Global Blood Pressure Monitoring Devices Market Overview, 2023-28

The blood pressure monitoring device market serves as a beacon of technological innovation and wellness empowerment in a world where health is prioritized more than ever. These technologies, which were originally only used in sterile medical environments, have undergone a metamorphosis and are now stylish and affluent allies in our quest for wellness. They give more than just numerical insights; they offer a digital window into the rhythm of cardiovascular health by seamlessly merging cutting-edge sensor technology and user-friendly interfaces. In this ever-evolving market, the pulse of innovation continues to beat, promising a future where proactive health management is not just a possibility, but a personal revolution. In the dynamic landscape of digital health, blood pressure monitoring devices have surged to the forefront, driven by a wave of transformative trends. Seamlessly blending precision and convenience, these devices have transcended traditional boundaries. The integration of wireless connectivity and smartphone compatibility has reshaped the way people engage with health data. Real-time tracking and personalized insights empower users to grasp their cardiovascular health in unprecedented ways, fostering a proactive approach to well-being. Globally, a significant number of households have embraced the proactive approach to health management, with a substantial portion incorporating blood pressure monitoring devices into their daily routines. As health consciousness becomes more prevalent, households across the globe are recognizing the importance of tracking cardiovascular health.

According to the research report Global Blood Pressure Monitoring Devices Market Overview, 2023-28, the Global Blood Pressure Monitoring Devices market was valued at USD 4.44 Billion in 2022 which is expected to reach the value of USD 7.21 Billion by 2028, with 8.64% CAGR. The increasing prevalence of hypertension and cardiovascular diseases has driven the demand for blood pressure monitoring devices. With a growing awareness of the importance of early detection and management of these conditions, individuals and healthcare providers are seeking accurate and convenient monitoring solutions. The market is competitive, with established medical device manufacturers and newer entrants vying to provide innovative and reliable blood pressure monitoring solutions. This competition drove continuous innovation and improvements in device design and functionality. Government policies have played a role in shaping the blood pressure monitoring device market. Regulatory agencies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), have established guidelines and standards for the approval and marketing of medical devices, including blood pressure monitors. These regulations ensure the safety, efficacy, and accuracy of devices available in the market. In some countries, governments have taken initiatives to raise awareness about hypertension and the importance of regular blood pressure monitoring. Public health campaigns and educational programs have been launched to inform individuals about the risks associated with high blood pressure and the benefits of early intervention.

Based on the regional wise segmentation, the market has been segmented into five regions; North America, Europe, APAC, South America, and MEA. Among this North America has the highest share of the blood pressure monitoring device market globally, standing as a beacon of technological advancement and health consciousness. North America has historically been a significant player in the medical device market and has the highest share. Factors such as a high prevalence of hypertension, a well-established healthcare infrastructure, advanced technology adoption, and strong regulatory frameworks contribute to North America's leadership in the blood pressure monitoring device market. Europe, with its developed healthcare systems and emphasis on preventive care, has been a substantial market for blood pressure monitoring devices. Countries within the European Union have rigorous regulatory standards that ensure the safety and effectiveness of medical devices, contributing to the growth of the market. The Asia-Pacific region has witnessed rapid economic growth, urbanization, and changing lifestyles, and thus has the fastest CAGR. South America has seen growing awareness of cardiovascular health and an increase in healthcare access in some countries. While the market might be smaller compared to other regions, there has been a rising demand for blood pressure monitoring devices as health awareness expands. The MEA region has shown a growing interest in medical devices due to improving healthcare infrastructure and increasing awareness of chronic diseases.

Based on the device types the market is further categorized into Aneroid/ Sphygmomanometer BP Monitor, Automated/Digital, BP Transducers, Blood Pressure Instrument Accessories (BP Cuff, Bladders, Bulbs and Valves), Ambulatory BP Monitors. In the global market, the market for digital blood pressure monitoring devices has emerged as a dominant force, capturing the largest share within the healthcare technology sector. These devices often come equipped with features like automated readings, data storage, and connectivity to smartphone apps or cloud platforms. Such capabilities resonate with the tech-savvy population, where individuals are increasingly seeking ways to seamlessly integrate health monitoring into their daily routines. Global market boasts a substantial market share in the Blood Pressure Transducers sector. Blood pressure transducers find applications in various healthcare settings, including hospitals, clinics, ambulatory care, and home healthcare, where accurate blood pressure monitoring is essential for diagnosing and managing conditions like hypertension, hypotension, and other cardiovascular issues. While digital automated blood pressure monitors have gained popularity for their ease of use and integration into electronic health records, aneroid blood pressure devices continue to hold a significant place in the market.

Based on the Automated/ Digital Blood Pressure Monitoring Devices Type, the Upper arm blood pressure monitoring devices are the most commonly used type of blood pressure measurement tools in various healthcare settings and for personal health monitoring. The upper arm is a preferred location for blood pressure measurements because it provides a stable and consistent point of measurement. This region is closer to the heart and major arteries, resulting in more accurate readings that closely reflect the actual blood pressure levels within the circulatory system. Digital upper arm blood pressure monitors have become particularly popular due to their ease of use. Wrist and finger blood pressure devices are alternative types of blood pressure monitoring tools that offer unique advantages and conveniences compared to the more traditional upper arm devices. While they have gained some popularity, wrist and finger devices are generally considered to have certain limitations and may not always provide readings as accurate as those obtained from upper arm monitors.

