- Ambulatory Blood Pressure Monitors
- Automated Blood Pressure Monitors
- Blood Pressure Transducers
Blood Pressure Monitoring Devices Market size valued USD 4371.79 million in 2022 and is poised to grow at a CAGR of 7.6% from 2023 to 2029. Blood pressure monitoring devices are the medical devices used to monitor the outpatient blood pressure. These devices comprise of measuring unit, an inflatable cuff, and a technique for inflation that might be either electronically operated pump or manually operated valve and bulb. Both manual and digital blood pressure monitors are used presently with more preciseness and convenience. Normal blood pressure of an active person is 120/80 and blood pressure is monitored in hypertension and hypotension. Sphygmomanometer is the most commonly used device to monitor the blood pressure. Increase in the prevalence of hypertension and other cardiovascular diseases, changes in lifestyle such as high consumption of alcohol and food, technological advancements in the devices, and increase in obese and geriatric population are anticipated to fuel the Â over the forecast period. Moreover, increase in healthcare expenditure, increase in government initiations for preventing the hypertension, and rise in demand for portable devices are anticipated to bolster the blood pressure monitoring devices market. However, high cost of technologically advanced devices, stringent regulations for product approval, and product recalls are expected to hamper the growth of blood pressure monitoring devices.
Blood Pressure Monitoring Devices Market Key Developments:
Fastest Growing Market
Major factors driving the global is change is lifestyle. According to the World Heart Federation, approximately 330 Mn people in developed countries and nearly 640 Mn individuals in developing countries are suffering from hypertension. Moreover, market players are focusing on the development of technologically advanced devices. For instance, in May 2017, iHealth launched voice-supported smart blood pressure monitor device. Furthermore, acquisitions and mergers between the market players is the key strategy adopted by market players for garnering larger market revenue share. For instance, in August 2017, Halma acquired Cardios to strengthen blood pressure monitoring devices portfolio in Brazil.
The key segments covered in the blood pressure monitoring devices market are: by product type, technology, modality, end-user and geography
The blood pressure monitoring devices market key players are: GE Healthcare (U.K.), Koninklijke Philips N.V. (Netherlands), DragerwerkÂ AG & Co. KGaA (Germany), Medtronic plc (U.K.), Welch Allyn, Inc. (U.S.), Halma plc (U.K.), iHealth Labs Inc. (U.S.)
The blood pressure monitoring devices market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.