by Blood pressure monitoring devices help monitor an individual’s blood pressure at regular intervals. These devices consist of an inflatable cuff wrapped around the upper arm and a gauge or digital display for readings. Blood pressure monitors provide quick, convenient and painless readings at home and help patients track their blood pressure trends over time.
The global blood pressure monitoring devices market is estimated to be valued at US$ 2 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing cases of hypertension across the globe has been a key driver boosting demand for blood pressure monitoring devices. As per estimates by the World Health Organization, the number of adults with hypertension rose from 650 million to 1.13 billion between 1980 and 2015. Advanced features like Bluetooth connectivity and apps enable transmission of readings to doctors and help in better monitoring of patients. This helps doctors accordingly adjust medication and lifestyle practices to manage hypertension in high risk patients more effectively. The increasing availability of advanced Bluetooth enabled blood pressure monitors with mobile apps is expected to significantly drive the market during the forecast period.
SWOT Analysis
Strength: Blood pressure monitoring devices allow continuous monitoring of blood pressure levels at home, which helps in early detection of hypertension. This increases patient compliance and safety.
Weakness: Accuracy of blood pressure readings from home monitoring devices depends on correct positioning and cuff size selection. Errors may occur due to improper usage.
Opportunity: Growing prevalence of hypertension worldwide is increasing demand for self-monitoring devices. Rising awareness about benefits of regular monitoring will drive market expansion.
Threats: Market saturaton in developed nations. Strong competition from existing and new market players.
Key Takeaways
The Global Blood Pressure Monitoring Devices Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global blood pressure monitoring devices market is estimated to be valued at US$ 2 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030.
Regional analysis: North America region currently dominates the global market due to high disease prevalence and availability of advanced products. Asia Pacific is poised to be the fastest growing market due to rising healthcare expenditure and growing middle class population.
Key players: Key players operating in the blood pressure monitoring devices market are Rent the Runway, Poshmark, Elanic Services Private Limited, Dress & Go, GlamCorner Pvt Ltd., Envoged, Etashee, Secoo Holdings Limited, and Secret Wardrobe. These companies are focusing on new product launches and strategic partnerships to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
