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Blood Pressure Monitoring Devices Market by Product, by End-user, and by Region - Global Forecast to 2023-2033

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    Report

  • 200 Pages
  • January 2023
  • Region: Global
  • Quintana Research and Consulting
  • ID: 5717233
The blood pressure monitoring devices market size is estimated to be USD 3,982.4 million in 2022 and is expected to witness a CAGR of 9.81% during the forecast period 2023-2033. Introduction of new products and new technologies including mHealth which promote patient treatment & drug compliance are projected to drive the market growth in near future. Furthermore, rising elderly population, increase in the risk of diseases related to a certain lifestyle, and surge in prevalence of obesity and sedentary lifestyles are other factors supporting the market growth. However, high price of devices and shortage of skilled physicians are predicted to limit market growth.

New technologies including mHealth which promote patient treatment & drug compliance is expected to fuel the market growth during the projected period. It assists in keeping track of a patient's medical history, prescription regimen, and therapy follow-up. These associated benefits are a few of the factors anticipated to fuel expansion. The rising prevalence of hypertension globally which has increased demand for home monitoring devices. The associated advantages of automated equipment such as repeated BP readings to ensure the accuracy and mercury device bans are further reasons boosting the industry's expansion.

Introduction of new products is predicted to propel the market growth during the forecast period. For instance, Hillrom stated in February 2021 that it had paid USD 30 million for EarlySense's contact-free continuous monitoring technology. The company will be able to create cutting-edge AI-based sensing technologies with this acquisition specially for the market for remote patient care.

Segmentation

By Product

The market is categorized into automated/digital blood pressure monitor, sphygmomanometer/aneroid bp monitor, transducers, instruments and accessories, and ambulatory blood pressure monitor. In 2022, the sphygmomanometer/aneroid bp monitor segment accounted for the highest revenue share due to the increasing demand. The demand for sphygmomanometers is anticipated to increase due to technological developments and the introduction of new products. The factors driving the market growth are the ongoing technological advancements, including improvements in wearable technology, apps, and mobile devices in the consumer healthcare segment, decreasing average selling prices for retailers and manufacturers, and increasing penetration in the professional market. The market for blood pressure cuffs is anticipated to expand significantly over the projected period as a consequence of rising BP monitor usage driven by the rising prevalence of high blood pressure. the disposable segment is predicted to grow due to the rising use of eco-friendly products and growing concerns over hospital-based cross-contamination occurrences.

By End User

The market is segmented into homecare, hospitals, and ambulatory surgical centers & clinics. In the global market, the hospitals segment accounted for the largest revenue share in 2022 owing to availability of a large patient pool. The growing demand for affordable, rapid, and precise diagnostic tools for better health outcomes is expected to spur the use of blood pressure monitoring devices. The homecare is expected to have the fastest CAGR over the forecast period. The accessibility of smart wearables that allow for mobility along with the cost effectiveness of this alternative choice for BP monitoring is anticipated to encourage the expansion. As a result, the market for home healthcare is anticipated to grow due to the shift toward independent living. Ambulatory BP Monitoring (ABMP) is a method for measuring out-of-office blood pressure readings during a 24-hour period at predetermined intervals. Long-term cardiovascular disease outcomes can be predicted more accurately with ABPM.

Regional Markets

In 2022, North America region accounted for the highest revenue in the blood pressure monitoring devices market and is expected to maintain its dominance during the forecast period. This is attributed to its highly established healthcare infrastructure and highly regulated healthcare system. The major factor predicted to contribute to the market expansion of BP monitoring devices in the upcoming years is increasing expenditures in the development of precise and efficient BP monitors. Additionally, it is anticipated that the introduction of new products and technological developments will further support industry growth. For instance, Hillrom announced the commercial launch of the Welch Allyn Spot Vital Signs 4400 in February 2020. This new device is an easy-to-use next-generation vital signs device used to enhance the identification of hypertension in ambulatory and emergency department settings.

Competitor Insights

Some of the key players operating in the blood pressure monitoring devices market are Microlife AG, A&D Medical Inc., GF Health Products Inc., Withings, Briggs Healthcare, GE Healthcare, Kaz Inc., Rossmax International Ltd., Spacelabs Healthcare Inc., American Diagnostics Corp., Philips Healthcare, Hill-Rom Services Inc., SunTech Medical, Inc., Braun Healthcare, Contec, and Biobeat.To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

For instance, PhysIQ Inc. and Omron Healthcare announced a collaboration agreement in February 2019 to include Omron's HeartGuide wearable blood pressure monitor into the pinpointIQ platform used in outpatient facilities.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including product and end user from 2022 to 2033.

Segmentation: Blood Pressure Monitoring Devices Market Report 2022 - 2033

Product (Revenue, USD Million), 2022 - 2033

  • Automated/Digital Blood Pressure Monitor
  • Sphygmomanometer/Aneroid BP Monitor
  • Transducers, Instruments and Accessories
  • Ambulatory Blood Pressure Monitor

End user (Revenue, USD Million), 2022 - 2033

  • Homecare
  • Hospitals
  • Ambulatory Surgical Centers & Clinics

By Region (Revenue, USD Million), 2022 - 2033

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM

Middle East & Africa

  • South Africa
  • GCC
  • Rest of MEA

Table of Contents

1. Research Methodology
1.1. Study Objectives
1.2. Study Scope
1.3. Research Framework
1.3.1. Research Models
1.3.1.1. Bottom-up Approach
1.3.1.2. Top-down Approach
1.3.1.3. Data Triangulation
1.3.2. Data Analysis
1.3.2.1. Data Validation
1.3.2.2. Market Size Estimation
1.3.2.3. Market Forecast Model

2. Introduction: Blood Pressure Monitoring Devices

3. Executive Summary

4. Market Dynamics
4.1. Market Drivers
4.1.1. Driver 1
4.1.2. Driver 2
4.1.3. Driver 3
4.1.4. Driver 4
4.1.5. Driver 5
4.2. Market Restraint
4.2.1. Restraint 1
4.2.2. Restraint 2
4.2.3. Restraint 3
4.2.4. Restraint 4
4.3. Market Opportunities
4.3.1. Opportunity 1
4.3.2. Opportunity 2
4.3.3. Opportunity 3
4.3.4. Opportunity 4
4.4. Market Trends
4.4.1. Trend 1
4.4.2. Trend 2
4.4.3. Trend 3
4.4.4. Trend 4
4.5. Market Challenges
4.5.1. Challenge 1
4.5.2. Challenge 2
4.5.3. Challenge 3
4.5.4. Challenge 4

5. Market Environment Analysis
5.1. Porter’s 5 Forces Analysis
5.2. PESTEL Analysis
5.3. SWOT Analysis

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

7. Market Analysis by Product
7.1. Automated/Digital Blood Pressure Monitor
7.1.1. Automated/Digital Blood Pressure Monitor Market Forecast, 2022-2033 (USD Million)
7.2. Sphygmomanometer/Aneroid BP Monitor
7.2.1. Sphygmomanometer/Aneroid BP Monitor Market Forecast, 2022-2033 (USD Million)
7.3. Transducers, Instruments and Accessories
7.3.1. Transducers, Instruments and Accessories Market Forecast, 2022-2033 (USD Million)
7.4. Ambulatory Blood Pressure Monitor
7.4.1. Ambulatory Blood Pressure Monitor Market Forecast, 2022-2033 (USD Million)

8. Market Analysis by End User
8.1. Homecare
8.1.1. Homecare Market Forecast, 2022-2033 (USD Million)
8.2. Hospitals
8.2.1. Hospitals Market Forecast, 2022-2033 (USD Million)
8.3. Ambulatory Surgical Centers & Clinics
8.3.1. Ambulatory Surgical Centers & Clinics Market Forecast, 2022-2033 (USD Million)

8. Regional Market Analysis
8.1. Regional Market Trends

9. North America Blood Pressure Monitoring Devices Market
9.1. North America Blood Pressure Monitoring Devices Market
9.1.1. North America Market Size and Forecast, 2022-2033 (USD Million)
9.1.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
9.1.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
9.2. U.S. Blood Pressure Monitoring Devices Market
9.2.1. U.S. Market Size and Forecast, 2022-2033 (USD Million)
9.2.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
9.2.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
9.3. Canada Blood Pressure Monitoring Devices Market
9.3.1. Canada Market Size and Forecast, 2022-2033 (USD Million)
9.3.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
9.3.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)

