Global Blood Pressure Monitoring Devices Market Size

Blood Pressure Monitoring Devices Market Analysis

The Global Blood Pressure Monitoring Devices Market size is estimated at USD 4.88 billion in 2024, and is expected to reach USD 7.97 billion by 2029, growing at a CAGR of 10.32% during the forecast period (2024-2029).

COVID-19 had affected the overall healthcare industry. As per the article published in 2021 under the title 'Clinical impact of blood pressure variability in patients with COVID-19 and hypertension', High blood pressure variability (BPV) was substantially related to in-hospital mortality in COVID-19 patients with hypertension. High blood pressure variability was inversely correlated with advanced age and systemic inflammation. Patients with COVID-19 who have high blood pressure and hypertension require additional care since the infection caused frequent fluctuations in blood pressure. Moreover, the report published in 2021 under the title 'The challenges of measuring blood pressure during COVID-19', stated that the availability of face-to-face care in family practice has changed because of COVID-19. The adverse impact on normal care for managing chronic diseases was found to be a concern during the pandemic. As per the aforementioned factors, COVID-19 had a significant impact on the blood pressure monitoring devices market.

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 2021, an estimated 1.28 billion adults aged 30-79 years worldwide have hypertension, with most (two-thirds) living in low- and middle-income countries. 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. 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 cardiovascular disorders as the aged population is more prone to diseases and subsequently booming the market. For instance, according to data from World Population Prospects: the 2019 Revision, by 2050, one in six people in the world is anticipated to be over age 65. By 2050, one in four persons living in Europe and Northern America could be aged 65 or over. Technological advancements pertaining to hypertension monitoring are also increasing. For instance, in February 2022, InBody introduced the new BP 170 automatic blood pressure monitor, which provides individuals with the option to self-record and track key health metrics at home. In addition, the rising adoption of home healthhealth monitoring coupled with awareness about the importance of early diagnosis of hypertension & cardiac diseases is further expected to boost the market growth

As per the points mentioned above, the blood pressure monitoring devices market is anticipated to grow over the forecast period. However, the excessive cost of technological developments and the lack of trained physicians are the factors that can hamper the market growth over the forecast period.