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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.
Some of the eminent market participants operating in the home blood pressure monitoring devices industry include:
Home blood pressure (BP) monitoring devices industry size was USD 1.5 billion in 2023 and is set to expand at 9.2% CAGR from 2024 to 2032 attributed to increasing burden of hypertension and cardiovascular diseases, aging population and rising adoption of telehealth and remote patient monitoring solutions.
Home blood pressure monitoring devices industry from the digital BP monitor segment accounted for USD 816 million in revenue in 2023 and is estimated to depict notable growth through 2032 owing to the rise of telehealth and remote patient monitoring.
North America home blood pressure monitoring devices market generated USD 580.4 million in revenue in 2023 and is set to exhibit robust growth through 2032 led by significant R&D investments to enhance the accuracy, reliability, and user experience of blood pressure monitors.
Some of the leading companies engaged in the home blood pressure monitoring devices industry are A&D Company, Limited, American Diagnostic Corporation, Beurer GmbH, Contec., Dr. Morepen, ForaCare, Inc., iHealth Labs Inc, Koninklijke Philips N.V., Microlife Corporation, and OMRON Corporation