Blood Pressure Monitors Market size was over USD 1.25 billion in 2024 and is poised to reach USD 5.4 billion by the end of 2037, witnessing around 11.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of blood pressure monitors is assessed at USD 1.37 billion.
The growth of the market can be attributed to the worldwide rise in the number of people suffering from hypertension as a result of changing lifestyles. The global population is becoming more occupied with their career and other hectic aspects of life and not paying attention to their mental health. According to the World Health Organization, as a result of hypertension, there is an increased likelihood of a heart attack, stroke, or kidney failure. It is estimated that there are 1.28 billion adults worldwide aged 30-79 years with hypertension, with 66% living in low- and middle-income countries. Further, the rapidly growing ratio of aged people, an increase in lifestyle-associated disorders, and increasing stress levels among people throughout the world are also expected to add to the market’s growth over the forecast period.
In addition to these, factors that are believed to fuel the market growth of blood pressure monitors include the rising cases of obesity & sedentary lifestyle, soaring penetration of mobile-based BP monitoring systems, and digital sphygmomanometers. Moreover, an increasing prevalence of diabetes is another prominent factor that is anticipated to accelerate global blood pressure monitors market growth over the forecast period. In addition, increasing awareness of routine checkups, increased purchasing power, and the popularity of wearable & portable devices, along with innovative product launches by key manufacturers are projected to drive global blood pressure monitors growth over the forecast period. For instance, in 2019, A&D Medical Company, a global leader in blood pressure monitoring solutions, launched a new line of professional blood pressure monitors that enable healthcare professionals to diagnose hypertension accurately and monitor blood pressure over time.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
11.8% |
Base Year Market Size (2024) |
USD 1.25 billion |
Forecast Year Market Size (2037) |
USD 5.4 billion |
Regional Scope |
|
Product Type (Aneroid BP Monitors, Sphygmomanometers, Digital BP Monitors, Ambulatory BP Monitors)
The global blood pressure monitors market is segmented and analyzed for demand and supply by product type into aneroid BP monitors, sphygmomanometers, digital BP monitors, and ambulatory BP monitors. Out of these four types of segments, the ambulatory BP monitors segment is anticipated to capture the largest market size in the global blood pressure monitors industry. The growth of the segment can be attributed to the increasing technological advancements in healthcare, and the emergence of innovative products by key market players. For instance, Biobeat announced in June 2021 the availability of a disposable and easy-to-use ambulatory BP monitor (ABPM) system, which allows physicians to monitor the patient's cardiac data out-of-the-office environment, providing physicians with a comprehensive, and accurate evaluation of their patient's health. Patients can employ an ambulatory blood pressure monitor to track blood pressure measurements over a 24-hour period.
End-user (Hospitals, Ambulatory Surgical Centers, Home Health Care)
The global blood pressure monitors market is also segmented and analyzed for demand and supply by end-user into hospitals, ambulatory surgical centers, home health care, and others. Amongst these segments, the hospitals segment is expected to garner a significant share. The growth of the segment can be attributed to the surging patient pool as a result of numerous cardiovascular disorders, coupled with an increase in the proportion of routine checkups. On the other hand, the home health care segment is projected to witness a massive CAGR during the forecast period, owing to the rising health awareness amongst people worldwide, coupled with an increasing preference to shift from hospitals to home care. Besides this, escalation in diabetes cases is also providing prominent growth to the segment since diabetes patients also require to check their blood pressure on a routine basis. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years. According to figures provided by the World Health Organization, diabetes kills 1.5 million people per year and significantly affects 422 million people worldwide, with a significant proportion residing in low- and middle-income nations.
Our in-depth analysis of the industrial coatings market includes the following segments:
By Product Type |
|
By End User |
|
North American Market Forecast
The North America blood pressure monitors market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the rising prevalence of heart diseases, backed by the sedentary lifestyles of individuals. According to the Centers for Disease Control and Prevention, cardiovascular disease is the leading cause of death in the United States, with one person dying every 34 seconds. In 2020, about 697,000 Americans died from heart disease. Further, the presence of developed healthcare infrastructure, along with growing investment in accurate and effective blood pressure monitors, technological advancements, and new product launches, are also anticipated to contribute to the market’s growth in the region. In addition, the surge in undiagnosed and untreated high blood pressure cases is also anticipated to boost the market growth during the forecast period.
Asia Pacific Market Forecast
Furthermore, the Asia Pacific blood pressure monitors market is estimated to display remarkable market growth by the end of 2037. The growth of the market can be attributed to the surge in stressful lifestyles, coupled with an unhealthy diet, and the increasing demand for hypertension drugs, followed by the rise in the count of patients that are dealing with hypertension disorder in the region. For instance, according to clinical studies, the pooled prevalence of assessed hypertension in Vietnam in 2019 was roughly 25%. In addition to this, the growing prevalence of obesity in women and children is another significant factor that is projected to expand the growth of the global pressure monitors market in the region over the projected time frame.
OMRON Healthcare, Inc. has teamed up with Mount Sinai Health System to offer home blood pressure monitoring solutions through VitalSight. In an effort to eliminate heart attacks and strokes, the VitalSight home blood pressure monitor is the latest addition to OMRON Healthcare's comprehensive line of home blood pressure monitors.
A&D CO., LTD. has introduced a new line of Ambulatory Blood Pressure Monitors (ABPM) in two models. These two models (TM-2440 and TM-2441) are lightweight, small, and designed to improve patient compliance. The premium model (TM-2441) includes high-tech sensors to measure environmental parameters as well as take blood pressure measurements for 24 hours.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?