Wrist Blood Pressure Monitors Market Size Report, Industry Share, Analysis, Growth, 2030

Wrist Blood Pressure Monitors Industry Prospective:

The global wrist blood pressure monitors market was valued at $1462.53 million in 2022 and is likely to attain a value of $3617.14 million by the end of 2030. The market is likely to expand at a compound rate of 12.24% during the forecast period.

Request Free Sample

The report is focused on the growth drivers, restraints, challenges, and opportunities in the global wrist blood pressure monitor market. It also emphasizes the geographical and competitive market landscape in the wrist blood pressure monitor industry.

Wrist Blood Pressure Monitors Market: Overview

Wrist blood pressure monitors refer to portable devices that help measure the blood pressure of the human body. It is a convenient alternative to the traditional monitors, which were difficult to handle and needed a cuff to be wrapped around the arm. However, these monitors consist of cuffs that are wrapped around the wrist, along with a digital display panel that reflects the readings. These monitors come with several other features like memory storage for storing the reading, heart rate monitoring, and sometimes with connectivity sync options to connect with smartphones. It is a non-invasive method to monitor blood pressure either at home or on the way. The main advantage of these portable blood pressure monitors is that they are lightweight, small, and convenient for traveling.

Key Insights

• As per the analysis shared by our research analyst, the global wrist blood pressure monitors market size is estimated to grow annually at a CAGR of around 12.24% over the forecast period (2023-2030).
• In terms of revenue, the global wrist blood pressure monitors market size was valued at around 1462.53 million in 2022 and is projected to reach 3617.14 million by 2030.
• The growing awareness among people regarding their health is likely to drive the growth of the global wrist blood pressure monitor market.
• Based on the product type, the portable segment accounts for the largest share of the global market.
• Based on the end user, the home care segment is expected to lead the market.
• Based on region, North America is expected to dominate the market during the forecast period.  

Request Free Sample

Wrist Blood Pressure Monitors Market: Growth Drivers

Growing awareness among people regarding their health is likely to boost the growth of the global market.

One of the major factors propelling the growth of the global wrist blood pressure monitors market is the rising awareness among people regarding maintaining their health. Nowadays, people are taking proactive actions to prevent diseases. People use smart devices to constantly monitor their health parameters like blood pressure, diabetes, heart rate, and many others. The wrist blood pressure monitor is one of the widely used devices to monitor blood pressure remotely. For instance, around 116 million people, which accounts for 47% of the population, are suffering from hypertension, according to a study by the Centers For Disease Control And Prevention.

Therefore, such a landscape is likely to accentuate the growth of the global market during the predicted period. The technological advancements are further likely to support the growth trajectory of the global wrist blood pressure monitor industry during the forecast period. Integration of smartphone applications and artificial intelligence has increased the capability of these devices, thereby making them more accessible and popular. These advancements have moved the device one step forward towards reliability and accuracy due to its advanced working mechanism. These devices are much in popularity due to the associated advantages like it's wireless and can record the reading history of the patients.

Wrist Blood Pressure Monitors Market: Restraints

Lack of validation is likely to hamper the growth of the global market.

There are growing concerns regarding the validation of all the wrist blood pressure monitors available in the market because not all wrist monitors undergo a certification or clinical validation process. Therefore, there is rising concern regarding the reliability and accuracy of these monitors, which is further likely to slow down the growth of the global wrist blood pressure monitors market during the forecast period.

Wrist Blood Pressure Monitors Market: Opportunities

Technological advancements are expected to offer lucrative growth opportunities in the global market.

Leading companies are coming up with advanced monitors to improve the usability, convenience, and accuracy of these wrist blood pressure monitoring devices. The ongoing technological advancements are likely to offer notable growth of opportunities in the global wrist blood pressure monitors industry during the predicted period. Advancements in sensor technology are expected to improve the accuracy of these monitors, which in turn will make them more reliable. Also, companies are integrating Bluetooth connectivity features with modern monitors allowing people to sync with their smart devices. It helps in the analysis, storage, and data transfer of the readings to the smart devices.

