Blood pressure monitoring devices determine hypertension in a patient’s body. Blood pressure is one of the major risk factors for strokes and chronic heart diseases, which are the principal cause of death around the world. In the last several years, there has been a surge in the use of blood pressure monitoring devices in home care settings. In addition, rising geriatric population, lifestyle changes, and technological advancements are among other notable growth enablers in the blood pressure monitoring market. These devices facilitate the early diagnosis of a patient’s deteriorating health condition. Moreover, advanced blood pressure monitoring devices developed for personal use help track patients’ health conditions remotely.
Upsurge in Geriatric Population Significantly Drives Blood Pressure Monitoring Devices Market
As per WHO, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time, the share of the population aged 60 years and over will increase from 1,000 million in 2020 to 1,400 million. By 2050, the world’s population of people aged 60 years and older will double. The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Furthermore, as per the United States Census Bureau 2020 Census, the US population aged 65 and over grew around five times faster than the total population over the 100 years from 1920 to 2020. The older population reached 55.8 million, or 16.8% of the population of the US in 2020.
Blood Pressure Monitoring Devices Market: Segmental Overview
The blood pressure monitoring devices market, by product, is segmented into mercury columns, aneroid blood pressure monitors, and digital blood pressure monitors. In 2022, the digital blood pressure segment held a significant share of the market, and the same segment is estimated to register the highest CAGR during 2022–2030. Digital blood pressure measuring devices are developed with excellence, and they are among the best blood pressure machines that deliver precise and accurate blood pressure and pulse readings. Digital monitors are preferred for measuring blood pressure. They are often easier to use than aneroid units. Digital monitors have a stethoscope and a gauge in a single unit, along with an error indicator. The blood pressure reading is displayed on a small screen; it may be easier to read than a dial. Digital monitors are suitable for hearing-impaired patients since there is no necessity to listen to heartbeats through stethoscopes.
Based on type, the blood pressure monitoring devices market is segmented into arm, wrist, finger, and others. In 2022, the arm segment held the largest share of the market and the same segment is estimated to register the fastest CAGR during 2022–2030. The finger-based blood pressure monitoring technology is similar to pulse oximetry, as it uses light that bounces off of the user’s finger to measure blood flow using a photoplethysmogram (PPG), which is interpreted with different algorithms. In May 2023, engineers at the University of California San Diego developed a simple, low-cost clip that uses a smartphone’s camera and flash to monitor blood pressure at the user’s fingertip.
Based on end user, the blood pressure monitoring devices market is segmented into hospitals and clinics, home care settings, ambulatory surgical centers, and others. In 2022, the hospitals and clinics segment held a significant share of the market. The home care settings segment is estimated to register the fastest CAGR during 2022–2030. Hospitals & clinics dominate the end-user segment as it is the primary health system in most of the countries with helping out the patients. Hospitals are a basic element of America’s health care system.
Blood Pressure Monitoring Devices Market: Competitive Landscape and Key Developments
Omron Healthcare Welch Allyn, Inc., A&D Medical Inc., SunTech Medical, Inc., American Diagnostics Corp., Withings, GE Healthcare, Microlife AG, GF Health Products, Inc., Spacelabs Healthcare, and Baxter are among the leading companies operating in the blood pressure monitoring devices market. These players focus on expanding and diversifying their market presence along with acquiring a novel customer base, thereby tapping attractive business opportunities prevailing in the blood pressure monitoring devices market.
- In January 2023, Valencell launched its own branded product line in the Digital Health segment. The company’s first product candidate focuses on helping patients monitor and manage hypertension using an intuitive app combined with an innovative OTC device to precisely measure blood pressure from the finger without a cuff or calibration.
- In Oct 2022, OMRON Healthcare upgraded its portfolio of blood pressure monitors by converting them into “connected” devices. This major upgrade in the portfolio was meant to help users and healthcare practitioners gain seamless, effortless, more real-time, and accurate control over hypertension management. The connected devices allow the blood pressure data to transfer effortlessly through the OMRON Connect application (app).
- In February 2022, Inbody launched its new BP 170 automatic blood pressure monitor, which offers individuals an option to self-record and track key health parameters at home.
- In June 2021, Biobeat launched a cuffless continuous ambulatory blood pressure monitor. The new device differs from typical care products as it is cuffless and can capture data on a patient’s cardiac health throughout the day.
- In December 2020, DetelPro, the health and hygiene vertical of Detel India, launched a new digital monitoring solution. This BP device is equipped with voice technology that allows people to hear their blood pressure readings. It also has an arrhythmia indicator that notifies users of irregular heartbeat readings. This device consists of 99 sets of storage for 2 people at a time and has a modifiable large arm cuff that fits various arm circumferences.