Global Home Blood Pressure Monitors Market, By Type (Upper Arm Monitors, Wrist Monitors, Accessories), Product (Sphygmomanometers, Digital BP Monitor, Ambulatory BP Monitors), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Stores) – Industry Trends and Forecast to 2030.
Home Blood Pressure Monitors Market Analysis and Size
As per the data published by the World Health Organization in 2019, about 1.28 billion people globally suffered from hypertension, which is considered to be the major cause of premature death all over the world. The demand for BP monitors is very high due to this. Self-measured home blood pressure monitoring was greatly essential even before the COVID-19 pandemic, and it is even more significant now to keep blood pressure under control.
Data Bridge Market Research analyses that the home blood pressure monitors market was valued at USD 2.89 billion in 2022 and is expected to reach USD 4.91 billion by 2030, growing at a CAGR of 6.85% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Home Blood Pressure Monitors Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Upper Arm Monitors, Wrist Monitors, Accessories), Product (Sphygmomanometers, Digital BP Monitor, Ambulatory BP Monitors), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Stores)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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A & D Medical (India), Welch Allyn (U.S.), Koninklijke Philips N.V. (Netherlands), General Electric (U.S.), Suntech Medical (India), Omron (Japan), Beurer GmbH (Germany), Paul Hartmann AG (Germany), Microlife Corporation (Switzerland), American Diagnostic (U.S.), Rossmax International (Japan), Rudolf Riester GmbH (Germany), Briggs Healthcare (U.S.), Terumo Corporation (Japan), Medtronic (Ireland), Abbott (U.S.), Mindray Medical India Pvt. Ltd. (China) and LifeWatch AG (Switzerland), NIHON KOHDEN CORPORATION (Japan)
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Market Opportunities
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Market Definition
Home blood pressure monitoring devices is a self-monitoring device which is used to access blood pressure in patients suffering from hypertension and major guidelinesmajor guidelines suggest it suggest it. This home-based device is used to calculate improved control blood pressure, helps predict cardiovascular risk, and the diagnosis of white blood pressure. All home blood pressure monitoring devices require validation to reduce inaccurate readings.
Home Blood Pressure Monitors Market Dynamics
Drivers
- Growing Quality Healthcare At Home
With the initiation of remote patient monitoring technologies, the detection of minute changes in the patient's physiological data can be addressed. Consequently, re-admissions and avoidable hospitalizations are minimized. Additionally, these technologies decrease the number of visits to physicians and the travel-related costs related to receiving quality medical care. Furthermore, Ambulatory BP monitoring (ABMP) is extensively used to measure out-of-office BP readings at particular time intervals, in 24 hours. It offers a great way to predict long-term CVD outcomes. If these technologies are properly implemented, it can widely increase access to quality healthcare while saving money and time in the short and long run. Thus, home based monitoring is largely helping people.
- High Accuracy of Manual Sphygmomanometers
Manual blood pressure monitors offer more accurate readings than other devices. They also help in confirming the patient's diagnosis of hypertension. As per the latest research articles, high blood pressure is a major burden globally, with death rates of around 13% to 14%. Sphygmomanometers provide accurate blood pressure measurements and early diagnosis, averting additional severe health conditions which can lead to death. Thus, this factor help in increasing the market growth.
Opportunities
- Increasing Advancements of BP monitoring Devices
Several advancements such as mobile-based BP monitoring systems and digital sphygmomanometer is projected to increase the demand. The increasing improvement in devices for measuring blood pressure such as mobiles and wearable & portable devices are gaining much popularity due to its related benefits such as easy handling and the wireless transmission of patient information. New technologies such as mHealth that supports treatment and medication compliances for patients in chronic disease management will likely boost the industry's growth. It helps in tracking the medication schedule, patient’s health information, and follow-up for the treatment. Furthermore, Hillrom announced in February 2021 that it acquired contact-free continuous monitoring technology from EarlySense for approximately USD 30 million. This deal is likely upgrade the company to develop next generation AI-based sensing technologies, particularly for the remote patient care market. These factors tend to increase the market growth.
Restraints/Challenges
- High Cost of Medical Devices
The increased cost of different medical devices can impede the growth of the market even though the prevalence of the cardiovascular diseases are high. Not all the devices can be afforded by the lower economic group and thus, it can prevent them from availing these home monitoring devices.
This home blood pressure monitors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the home blood pressure monitors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Home Blood Pressure Monitors Market
The COVID-19 pandemic had affected majorly the healthcare industry. With the initiation of the COVID-19, there was a growing number of people affected by it, which led to the advantage of the home blood pressure monitoring devices. In March 2021, An article named “Role of Self-Measured Home Blood Pressure Monitoring (HBPM) and Effectiveness of Telemedicine During the Era of COVID-19 Pandemic” which was published in the journal of Sn Comprehensive Clinical Medicine specified that the use of home blood pressure tracking when combined with digital health technology helped remote tele monitoring of self-measured blood pressure values. The wide utilization of home blood pressure monitoring devices increased considerably during the COVID-19 pandemic.
Recent Developments
- In 2022, LiveMetric launched LiveOne, a nano-sensor technology used to monitor blood pressure every 10 seconds. LiveOne is a wrist-worn, cuff-free solution that gives real-time measurements for better management of people suffering from hypertension and other cardiovascular disorders.
- In 2022, InBody launched the InBody BP 170 blood pressure monitor, a new at-home automatic blood pressure monitor with a large display for optimal visibility.
Global Home Blood Pressure Monitors Market Scope
The home blood pressure monitors market is segmented on the basis of type, product and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Upper Arm Monitors
- Wrist Monitors
- Accessories
Product
- Sphygmomanometers
- Digital BP Monitor
- Ambulatory BP Monitors
Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Stores
Home Blood Pressure Monitors Market Regional Analysis/Insights
The home blood pressure monitors market is analyzed and market size insights and trends are provided by type, product and distribution channel as referenced above.
The countries covered in the home blood pressure monitors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the home blood pressure monitors market because of the increasing investments for the development of accurate and effective BP monitors.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the wide availability of opportunities, growing investments by manufacturers, increasing awareness levels and rising occurrences of hypertension in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The home blood pressure monitors market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for home blood pressure monitors market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the home blood pressure monitors market. The data is available for historic period 2011-2021.
Competitive Landscape and Home Blood Pressure Monitors Market Share Analysis
The home blood pressure monitors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to home blood pressure monitors market.
Some of the major players operating in the home blood pressure monitors market are:
- A & D Medical (India)
- Welch Allyn (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- General Electric (U.S.)
- Suntech Medical (India)
- Omron (Japan)
- Beurer GmbH (Germany)
- Paul Hartmann AG (Germany)
- Microlife Corporation (Switzerland)
- American Diagnostic (U.S.)
- Rossmax International (Japan)
- Rudolf Riester GmbH (Germany)
- Briggs Healthcare (U.S.)
- Terumo Corporation (Japan)
- Medtronic (Ireland)
- Abbott (U.S.)
- Mindray Medical India Pvt. Ltd. (China)
- LifeWatch AG (Switzerland)
- NIHON KOHDEN CORPORATION (Japan)
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