Blood Pressure Monitoring Products Market, By Product (Sphygmomanometers, Digital BP Monitor, And Ambulatory BP Monitors), By End-Users (Hospitals, Home Healthcare, And Ambulatory Surgical Centers & Clinics), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Blood Pressure Monitoring Products Market accounted 1.4 billion USD in 2020 and is expected to be valued at USD 3.8 billion by 2030, growing at approximately CAGR of 10.2% during the forecasted period.Blood pressure monitoring products have the highest demand in the healthcare industries due to the increase in the geriatric population. According to the World Health Organization report, the world population has more than 1 billion population deals with hypertension and have blood disorder diseases. The growing population nowadays is getting infected by many lifestyle-changing diseases like obesity & lifestyle associated disorders have made them vulnerable towards serious disease, these diseases are mostly associated with blood disorders. Also, due to the introduction of wearable products and its benefits to the users has increased the demand for personal healthcare products. Moreover, there is more increase in demand for the handcuff devices which are available in disposable and reusable forms. Looking into such a scenario the blood pressure monitoring product market is more in demand.

Market Segmentation:

The global blood pressure monitoring products market is segmented by product into sphygmomanometers, digital blood pressure monitor, and ambulatory blood pressure monitors.   The digital blood pressure monitor market is further subdivided into arm, wrist, and finger. By end-users, the market is categorized into hospitals, home healthcare, and ambulatory surgical centers & clinics. By geography, the blood pressure monitoring products market is divided into North America, Asia Pacific, Europe, and RoW. 

Market Dynamics and Factors:

Owing to improved technology and increasing demand for healthcare wearable products are driving the blood pressure monitoring products market growth. People are nowadays are more inclined towards the personal healthcare checkup by self-assessment devices, easy accessibility of information through mobile devices is propelling the market growth. However, the high cost of blood pressure monitoring devices an blood pressure monitoring products lack of technological advancement are the major restraints for this market. The government has taken initiatives to aware the people towards the increasing risk of lifestyle changing diseases and their adverse effect on our health will give the opportunity for the market to grow. Moreover, due to the easy availability of cheap and duplicate wearable devices in the local market is one of the major challenges to be tackled. Even these devices have a short life span which makes them more challenging to survive in the blood pressure monitoring products market.

Geographic Analysis:

North America region holds the largest market and is the major revenue generator. NA region has more than 50% of market share and is expected to grow its share owing to the introduction of improved technology by major companies present in this region. There is a continuous growth in the development of blood pressure monitoring products like blood pressure measuring monitors and consumer healthcare devices by the companies.  Asia- Pacific, region is expected to grow at a faster pace due to supportive government policies, growing opportunities for the healthcare and pharmaceutical companies. In the past years, it has been seen that there is a rise in hypertension among a large population and there has been a rise in the cases of an increase in blood pressure, which has prompted the government to take initiative for promoting healthcare companies.

Competitive Scenario:

The major key players in the global blood pressure monitoring products market are Omron Healthcare Welch Allyn, Inc., A&D Medical Inc., SunTech Medical, Inc., American Diagnostics Corporation, Withings, Briggs Healthcare, GE Healthcare, Kaz Inc., Microlife AG, Rossmax International Ltd., GF Health Products Inc., Spacelabs Healthcare Inc., and Philips Healthcare.

Blood Pressure Monitoring Products Market Report Scope