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Wearable Blood Pressure Monitors Market would rocket up to USD 6.23 billion by 2029

10-04-2023 04:50 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

/ PR Agency: DBMR
Wearable blood pressure monitors use technology that is linked to the user's body to continuously check blood pressure, even while they are sleeping, exercising, or doing other things. An app is used to store and evaluate the data. Monitoring your blood pressure could be made easier and more convenient by wearable technology or smartphone apps, which many people use to monitor their heart rate, sleep habits, and other things.

Data Bridge Market Research analyses that the wearable blood pressure monitors market which was USD 1.9 billion in 2021, would rocket up to USD 6.23 billion by 2029, and is expected to undergo a CAGR of 16.00% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Wearable blood pressure monitors use technology that is attached to the user's body to continually measure blood pressure while they are sleeping and exercising. They are extensively utilised in fields including home healthcare, remote patient monitoring, and sports and fitness. The wearable blood pressure monitor is called H2-BP.

Access the full report: https://www.databridgemarketresearch.com/reports/global-wearable-blood-pressure-monitors-market

Drivers

Rising patient monitoring devices
The market for wearable blood pressure monitors is anticipated to be driven by rising patient monitoring device demand. The rise in procedures requiring ongoing monitoring coupled with the prevalence of chronic conditions has mostly driven up demand for patient monitoring equipment. Additionally, people are interested in ongoing health monitoring because it serves as a preventive strategy while also improving their health status due to the increased knowledge of a healthy lifestyle and fitness.

Rise in monitoring device demand
According to Valencell, a firm that makes wearable technology, two-thirds of customers owned a wearable device because they thought it had a good impact on their health. Nearly 55% of defendants expressed interest in using wearable technology to monitor their blood pressure. The market for wearable blood pressure monitors is therefore anticipated to be driven by rising monitoring device demand.

Opportunities

Increased prevalence of hypertension
An increase in the prevalence of hypertension, especially in the senior population, which had a substantial impact on the market expansion. According to the United Nations' 2019 World Population Ageing report, there were 703 million people 65 and over worldwide in 2019. The elevated incidence of hypertension among the elderly population makes frequent blood pressure checks even more important. For the elderly population, daily trips to clinics or other medical facilities may not be feasible. Therefore, medical professionals advise people to wear or carry portable blood pressure monitoring devices.

Furthermore, the wearable blood pressure monitors market's growth is fuelled during the forecast period as a result of increasing demand for patient monitoring devices. This will provide beneficial opportunities for the wearable blood pressure monitors market growth.

Restraints/Challenges

Lack of precision
On the other hand, dearth of precision when compared to conventional devices and compatibility issues with other devices will obstruct the market's growth rate.

Various wearable gadgets' readings varied under diverse settings, including rest and activity. The market for wearable blood pressure monitors is therefore anticipated to experience growing challenges due to a lack of precision.

This wearable blood pressure monitors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wearable blood pressure monitors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Some of the major players operating in the wearable blood pressure monitors market are:

General electric (U.S.)
ForaCare Suisse AG (Switzerland)
OMRON Corporation (Japan)
Xiaomi (China)
Koninklijke Philips N.V. (Netherlands)
Medaval Ltd. (Ireland)
Qardio, Inc (U.S.)
Smiths Group plc (U.K)
Blipcare (U.S.)
iHealth Labs Inc. (U.S.)
Pyle Audio (U.S.)
Koogeek Inc (U.S.)
BioTelemetry (U.S.)
Garmin Ltd. (U.S.)
ChroniSense Medical Ltd. (Israel)

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About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

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