Blood Pressure Monitoring Devices Market Forecast (2020–2030), and Global and Regional Share, Trend, and Growth Opportunity Analysis
Coverage: Product (Mercury Columns, Aneroid Blood Pressure Monitors, and Digital Blood Pressure Monitors), Type (Arm, Wrist, Finger, and Others), End User (Hospitals & Clinics, Homecare Settings, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
According to our latest study on “Blood Pressure Monitoring Devices Market Forecast to 2030 – Global Analysis – Product, Type, and End User,” the blood pressure monitoring devices market value is expected to reach US$ 5,346.65 million by 2030 from US$ 2,387.21 million in 2022; the market is estimated to record a CAGR of 10.6% during 2022–2030. The report highlights the key factors driving the market and prominent players with their developments. Major growth enablers in the blood pressure monitoring devices market include a rise in the incidence of cardiovascular diseases and an upsurge in the geriatric population. However, the risk of cybersecurity vulnerabilities hampers the market growth.
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Companies operating in the blood pressure monitoring devices market focus on strategic developments such as collaborations, expansions, agreements, partnerships, and new product launches, which help them improve their sales, expand their geographic reach, and enhance their capacities to cater to a larger than existing customer base. A few of the noteworthy developments in the blood pressure monitoring devices market are mentioned below:
· In January 2023, Valencell launched its own branded product line in the Digital Health segment. The company’s first product candidate focuses on helping patients monitor and manage hypertension using an intuitive app combined with an innovative OTC device to precisely measure blood pressure from the finger without a cuff or calibration.
· In Oct 2022, OMRON Healthcare upgraded its portfolio of blood pressure monitors by converting them into “connected” devices. This major upgrade in the portfolio was meant to help users and healthcare practitioners gain seamless, effortless, more real-time, and accurate control over hypertension management. The connected devices allow the blood pressure data to transfer effortlessly through the OMRON Connect application (app).
· In February 2022, Inbody launched its new BP 170 automatic blood pressure monitor, which offers individuals an option to self-record and track key health parameters at home.
· In June 2021, Biobeat launched a cuffless continuous ambulatory blood pressure monitor. The new device differs from typical care products as it is cuffless and can capture data on a patient’s cardiac health throughout the day.
· In December 2020, DetelPro, the health and hygiene vertical of Detel India, launched a new digital monitoring solution. This BP device is equipped with voice technology that allows people to hear their blood pressure readings. It also has an arrhythmia indicator that notifies users of irregular heartbeat readings. This device consists of 99 sets of storage for 2 people at a time and has an adjustable large arm cuff that fits various arm circumferences.
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