Moreover, some devices have irregular heartbeat detection features which alert users of potential cardiac issues, thereby widening the scope of the global market during the forecast period. Manufacturers have also innovated user-friendly display screens making these monitors more intuitive with simple navigation, large fonts, and clear display, allowing easy usability for individuals of all age groups. The latest monitors come with cloud storage and built-in memory options offering people a good storage capacity for storing the readings, which can further help in generating trends to consult with health professionals during appointments. Therefore, such a landscape is expected to widen the scope of the global market. For instance, a Chinese company named Huawei Technologies Co., Ltd has launched its smartwatch, which can monitor blood pressure. The popularity of such wristwatches has significantly boosted sales in the Chinese market.

Wrist Blood Pressure Monitors Market: Challenges

Cost is a big challenge in the global market.

Companies are integrating these monitors with advanced technology. Also, they are innovating with compact and less space designs, which in turn is increasing their price. Therefore, the cost is emerging as a big challenge in the global wrist blood pressure monitor industry.

Wrist Blood Pressure Monitors Market: Segmentation

The global wrist blood pressure monitors market can be segmented into product type, end-user, and regions.

On the basis of product types, the market can be segmented into portable and compact. The portable segment accounts for the largest share of the global market because these can be easily carried by the user. It offers flexibility and convenience to the user allowing them to monitor their blood pressure remotely anytime. Also, these are lightweight devices as compared to the traditional big devices, which makes them easy to carry in travel bags, pockets, and purses. Furthermore, it offers on-the-go monitoring facilities, which in turn is also likely to accentuate the growth of the segment during the forecast period. However, the compact segment is also likely to grow significantly during the forecast period owing to its benefits and advanced features.

On the basis of end-user, the market can be segmented into diagnostic laboratories, hospitals, home care, and others. The home care segment is expected to lead the market during the forecast period due to the high usage of these wrist blood pressure monitors in home settings. Its user-friendly design and easy usability further attract people, thereby making them a preferred option in homecare settings. However, the hospital and diagnostic laboratory centers are likely to grow parallelly in the global wrist blood pressure monitors industry because of the growing trend of including advanced devices in the clinics. Such advanced devices consume less time in diagnosing patients, thereby helping health professionals to deal with large patient pools efficiently.

Wrist Blood Pressure Monitors Market: Report Scope

Wrist Blood Pressure Monitors Market: Regional Analysis

North America to maintain its dominant position during the forecast period

North America accounts for the largest share of the global wrist blood pressure monitors market due to the significant rise in the number of hypertension, irregular heartbeats, and cardiovascular and blood pressure cases in the region. The high rate of such health issues among the people in the region is due to the sedentary lifestyle of the people. Therefore, people need wearable monitors that can constantly measure their health metrics and help them track their health issues. People in the region are looking forward to preventive healthcare, therefore adopting proactive actions to keep track of their health and manage their chronic health conditions effectively. Also, the people in the region are fast adopters of modern technology and devices, thereby widening the scope of these wrist blood pressure monitors in the region.

Asia Pacific is another leading region in the global wrist blood pressure monitors market due to the fast aging population in the region. Also, people are widely adopting convenient and technologically advanced devices to monitor their health in homecare settings. Also, it helps in saving time and money, thereby making it an affordable option for the people in the region. The growing trend of online shopping is further likely to boost the sales of these monitors in the region. The growing e-commerce platform is likely to benefit the regional market exponentially during the predicted period.

Europe is also likely to grow steadily during the forthcoming years due to the presence of strong market players in the region. Furthermore, the growing technological advancements and fast-developing healthcare sector is further likely to offer lucrative growth opportunities in the global market.

Wrist Blood Pressure Monitors Market: Competitive Analysis

The key leaders in the global wrist blood pressure monitor market include:

• Proton Healthcare
• Omron
• HoMedics
• Omron Healthcare Welch Allyn Inc.
• SunTech Medical Inc.
• A&D Medical Inc.
• Withings
• American Diagnostics Corp.
• GE Healthcare
• Briggs Healthcare
• Microlife AG
• Kaz Inc.
• GF Health Products Inc.
• Rossmax International Ltd.
• Philips Healthcare
• Spacelabs Healthcare Inc.
• Braun Healthcare
• Hill-Rom Services Inc.
• Biobeat
• Contec
• Others

These leading companies are offering innovative products with user-friendly designs and features to find a competitive edge in the global market and expand the market worldwide. Big companies are investing heavily in boosting research and development activities to come up with advanced products in order to increase their profits.

The global wrist blood pressure monitors market is segmented as follows:

By Product Type

• Portable
• Compact

By End-User

• Diagnostic Laboratories
• Hospitals
• Home Care
• Others

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