Blood Pressure Monitoring Devices Market Size, Share, Opportunities, And Trends By Type (Aneroid BP Monitors, Ambulatory BP Monitors, Digital BP Monitors), By End-User (Hospitals, Ambulatory Surgical Centers, Others), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2025 To 2030

Blood Pressure Monitoring Devices Market Size:

The Blood Pressure Monitoring Devices Market will grow from USD 2.254 billion in 2025 to USD 3.320 billion by 2030, at a CAGR of 8.05%.

A blood pressure monitor is a medical device either digital or manual used for monitoring blood pressure. The blood pressure monitoring devices market is projected to witness promising growth over the forecast period which may be attributable to the fact that there has been a surge in the prevalence of hypertension due to changing hectic lifestyles of people, particularly in the developing economies of the world.

Moreover, the growing prevalence of cardiovascular disease and the growth in the number of hospitalizations in various parts of the world are further projected to amplify the demand for ambulatory BP monitors during the forecast period. Furthermore, the constant participation by the market players in the form of R&D and the launch of new and enhanced products in the market further propels the business growth opportunities for the market players over the course of the next five years.

On the other hand, the advancement in technology and the integration of monitoring solutions in smartphones and wearables, and the development of wireless cuffs and devices further show the lucrativeness of the market in the near future.  For instance, in January 2019, Omron Corporation announced the launch of its latest innovation in the field of patient monitoring by launching HeartGuide, the first wearable blood pressure monitor, with FDA clearance received in December 2018.

Blood Pressure Monitoring Devices Market Driver:

• The rising prevalence of CVDs and other related diseases is driving the market growth

Cardiovascular diseases are those diseases that affect the heart or blood vessels. A growing number of people diagnosed with heart disease is the major factor propelling the number of hospitalizations and surgeries globally. According to the statistics by the World Health Organization, CVDs are the number one cause of death globally in which around 17.9 million people die each year due to cardiovascular diseases (CVDs), an estimated 31% of all deaths worldwide. Increasing consumption of tobacco, unhealthy diet and physical inactivity are raising the risk of heart attacks and strokes.

According to the WHO, four out of five CVD deaths are due to heart attacks. Thus, a rising prevalence of heart diseases is considered to be one of the prominent supplementing the demand for these devices in the coming years. Similarly, an unhealthy and sedentary lifestyle among people living in both developed and developing economies has also propelled the prevalence of hypertension across the globe. For instance, around 1.13 billion people with hypertension, and major of them live in low and middle-income countries (Source: The World Health Organization). The organization also aims to reduce the prevalence of hypertension by 25% by the year 2025, which in turn further provides an impetus to the market growth during the given time frame and beyond.

Blood Pressure Monitoring Devices Market Segment Analysis:

The segmentation of the global blood pressure monitoring devices has been done on the basis of type, end-user, distribution channel, and geography. By type, the classification of the market has been done on the basis of aneroid BP monitors, digital BP monitors, and ambulatory BP monitors. On the basis of end-users, the classification of the market has been done as hospitals, ambulatory surgical centers, and others. By the distribution channel, the market has been classified as online and offline. Geographically, the distribution of the market has been done inIn  North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Blood Pressure Monitoring Devices Market Geographical Outlook:

• APAC to witness a significant growth

North America and Europe are projected to hold a significantly large share of this market. The growth in these regions is majorly attributed to state-of-the-art healthcare infrastructure and growing health concerns regarding patient monitoring which is expected to continue improving as industry players continue to funnel in huge investments in this sector in these regions. The market in the Asia Pacific is anticipated to grow at a noteworthy market share due to the presence of a significantly larger population base, and a growing prevalence of chronic diseases. The growth in the geriatric population is also one of the factors driving the market growth in the Asia Pacific region.

Blood Pressure Monitoring Devices Market Competitive Insights:

Prominent/major key market players in the global blood pressure monitoring devices market include A&D Company Ltd., Omron Corporation^[1], and Smiths Group plc among others. The players in the global blood pressure monitoring devices market are implementing various growth strategies to gain a competitive advantage over their competitors in this market.

Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global blood pressure monitoring devices market.

The Blood Pressure Monitoring Devices Market is analyzed into the following segments:

• North America

  • USA

  • Canada

  • Mexico

• South America

  • Brazil

  • Argentina

  • Others

• Europe

  • Germany

  • France

  • United Kingdom

  • Spain

  • Others

• Middle East and Africa

  • Saudi Arabia

  • UAE

  • Others

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Indonesia

  • Thailand

  • Others