Blood Pressure Monitoring Device Market Size, Industry Share, Report 2028

Blood Pressure Monitoring Device Market: Industry Perspective

The global blood pressure monitoring device market size was worth around USD 4.12 billion in 2021 and is predicted to grow to around USD 7.57 billion by 2028 with a compound annual growth rate (CAGR) of roughly 7.6% between 2022 and 2028.

The report analyzes the global blood pressure monitoring device market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the blood pressure monitoring device industry.

Request Free Sample

Blood Pressure Monitoring Device Market: Overview

Blood pressure monitoring devices are utilized in the measurement of blood pressure in arteries. It plays a key role in managing, measuring, and monitoring high blood pressure. The measurements and observations made by these devices are highly accurate and assist doctors in effective medical treatment. Reportedly, an individual requires accurate blood pressure readings with a view to prevent heart disorders and strokes. Furthermore, blood pressure monitoring devices facilitate individuals in testing blood pressure at home. Escalating demand for sensor-driven devices and digitized equipment will steer the expansion of the blood pressure monitoring device industry.

Blood pressure is the force of blood against the walls of blood vessels. Blood pressure is expressed in systolic pressure and diastolic pressure. In blood circulation, the heart contracts and pushes blood to the entire body through arteries, this force creates pressure on arteries and this pressure is referred to as systolic pressure while in diastolic pressure, blood pressure falls between heart beats. Blood pressure monitoring devices are used to measure blood pressure within the arteries. Blood pressure monitoring devices play an important role in measurement, management, and monitoring of hypertension.

Moreover, rise in occurrence of diabetes, obesity, and high blood pressure will prompt demand for blood pressure monitoring device. Firms have added to existing product portfolio, thereby helping blood pressure monitoring device market enter new era of growth. For instance, in January 2021, Koninklijke Philips N.V. entered into partnership with Rennes University in France for reinforcing product line through new offerings in diagnostics, imaging, and patient monitoring devices.

Request Free Sample

Blood Pressure Monitoring Device Market: Dynamics

Rise in occurrence of heart disorders including cardiac arrhythmia and high blood pressure can leverage expansion of blood pressure monitoring device industry. In addition to this, a prominent surge in the use of blood pressure monitor devices for diagnosing comorbidities post-COVID-19 pandemic will drive industry trends. Reportedly, high blood pressure is one of the most common morbidities witnessed in patients hospitalized for COVID-19 virus. Furthermore, technological breakthroughs can enhance exactitude of home blood pressure monitoring equipment. Evolution of mHealth sector and changes witnessed in hypertension diagnosis & management have resulted in huge demand for home blood pressure monitors as a key diagnostic tool. This will enhance the size of blood pressure monitoring device market.

Moreover, escalating demand for non-invasive blood pressure monitoring devices will succor elevation of blood pressure monitoring device market. Surge in smartphone use across globe has culminated in humungous demand for product in forthcoming years. Emergence of new mobile techniques addressing hypertension monitoring and relevant for physicians will expand product line over the ensuing years. Nevertheless, inadequate compensation guidelines for diagnostics methods can hinder expansion of blood pressure monitoring devices industry.

Increasing prevalence of heart disorders, changing the unhealthy population, increasing geriatric population and rising obese population are the major factors responsible for the growth of blood pressure monitoring device market. In addition, new emerging innovative technologies such as mobile-based BP monitoring systems and automated BP monitoring systems are propelling the growth of blood pressure monitoring device market. Furthermore, increasing awareness about BP monitoring in rising geriatric population is expected to drive the growth of blood pressure monitoring device market during the forecast period. In spite of this, the high cost and accuracy of devices are major factors affecting the growth of the blood pressure monitoring device market. However, the untapped market, increasing investment by manufacturers and support by governments are expected to generate new opportunities during the forecast period for the blood pressure monitoring device market.

Blood Pressure Monitoring Device Market: Report Scope

Blood Pressure Monitoring Device Market: Segmentation

The global blood pressure monitoring device market is segmented based on device type, accessory type, product, end-use, and region.

Based on the device type, the blood pressure monitoring device market has been segmented as a mercury-based blood pressure monitor device and digital blood pressure monitor device. Mercury-based blood pressure monitors are more accurate and mostly used as a standard tool for blood pressure monitoring but are comparatively more difficult to handle than digital blood pressure monitors. Digital blood pressure monitors are battery-operated and they have a cuff, a valve, and a pressure transducer. Mercury-based blood pressure monitors are further classified as mercury sphygmomanometers and aneroid sphygmomanometers while digital blood pressure monitors are classified as arm-type, wrist-type, and finger-type.

By accessory type, the blood pressure monitoring device market has been segmented as blood pressure cuffs, manometers, valves & bladders, and others. The blood pressure monitoring device market is dominated by blood pressure cuffs and manometers.

Based on the end-user, the blood pressure monitoring device market has been segmented as hospitals, home healthcare, and ambulatory units. The homecare segment accounted for the highest share in the blood pressure monitoring device market with high and increasing demand. In the forecast period, the homecare segment is expected to generate more revenue by new emerging technologies.

Blood Pressure Monitoring Device Market: Regional Analysis

North America is Expected to Hit Scalable Heights Over 2022-2028

Based on geography, the blood pressure monitoring device market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America dominated the blood pressure monitoring device market due to high demand and increasing the prevalence of cardiovascular diseases. In Europe, the market has been dominated by Denmark and U.K. due to the successful launch of telehealth services. 

Expansion of blood pressure monitoring device market in Asia Pacific over forecasting years can be credited to rise in aging populace prone to chronic ailments. Surge in patient population pool suffering from hypertension and high focus on key players on investing in APAC countries will drive regional market growth. Countries such as Japan and China are projected to be major regional revenue pockets.

Furthermore, swiftly improving healthcare facilities and increase in undiagnosed & untreated high blood pressure cases in region will provide impetus to growth of blood pressure monitoring devices market in Asia Pacific zone. Favorable government policies and focus on using user-friendly devices for monitoring blood pressure will create huge demand for blood pressure monitoring devices.

Blood Pressure Monitoring Device Market: Competitive Landscape

The global blood pressure monitoring device market is dominated by players like:

• Microlife AG
• GF Health Products Inc.
• Omron Healthcare Co., Ltd.
• Panasonic Corporation
• A&D Medical Inc.
• Kaz Inc.
• Welch Allyn Inc.
• American Diagnostics Corporation
• SunTech Medical Inc.
• Withings
• Briggs Healthcare
• Philips Healthcare
• Rossmax International Ltd.
• Spacelabs Healthcare Inc.
• GE Healthcare

The global blood pressure monitoring device market is segmented as follows;

By Device Type

• Mercury-Based Blood Pressure Monitor Device
• Digital Blood Pressure Monitor Device

By Accessory Type

• Blood Pressure Cuffs
• Manometers
• Valves & Bladders
• Others

By Product

• Sphygmomanometers/Aneroid BP Monitors
• Ambulatory BP Monitors

By End-Use

• Hospitals
• Home Healthcare
• Ambulatory Units

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa