Blood Pressure Monitoring Devices Market Size, Share Analysis, Growth Trends And Global Forecast To 2033

The blood pressure monitoring devices market size has grown strongly in recent years. It will grow from $2.79 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increasing prevalence of hypertension, increasing focus on preventive healthcare, rise in lifestyle-related diseases, increased awareness of health and wellness, home healthcare trend.

The blood pressure monitoring devices market size is expected to see strong growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to telehealth and remote patient monitoring, focus on precision medicine, government initiatives for chronic disease management, focus on patient-centric healthcare, rising healthcare awareness in emerging markets:. Major trends in the forecast period include wearable technology integration, bluetooth and wireless connectivity, focus on user experience and design, home blood pressure monitoringartificial intelligence in blood pressure analysis.

Market Overview -
Blood pressure monitoring devices refer to medical instruments that are used to measure and monitor blood pressure as it flows through the arteries in a person's body. These devices are commonly used to diagnose and manage hypertension, which can lead to serious health problems.

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Blood Pressure Monitoring Devices Market Surge Amid Rising Hypertension Cases
The rising incidences of hypertension will boost the blood pressure monitoring devices market. Hypertension, also known as high blood pressure, is a medical condition in which the force of the blood against the walls of the arteries is consistently elevated, leading to increased pressure in the blood vessels. Healthcare providers and patients who seek to improve their ability to manage hypertension and reduce the risk of associated health complications use blood pressure monitoring devices. Thus, the need for accurate and reliable blood pressure monitoring devices to monitor and manage blood pressure levels regularly will positively impact the market. For instance, in March 2023, according to the World Health Organization, a Switzerland-based organization, an estimated 1.28 billion adults aged 30-79 years worldwide have hypertension, most (two-thirds) living in low- and middle-income countries. Therefore, the rising incidences of hypertension are driving the growth of the blood pressure monitoring devices market.

Competitive Landscape -
Major companies operating in the blood pressure monitoring devices market report are Rossmax International Ltd., Koninklijke Philips N.V., SunTech Medical Inc., Graham-field Health Products Inc., Welch Allyn Inc., Microlife Corporation, A&D Company Limited, Omron Corporation, Hill-Rom Services Inc., American Diagnostic Corporation, Withings Health Solutions, Smiths Medical Inc., Braun Healthcare, ICU Medical Inc., Panasonic Corporation, Spacelabs Healthcare Inc., Microlife AG, Schiller AG, BPL Medical Technologies, ForaCare Inc., iHealth Labs Inc., Qardio Inc., Beurer GmbH, Citizen Systems Japan Co. Ltd., Terumo Corporation, Vasomedical Inc., Becton Dickinson and Company, Medtronic plc, Boston Scientific Corporation, Edwards Lifesciences Corporation

Technological Innovations Shaping The Blood Pressure Monitoring Devices Market
Technological advancements are the key trends in the blood pressure monitoring devices market. Major companies operating in the blood pressure monitoring sector are focused on developing innovative technologies to sustain their position in the market. For instance, in November 2021, CardioX Corporation, a US-based diagnostic medical device company, launched Lana Patapava, a blood pressure estimation method that uses only an ECG (electrocardiogram) recorded by a wearable device without needing additional equipment. The technology is available via an AI (artificial intelligence)-powered mobile app, allowing users to import an ECG recorded by its wearable device and display blood pressure, heart rate, and HRV metrics. This technology allows users to track and manage their health parameters, such as heart rate and body temperature.

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Key Segments -
The blood pressure monitoring devices market covered in this report is segmented -
1) By Product Type: Digital Blood Pressure Monitor, Sphygmomanometer, Ambulatory Blood Pressure Monitor, Instruments And Accessories, Transducers
2) By Technology: Digital, Aneroid, Wearable
3) By End User: Hospitals, Home-Care Settings, Ambulatory Surgical Centers, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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