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Wearable Blood Pressure Monitor Market worth $7.07 billion by 2030, growing at a CAGR of 16.19% - Exclusive Report by 360iResearch
Wearable Blood Pressure Monitor Market | 360iResearch
The Global Wearable Blood Pressure Monitor Market to grow from USD 2.47 billion in 2023 to USD 7.07 billion by 2030, at a CAGR of 16.19%.
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A wearable blood pressure monitor is a technologically advanced medical device designed for the continuous or periodic monitoring of blood pressure (BP) without requiring direct supervision by healthcare professionals. Unlike traditional BP monitoring devices, these wearable gadgets provide mobility convenience, enabling users to measure their blood pressure throughout the day during various activities, thus facilitating better hypertension management and cardiovascular health monitoring. The growth of the wearable blood pressure monitor market is propelled by the necessity of effective monitoring solutions for the rising prevalence of hypertension and cardiovascular diseases globally. Additionally, the increased awareness and preference for preventive healthcare measures among the general population further boost the adoption of these devices. Despite promising growth prospects, regulatory hurdles and the need for clinical validations pose challenges for manufacturers. The high cost of advanced models may also limit adoption among cost-sensitive consumers. However, the ongoing demand for home healthcare and remote patient monitoring systems opens vast avenues for growth. Furthermore, technological advancements in wearable technology, such as enhanced sensor accuracy and the integration with smart devices for real-time data analysis and feedback, present considerable opportunities for market penetration.
In the Americas, wearable blood pressure monitors are being adopted rapidly owing to the high prevalence of cardiovascular diseases and the substantial adoption of advanced healthcare technologies. Additionally, local regulations and initiatives promoting preventive healthcare are further fostering the adoption of this technology. The Europe region, which is attributed to well-established healthcare systems and high awareness levels regarding hypertension management, shows a significant adoption of wearable blood pressure monitors. Middle Eastern countries are witnessing a surge in demand for wearable blood pressure monitors owing to lifestyle changes and increased healthcare investments, whereas Africa's market is showing potential growth opportunities, propelled by rising healthcare standards and a growing elderly population. APAC region is emerging as the fastest-growing market for wearable blood pressure monitors globally. Countries including China, Japan, and South Korea are at the forefront, benefiting from technological advancements, increasing disposable incomes, and governmental support for healthcare infrastructure development. Additionally, the region's large population base and growing awareness regarding hypertension management are significantly contributing to market expansion.
Market Segmentation & Coverage:
This research report categorizes the Wearable Blood Pressure Monitor Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Measurement, market is studied across Arterial Tonometry, Oscillometric Method, and Pulse Transit Time Method. The Oscillometric Method commanded largest market share of 34.13% in 2023, followed by Pulse Transit Time Method.
Based on Use, market is studied across Arm and Wrist. The Wrist commanded largest market share of 72.88% in 2023, followed by Arm.
Based on Component, market is studied across Battery, Bluetooth IC, Display, Memory, Processor, and Sensor. The Battery commanded largest market share of 23.37% in 2023, followed by Sensor.
Based on Indication, market is studied across Hypertension, Hypotension, and Irregular Heart Beat. The Irregular Heart Beat commanded largest market share of 34.82% in 2023, followed by Hypotension.
Based on Distribution Channel, market is studied across Offline Mode and Online Mode. The Offline Mode is further studied across Hypermarkets and Pharmacies. The Offline Mode commanded largest market share of 75.29% in 2023, followed by Online Mode.
Based on Application, market is studied across Home Healthcare, Remote Patient Monitoring, and Sports & Fitness. The Sports & Fitness commanded largest market share of 34.12% in 2023, followed by Home Healthcare.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.87% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Wearable Blood Pressure Monitor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Wearable Blood Pressure Monitor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Wearable Blood Pressure Monitor Market, highlighting leading vendors and their innovative profiles. These include Aktiia SA, Apple Inc., Asia Connection Co., Ltd., Beurer GmbH, Charmcare Co., Ltd., ChroniSense Medical, Ltd., Cofoe Medical Technology Co., Ltd., ForaCare Suisse AG, Garmin Ltd., General Electric Company, Google LLC by Alphabet Inc., Guangdong Transtek Medical Electronics Co., Ltd., Huawei Technologies Co., Ltd., ICU Medical, Inc., iHealth Labs Inc., Koninklijke Philips N.V., Koogeek Inc., LAICA S.p.A., Medline Industries, LP, Nokia Corporation, OMRON Corporation, Pyle Audio, Qardio, Inc., Saif Care, Samsung Electronics Co., Ltd., Sara Healthcare Pvt. Ltd., and Xiaomi Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Wearable Blood Pressure Monitor Market, by Measurement
7. Wearable Blood Pressure Monitor Market, by Use
8. Wearable Blood Pressure Monitor Market, by Component
9. Wearable Blood Pressure Monitor Market, by Indication
10. Wearable Blood Pressure Monitor Market, by Distribution Channel
11. Wearable Blood Pressure Monitor Market, by Application
12. Americas Wearable Blood Pressure Monitor Market
13. Asia-Pacific Wearable Blood Pressure Monitor Market
14. Europe, Middle East & Africa Wearable Blood Pressure Monitor Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Wearable Blood Pressure Monitor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Wearable Blood Pressure Monitor Market?
3. What is the competitive strategic window for opportunities in the Wearable Blood Pressure Monitor Market?
4. What are the technology trends and regulatory frameworks in the Wearable Blood Pressure Monitor Market?
5. What is the market share of the leading vendors in the Wearable Blood Pressure Monitor Market?
6. What modes and strategic moves are considered suitable for entering the Wearable Blood Pressure Monitor Market?
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