Blood Pressure Monitoring Devices Market

Blood Pressure Monitoring Devices Market By Product Type (Sphygmomanometers, Advanced Ambulatory Blood Pressure Monitoring, Automatic Blood Pressure Monitor, Professional Office Blood Pressure Monitor, And Others), By End-User (Hospitals, Ambulatory Surgical Centers, Home-Care Settings, And Others), and by geography is expected to grow at a steady CAGR forecast till 2027 owing to the increasing prevalence of hypertension and the surge in geriatric population

 

The global blood pressure monitoring devices market was valued at USD 1.04 billion in 2021, growing at a CAGR of 10.68% during the forecast period from 2022 to 2027 to reach USD 2.10 billion by 2027. The blood pressure monitoring devices market is witnessing a positive growth owing to various factors such as the increasing prevalence of hypertension, the surge in geriatric population, the increasing prevalence of cardiovascular disease, and technological advancements in the product offerings. Therefore, the market for blood pressure monitoring devices is estimated to grow during the forecast period from 2022 to 2027.

Blood Pressure Monitoring Devices Market Dynamics:

One of the main drivers of the blood pressure monitoring devices market is the increasing prevalence of hypertension. For instance, according to the data published by World Health Organization (WHO) in August 2021, hypertension affects an estimated 1.28 billion persons aged 30 to 79 globally in the last thirty years. Therefore, blood pressure monitoring devices are used to measure and manage blood pressure in people suffering from hypertension, this increases the demand for blood pressure monitoring devices, driving the blood pressure monitoring device's overall market growth during the forecast period (2022-2027).

 

Moreover, another key factor that is responsible for the growth of the blood pressure monitoring devices market is the surge in geriatric population. According to the WHO data published in October 2021, it was estimated that between the years 2015-2050 the number of individuals aged 60 and beyond will get doubled from 12-22% and will reach 2.1 billion by 2050. In addition, by 2030, one out of every six people in the world will age 60 years or above. The number of people aged 80 years or above is expected to get triple between 2020 and 2050 to reach 426 million population, as age increases the chances of suffering from cardiovascular diseases such as heart attack, congenital heart disease, coronary artery diseases, Aorta disease, and others also increases. Therefore, the rising geriatric population increases the demand for blood pressure monitoring devices, driving the market growth.

 

Therefore, the increasing prevalence of hypertension and the rising geriatric population increases the demand for blood pressure monitoring devices, which will surge the growth of the overall blood pressure monitoring devices market during the forecast period from 2022-to 2027.  

 

However, blood pressure monitors are sensitive to body position and do not give accurate readings, this can hamper the global blood pressure monitoring devices market growth

 

Additionally, the ongoing COVID-19 pandemic has significantly impacted the blood pressure monitoring devices market. There was a nationwide lockdown in almost every country, movement restrictions for non-essential goods, and unavailability of the workforce at the production sites hampered the manufacturing rate of blood pressure monitoring devices but COVID-19 increased the level of stress in people which could result in high blood pressure or hypertension as well as people with high blood pressure might be at greater risk for severe illness and death associated with COVID-19. Therefore, the COVID pandemic had significantly boosted the blood pressure monitoring devices market as the device is used for monitoring the blood pressure in COVID patients. As the masses are vaccinated, relaxation in lockdown restrictions and resumption of supply chains, logistics, and manufacturing units, the blood pressure monitoring devices can be expected to further grow during the forecast period.

Blood Pressure Monitoring Devices Market Segment Analysis:

Blood Pressure Monitoring Devices Market by Product Type (Sphygmomanometers, Advanced Ambulatory Blood Pressure Monitoring, Automatic Blood Pressure Monitor, Professional Office Blood Pressure Monitor, and Others), End-User (Hospitals, Ambulatory Surgical Centers, Home-Care Settings, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

 

In the by-product type segment of the blood pressure monitoring devices market, advanced ambulatory blood pressure monitoring is expected to hold a significant revenue share in the year 2021. The key attributes driving the growth of the advanced ambulatory blood pressure monitoring devices market includes, ability to measure blood pressure continuously while the patient is sleeping, it eliminates interobserver variability, it monitor and collects blood pressure data which help to analyze the patient's overall state, and provides additional information about how changes in blood pressure may correlate with the patient's daily activities as well as sleep patterns.

