Blood Pressure Monitors Market Size & Share, by Product Type (Aneroid BP Monitors, Sphygmomanometers, Digital BP Monitors, Ambulatory BP Monitors); End-user (Hospitals, Ambulatory Surgical Centers, Home Health Care) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4572
  • Published Date: Feb 16, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Blood Pressure Monitors Market size is anticipated to reach USD 3 Billion by the end of 2033, growing at a CAGR of 12% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of blood pressure monitors was USD 1 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.


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Blood Pressure Monitors Sector: Growth Drivers and Challenges

Growth Drivers

  • Increase in Geriatric Population - Approximately 747,238,580 people over the age of 60 are estimated to be living around the world at the end of 2021, according to a recent report by the World Bank. Future projections predict an increase in the number. As the geriatric population grows and lifestyle-associated disorders become more prevalent among a wider population owing to obesity and sedentary lifestyles, BP monitors have become very popular. Keeping blood pressure under control was critical even before COVID-19, and is even more so now. Routine checkups among older people are essential to keeping track of blood pressure, this factor is expected to propel the growth of the global blood pressure monitors market over the forecast period.
  • Rising Cases of Atrial Fibrillation (Afib) Around the World- One of the most common heart arrhythmias treated is atrial fibrillation. Generally, arrhythmias are caused by fast or irregular heartbeats, which can cause blood clots in the heart. Such a condition can prove more dangerous if a person has diabetes and high blood pressure problems. As per the estimation of the Centers for Disease Control and Prevention, 12.2 million Americans are estimated to suffer from atrial fibrillation by 2030.
  • Increasing Prevalence of Chronic Diseases Worldwide- Blood pressure monitors are used for the chronic disease management, that is further predicted to boost the market’s growth.  According to the Centers for Disease Control and Prevention, 6 out of 10 adults in the United States suffer from a chronic disease.
  • A Surge in Exports of Medical Devices - Data from the International Trade Centre (Trade Map) shows that the value of medical devices exported globally was USD 134,418,270 in 2018, growing to USD 153,157,380 in 2020.
  • Increasing Medicare Expenditure - As per the data from the Centers for Medicare & Medicaid Services, the Medicare budget rose by 3.5% to USD 829.5 billion in 2020, which represents 20% of the total national healthcare budget.

Challenges

  • High Cost of Advanced Blood Pressure Monitoring Devices - One of the major factors affecting the growth of the global blood pressure market negatively is the higher cost associated with monitoring devices. Furthermore, monitoring devices comprise many expensive components to provide results with accuracy, hence, the price of these devices also increases.
  • Lack of Awareness in Developing Countries
  • Battery-Dependent Digital Devices

Blood Pressure Monitors Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

12%

Base Year Market Size (2022)

USD 1 Billion

Forecast Year Market Size (2033)

USD 3 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Blood Pressure Monitors Segmentation

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

  • Aneroid BP Monitors
  • Sphygmomanometers
  • Digital BP Monitors
  • Ambulatory BP Monitors

               By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Home Health Care
  • Others

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Blood Pressure Monitors Industry - Regional Synopsis

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 2033. 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 2033. 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.

Research Nester
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Companies Dominating the Blood Pressure Monitors Landscape

top-features-companies
    • AMERICAN DIAGNOSTIC CORPORATION
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Rossmax Swiss GmbH
    • Spacelabs Healthcare, Inc.
    • A&D CO., LTD.
    • Biobeat Technologies Ltd.
    • Kaz Europe Sàrl
    • Hill-Rom Holdings, Inc.
    • OMRON Healthcare, Inc.
    • GF Health Products, Inc.
    • Masimo Corporation

In the News

  • 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 Gupta, Shivam Bhutani


  • Report ID: 4572
  • Published Date: Feb 16, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increase in geriatric population, rising cases of atrial fibrillation (Afib) around the world, and increasing prevalence of chronic diseases worldwide are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 12% over the forecast period, i.e., 2023-2033.

High cost of advanced blood pressure monitoring devices, lack of awareness in developing countries, and battery-dependent digital devices are estimated to be the growth hindering factors for the market expansion.

The market in the North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are AMERICAN DIAGNOSTIC CORPORATION, Rossmax Swiss GmbH, Spacelabs Healthcare, Inc., A&D CO., LTD., Biobeat Technologies Ltd., Kaz Europe Sàrl, Hill-Rom Holdings, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, end user, and by region.

The ambulatory BP monitors segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Blood Pressure Monitors Market Report Scope
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