The global Blood Pressure Monitoring Devices Market Growth Accelerated by Remote Patient Monitoring
Blood pressure monitoring devices are medical devices widely used for measuring blood pressure non-invasively. The application of blood pressure monitoring devices in remote patient monitoring has proved beneficial for elderly and chronically ill patients in managing their condition from home. Remote patient monitoring allows continuous monitoring of vital health parameters like blood pressure, heart rate, glucose level etc. and automatic transmission of data to healthcare providers. This has prevented unnecessary hospital visits and reduced healthcare costs.
The global Blood Pressure Monitoring Devices Market is estimated to be valued at US$ 2 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of the blood pressure monitoring devices market is the increasing adoption of ambulatory and home-based blood pressure monitoring. Ambulatory blood pressure monitoring provides automated multiple readings of BP outside the clinical setting over 24-hour period which offers significant advantages over conventional office BP measurements. Home blood pressure monitoring also allows frequent measurements in a familiar environment. This prevents white-coat hypertension effect and helps in more accurate diagnosis and effective treatment management. With rising awareness about benefits of out-of-clinic blood pressure monitoring and growing digital health solutions, market for wearable and smartphone-connected blood pressure monitors is expected to showcase highest growth over the forecast period.
Segment Analysis
The global blood pressure monitoring devices market can be segmented based on product type into sphygmomanometers, automatic blood pressure monitors, ambulatory blood pressure monitors, and blood pressure transducers. Among these, the automatic blood pressure monitors segment dominates the market and accounts for over 30% share. This is because automatic blood pressure monitors offer more convenient monitoring of blood pressure without manual inflation as compared to sphygmomanometers.
Key Takeaways
The Global Blood Pressure Monitoring Devices Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Blood Pressure Monitoring Devices Market is estimated to be valued at US$ 2 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030.
North America currently dominates the market and is expected to continue its dominance over the forecast period. This is because of high prevalence of hypertension, growing geriatric population, and rising awareness regarding home monitoring in the region. The Asia Pacific region is expected to be the fastest growing market during the forecast period. This is owing to large population base suffering from hypertension, rising healthcare expenditure, and increasing awareness regarding benefits of home monitoring in countries like India and China. Countries like India, China, and Japan are expected to be the major revenue generators for blood pressure monitoring devices in the region.
Key players related content comprises:
Key players operating in the blood pressure monitoring devices market include Rent the Runway, Poshmark, Elanic Services Private Limited, Dress & Go, GlamCorner Pvt Ltd., Envoged, Etashee, Secoo Holdings Limited, and Secret Wardrobe. Rent the Runway dominates the market owing to its wide variety of designer brands and convenient rental plans for dresses, accessories and more.
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