10. Europe Blood Pressure Monitoring Devices Market
10.1. Europe Blood Pressure Monitoring Devices Market
10.1.1. Europe Market Size and Forecast, 2022-2033 (USD Million)
10.1.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
10.1.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
10.2. Germany Blood Pressure Monitoring Devices Market
10.2.1. Germany Market Size and Forecast, 2022-2033 (USD Million)
10.2.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
10.2.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
10.3. UK Blood Pressure Monitoring Devices Market
10.3.1. UK Market Size and Forecast, 2022-2033 (USD Million)
10.3.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
10.3.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
10.4. France Blood Pressure Monitoring Devices Market
10.4.1. France Market Size and Forecast, 2022-2033 (USD Million)
10.4.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
10.4.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
10.5. Spain Blood Pressure Monitoring Devices Market
10.5.1. Spain Market Size and Forecast, 2022-2033 (USD Million)
10.5.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
10.5.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
10.6. Italy Blood Pressure Monitoring Devices Market
10.6.1. Italy Market Size and Forecast, 2022-2033 (USD Million)
10.6.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
10.6.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
10.7. Rest of Europe Blood Pressure Monitoring Devices Market
10.7.1. Rest of Europe Market Size and Forecast, 2022-2033 (USD Million)
10.7.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
10.7.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)

11. Asia Pacific Blood Pressure Monitoring Devices Market
11.1. Asia Pacific Blood Pressure Monitoring Devices Market
11.1.1. Asia Pacific Market Size and Forecast, 2022-2033 (USD Million)
11.1.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
11.1.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
11.2. Japan Blood Pressure Monitoring Devices Market
11.2.1. Japan Market Size and Forecast, 2022-2033 (USD Million)
11.2.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
11.2.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
11.3. China Blood Pressure Monitoring Devices Market
11.3.1. China Market Size and Forecast, 2022-2033 (USD Million)
11.3.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
11.3.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
11.4. India Blood Pressure Monitoring Devices Market
11.4.1. India Market Size and Forecast, 2022-2033 (USD Million)
11.4.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
11.4.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
11.5. South Korea Blood Pressure Monitoring Devices Market
11.5.1. South Korea Market Size and Forecast, 2022-2033 (USD Million)
11.5.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
11.5.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
11.5.1.3. Market Size and Forecast by Device, 2022-2033 (USD Million)
11.6. Australia Blood Pressure Monitoring Devices Market
11.6.1. Australia Market Size and Forecast, 2022-2033 (USD Million)
11.6.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
11.6.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
11.7. Rest of Asia Pacific Blood Pressure Monitoring Devices Market
11.7.1. Rest of Asia Pacific Market Size and Forecast, 2022-2033 (USD Million)
11.7.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
11.7.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)

12. Latin America Blood Pressure Monitoring Devices Market
12.1. Latin America Blood Pressure Monitoring Devices Market
12.1.1. Latin America Market Size and Forecast, 2022-2033 (USD Million)
12.1.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
12.1.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
12.2. Brazil Blood Pressure Monitoring Devices Market
12.2.1. Brazil Market Size and Forecast, 2022-2033 (USD Million)
12.2.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
12.2.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
12.3. Mexico Blood Pressure Monitoring Devices Market
12.3.1. Mexico Market Size and Forecast, 2022-2033 (USD Million)
12.3.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
12.3.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
12.4. Argentina Blood Pressure Monitoring Devices Market
12.4.1. Argentina Market Size and Forecast, 2022-2033 (USD Million)
12.4.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
12.4.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
12.5. Rest of Latin America Blood Pressure Monitoring Devices Market
12.5.1. Rest of Latin America Market Size and Forecast, 2022-2033 (USD Million)
12.5.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
12.5.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)