Based on Automated/ Digital Blood Pressure Monitoring Devices Technology Type, the market is segmented into Non-Smart/ Wired and Smart/ Wireless. In the Global market, the adoption of wired and wireless blood pressure monitoring devices is influenced by various factors. Clinical settings continue to rely on wired devices for their accuracy and integration with existing healthcare systems. Meanwhile, the wireless segment is buoyed by technological advancements, consumer demand for remote monitoring solutions, and the rise of digital health applications. Wireless blood pressure monitoring devices have gained traction due to their adaptability to modern healthcare practices and patient preferences. These devices offer the convenience of eliminating physical cables, enabling healthcare professionals and patients to move more freely during monitoring. Wireless devices often utilize Bluetooth or Wi-Fi technology to transmit data to smartphones, tablets, or cloud-based platforms. This connectivity empowers individuals to track their blood pressure levels over time and share the data with healthcare providers remotely, facilitating telemedicine and remote patient monitoring initiatives.

Based on the end-users the home healthcare industry has dominated the blood pressure monitoring equipment market. This development is a result of a wider change toward patient-centered treatment, technological developments, and the empowerment of people to actively manage their health, especially their cardiovascular health. The market is also segmented into three categories based on the distributional channel as hospital pharmacies, retail pharmacies and online. In the healthcare landscape of Global market, the hospital pharmacies segment has established itself as a dominant player, commanding the largest share in the distribution of medical products, including blood pressure monitoring devices. Hospital pharmacies offer several advantages, such as immediate access to medical professionals, integration with patient records, and the ability to provide specialized care and guidance. This prominence is attributed to the critical role hospitals play in acute care, specialized treatments, and comprehensive medical services. However, the landscape of healthcare purchasing is evolving, and the retail pharmacy and online segments are witnessing substantial growth. The convenience of retail pharmacies, often located within communities, appeals to patients seeking quick access to over-the-counter medical devices, including blood pressure monitors. Moreover, retail pharmacies provide a bridge between hospital care and routine health management, allowing patients to continue monitoring their health post-hospitalization. The online purchase of medical devices, including blood pressure monitoring devices, is experiencing significant growth due to technological advancements and changing consumer behaviors. Online platforms offer a vast selection, competitive pricing, and the convenience of doorstep delivery. This trend is further accelerated by the increasing adoption of telemedicine and remote patient monitoring, where patients can purchase devices online and share data with healthcare providers electronically.

The COVID-19 pandemic has had a multifaceted impact on the blood pressure device market globally, reshaping consumer behavior, healthcare practices, and technological innovation. With the pandemic emphasizing the importance of proactive health management, the demand for blood pressure monitoring devices experienced a notable surge. As individuals became more conscious of their well-being, there was a heightened interest in tracking cardiovascular health from the comfort of their homes. The closure of healthcare facilities and the reluctance to visit clinics due to infection concerns accelerated the adoption of remote monitoring solutions. Telehealth and virtual consultations became pivotal, prompting a greater reliance on blood pressure devices that could seamlessly transmit accurate readings to healthcare providers. As a result, there was a notable shift towards smartphone-connected devices and wearable’s that enabled individuals to share real-time data with medical professionals. On the flip side, disruptions in global supply chains and manufacturing processes caused temporary challenges in the availability of certain devices. Despite these hurdles, the market exhibited resilience, adapting swiftly to meet the increased demand and evolving needs of consumers. Overall, the COVID-19 pandemic catalyzed a paradigm shift in the blood pressure device market, accelerating the adoption of digital health solutions and reinforcing the significance of proactive health management in the face of unprecedented challenges.

Recent Developments:

• South Korea clears Sky Labs' cuffless blood pressure monitoring feature. South Korean health tech startup Sky Labs has recently obtained the approval of the South Korean Ministry of Food and Drug Safety for the latest blood pressure monitoring feature on its ring-type health monitoring device.
• Biospectal’s software converts a smartphone camera into a blood pressure monitor, making it much easier to diagnose and monitor hypertension, the largest chronic condition in the world with life threatening outcomes.
• Launching in early 2023, Viso, an OMRON Healthcare remote patient monitoring service, is the first step to transforming how chronic care is managed in the U.K. Viso empowers patients to take the right actions to better manage their health while sharing data with a clinician to provide better care. Viso is an NHS-approved app and digital health service offered by participating physicians that enables a patient to work remotely with his or her doctor to manage common long-term health conditions like high blood pressure, AFib, diabetes, and heart diseases.

Major Companies Present in the Market:

Omron Corporation, Koninklijke Philips N.V., Welch Allyn, Inc.,Panasonic Holdings Corporation, Halma plc , General Electric Company, Masimo Corporation, Microlife Corporation, Nihon Kohden Corporation , Drägerwerk AG & Co. KGaA and Spacelabs Healthcare.

Considered in this report:

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Global Blood Pressure Monitoring Devices Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Device:

• Aneroid/ Sphygmomanometer BP Monitor
• Automated/Digital
• BP Transducers
• Blood Pressure Instrument Accessories (BP Cuff, Bladders, Bulbs and Valves)
• Ambulatory BP Monitors, Hydration Gear, Illumination Gear, Fire Starters, Repair Kit and Tools, etc.)

By Automated/ Digital Blood Pressure Monitoring Devices Type:

• Upper Arm
• Wrist
• Finger

By Automated/ Digital Blood Pressure Monitoring Devices Technology Type:

• Non-Smart/ Wired
• Smart/ Wireless

By End-User:

• Hospitals & Clinics
• Home Healthcare
• Others

By Distributional Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Online Stores

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Adventure Sports Gear industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.