Blood Pressure Monitoring Devices Market - Growth, Trends, and Forecasts (2020 - 2025)

The Market is Segmented by Product, By End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Home Setting), and Geography.

Market Snapshot

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Study Period: 2017-2025
Base Year: 2019
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >5 %

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Market Overview

Blood Pressure Monitoring Devices Market is expected to envision a CAGR of 5% during the forecast period. The market currently is experiencing tremendous growth due to the rising burden of cardiovascular disorders, growing geriatric and obsess population and increasing unhealthy lifestyle habits. As per the World Health Organization (WHO) in 2019, approximately 1.15 billion people around the globe have hypertension, it is a major cause of premature death worldwide. It is estimated that this trend will continue to rise even in the forecast period and the demand for monitoring blood pressure devices experience substantial growth in the future. Also, according to the 2019 report of World Population Ageing by the United Nations, in China population aged above 65 years or over is expected to reach 246.98 million by 2030 from 164.48 million in 2019. This surge in rising of the geriatric population is expected to continue in all the other parts of the globe as well giving rise to the number of the cardiovascular disorder as the aged population is more prone to diseases and subsequently booming the market. Technological advancements pertaining to hypertension monitoring are also increasing. For instance, in May 2018, Hill-Rom launched Welch Allyn, a line of home-based blood pressure monitors and digital scale products in the United States Market. In addition, rising adoption of home healthcare coupled with awareness about the importance of early diagnosis of hypertension & cardiac diseases is further expected to boost market growth.Moreover, demographic trends such as increasing life expectancy will further drive the blood pressure monitoring devices market over the forecast period. However, excessive cost for technological developments, and lack of trained physicians are the factors that can may hamper the market growth over forecast period.

Scope of the Report

Blood Pressure Monitoring Devices are the devices that are used to measure blood pressure. It automatically obtains pressure and usually records the blood pressure at certain intervals, using the direct or indirect method of determining pressure. In some models, an alarm or light signal is activated if the pressure rises or falls to an abnormal level.

By Product
Sphygmomanometer/Aneroid BP Monitor
Automated/Digital Blood Pressure Monitor
Portable (Wrist, Upper Arm, Finger)
Non-Portable (Upper Arm)
Instrument Asscerories
By End User
Hospitals and Clinics
Ambulatory Surgical Centers
Home Setting
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Sphygmomanometer/Aneroid BP Monitor

In terms of revenue share, the aneroid BP monitors/ sphygmomanometers accounted for the largest market share. Technological advancements along with new product launches are expected to further fuel the demand for sphygmomanometers globally. For instance, in January 2017, Omron Healthcare, Inc. launched the novel Omron EVOLV , a wireless, portable upper arm blood pressure monitor. Demand for digital sphygmomanometer is expected to grow at a lucrative rate due to associated advantages such as accurate results and ease of use. Besides, continuous technological advances such as advances in wearable technology, mobile apps, in the consumer healthcare segment, the declining average selling price for retailers and manufacturers, are the factors propelling the market growth

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North America to hold the Largest Market Share

Globally, North America dominates the global blood pressure monitoring devices market owing to the high demand for blood pressure monitors due to the increased burden of hypertensive patients in this region. As per American Heart Association in 2017, 116.4 million or 46% of the United States adults had hypertension, a major cause of all cardiovascular diseases and approximately 17.8 million death occurred that year due to cardiovascular diseases. According to the same study, this number is expected to grow to more than 22.2 million deaths by 2030. Initiatives taken by the government in this region such as the public blood pressure (BP) monitoring program to create awareness amongst people and maintain the database created by remotely operational BP monitors are expected to propel further growth during the forecast period. 

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Competitive Landscape

GE Healthcare, A&D Medical Inc., Incorporated, Omron Healthcare Inc., and Philips Healthcare are some of the key players currently dominating the blood pressure monitoring devices market. The blood pressure monitoring devices market is fragmented and competitive due to the presence of a large number of players. The major players are currently aiming their attention to expand their businesses in order to strengthen their position in the market. Innovation and technology advancement seems to be one of their top strategy to uphold in the market space. For instance, in January 2020, OMRON Healthcare, Inc., at the 2020 Consumer Electronics Show (CES), launched HeartGuide, the first wearable blood pressure monitor, and also launched, Complete, the first blood pressure monitor with EKG in a single device.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Surging Burden of Cardiovascular Disorders

      2. 4.2.2 Technological advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Excessive Cost for Technological Developments,

      2. 4.3.2 Lack of Trained Physicians

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

        1. 4.4.3.1 lack of trained physicians

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Sphygmomanometer/Aneroid BP Monitor

      2. 5.1.2 Automated/Digital Blood Pressure Monitor

        1. 5.1.2.1 Portable (Wrist, Upper Arm, Finger)

        2. 5.1.2.2 Non-Portable (Upper Arm)

      3. 5.1.3 Instrument Asscerories

    2. 5.2 By End User

      1. 5.2.1 Hospitals and Clinics

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Home Setting

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 A&D Medical Inc.

      2. 6.1.2 American Diagnostics Corporation

      3. 6.1.3 GE Healthcare

      4. 6.1.4 GF Health Products Inc.

      5. 6.1.5 Kaz Inc.

      6. 6.1.6 Microlife AG

      7. 6.1.7 Omron Healthcare Inc

      8. 6.1.8 Philips Healthcare.

      9. 6.1.9 Rossmax International Ltd.

      10. 6.1.10 Withings

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments.

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Frequently Asked Questions

The Blood Pressure Monitoring Devices Market market is studied from 2017 - 2025.

The Blood Pressure Monitoring Devices Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2019.

A&D Medical Inc., American Diagnostics Corporation, GE Healthcare, Withings, Omron Healthcare Inc are the major companies operating in Blood Pressure Monitoring Devices Market .

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