 

Therefore, the benefits associated with advanced ambulatory blood pressure monitoring devices can increase the demand for blood pressure monitoring devices which could drive the growth of the overall global blood pressure monitoring devices market during the forecast period. However, technological advancement in the products and various strategic partnership between the market players is also driving the market growth.

 

For instance, In May 2021, Biobeat, a global pioneer in wearable remote patient monitoring solutions for the healthcare continuum, announced the launch of its new wearable and continuous ambulatory blood pressure monitoring (ABPM) device.

 

Therefore, such type of development activities in advanced ambulatory blood pressure monitoring devices in the product type segment would result in the rising demand for blood pressure monitoring devices which in turn would provide a conductive growth for the overall blood pressure monitoring devices market during the forecast 2022-2027.

North America is expected to dominate the overall Blood Pressure Monitoring Devices Market:

Among all the regions, North America is expected to dominate the global blood pressure monitoring devices market in the year 2021 and is expected to do the same during the forecast period from 2022 to 2027. Factors such as the increasing prevalence of cardiovascular disease and technological advancements in the product offerings are expected to increase the demand for blood pressure monitoring devices in the North America market.

 

According per the latest data from the Centers for Disease Control and Prevention (CDC) 2022, heart disease kills over 659,000 individuals each year in the United States, accounting for one out of every four fatalities. According to the above mentioned source, in 2019, in the United states, 360,900 people died as a result of coronary heart disease, the most prevalent kind of heart disease. and around 18.2 million persons aged 20 and up were affected (about 6.7%) from the disease. Thus, the increasing prevalence of cardiovascular diseases will increase the demand for blood pressure monitoring devices, as they are used to monitor & manage blood pressure which could help to maintain heart health and reduces the rate of cardiovascular diseases. This increases the demand for blood pressure monitoring devices, which will drive the overall blood pressure monitoring device overall market forward over the forecast period (2022-2027).

 

Furthermore, another factor that is responsible for the growth of blood pressure monitoring devices market is the technological advancements in the blood pressure monitoring devices such as in automated blood pressure monitoring devices, it automatically collects 100 times more blood pressure data than previous monitors while also providing ten times more engagement. For instance, in January 2022, Aktiia, a swiss company announced plans to launch its automated 24/7 blood pressure monitor in the US.

 

Further, in January 2019, Omron Healthcare, personal heart health, and wellness technology firm, launched a wearable blood pressure monitoring device, HeartGuide, in the United States. Moreover, technological advancements in the product offerings of blood pressure monitoring devices will enhance the blood pressure monitoring devices demand, propelling the growth of blood pressure monitoring devices overall market.

 

Therefore, due to interplay of the various factors mentioned above, there will be high demand of blood pressure monitoring devices in the region, which would provide a conducive growth environment for the North American region in the blood pressure monitoring devices market.

Blood Pressure Monitoring Devices Market Key Players:

Some of the key market players operating in the Blood pressure monitoring devices market include Koninklijke Philips N.V, General Electric Company, A&D Company, Hill-Rom Services Inc, American Diagnostic Corporation, Withings,  Spacelabs Healthcare, Braun Healthcare, GF HEALTH PRODUCTS INC, Microlife Corporation, Rossmax International Ltd, OMRON Healthcare Inc, SCHILLER AG, Contec, Spengler, ICU Medical Inc, B. Braun Melsungen AG, Biobeat, Aktiia SA, Caretaker LLC and among others.

Recent Developmental Activities in the Blood Pressure Monitoring Devices:

  • In January 2022, ICU Medical Inc, a San Clemente, California-based company with global operations that develops, manufactures, and sells medical technologies used in vascular therapy, oncology, and critical care, announced that it has completed the acquisition of Smiths Medical, a leading global provider of medical devices, from Smiths Group plc. The Smiths Medical business includes syringe and ambulatory infusion devices, vascular access, and vital care products.
  • In November 2021, Aktiia, a swiss company, whose cuffless blood pressure monitor have been following for years, gained the CE Mark as a Class IIa medical device in Europe, and is now available for pre-order in the UK through the Aktiia website.
  • In September 2021, Caretaker Medical, MedTech Innovator, landed FDA clearance for its blood pressure and hemodynamic patient monitoring system VitalStream. The technology employs a low-pressure finger sensor and a wrist-worn device to constantly and noninvasively monitor a patient's blood pressure. The instrument may conduct "spot-check" tests remotely using artificial intelligence to gather blood pressure and hemodynamic data.

