascular Diseases to Promote Growth

The need for global blood pressure monitoring devices is being driven by the rising elderly population and the prevalence of cardiovascular illnesses. According to WHO, its estimated around 17.9 million people are leading to death each year due to cardiovascular diseases.

RESTRAINT

Limited Awareness of Advanced Technologies Based BPM Devices Hampering the Market Growth

The limited awareness of advanced technology-based blood pressure monitoring devices across population is hampering the market growth of the global blood pressure monitoring devices market. The lack of precision compared to conventional devices and concerns with interoperability with other devices are anticipated to restrain the market's expansion for global blood pressure monitoring devices monitors.

SEGMENTATION INSIGHTS

Based on the product type, the market is categorized into aneroid bp monitors, digital bp monitors, instrument accessories & ambulatory bp monitors. Based on end user, the market is categorized into hospitals, clinics, ambulatory surgical centers, homecare setting & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

REGIONAL INSIGHTS

The global blood pressure monitoring devices market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

North America is expected to dominate the market share of global blood pressure monitoring devices market owing to prevalence of hypertension, a rise in patient awareness of these devices that are affordable, and the availability of cutting-edge medical facilities in North American nations. healthcare system is well developed and regulated. In the forthcoming years, rising investments in the creation of precise and efficient blood pressure monitoring devices are anticipated to support regional market expansion. Furthermore, the market for blood pressure monitoring devices is anticipated to grow because of new product releases and technological developments.

However, Asia-Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The market is driven by the huge population, increasing disposable income, and rising patient knowledge of cutting-edge blood pressure monitoring gadgets. The primary drivers of the regional market growth are the expanding number of undiagnosed and untreated cases of high blood pressure and the quickly evolving healthcare infrastructure.

LIST OF KEY COMPANIES PROFILED:

· A&D Company, Limited

· American Diagnostic Corporation

· Contec

· General Electric Company

· Halma plc

· Hillrom Services, Inc.

· HoMedics

· iProven

· Masimo

· MOCACARE

· Nihon Kohden Corporation

· OMRON Healthcare, Inc.

· Smith & Nephew Plc.

· Walgreen Co.

· Others

KEY INDUSTRY DEVELOPMENTS:

January 2021- Omron Healthcare unveiled its first remote patient monitoring service along with new digital health technologies to improve patient-physician interaction and enable more proactive hypertension control.

SEGMENTATION

By Product Type

• Aneroid BP Monitors
• Digital BP Monitors
• Instrument Accessories
• Ambulatory BP Monitors

By End User

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Homecare Setting
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa