Pressure Monitoring Market Size, Share and Trends 2024 to 2034

Pressure Monitoring Market Size and Forecast 2024 to 2034

The global pressure monitoring market size is projected to be worth around USD 28.69 billion by 2034 from USD 12.78 billion in 2024, at a CAGR of 8.42% from 2024 to 2034. The rising prevalence of chronic diseases, such as hypertension and cardiovascular diseases, is the key factor driving pressure monitoring market growth. The increasing population of senior people can fuel market growth further.

Pressure Monitoring Market Key Takeaways

• North America dominated the pressure monitoring market with the largest market share of 40% in 2023.
• Asia Pacific is expected to grow at a significant rate in the market over the studied period.
• By product, the BP monitors/cardiac pressure monitors segment generated the biggest market share of 41% in 2023.
• By procedure, the noninvasive segment accounted for the highest market share of 55% in 2023.
• By application, the cardiac disorders segment generated the biggest market share of 42% in 2023.
• By application, the respiratory disorders segment is anticipated to grow at the fastest rate in the market over the projected period.
• By end-use, the hospital's segment captured more than 42% of market share in 2023.
• By end-use, the home monitoring segment is expected to witness rapid growth in the market throughout the forecast period.

U.S. Pressure Monitoring Market Size and Growth 2024 to 2034

The U.S. pressure monitoring market size was exhibited at USD 3.54 billion in 2023 and is projected to be worth around USD 8.77 billion by 2034, poised to grow at a CAGR of 8.59% from 2024 to 2034.

North America dominated the pressure monitoring market in 2023. The region's growth can be credited to the rising incidence of hypertension and high blood pressure, along with innovative monitoring technologies and increasing health awareness among most of the population. Furthermore, more precise and user-friendly home monitoring devices are increasingly establishing an extensive trend toward preventive healthcare.

• In April 2023, Cadence and Providence introduced a remote patient monitoring program to enhance quality and access to home-based care. Two successful clinic launches in Washington have shown strong patient engagement and medication adherence among those with congestive heart failure and hypertension.

Asia Pacific is expected to grow at a significant rate in the pressure monitoring market over the studied period. The rise of online healthcare platforms stimulates easy access to innovative monitoring devices, which enables individuals to manage their blood pressure at home. Moreover, the China pressure monitoring market is experiencing advances due to significant healthcare investments coupled with the strong presence of key players in the region.

Top 10 countries with the highest hypertension treatment rate in women in 2019

Market Overview

Pressure monitoring devices are tools designed to monitor and measure pressure in different systems and environments. Pressure is defined as the force applied over a given area, which has a unit called Pascal’s. Monitoring pressure is important in various medical, industrial, and environmental applications. Pressure monitoring devices have sensors that often utilize technologies such as strain gauges, piezoelectric, and capacitive sensing to detect accurate pressure changes. Pressure transducers are extensively used in medical, automotive, and industrial applications for accurate pressure measurement and control.

The AI Revolution in the Pressure Monitoring Market

AI has shown notable results in managing and predicting hypertension during pregnancy. In the pressure monitoring market, the integration of telemedicine into postmortem and prenatal care was boosted during the pandemic, which allows better BP monitoring and outpatient management. Furthermore, research using ML technology has helped develop personalized care models and understand the risks associated with them.

• In January 2024, Nanowear, a leader in healthcare-at-home remote diagnostics, announced that its nanotechnology-enabled wearable and software platform, SimpleSenseTM, has received FDA 510(k) clearance for a novel AI-enabled software-as-a-medical device (SaMD).

Pressure Monitoring Market Growth Factors

• A rise in innovations such as integration with digital health platforms and wireless connectivity is expected to drive the pressure monitoring market.
• The increasing shifts of patients from hospital care to home care settings.
• Mergers and acquisitions (M&A) activity among the key players in the pressure monitoring market.
• Growing industrial automation is expected to boost the pressure monitoring market.

Market Scope

Market Dynamics

Driver

Growing preference for home monitoring

The increasing preference for home monitoring is substantially fueling the pressure monitoring market. Many individuals nowadays take charge of their health and wellness. Additionally, there is a growing trend towards monitoring key signs within the comfort of one's home. Devices like respiratory pressure monitors and blood pressure monitors have become necessary tools for people managing chronic conditions like respiratory disorders and hypertension. These devices also help individuals to check their health regularly.

• In May 2024, OMRON Healthcare India collaborates with AliveCor to launch portable ECG monitoring devices in India. With a deeper dive into cardiovascular health, the company has unearthed the crucial role of Afib as a significant contributor to stroke and cardiovascular disease risk.

Restraint

Lack of awareness regarding hypertension treatment in developing economies

High blood pressure is the most prevalent form of disease in developing nations. These regions also have much higher BP averages than the rest of the world. In the pressure monitoring market, individuals with high blood pressure are somewhat ignorant of their illness because of a lack of access to medications that might help them control their BP and lessen the fatal risk associated with heart disease and stroke.