Key Takeaways from the Blood Pressure Monitoring Devices Market Report Study

  • Market size analysis for current blood pressure monitoring devices market (2021), and market forecast for 5 years (2022-2027)
  • The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the blood pressure monitoring devices market
  • Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years
  • Key companies dominating the global blood pressure monitoring devices
  • Various opportunities are available for the other competitor in the blood pressure monitoring devices market space.
  • What are the top-performing segments in 2021? How these segments will perform in 2027.
  • Which are the top-performing regions and countries in the current blood pressure monitoring devices market scenario?
  • Which are the regions and countries where companies should have concentrated on opportunities for blood pressure monitoring devices market growth in the coming future?

Target Audience who can be benefited from this Blood Pressure Monitoring Devices Market Report Study

  • Blood pressure monitoring devices providers
  • Research organizations and consulting companies
  • Blood pressure monitoring devices-related organizations, associations, forums, and other alliances
  • Government and corporate offices
  • Start-up companies, venture capitalists, and private equity firms
  • Distributors and traders dealing in blood pressure monitoring devices
  • Various end-users who want to know more about the blood pressure monitoring devices market and latest technological developments in the blood pressure monitoring devices

Frequently Asked Questions for Blood Pressure Monitoring Devices:

1. What are Blood Pressure Monitoring Devices?

Blood pressure monitoring devices are used to measure blood pressure. They give a critical baseline for blood pressure, which may be used to evaluate the risk of developing hypertension or other chronic conditions.

 

2. What is the market for Global Blood Pressure Monitoring Devices?

The global blood pressure monitoring devices market was valued at USD 1.04 billion in 2021, growing at a CAGR of 10.68% during the forecast period from 2022 to 2027 to reach USD 2.10 billion by 2027.

 

3. What are the drivers for the Global Blood Pressure Monitoring Devices market?

The blood pressure monitoring devices market is witnessing a positive market growth owing to the factors such as the increasing prevalence of hypertension, the surge in geriatric population, the increasing prevalence of cardiovascular diseases, and technological advancements in the product offerings.

 

4. Who are the key players operating in the Blood Pressure Monitoring Devices market?

Some of the key market players operating in the blood pressure monitoring devices market include Koninklijke Philips N.V, General Electric Company, A&D Company, Hill-Rom Services Inc, American Diagnostic Corporation, Withings, Spacelabs Healthcare, Braun Healthcare, GF HEALTH PRODUCTS INC, Microlife Corporation, Rossmax International Ltd, OMRON Healthcare Inc, SCHILLER AG, Contec, Spengler, ICU Medical Inc, B. Braun Melsungen AG, Biobeat, Aktiia SA, Caretaker LLC, and among others.

 

5. Which region has the highest share in Blood Pressure Monitoring Devices Market?

North America is expected to dominate the global blood pressure monitoring devices market. Factors contributing to the growth of blood pressure monitoring devices market in the North America region are the increasing prevalence of cardiovascular disease and technological advancements in the product offerings

