Blood Pressure Monitoring Devices Market

Market Definition

The global Blood Pressure Monitoring Devices Market size was valued at USD 3.7 billion in 2023 and is predicted to reach USD 6.62 billion by 2030, with a CAGR of 8.7% from 2024 to 2030. Blood pressure monitoring devices are the devices used to measure the blood pressure of human beings. It usually records the blood pressure at certain intervals using the direct or indirect method of determining the pressure.

It consists of an inflatable cuff that collapses and releases the artery beneath the cuff steadily, air pressure sensor, and a pump. These blood pressure monitoring devices measures the amount of blood pumped by the heart and displays the recorded blood pressure on the screen of the device. Blood pressure monitoring devices are portable, lightweight, and inexpensive. Moreover, they are easy to use with a large reading display.

Market Dynamics and Trends

The demand for blood pressure monitoring devices is increasing due to rising prevalence of blood pressure-related diseases such as aneurysm, heart attack, and metabolic syndrome. These diseases occur due to hypertension and hectic lifestyle. In June 2021, the World Health Organization (WHO) announced that nearly about 17.9 million people died from cardiovascular diseases (CVDs) in 2019. Out of these deaths, 85% people died due to heart attack and stroke. Moreover, the introduction of smartwatch that tracks and manages the health parameters such as heart rate and body temperature with the help of certain mobile apps is expected to propel the blood pressure monitoring devices market growth.

For instance, in January 2021, Samsung Electronics announced an app called Samsung Health Monitor. This app can be used by the users of Galaxy Watch3 and Galaxy Watch Active2. This app will help the users track their health records and allow them to make informed decisions about their wellness.

However, lack of trained physicians and excessive cost of the devices are the factors that restrain the growth of the market during the forecast period. On the contrary, the introduction of AI-based blood pressure monitoring devices that can be used virtually by any smartphone or laptop to extract blood pressure measurement by simply looking at the device’s camera is expected to create ample opportunities for the market in the coming years.

Market Segmentations and Scope of the Study

The blood pressure monitoring devices market is segmented on the basis of product, technology, end user, and geography. On the basis of product, the market is categorized into monitors and accessories. The monitor’s segment is further divided into sphygmomanometers, automated BP monitors, ambulatory BP monitors, BP transducers, home-based BP monitors, and others. Similarly, accessories segment is further divided into blood pressure cuffs, manometers, valves and bladders, and others. On the basis of technology, the market is classified into digital, aneroid, and wearable. On the basis of end user, the market is classified into home healthcare, online pharmacies, clinics, ambulatory surgical centers, and hospital. The geographical breakdown and analysis of each of the aforesaid segments include regions such as North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of the blood pressure monitoring devices market at present, and is expected to continue its dominance during the forecast period. The growing prevalence of blood pressure-related diseases such as heart disease, metabolic syndrome, and hypertension is further expected to raise the demand the blood pressure monitoring devices. This, in turn, is expected to drive the market in this region. For instance, in 2020, according to the Centers for Disease Control and Prevention, more than 670,000 deaths occurred due to hypertension in the U.S.

In addition, the various key market players such as SunTech Medical, Inc. and American Diagnostic Corporation are adopting the acquisition strategy to maintain their dominance in the region. This factor is expected to drive the market in this region. For instance, in September 2021, SunTech Medical, Inc. acquired Meditech Kft., a manufacturer of ambulatory blood pressure monitors (ABPM) and ECG Holter devices. The latter manufacturer is based in Budapest, Hungary. Through this acquisition, Meditech becomes a business unit of SunTech, allowing SunTech to leverage the expert knowledge about blood pressure (BP) to bring improved solutions for customers.

On the other hand, Asia-Pacific is expected to show a steady rise in the market due to high acceptance of telemedicine services for management of hypertension from a distance and high adoption of surgeries. For instance, in January 2021, OMRON Healthcare, Inc. launched two patient monitoring services. ‘VitalSight’ is the first remote patient monitoring service. OMRON Connect 2.0 app is another service designed to give consumers more power in managing their hypertension than before.

Also, various governments in this region are taking initiatives to reduce the cost of medical devices charged by the suppliers and make commodities affordable to the general public. For instance, in July 2022, National Pharmaceutical Pricing Authority (NPPA) in India announced that the trade margin rate of the five medical devices such as pulse oximeter, blood pressure monitoring machine, nebulizer, digital thermometer, and glucometer will get cheaper and more affordable than before for the public.

Competitive Landscape

Various market players operating in the blood pressure monitoring devices market include Hillrom, A&D Medical, Inc., Welch Allyn, Inc, Omron Healthcare, Inc., Koninklijke Philips, American Diagnostic Corporation, Halma Plc, Spengler SAS, Rossmax International Ltd, Elko Healthcare. These market players are adopting various strategies such as partnerships and product launches to maintain their dominance in the blood pressure monitoring devices market.

For instances, in January 2021, Koninklijke Philips partnered with Rennes University Hospital to strengthen the products offerings for diagnostics interventional imaging and monitoring devices such as BP monitors and diabetes checker. Also, in December 2021, A&D Medical joined hands with Smart Meter to develop and deliver top-quality remote patient monitoring (RPM) devices such as blood pressure monitors, weight scales, activity monitors, and other health monitoring devices for both consumers and professional use.

Key Benefits

• The blood pressure monitoring devices market report provides the quantitative analysis of the current market and estimations from 2022 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises of a detailed analysis of the blood pressure monitoring devices market trends including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities and their impact on the blood pressure monitoring devices market is provided in the report.

• The competitive analysis of the market players along with their market share in the blood pressure monitoring devices market is mentioned.

• The SWOT analysis and Porter’s Five Force’s model are elaborated in the study.

• The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments

By Product

• Monitors

  • Sphygmomanometers

  • Automated BP Monitors

  • Ambulatory BP Monitors

  • BP Transducers

    • Disposable

    • Reusable

  • Home-Based BP Monitors

  • Others

• Accessories

  • Blood Pressure Cuffs

    • Disposable

    • Reusable

• Manometers

• Valves and Bladders

• Others

By Technology

• Digital

  • Portable

    • Wrist

    • Upper Arm

    • Finger

  • Non-Portable (Upper Arm)

• Aneroid

• Wearable

By End User

• Home Healthcare

• Online Pharmacies

• Clinics

• Ambulatory Surgical Center

• Hospitals

By Geography

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Sweden

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Israel

  • Turkey

  • Remaining Countries

KEY PLAYERS

• Hillrom

• A&D Medical, Inc.

• Welch Allyn, Inc

• Omron Healthcare, Inc.

• Koninklijke Philips

• American Diagnostic Corporation

• Halma Plc

• Spengler SAS

• Rossmax International Ltd

• Elko Healthcare

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Product (Monitors (Sphygmomanometers, Automated BP Monitors, Ambulatory BP Monitors, BP Transducers, Home-Based BP Monitors, and Others), and Accessories (Blood Pressure Cuffs, Manometers, Valves and Bladders, and Others)), By Technology (Digital, Aneroid, Wearable), by End User (Home Healthcare, Pharmacies, Clinics, Ambulatory Surgical Center and Hospital)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (U.K., Germany, France, Italy, Spain, Russia, Sweden, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Israel, Turkey, Remaining Countries)
Companies Profiled	Hillrom, A&D Medical, Inc., Welch Allyn, Inc, Omron Healthcare, Inc., Koninklijke Philips, American Diagnostic Corporation, Halma Plc, Spengler SAS, Rossmax International Ltd, Elko Healthcare