Blood Pressure Monitors Market Analysis & Forecast to 2023-2033: Market By Product; By End-user; and By Region

The global blood pressure monitors market size was estimated to be USD 5.64 billion in 2023 and is expected to reach at USD 16.3 billion by 2033 with a CAGR of 10.12% during the forecast period 2023-2033. Rising prevalence of hypertension, growing geriatric population, increasing risk of lifestyle-associated disorders, surge in government's initiatives to raise public awareness such as public blood pressure monitoring programs, rising technological advances in devices for measuring BP, growing demand for home monitoring & self-measurement devices, surge in technological advancements, and increasing launch of advanced automatic blood pressure monitor devices are some of the major factors fuelling the market growth.

Increasing launch of advanced automatic blood pressure monitor devices is predicted to boost the market growth during the forecast period. For instance, in February 2022, An autonomous blood pressure monitor called the BP 170 has been made available by InBody Pvt. Ltd., allowing people to track and record important health metrics without having to see a doctor.

By Product, Automated/Digital Blood Pressure Monitor was the highest revenue-grossing segment in the global blood pressure monitors market in 2022 owing to rising technological advancements in consumer healthcare applications, mobile devices, & wearable technologies, growing launch of new products. For instance, in January 2021, Aktiia SA has introduced a continuous, automated blood pressure monitoring system that operates around the clock, providing the ability to monitor a patient's blood pressure even during sleep. Additionally, Instruments & Accessories is predicted to grow at fastest CAGR during the forecast period owing to the growing demand for blood pressure cuffs, rising prevalence of high blood pressure, increasing concerns regarding hospital-based infections.

By End-user, Hospitals was the highest revenue-grossing segment in the global blood pressure monitors market in 2022 owing to the presence of large patient pool, rising adoption of BP monitoring, growing need for cost-effective, fast, & accurate diagnostic tools for better health outcomes. Additionally, Homecare is predicted to grow at fastest CAGR during the forecast period owing to the availability of smart wearables that allow for mobility & the cost-effectiveness of this alternative BP monitoring method, rise in propensity toward autonomous living, and surge in launch of innovative products. For instance, in September 2022, Garmin Ltd has unveiled a smart blood pressure monitor that allows easy at-home measurement of both systolic and diastolic blood pressure.

North America region is anticipated for the highest revenue share during the forecast period owing to the growing investments for the development of accurate & effective BP monitors, rising healthcare infrastructure, surge in technological advancements, and increasing new product launches. For instance, in May 2021, Biobeat has introduced a new wearable device for continuous ambulatory blood pressure monitoring (ABPM). Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising government initiatives for increasing awareness levels among people, increasing investments by market players, growing prevalence of hypertension, surge in number of undiagnosed & untreated cases of high BP, and rising introduction of new products. For instance, in January 2022, OMRON Healthcare, Inc., a renowned global leader in personal health technology and remote blood pressure monitoring, will be unveiling its latest remote patient monitoring services, connected blood pressure monitors, and an advanced mobile app at the 2022 Consumer Electronics Show (CES).

Segmentation: Blood Pressure Monitors Market Report 2022 - 2033

Blood Pressure Monitors Market Analysis & Forecast by Product 2022 - 2033 (Revenue USD Bn)

• Ambulatory Blood Pressure Monitor
• Automated/Digital Blood Pressure Monitor
• Sphygmomanometer/Aneroid BP Monitor

Instruments And Accessories

• Blood Pressure Cuffs
• Others

Transducers

• Disposable
• Reusable

Blood Pressure Monitors Market Analysis & Forecast by End-user 2022 - 2033 (Revenue USD Bn)

• Ambulatory Surgical Centers & Clinics
• Homecare
• Hospitals

Blood Pressure Monitors Market Analysis & Forecast by Region 2022 - 2033 (Revenue USD Bn)

North America

• U.S.
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA