Home Blood Pressure Monitoring Devices Market - By Device Type (Products (Digital [Upper Arm, Wrist], Aneroid), Operation (Automatic, Semi-automatic, Manual), Configuration (Portable, Desk Mounted, Wall), Distribution Channel – Global Forecast, 2024 – 2032
Report ID: GMI8563
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 375
Countries covered: 22
Pages: 180
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Home Blood Pressure Monitoring Devices Market Size
Home Blood Pressure Monitoring Devices Market size was valued at around USD 1.5 billion in 2023 and is estimated to reach over USD 3.3 billion by 2032 with a CAGR of 9.2% over the forecast period. This robust market growth can be attributed to various factors, including ongoing advancements in technology, increasing prevalence of hypertension and cardiovascular diseases, growing aging population and chronic disease management, and rising adoption of telehealth and remote patient monitoring solutions, among other contributing factors.
Moreover, hypertension, or high blood pressure, is a widespread health condition globally, affecting millions of people. As the incidence of hypertension continues to rise owing to factors such as sedentary lifestyles, poor dietary habits, and aging populations, there is a growing need for effective monitoring and management solutions. Home blood pressure monitoring devices enable individuals to monitor their blood pressure conveniently and regularly, facilitating early detection, intervention, and management of hypertension and related cardiovascular diseases. For instance, according to the World Health Organization (WHO), in 2023, approximately 1.28 billion individuals worldwide between the ages of 30 and 79 suffer with hypertension.
Furthermore, ongoing advancements in technology have led to the development of more advanced, user-friendly, and accurate home blood pressure monitoring devices. Modern devices often feature digital displays, automatic inflation, memory storage, and connectivity options such as Bluetooth or Wi-Fi. These technological innovations enhance the usability, accuracy, and convenience of home healthcare, driving increased adoption among consumers, thereby contributing to the market growth.
Home blood pressure monitoring devices are medical devices designed for individuals to measure and monitor their blood pressure levels in a non-clinical setting, typically within the comfort of their own homes. These devices provide a convenient and accessible means for individuals to track their blood pressure regularly without the need for frequent visits to healthcare facilities.
Home Blood Pressure Monitoring Devices Market Trends
The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous technological innovations in blood pressure monitoring devices, rising emphasis on preventive healthcare, growing need for personalized healthcare solutions, and a surging demand for integrated artificial intelligence (AI) in healthcare and machine learning, among other factors are propelling the industry growth.
Home Blood Pressure Monitoring Devices Market Analysis
The market by device type is categorized into products, and accessories. The products segment is further divided into digital bp monitor, and aneroid bp monitor. The digital BP monitor segment in further bifurcated into upper arm monitors, wrist monitors, and finger monitors. The digital BP monitor segment garnered USD 816 million revenue in 2023.
Based on operation, the home blood pressure monitoring devices market is segmented into automatic, semi-automatic, and manual. The automatic segment accounted for over 51% market share in 2023 and is anticipated to witness highest market growth during the forecast period.
Based on configuration, the home blood pressure monitoring devices market is segmented into portable, desk mounted, and wall mounted. The portable segment accounted for over 78.4% market share in 2023.
The home blood pressure monitoring devices market by distribution channel is categorized into brick & mortar, e-commerce, and hospital pharmacies. The brick & mortar segment accounted for around USD 926.4 million revenue size in 2023.
North America home blood pressure monitoring devices market accounted for USD 580.4 million revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
Home Blood Pressure Monitoring Devices Market Share
The home blood pressure monitoring devices industry is characterized by fierce competition, involving both established multinational corporations and smaller to mid-sized companies vying for market share. A primary strategic focus within this competitive landscape is the continuous development and introduction of innovative products leveraging various technologies. This strategy emphasis on innovation drives product differentiation, market expansion, and the overall evolution of the home blood pressure monitoring devices industry.
Home Blood Pressure Monitoring Devices Market Companies
Some of the eminent market participants operating in the home blood pressure monitoring devices industry include:
Home Blood Pressure Monitoring Devices Industry News:
Home blood pressure monitoring devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Device Type
Market, By Operation
Market, By Configuration
Market, By Distribution Channel
The above information is provided for the following regions and countries: