Blood Pressure Monitoring Devices Market Revenue to Attain USD 4.35 Bn by 2033

31 Dec 2024

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Table of Content

1. Blood Pressure Monitoring Devices Market Revenue and Trends 2023 to 2033 2. Market Overview  3. Report Highlights of the Blood Pressure Monitoring Devices Market  4. Major Trends in the Blood Pressure Monitoring Devices Market 5. Regional Insights 6. Blood Pressure Monitoring Devices Market Coverage 7. Market News 8. Blood Pressure Monitoring Devices Market Key Players

Blood Pressure Monitoring Devices Market Revenue and Trends 2023 to 2033

The global blood pressure monitoring devices market revenue reached USD 2.09 billion in 2024 and is predicted to attain around USD 4.35 billion by 2033 with a CAGR of 8.49%. The rising prevalence of hypertension and cardiovascular diseases, the need for self-monitoring devices, and technological advancements drive the growth of the market during the forecast period.

Market Overview 

Blood pressure monitoring devices play a crucial role in assessing blood pressure levels and are essential for diagnosing hypertension. This condition is closely correlated with an increased risk of developing cardiovascular diseases, making timely diagnosis vital for effective intervention. A substantial rise in cardiovascular diseases can be attributed to factors such as elevated blood pressure and high cholesterol levels, often resulting from unhealthy lifestyle choices, including poor diet, lack of physical activity, and stress. With these lifestyle factors contributing to an alarming increase in health issues, early detection and management of hypertension through blood pressure monitoring devices are becoming increasingly imperative. By enabling individuals to monitor their blood pressure at home regularly, these devices can significantly contribute to mitigating the risk of serious cardiovascular conditions, thus driving market growth.

Technological advancements in blood pressure monitoring devices are another crucial factor propelling the growth of the blood pressure monitoring devices market. Consumers are increasingly seeking modern, technology-integrated devices that offer enhanced user experience and accuracy compared to traditional models. The emergence of artificial intelligence (AI) and wearable technology has led to the development of innovative devices capable of providing continuous and precise blood pressure monitoring. These state-of-the-art devices not only track blood pressure in real time but also offer features that allow for data sharing with healthcare providers, making them invaluable for both patients and medical professionals. With the rising instances of cardiovascular diseases, there is a heightened need for early hypertension detection. The increasing consumer preference for efficient and user-friendly monitoring solutions further contributes to market expansion.

Report Highlights of the Blood Pressure Monitoring Devices Market 

• By product, the digital blood pressure monitor segment held the largest share of the market in 2024 due to the convenience and accessibility it offers to patients. Digital blood pressure monitors allow patients to monitor blood pressure at home without the prior need for appointments at hospitals. In addition, these monitors provide accurate results and enable patients to store their readings and analyze patterns and fluctuations in their blood pressure, further helping in early detection. Apart from this, digital blood pressure monitoring devices are cost-effective. On the other hand, the blood pressure cuffs segment is expected to expand rapidly during the forecast period. There are different types of cuffs, and their use depends on the varying needs of patients and medical facilities. Reusable cuffs are gaining immense traction due to their excellent features, such as durability, longevity, and easy cleaning. Disposable cuffs are mostly preferred in hospitals and clinics as they reduce the risk of hospital-acquired infections (HAI).
• By end-user, the hospitals segment dominated the market with the largest share in 2024. This is mainly due to the increased patient volumes and adoption of advanced BP monitoring devices in these settings. Moreover, increased government initiatives to advance healthcare infrastructure bolstered the segment. On the other hand, the home healthcare segment is expected to grow at the fastest rate in the coming years due to the rising trend of self-care. BP monitoring devices allow individuals to track blood pressure levels at home, preventing the risk of heart disease.

Major Trends in the Blood Pressure Monitoring Devices Market

• Need for Advanced Glucose Monitoring Devices: With the rising prevalence of hypertension and cardiovascular diseases, the need for advanced glucose monitoring devices is increasing. Transdermal monitoring devices provide real-time monitoring of glucose levels. Micro-needles and skin patches are technology-integrated sensors that extract biofluids using capillary force and detect glucose levels. Wearable trackers are popular among medical professionals and patients as they are portable devices that continuously track blood pressure.
• Innovation in Insulin Devices: Technological advancements have led to innovations in insulin devices, which positively impact the market. Insulin devices offer convenient, accurate, and flexible dosing. Insulin pens and insulin pumps are gaining immense popularity compared to traditional delivery methods. There is a high demand for automated insulin pens, as they deliver insulin in time intervals, further enhancing patient outcomes.
• Digital Integration: Integrating digital technologies enhances the functionality and convenience of blood pressure monitoring devices. Advanced sensors and smartphone connectivity allow these devices to monitor blood pressure levels from remote locations.

Regional Insights

North America dominated the blood pressure monitoring devices market with the largest share in 2024. This is mainly due to its well-developed healthcare infrastructure and increased adoption of cutting-edge medical devices. The region is at the forefront of technological advancements, leading to the increased development of advanced monitoring devices. In addition, the increased prevalence of cardiovascular diseases due to the unhealthy lifestyle further contributed to regional market growth. On the other hand, Asia Pacific is projected to witness the fastest growth in the market during the forecast period. With the rising instances of hypertension and cardiovascular diseases, there is increased demand for digital BP monitoring devices. The rising awareness about early disease detection and prevention further boosts the regional market growth.

Blood Pressure Monitoring Devices Market Coverage

Market News

• In November 2024, Akiita’s continuous blood pressure monitoring (CBPM) bracelet received approval from Health Canada. The bracelet uses optical sensors and algorithms to measure blood pressure through Optical Blood Pressure Monitoring (OBPM). 
• In July 2024, Smart Meter, the leading supplier of Cellular Remote Patient Monitoring (RPM) solutions, announced the launch of its latest innovative product: the first cellular-connected, multi-cuff blood pressure monitor specifically designed for RPM and chronic care management (CCM).

Blood Pressure Monitoring Devices Market Key Players

• Koninklijke Philips N.V.
• General Electric Company
• A & D Company, Limited
• SunTech Medical, Inc.
• Welch Allyn
• American Diagnostic Corporation
• Briggs Healthcare
• Withings
• Spacelabs Healthcare
• GF HEALTH PRODUCTS, INC.
• Kaz, A Helen of Troy Company
• Rossmax International Limited
• Microlife Corporation

Market Segmentation

By Product

• Digital Blood Pressure Monitor
  • Wrist
  • Arm
  • Finger
• Sphygmomanometer
• Ambulatory Blood Pressure Monitor
• Instruments and Accessories
  • Blood pressure cuffs
    • Reusable
    • Disposable
  • Others
• Transducers
  • Reusable
  • Disposable

By End-User

• Ambulatory Surgical Centers and Clinics
• Hospitals
• Home Healthcare

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