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Covid-19 Update: Global 2020-2023 Wearable Blood Pressure Monitors Market Segmentation, Analysis By Recent Trends, Development And Growth By Regions
Wearable Blood Pressure Monitors Market - By Product (Upper Arm Blood Pressure Monitor, Wrist Blood Pressure Monitor, Finger Blood Pressure Monitor), And By Region, Opportunities And Strategies - Global Forecast To 2030 By The Business Research CompanyThe global wearable blood pressure monitor market reached a value of nearly $874.1 million in 2019, having grown at a compound annual growth rate (CAGR) of 21.1% since 2015, and is expected to grow at a CAGR of 11.6% to nearly $1,356.4 million by 2023. The market is expected to grow at a CAGR of 15.3% to nearly $1,803.7 million by 2025, and at a CAGR of 15.4% to $3,686.6 million by 2030.
The Key drivers of the wearable blood pressure monitor market include:-
Increase in the prevalence of hypertension, particularly in the geriatric population, significantly contributed to the growth of the wearable blood pressure monitors market during the historic period. According to the World Population Ageing report published by the United Nations in 2019, the global population aged 65 years and above was 703 million in 2019. The geriatric population is at high risk of hypertension which results in increased need for regular monitoring of blood pressure.
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Wearable Blood Pressure Monitors Market Segmentation:-
By Product
1. Upper Arm Blood Pressure Monitor
2. Wrist Blood Pressure Monitor
3. Finger Blood Pressure Monitor
The upper arm blood pressure monitor market was the largest segment of the wearable blood pressure monitor market by product, accounting for $485.8 million or 55.6% of the total market in 2019. The finger blood pressure monitor market is expected to be the fastest-growing segment going forward at a CAGR of 15.6%.
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By Geography - The wearable blood pressure monitor market is segmented In to
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
Some of the major key players involved in the wearable blood pressure monitor market are
1. Philips
2. Omron Corporation
3. Beurer
4. A&D Company
5. Withings
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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