Cuffless Blood Pressure Monitor Market Analysis

Cuffless Blood Pressure Monitor Market Analysis

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The cuffless blood pressure monitor market by type is categorized into wrist-based, finger-based monitors, armband-based monitors. The wrist-based segment garnered USD 441.8 million revenue size in the year 2022. Wrist-based blood pressure monitors use sensors and algorithms to measure blood pressure and other vital indicators. This technology has become more accurate, dependable, and inexpensive, resulting in a considerable increase in demand for these devices. Wrist-based blood pressure monitors have become popular among fitness enthusiasts, athletes, and those with hypertension due to its ability to assess physical activity and blood pressure in real time. Additionally, the growing adoption of fitness trackers and smartwatches has further contributed to the growth of wrist-based blood pressure monitors.

Based on end-use, the cuffless blood pressure monitor market is segmented into home healthcare, hospitals, diagnostics center, and other healthcare facilities. The home healthcare segment dominated the market and accounted for 42% revenue share in the year 2022 and is anticipated to witness highest growth during the forecast period. Owing to the cost-effectiveness and mobility provided by cuffless BP monitors as a replacement to conventional monitoring approach. The majority of the major manufacturers are targeting the population that prefers self-monitoring of blood pressure from the comfort of their own homes. The fact that the majority of physicians encourage patients to monitor their cardiovascular health is projected to drive market expansion.
 

U.S. cuffless blood pressure monitor market accounted for USD 187.5 million revenue size in 2022 and is predicted to witness substantial business growth over the analysis timeline. Increasing prevalence of hypertension is anticipated to drive the U.S. market growth. According to the American Heart Association, half of the adults aged 20 years and above in the U.S. suffer from high blood pressure, which may lead to stroke, cardiovascular disease, and other health problems. Additionally, prominent industry players are emphasizing commercial expansion, especially in growing markets to widen their customer base and benefit from untapped market potential. Strategic initiatives taken by the firms to bolster their market position and expand product portfolio would render a positive impact on the business expansion.