13. MEA Blood Pressure Monitoring Devices Market
13.1. MEA Blood Pressure Monitoring Devices Market
13.1.1. MEA Market Size and Forecast, 2022-2033 (USD Million)
13.1.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
13.1.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
13.2. GCC Blood Pressure Monitoring Devices Market
13.2.1. GCC Market Size and Forecast, 2022-2033 (USD Million)
13.2.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
13.2.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
13.3. South Africa Blood Pressure Monitoring Devices Market
13.3.1. South Africa Market Size and Forecast, 2022-2033 (USD Million)
13.3.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
13.3.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)
13.4. Rest of MEA Blood Pressure Monitoring Devices Market
13.4.1. Rest of MEA Market Size and Forecast, 2022-2033 (USD Million)
13.4.1.1. Market Size and Forecast by Product, 2022-2033 (USD Million)
13.4.1.2. Market Size and Forecast by End User, 2022-2033 (USD Million)

14. Competitor Analysis
14.1. Market Share Analysis, 2022
14.2. Major Recent Developments, 2019-2022

15. Company Profiles
15.1. Microlife AG
15.1.1. Company Snapshot
15.1.2. Company Overview
15.1.3. Financials
15.1.4. Product Benchmarking
15.1.5. Recent Developments
15.2. A&D Medical Inc.
15.2.1. Company Snapshot
15.2.2. Company Overview
15.2.3. Financials
15.2.4. Product Benchmarking
15.2.5. Recent Developments
15.3. GF Health Products Inc.
15.3.1. Company Snapshot
15.3.2. Company Overview
15.3.3. Financials
15.3.4. Product Benchmarking
15.3.5. Recent Developments
15.4. Withings
15.4.1. Company Snapshot
15.4.2. Company Overview
15.4.3. Financials
15.4.4. Product Benchmarking
15.4.5. Recent Developments
15.5. Briggs Healthcare
15.5.1. Company Snapshot
15.5.2. Company Overview
15.5.3. Financials
15.5.4. Product Benchmarking
15.5.5. Recent Developments
15.6. GE Healthcare
15.6.1. Company Snapshot
15.6.2. Company Overview
15.6.3. Financials
15.6.4. Product Benchmarking
15.6.5. Recent Developments
15.7. Kaz Inc.
15.7.1. Company Snapshot
15.7.2. Company Overview
15.7.3. Financials
15.7.4. Product Benchmarking
15.7.5. Recent Developments
15.8. Rossmax International Ltd.
15.8.1. Company Snapshot
15.8.2. Company Overview
15.8.3. Financials
15.8.4. Product Benchmarking
15.8.5. Recent Developments
15.9. Spacelabs Healthcare Inc.
15.9.1. Company Snapshot
15.9.2. Company Overview
15.9.3. Financials
15.9.4. Product Benchmarking
15.9.5. Recent Developments
15.10. American Diagnostics Corp.
15.10.1. Company Snapshot
15.10.2. Company Overview
15.10.3. Financials
15.10.4. Product Benchmarking
15.10.5. Recent Developments
15.11. Company 11
15.11.1. Company Snapshot
15.11.2. Company Overview
15.11.3. Financials
15.11.4. Product Benchmarking
15.11.5. Recent Developments
15.12. Company 12
15.12.1. Company Snapshot
15.12.2. Company Overview
15.12.3. Financials
15.12.4. Product Benchmarking
15.12.5. Recent Developments
15.13. Company 13
15.13.1. Company Snapshot
15.13.2. Company Overview
15.13.3. Financials
15.13.4. Product Benchmarking
15.13.5. Recent Developments
15.14. Company 14
15.14.1. Company Snapshot
15.14.2. Company Overview
15.14.3. Financials
15.14.4. Product Benchmarking
15.14.5. Recent Developments
15.15. Company 15
15.15.1. Company Snapshot
15.15.2. Company Overview
15.15.3. Financials
15.15.4. Product Benchmarking
15.15.5. Recent Developments
15.16. Others Prominent Players

16. Conclusion & Recommendations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Microlife AG
  • A&D Medical Inc.
  • GF Health Products Inc.
  • Withings
  • Briggs Healthcare
  • GE Healthcare
  • Kaz Inc.
  • Rossmax International Ltd.
  • Spacelabs Healthcare Inc.
  • American Diagnostics Corp.
  • Philips Healthcare
  • Hill-Rom Services Inc.
  • SunTech Medical Inc.
  • Braun Healthcare
  • Contec
  • Biobeat.