Blood Pressure Monitoring Devices Market Poised for Steady Growth, Fueled by Innovation and Rising Surgical Volumes | DelveInsight

The global blood pressure monitoring devices market was valued at USD 1.04 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.68% between 2024 and 2030, reaching USD 2.10 billion by 2030. This market is experiencing positive growth due to factors such as the rising prevalence of hypertension, an increasing elderly population, the growing incidence of cardiovascular diseases, and ongoing technological advancements in device offerings. As a result, the blood pressure monitoring devices market is projected to expand steadily throughout the forecast period from 2024 to 2030.

DelveInsight's Blood Pressure Monitoring Devices Market Insights report provides the current and forecast market analysis, individual leading Blood Pressure Monitoring Devices companies' market shares, challenges, Blood Pressure Monitoring Devices market drivers, barriers, and trends, and key Blood Pressure Monitoring Devices companies in the market.

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Key Takeaways from the Blood Pressure Monitoring Devices Market Report
The Blood Pressure Monitoring Devices market is projected to grow at a moderate CAGR from 2025 to 2032.
As per DelveInsight estimates, North America is anticipated to dominate the global Blood Pressure Monitoring Devices market during the forecast period.
Notable Blood Pressure Monitoring Devices companies such as Koninklijke Philips N.V, General Electric Company, A&D Company, Hill-Rom Services Inc, American Diagnostic Corporation, Withings, Spacelabs Healthcare, Braun Healthcare, GF HEALTH PRODUCTS INC, Microlife Corporation, Rossmax International Ltd, OMRON Healthcare Inc, SCHILLER AG, Contec, Spengler, ICU Medical Inc, B. Braun Melsungen AG, Biobeat, Aktiia SA, Caretaker LLC, and several others are currently operating in the Blood Pressure Monitoring Devices market.
In January 2022, ICU Medical Inc., a San Clemente, California-based company with global operations specializing in the development, manufacturing, and sale of medical technologies for vascular therapy, oncology, and critical care, announced the completion of its acquisition of Smiths Medical from Smiths Group plc. Smiths Medical is a leading global provider of medical devices, including syringe and ambulatory infusion systems, vascular access solutions, and vital care products.
In November 2021, Aktiia, a Swiss company known for its cuffless blood pressure monitor technology, received the CE Mark as a Class IIa medical device in Europe. The device is now available for pre-order in the UK via the Aktiia website.
In September 2021, Caretaker Medical, a MedTech Innovator, secured FDA clearance for its VitalStream blood pressure and hemodynamic patient monitoring system. This technology uses a low-pressure finger sensor paired with a wrist-worn device to provide continuous, noninvasive blood pressure monitoring. Additionally, it can perform remote "spot-check" tests using artificial intelligence to collect blood pressure and hemodynamic data.


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Blood Pressure Monitoring Devices Overview

Blood pressure monitoring devices are medical instruments designed to measure and track an individual's blood pressure levels. They play a crucial role in diagnosing and managing hypertension and other cardiovascular conditions.

Blood Pressure Monitoring Devices Market Insights

Among all regions, North America is projected to lead the global blood pressure monitoring devices market in 2021 and is expected to maintain this dominance throughout the forecast period from 2024 to 2030. Key factors such as the rising prevalence of cardiovascular diseases and continuous technological advancements in device offerings are anticipated to drive demand for blood pressure monitoring devices in the North American market.

According to the latest data from the Centers for Disease Control and Prevention (CDC) in 2022, heart disease causes over 659,000 deaths annually in the United States, accounting for one in every four deaths. The CDC also reported that in 2019, coronary heart disease-the most common type of heart disease-resulted in approximately 360,900 deaths in the U.S., while around 18.2 million adults aged 20 and older (about 6.7%) were affected by the condition. The growing prevalence of cardiovascular diseases is expected to boost the demand for blood pressure monitoring devices, as these devices play a crucial role in monitoring and managing blood pressure, which helps maintain heart health and reduces the risk of cardiovascular complications. This increased demand will, in turn, propel the growth of the blood pressure monitoring devices market throughout the forecast period from 2024 to 2030.

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Blood Pressure Monitoring Devices Market Dynamics

A primary factor driving the blood pressure monitoring devices market is the rising prevalence of hypertension. For example, data from the World Health Organization (WHO) published in August 2021 indicates that approximately 1.28 billion people aged 30 to 79 have been affected by hypertension over the past thirty years. As a result, blood pressure monitoring devices are essential for measuring and managing blood pressure in individuals with hypertension, boosting the demand for these devices and fueling market growth during the forecast period from 2024 to 2030.

Another significant contributor to the market's expansion is the growing geriatric population. According to WHO data from October 2021, the proportion of people aged 60 and above is expected to double from 12% to 22% between 2015 and 2050, reaching 2.1 billion by 2050. Additionally, by 2030, one in six individuals globally will be aged 60 or older. The number of people aged 80 and above is projected to triple from 2020 to 2050, reaching 426 million. Since the risk of cardiovascular diseases-such as heart attacks, congenital heart disease, coronary artery disease, and aortic diseases-increases with age, the growing elderly population is driving up demand for blood pressure monitoring devices, thereby supporting market growth.

In summary, the increasing prevalence of hypertension combined with the expanding geriatric population is expected to significantly boost the demand for blood pressure monitoring devices, propelling the overall market growth during the forecast period from 2024 to 2030.

Blood Pressure Monitoring Devices Market Drivers:
Increasing prevalence of hypertension and the surge in geriatric population

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Scope of the Blood Pressure Monitoring Devices Market Report:
Coverage: Global
Study Period: 2022 to 2032
Key Blood Pressure Monitoring Devices Companies: Koninklijke Philips N.V, General Electric Company, A&D Company, Hill-Rom Services Inc, American Diagnostic Corporation, Withings, Spacelabs Healthcare, Braun Healthcare, GF HEALTH PRODUCTS INC, Microlife Corporation, Rossmax International Ltd, OMRON Healthcare Inc, SCHILLER AG, Contec, Spengler, ICU Medical Inc, B. Braun Melsungen AG, Biobeat, Aktiia SA, Caretaker LLC, and others.

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This release was published on openPR.