Blood Pressure Monitoring Devices Market: Trends, Growth Forecasts, and Key Players 2024-2031

Market Size
Blood Pressure Monitoring Devices Market size was valued USD 1.68 billion in 2021 and is estimated to reach USD3.5 billion by 2031, growing at a CAGR of 9.8% during the forecast period (2024-2031).

Blood pressure monitoring devices, which are utilized to track hypertension and irregular heartbeats, are expected to see a surge in demand over the forecast period. These devices can facilitate early detection of hypertension, thereby contributing to better patient outcomes. Furthermore, advancements in personal-use blood pressure monitoring devices can assist in regular health tracking for patients. The rising incidence of hypertension presents profitable opportunities for manufacturers to produce these monitoring devices.

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Blood Pressure Monitoring Devices Market Trends

The growth of the market for osseointegration implants is expected to be driven by an increase in government initiatives and technological advancements.

The World Health Organization (WHO) estimated in 2021 that approximately 1.28 billion adults aged between 30 and 79 years worldwide would have hypertension, with the majority (two-thirds) residing in low- and middle-income countries. This trend is anticipated to persist and even rise during the forecast period, leading to a significant increase in the demand for blood pressure monitoring devices. The continued growth in the elderly population worldwide is expected to lead to an increase in cardiovascular disorders, as this population is more susceptible to diseases, thereby boosting the market.

For example, data from the World Population Prospects: the 2019 Revision suggests that by 2050, one in six people worldwide is expected to be over the age of 65. By 2050, one in four individuals living in Europe and Northern America could be 65 or older. Technological advancements in hypertension monitoring are also on the rise.

In February 2022, for instance, InBody launched the new BP 170 automatic blood pressure monitor, which enables individuals to record and track key health metrics at home. The growing adoption of home heart health monitoring, along with increased awareness about the importance of early diagnosis of hypertension and cardiac diseases, is expected to further stimulate market growth.

A significant trend in the market is the development of smartphone apps for blood pressure monitoring that can instantly synchronize data and share it with doctors. For example, Omron has developed the Omron Connect App, which syncs with Omron connected devices, allowing consumers to store, track, and share heart health data with their doctors for improved treatment outcomes.

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Market Segmentation

By Product type
Sphygmomanometers
Digital blood pressure monitors
Ambulatory blood pressure monitors
Blood pressure transducers
Blood pressure instrument accessories

By End-User
Home settings
Hospitals
Clinics
Ambulatory surgical centers

Market Key Players
Major players are GE Healthcare, Welch Allyn, Inc., A&D Medical Inc., SunTech Medical, Inc., American Diagnostics Corporation, Withings, Briggs Healthcare, Microlife AG, Masimo Corporation, Spacelabs Healthcare Inc., Omron Corporation and Philips Healthcare.

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