Blood Pressure Monitoring Devices Market Size, Share & Trends Analysis By Product (Sphygmomanometers, Digital BP Monitor, Ambulatory BP Monitors), By End-use, And Segment Forecasts, 2022 - 2030

Report Overview

The global blood pressure monitoring devices market size was estimated at USD 1.9 billion in 2021 and is projected to expand further at a CAGR of 11.5% from 2022 to 2030. Increasing incidences of hypertension due to changing lifestyles are the key factor attributing to the growth of the industry over the forecasted period. According to a report published by the World Health Organization (WHO) in 2019, around 1.28 billion people around the globe suffered from hypertension, which is a major cause of premature death worldwide. The demand for BP monitors is very high on account of the growing geriatric population base and increasing risk of lifestyle-associated disorders among a wide population base due to rising incidences of obesity & sedentary lifestyle. Self-measured home blood pressure monitoring was vital even before COVID-19, and it is even more important now to keep blood pressure under control. The American Heart Association and the American Society of Hypertension, as well as the European Society of Hypertension and the National Institute for Health and Care Excellence (NICE), strongly advise that blood pressure must be monitored twice daily for seven consecutive days, preferably in the morning and evening, with two measurements taken 1–2 minutes apart on each occasion, hence fueling the demand for BP monitors. Initiatives taken by the government such as public blood pressure monitoring programs to create awareness amongst people and maintain the database created by remotely operational BP monitors is expected to propel further growth during the period in focus. For instance, in February 2019, an activity funded by American Medical Association (AMA), named The Integrated Health Model Initiative (IHMI) launched a data management model for providing opportunities to improve health outcomes

Advancements such as mobile-based BP monitoring systems and digital sphygmomanometer is anticipated to drive the demand. Improvement in devices for measuring blood pressure such as, Wearable & portable devices and mobiles are gaining popularity owing to associated benefits such as the wireless transmission of patient information and easy handling. New technologies such as mHealth, which supports treatment & medication compliances for patients in chronic disease management is likely to fuel the industry growth. It helps in tracking the patient’s health information, medication schedule, and follow-up for the treatment. These associated advantages are some of the factors expected to propel business growth.

The increasing burden of hypertension globally has led to a rise in the demand for home monitoring devices over time. In addition, associated benefits with automated devices such as repetitive measurements of blood pressure to check the accuracy and a ban on mercury devices are factors contributing to the global blood pressure monitoring devices market growth. Self-measurement devices are gaining popularity during the forecast period due to associated benefits such as good monitoring, detection and control are further anticipating the segment growth. Automated blood pressure monitors are available in different forms including the arm, wrist, and fingers for the measurement of blood pressure.

New product launches along with technological advancements is further expected to fuel the demand. For instance, in February 2021, Hillrom announced that it acquired contact-free continuous monitoring technology from EarlySense for USD 30 million. This acquisition is likely to help the company develop next-generation AI-based sensing technologies, specifically for the remote patient care market.

Product Insights

The aneroid BP monitors/ sphygmomanometers accounted for the largest market share at over 42.0% due to their growing demand in 2021. Technological advancements coupled with new product launches is expected to further fuel the demand for sphygmomanometers globally. For instance, in January 2017, Omron Healthcare, Inc. launched Omron EVOLV, a wireless, portable upper arm blood pressure monitor. Demand for digital sphygmomanometers is expected to exhibit a lucrative CAGR due to associated advantages such as accurate results and ease of use.

In addition, continuous technological improvements such as advances in wearable technology, apps, and mobiles in the consumer healthcare segment, the declining average selling price for retailers and manufacturers, and rising penetration in the professional market are the factors propelling expansion in the business. Examples of technologically advanced digital BP monitors available in the market include Microlife WatchBP home A, QardioArm, LifeSource Advanced one-step auto inflate blood pressure monitor and iHealth blood pressure monitor from Omron healthcare.

Blood pressure cuffs are expected to grow at a significant rate over the forecast period due to the increasing usage of blood pressure monitors contributed by the growing incidence of high blood pressure. These cuffs are available in different sizes, according to the patient type. Two types of cuffs, disposable and reusable are available in the market. Amongst this, the disposable segment is anticipated to grow at a high CAGR due to the rising adoption of eco-friendly products and increasing concern regarding hospital-based cross-contamination events.

End-use Insights

Hospitals & clinics, ambulatory surgical centers, and home healthcare are the end-use segments analyzed in the blood pressure monitoring devices market. The hospitals & clinics segment accounted for the largest revenue share as of 2021 due to the presence of a large patient pool. The adoption of BP monitoring devices is driven by the need for cost-effective, fast, and accurate diagnostic tools for better health outcomes.

Home healthcare is anticipated to exhibit a sturdy CAGR of around 12.6% over the forecast period. Cost efficiency of this alternate option for BP monitoring with the availability of smart wearables that offers mobility is expected to support the growth. Therefore, inclination towards independent living is expected to propel the home healthcare market. Ambulatory BP monitoring (ABMP) is used to measure out-of-office BP readings at specific time intervals, over a period of 24 hours. ABPM offers a better way to predict long-term cardiovascular disease outcomes.

Regional Insights

North America held the largest revenue share of above 48.5% in 2021 as it has a highly regulated & developed healthcare infrastructure. Increasing investments in the development of accurate and effective BP monitors is the key factor expected to contribute to the industry growth of blood pressure monitoring devices in the coming years. Moreover, new product launches along with technological advancements are further expected to fuel the market growth. For instance, in February 2020, Hillrom announced the commercial launch of a new device-Welch Allyn Spot Vital Signs 4400—which is an easy-to-use next-generation vital signs device used to improve hypertension detection in ambulatory & emergency department settings.

Asia-Pacific, on the other hand, is expected to grow at a rapid pace over the forecast owing to the presence of untapped opportunities, increasing investments by manufacturers, growing awareness levels, and rising incidences of hypertension. Rapidly improving healthcare facilities and the rising number of undiagnosed & untreated cases of high BP are key factors attributing to this regional market growth. Supportive government initiatives for increasing awareness among people and a rapidly growing target disease population base are further contributing to the lucrative growth of BP monitoring devices market in this region. For instance, in May 2018, The Indian Council of Medical Research (ICMR), in collaboration with the Public Health Foundation of India launched “May Measurement Month 2018” campaign to spread awareness about blood pressure, which is the leading cause of mortality and morbidity in India.

Key Companies & Market Share Insights

The market is witnessing intense competition as it is price sensitive. The companies are adopting competitive strategies such as mergers & acquisitions, strategic alliances, collaborative agreements, and partnerships to sustain in the competition. The industry growth is directly associated with the rising investments by manufacturers in the development of cost-effective, innovative, and easy-to-use products. For example, in February 2019, PhysIQ Inc. and Omron Healthcare entered into a collaborative agreement for integrating HeartGuide wearable BP monitor of Omron into pinpointIQ platform used in outpatient facilities. Such initiatives are expected to present this market with lucrative opportunities.

Some prominent players in the global blood pressure monitoring devices market include.

• Omron Healthcare Welch Allyn, Inc.

• A&D Medical Inc.

• American Diagnostic Corporation

• Withings Briggs Healthcare

• Philips Healthcare

• Rossmax International Ltd.

• GF Health Products Inc.

• Spacelabs Helathcare Inc.

• GE Healthcare

• Kaz Inc.

Blood Pressure Monitoring Devices Market Report Scope

Segments Covered in the report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global blood pressure monitoring devices market report based on product, end-use, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Sphygmomanometer/Aneroid BP Monitor

  • Automated/Digital Blood Pressure Monitor

    • Arm

    • Wrist

    • Finger

  • Ambulatory Blood Pressure Monitor

  • Transducers

    • Disposable

    • Reusable

  • Instruments and Accessories

    • Blood pressure cuffs

      • Disposable

      • Reusable

      • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  •  Hospitals

  • Ambulatory Surgical Centers & Clinics

  • Home Healthcare

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

  • Asia Pacific

    • Japan

    • China

    • India 

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • South Africa