Opportunity

The growing popularity of wearable home blood pressure monitoring devices

The rising trend of utilizing wearable home blood pressure monitoring devices and their integration with smartphone apps can create lucrative opportunities for the pressure monitoring market. Furthermore, wearable patient-monitoring equipment observes different signs of a person, including respiratory rate, heart rate, and blood pressure. The devices also produce a large amount of data that can be used to analyze and predict the future results of patient monitoring. Moreover, smartphone apps are necessary for better analysis and processing of provided health information.

• In March 2022, India's Amrita University launched a wearable device for home monitoring of glucose and BP. Patients can use the wearable, non-invasive device to measure six body parameters, including blood glucose, blood pressure, heart rate, blood oxygen, respiratory rate, and 6-lead ECG, from the comfort of their home.

Products Insights

The BP monitors/cardiac pressure monitors segment led the pressure monitoring market in 2023 and is expected to grow rapidly over the forecast period. The growth of the segment can be attributed to the rising prevalence of CVD and hypertension along with Technological advancements like wearable wireless devices. Additionally, the growth of home healthcare solutions and telehealth services can contribute significantly to segment growth. By making these devices more convenient and accessible for patients globally.

• In May 2024, Philips presents study results at the Heart Rhythm Annual Meeting, demonstrating the benefits of its AI-powered cardiac monitoring solutions. Three studies demonstrate how Philips MCOT wearable ambulatory monitoring ECG and proprietary AI models applied to ECG digital biomarkers can help to improve diagnosis, reduce readmissions, and lower costs.

Procedure Insights

The noninvasive segment dominated the pressure monitoring market in 2023. The growth and dominance of the segment can be credited to the rising patient preference for noninvasive methods because of their comfort, safety, and reduced risk of major complications compared to invasive procedures.

Furthermore, the growing incidence of chronic diseases, with the increasing awareness about daily health monitoring, drives their demand further.

Application Insights

The cardiac disorders segment dominated the pressure monitoring market in 2023. This is due to the rising aging populations and increasing incidence of cardiovascular disorders among elderly populations. Also, enhanced healthcare infrastructure and ongoing government initiatives further boost market growth.

The respiratory disorders segment is anticipated to grow at the fastest rate in the pressure monitoring market over the projected period. The growth of the segment can be linked to the rising prevalence of conditions like chronic obstructive pulmonary disease (COPD), asthma, and pulmonary hypertension. Moreover, advancements in pressure monitoring technology, including noninvasive and portable devices, have enhanced patient outcomes and disease management.

End-use Insights

The hospital's segment led the pressure monitoring market in 2023. This is because of the rising need for continuous and accurate patient monitoring along with the advancement in medical technology. Additionally, the growth of healthcare infrastructure improves the adoption of convenient pressure monitoring devices in hospitals by enhancing patient care and outcomes.

The home monitoring segment is expected to witness rapid growth in the pressure monitoring market throughout the forecast period. The growth of the segment can be driven by a rising preference for home-based health management systems and the increasing availability of user-friendly monitoring devices. Furthermore, technological developments have made it easier for individuals to track their blood pressure and vital signals from home, which can help patients control their chronic conditions effectively.

Pressure Monitoring Market Companies

• Philips Healthcare
• GE Healthcare
• Welch Allyn, Inc.
• Medtronic
• Dragerwerk
• Omron Healthcare Welch Allyn, Inc.
• A&D Medical Inc.
• SunTech Medical, Inc.
• American Diagnostics Corp.
• Withings
• Briggs Healthcare
• Rossmax International Ltd.
• Spacelabs Healthcare Inc.

Recent Developments

• In January 2024, Pylo Health unveiled the release of two advanced patient devices: the Pylo 200-LTE weight scale and the Pylo 900-LTE blood pressure monitor.
• In July 2024, Lindus Health and Aktiia announced the initiation of a clinical trial to assess user satisfaction with Aktiia's optical blood pressure monitoring (OBPM) device among individuals with hypertension.
• In August 2023, EPIC Health, Detroit's community-centered health system, and OMRON Healthcare announced a new partnership to tackle health disparities and lower the risk of heart attacks and strokes in underserved Detroit neighborhoods.

Segments Covered in the Report

By Product

• BP Monitors/Cardiac Pressure Monitors
  • Device
    • Automated Bp Monitors
    • Ambulatory Bp Monitors
    • Sphygmomanometers
    • Bp Transducers
  • Accessories
    • Bp Cuffs
    • Manometers
    • Valves & Tubings
    • Bulbs
• Pulmonary Pressure Monitors
  • Device
    • Oximeters
    • Capnographs
    • Spirometers
  • Accessories
    • Flanged Mouthpieces
    • Nasal Probes & Plugs
    • Filters
• Intraocular Pressure Monitors
  • Device
  • Accessories
    • Prisms
    • Tip Covers
    • Sensors
• Intracranial Pressure Monitors

By Procedure

• Noninvasive
• Invasive

By Application

• Respiratory Disorders
• Glaucoma
• Cardiac Disorders
• Neurological Disorders
• Dialysis
• Others

By End-use

• Hospitals
• Home Care Settings
• Ambulatory Surgical Centers & Clinics
• Diagnostic Laboratories
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa