Global Blood Pressure Monitor Market Set to Reach USD 4.07 Billion by 2034, Driven by Increasing Health Awareness and Technological Advancements | FMI

The global blood pressure monitor market is experiencing significant growth, with the market size reaching USD 2.12 billion in 2023. Projections indicate that demand for blood pressure monitors will continue to rise, achieving a compound annual growth rate (CAGR) of 6.1% over the forecast period. By 2024, the market value is expected to increase to approximately USD 2.26 billion, and it is anticipated to reach around USD 4.07 billion by 2034.

This growth can be attributed to several factors:

• Increasing Prevalence of Hypertension: The rising incidence of hypertension globally is a primary driver for market expansion. According to the World Health Organization, nearly 1.15 billion people suffer from hypertension, underscoring the need for effective monitoring solutions.
• Technological Advancements: Innovations in blood pressure monitoring technology have led to the development of more accurate and user-friendly devices. The integration of smart technologies, such as Bluetooth connectivity for data sharing, enhances user experience and encourages regular monitoring.
• Growing Health Awareness: There is an increasing awareness among consumers regarding the importance of health monitoring, particularly in managing chronic conditions like hypertension. This trend is further supported by healthcare initiatives promoting regular check-ups and self-monitoring practices.
• Aging Population: The global demographic shift towards an older population is contributing to higher demand for blood pressure monitors, as older adults are more susceptible to hypertension and related health issues.

The market’s growth trajectory reflects a broader trend towards preventive healthcare and increased accessibility to monitoring devices, which are now being utilized not only in clinical settings but also in home healthcare environments. In summary, the global blood pressure monitor market is set for robust growth, driven by rising health concerns, technological advancements, and demographic changes. This presents significant opportunities for manufacturers and healthcare providers alike as they seek to meet the growing demand for effective blood pressure management solutions.

Key Takeaways: Blood Pressure Monitor Market Outlook

• The global blood pressure monitor market was valued at USD 2.12 billion in 2023 and is expected to reach USD 2.26 billion in 2024.
• The market is projected to grow significantly, with estimated revenues of USD 4.07 billion by 2034.
• The expected CAGR from 2024 to 2034 is 6.1%.

Regional Growth Projections (2024–2034):

• United States: Anticipated to grow at a 7.5% CAGR.
• United Kingdom: Expected to rise at an impressive 8.7% CAGR.
• China: Projected to grow at 5.1% CAGR.
• Germany: Forecasted to rise at a leading 9.2% CAGR.
• Japan: Expected to rise at 4.9% CAGR.
• South Korea: Projected to experience growth at 3.8% CAGR.

This consistent growth across regions reflects the increasing demand for blood pressure monitors, driven by factors such as rising health awareness and the growing prevalence of hypertension.

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Competitive Landscape:

Key players in the blood pressure monitor market are concentrating on introducing innovative products with advanced features and expanding their global supply chains. To strengthen their market presence, many companies are also pursuing strategic initiatives, including collaborations, mergers, partnerships, and acquisitions.

Recent Developments in the Blood Pressure Monitor Market:

• In July 2022, LiveMetric received FDA 510(k) clearance for its watch-like blood pressure monitor, LiveOne. Designed for use in clinical settings, LiveOne is intended for individuals aged 27 and older with a detectable radial pulse, as outlined in the FDA’s 510(k) database.
• In January 2023, Valencell launched a calibration-free, cuffless blood pressure monitoring solution.

Key Players:

• Abbott
• Hill-Rom Services
• Drägerwerk
• Koninklijke Philips N.V.
• Schiller AG
• Microlife AG
• BioCare Corporation
• Contec Medical
• Lifevit
• Lepu Medical Technology (Beijing) Co., Ltd.
• Mocacare
• Omron Healthcare
• Van Oostveen Medical B.V.
• Sinocare Inc.
• Rudolf Riester GmbH

Blood Pressure Monitor Market Outlook by Category:

By Product:

• Arm Cuff
• Wrist Cuff

By Indication:

• Long-term
• Short-term

By End-user:

• Hospitals
• Clinics
• Ambulatory Care Services
• Home Care Settings

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

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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