Wearable Blood Pressure Monitor Market to Reach USD 8 Billion by 2032, Growing at a CAGR of 15-16%

Wearable Blood Pressure Monitor Market

The global wearable blood pressure monitor market is experiencing significant growth, with the market size reaching USD 1.8 billion in 2021. According to recent forecasts, sales are expected to surpass USD 2.1 billion by the end of 2022, driven by increasing demand for real-time health monitoring devices. The market is set to expand at an impressive compound annual growth rate (CAGR) of around 15% to 16% during the forecast period from 2022 to 2032, reaching approximately USD 8 billion by 2032.

Key Growth Drivers:

• Rising Prevalence of Hypertension: The growing number of individuals suffering from hypertension and related cardiovascular conditions is increasing the demand for wearable blood pressure monitors.
• Advancements in Health Monitoring Technology: Innovations in wearable health devices, such as the integration of AI and IoT, are making blood pressure monitors more accurate, convenient, and user-friendly.
• Growing Health Awareness: Consumers are becoming more proactive about their health, leading to increased adoption of wearable devices that allow for continuous monitoring without frequent visits to healthcare providers.

Future Outlook: With the rising demand for personalized health solutions and the rapid development of wearable technology, the market for wearable blood pressure monitors is poised for substantial growth. These devices are becoming an essential tool for managing hypertension, with healthcare professionals increasingly recommending them for patients to track their health metrics in real-time.

This growth is driven by increasing consumer awareness of health monitoring, advancements in wearable technology, and a rising focus on proactive health management. Wearable blood pressure monitors offer users a convenient way to track their cardiovascular health in real-time, contributing to their growing popularity.

Future Market Insights (FMI) offers a thorough assessment of the present status of the global wearable blood pressure monitor industry in its most recent research analysis. It covers important topics such as volume, value, production, and consumption. Leveraging insightful analysis, the report delves into demand patterns and future prospects, categorizing the market into various segments based on end uses, regions, and key players.

Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic affecting the majority of countries around the world, the healthcare industry is experiencing its fair share of “ups and downs.” The COVID-19 has put a significant strain on the healthcare industry’s workforce, facilities, and infrastructure. Despite the constant pressure, the healthcare sector is growing at a moderate pace as a result of infrastructure improvements and technological advancements. The healthcare sector is delivering a healthy performance.

The latest FMI report on the Wearable Blood Pressure Monitor market provides a detailed analysis of the impact of COVID-19, as well as incisive coverage of the innovative strategies adopted by market players to overcome pandemic challenges.

Wearable Blood Pressure Monitor Market players

• OMRON Corporation
• Pyle Audio
• Blipcare
• Koninklijke Philips N.V.
• Nokia Corporation,
• ForaCare Suisse AG
• Qardio, Inc.
• iHealth Labs Inc.
• Koogeek Inc.
• Inventum Huishoudelijke Apparaten B.V.
• Xiaomi, Medaval Ltd.
• Others

A Full Report Analysis Click Here

Wearable Blood Pressure Monitor Market: Segmentation

By Product Type:

• Wrist Blood Pressure Monitor
• Upper Arm Blood Pressure Monitor
• Finger Blood Pressure Monitor

By Connecting Technology:

• WiFi Based
• Bluetooth Based

By Indication:

• Hypotension
• Hypertension
• Irregular Heart Beat

By Measurement Type:

• Oscillometric Method
• Arterial Tonometry
• Pulse Transit Time Method

By End User:

• Hospital
• Clinic
• Ambulatory Care
• Home Care Settings

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia-Pacific Excluding China and Japan
• China
• Japan
• Middle East and Africa

Report Highlights:

• Detailed overview of the parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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