1. Blood Pressure Monitoring Devices Market Report Introduction

2. Blood Pressure Monitoring Devices Market Executive Summary

2.1. Scope of the Study

2.2. Market at Glance

2.3. Competitive Assessment

2.4. Financial Benchmarking

3. Regulatory Analysis

3.1. The US

3.2. Europe

3.3. Japan

3.4. China

4. Blood Pressure Monitoring Devices Market Key Factors Analysis

4.1. Blood Pressure Monitoring Devices Market Drivers

4.1.1. The Increasing Prevalence of Hypertension

4.1.2. The surge in Geriatric Population

4.1.3. The Increasing Prevalence of Cardiovascular Diseases

4.1.4. Technological Advancements in the Product Offerings

4.2. Blood Pressure Monitoring Devices Market Restraints And Challenges

4.2.1. Sensitive to Body Position

4.2.2. Does Not Give Accurate Readings

4.3. Blood Pressure Monitoring Devices Market Opportunities

4.3.1. Increasing Research and Development Activities in Blood Pressure Monitoring Devices

4.3.2. Increasing Adoption of Artificial Intelligence Technology

5. Blood Pressure Monitoring Devices Market Porter’s Five Forces Analysis

5.1. Bargaining Power of Suppliers

5.2. Bargaining Power of Consumers

5.3. Threat of New Entrants

5.4. Threat of Substitutes

5.5. Competitive Rivalry

6. COVID-19 Impact Analysis on Blood Pressure Monitoring Devices Market

7.  Blood Pressure Monitoring Devices Market Layout

7.1. By Product Type

7.1.1. Sphygmomanometers

7.1.2. Advanced Ambulatory Blood Pressure Monitoring

7.1.3. Automatic Blood Pressure Monitor

7.1.4. Professional Office Blood Pressure Monitor

7.1.5. Others

7.2. By End User

7.2.1. Hospitals

7.2.2. Home-Care Settings

7.2.3. Ambulatory Surgical Centers

7.2.4. Others

7.3. By Geography

7.3.1. North America

7.3.1.1. North America Blood Pressure Monitoring Devices Market, by Country

7.3.1.1.1. United States

7.3.1.1.2. Canada

7.3.1.1.3. Mexico

7.3.2. Europe  

7.3.2.1. Europe Blood Pressure Monitoring Devices Market, by Country

7.3.2.1.1. France

7.3.2.1.2. Germany

7.3.2.1.3. United Kingdom

7.3.2.1.4. Italy

7.3.2.1.5. Spain

7.3.2.1.6. Russia

7.3.2.1.7. Rest of Europe

7.3.3. Asia-Pacific

7.3.3.1. Asia-Pacific Blood Pressure Monitoring Devices Market, by Country

7.3.3.1.1. China

7.3.3.1.2. Japan

7.3.3.1.3. India

7.3.3.1.4. Australia

7.3.3.1.5. South Korea

7.3.3.1.6. Rest of Asia Pacific

7.3.4. Rest of the World (RoW) 

7.3.4.1. RoW Blood Pressure Monitoring Devices Market, by Region

7.3.4.1.1. Middle East

7.3.4.1.2. Africa

7.3.4.1.3. South America

8. Blood Pressure Monitoring Devices Market Global Company Share Analysis – Key 3-5 Companies

9. Blood Pressure Monitoring Devices Market Company and Product Profiles

9.1. Koninklijke Philips N.V

9.1.1. Company Overview

9.1.2. Company Snapshot

9.1.3. Financial Overview

9.1.4. Product Listing

9.1.5. Entropy

9.2. General Electric Company

9.2.1. Company Overview

9.2.2. Company Snapshot

9.2.3. Financial Overview

9.2.4. Product Listing

9.2.5. Entropy

9.3. A&D Company

9.3.1. Company Overview

9.3.2. Company Snapshot

9.3.3. Financial Overview

9.3.4. Product Listing

9.3.5. Entropy

9.4. Hill-Rom Services Inc

9.4.1. Company Overview

9.4.2. Company Snapshot

9.4.3. Financial Overview

9.4.4. Product Listing

9.4.5. Entropy

9.5. American Diagnostic Corporation

9.5.1. Company Overview

9.5.2. Company Snapshot

9.5.3. Financial Overview

9.5.4. Product Listing

9.5.5. Entropy

9.6.  Withings

9.6.1. Company Overview

9.6.2. Company Snapshot

9.6.3. Financial Overview

9.6.4. Product Listing

9.6.5. Entropy

9.7. Spacelabs Healthcare

9.7.1. Company Overview

9.7.2. Company Snapshot

9.7.3. Financial Overview

9.7.4. Product Listing

9.7.5. Entropy

9.8. Braun Healthcare

9.8.1. Company Overview

9.8.2. Company Snapshot

9.8.3. Financial Overview

9.8.4. Product Listing

9.8.5. Entropy

9.9. GF HEALTH PRODUCTS INC

9.9.1. Company Overview

9.9.2. Company Snapshot

9.9.3. Financial Overview

9.9.4. Product Listing

9.9.5. Entropy

9.10. Microlife Corporation

9.10.1. Company Overview

9.10.2. Company Snapshot

9.10.3. Financial Overview

9.10.4. Product Listing

9.10.5. Entropy

9.11. Rossmax International Ltd

9.11.1. Company Overview

9.11.2. Company Snapshot

9.11.3. Financial Overview

9.11.4. Product Listing

9.11.5. Entropy

9.12. OMRON Healthcare Inc

9.12.1. Company Overview

9.12.2. Company Snapshot

9.12.3. Financial Overview

9.12.4. Product Listing

9.12.5. Entropy

9.13. SCHILLER AG

9.13.1. Company Overview

9.13.2. Company Snapshot

9.13.3. Financial Overview

9.13.4. Product Listing

9.13.5. Entropy

9.14. Contec

9.14.1. Company Overview

9.14.2. Company Snapshot

9.14.3. Financial Overview

9.14.4. Product Listing

9.14.5. Entropy

9.15. Spengler

9.15.1. Company Overview

9.15.2. Company Snapshot

9.15.3. Financial Overview

9.15.4. Product Listing

9.15.5. Entropy

9.16. ICU Medical Inc

9.16.1. Company Overview

9.16.2. Company Snapshot

9.16.3. Financial Overview

9.16.4. Product Listing

9.16.5. Entropy

9.17. B. Braun Melsungen AG

9.16.1. Company Overview

9.16.2. Company Snapshot

9.16.3. Financial Overview

9.16.4. Product Listing

9.16.5. Entropy

9.18. Biobeat

9.16.1. Company Overview

9.16.2. Company Snapshot

9.16.3. Financial Overview

9.16.4. Product Listing

9.16.5. Entropy

9.19. Aktiia SA

9.16.1. Company Overview

9.16.2. Company Snapshot

9.16.3. Financial Overview

9.16.4. Product Listing

9.16.5. Entropy

9.20. Caretaker LLC

9.16.1. Company Overview

9.16.2. Company Snapshot

9.16.3. Financial Overview

9.16.4. Product Listing

9.16.5. Entropy

10. KOL Views

11. Project Approach

12. About DelveInsight

13. Disclaimer & Contact Us

List of Table

Table 1: Competitive Analysis

Table 2: COVID-19 Impact Analysis

Table 3: Blood Pressure Monitoring Devices Market in Global (2019-2027)

Table 4: Blood Pressure Monitoring Devices Market in Global by Product Type (2019-2027)

Table 5: Blood Pressure Monitoring Devices Market in Global by End User (2019-2027)

Table 6: Blood Pressure Monitoring Devices Market in Global by Geography (2019-2027)

Table 7: Blood Pressure Monitoring Devices Market in North America (2019-2027)

Table 8: Blood Pressure Monitoring Devices Market in North America by Country (2019-2027)

Table 9: Blood Pressure Monitoring Devices Market in the US (2019-2027)

Table 10: Blood Pressure Monitoring Devices Market in Canada (2019-2027)

Table 11: Blood Pressure Monitoring Devices Market in Mexico (2019-2027)

Table 12: Blood Pressure Monitoring Devices Market in Europe (2019-2027)

Table 13: Blood Pressure Monitoring Devices Market in Europe by Country (2019-2027)

Table 14: Blood Pressure Monitoring Devices Market in France (2019-2027)

Table 15: Blood Pressure Monitoring Devices Market in Germany (2019-2027)

Table 16: Blood Pressure Monitoring Devices Market in the United Kingdom (2019-2027)

Table 17: Blood Pressure Monitoring Devices Market in Italy (2019-2027)

Table 18: Blood Pressure Monitoring Devices Market in Spain (2019-2027)

Table 19: Blood Pressure Monitoring Devices Market in Russia (2019-2027)

Table 20: Blood Pressure Monitoring Devices Market in Rest of Europe (2019-2027)

Table 21: Blood Pressure Monitoring Devices Market in APAC (2019-2027)

Table 22: Blood Pressure Monitoring Devices Market in APAC by Country (2019-2027)

Table 23: Blood Pressure Monitoring Devices Market in China (2019-2027)

Table 24: Blood Pressure Monitoring Devices Market in Japan (2019-2027)

Table 25: Blood Pressure Monitoring Devices Market in India (2019-2027)

Table 26: Blood Pressure Monitoring Devices Market in Australia (2019-2027)

Table 27: Blood Pressure Monitoring Devices Market in South Korea (2019-2027)

Table 28: Blood Pressure Monitoring Devices Market in Rest of APAC (2019-2027)

Table 29: Blood Pressure Monitoring Devices Market in Rest of World (2019-2027)

Table 30: Blood Pressure Monitoring Devices Market in RoW by Region (2019-2027)

Table 31: Blood Pressure Monitoring Devices Market in Middle East (2019-2027)

Table 32: Blood Pressure Monitoring Devices Market in Africa (2019-2027)

Table 33: Blood Pressure Monitoring Devices Market in South America (2019-2027)

LIst of Figures

Figure 1: Competitive Analysis

Figure 2: COVID-19 Impact Analysis

Figure 3: Blood Pressure Monitoring Devices Market in Global (2019-2027)

Figure 4: Blood Pressure Monitoring Devices Market in Global by Product Type (2019-2027)

Figure 5: Blood Pressure Monitoring Devices Market in Global by End User (2019-2027)

Figure 6: Blood Pressure Monitoring Devices Market in Global by Geography (2019-2027)

Figure 7: Blood Pressure Monitoring Devices Market in North America (2019-2027)

Figure 8: Blood Pressure Monitoring Devices Market in North America by Country (2019-2027)

Figure 9: Blood Pressure Monitoring Devices Market in the US (2019-2027)

Figure 10: Blood Pressure Monitoring Devices Market in Canada (2019-2027)

Figure 11: Blood Pressure Monitoring Devices Market in Mexico (2019-2027)

Figure 12: Blood Pressure Monitoring Devices Market in Europe (2019-2027)

Figure 13: Blood Pressure Monitoring Devices Market in Europe by Country (2019-2027)

Figure 14: Blood Pressure Monitoring Devices Market in France (2019-2027)

Figure 15: Blood Pressure Monitoring Devices Market in Germany (2019-2027)

Figure 16: Blood Pressure Monitoring Devices Market in the United Kingdom (2019-2027)

Figure 17: Blood Pressure Monitoring Devices Market in Italy (2019-2027)

Figure 18: Blood Pressure Monitoring Devices Market in Spain (2019-2027)

Figure 19: Blood Pressure Monitoring Devices Market in Russia (2019-2027)

Figure 20: Blood Pressure Monitoring Devices Market in Rest of Europe (2019-2027)

Figure 21: Blood Pressure Monitoring Devices Market in APAC (2019-2027)

Figure 22: Blood Pressure Monitoring Devices Market in APAC by Country (2019-2027)

Figure 24: Blood Pressure Monitoring Devices Market in China (2019-2027)

Figure 25: Blood Pressure Monitoring Devices Market in Japan (2019-2027)

Figure 26: Blood Pressure Monitoring Devices Market in India (2019-2027)

Figure 27: Blood Pressure Monitoring Devices Market in Australia (2019-2027)

Figure 28: Blood Pressure Monitoring Devices Market in South Korea (2019-2027)

Figure 29: Blood Pressure Monitoring Devices Market in Rest of APAC (2019-2027)

Figure 30: Blood Pressure Monitoring Devices Market in Rest of World (2019-2027)

Figure 31: Blood Pressure Monitoring Devices Market in RoW by Region (2019-2027)

Figure 32: Blood Pressure Monitoring Devices Market in the Middle East (2019-2027)

Figure 33: Blood Pressure Monitoring Devices Market in Africa (2019-2027)

Figure 34: Blood Pressure Monitoring Devices Market in South America (2019-2027)

Figure 35: Market Drivers

Figure 36: Market Barriers

Figure 37: Marker Opportunities

Figure 38: PORTER'S Five Force Analysis

Koninklijke Philips N.V
General Electric Company
A&D Company
Hill-Rom Services Inc
American Diagnostic Corporation
Withings
Spacelabs Healthcare
Braun Healthcare
GF HEALTH PRODUCTS INC
Microlife Corporation
Rossmax International Ltd
OMRON Healthcare Inc
SCHILLER AG
Contec
Spengler
ICU Medical Inc
B. Braun Melsungen AG
Biobeat
Aktiia SA
Caretaker LLC

 

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