Blood Pressure Monitoring Devices Market global industry analysis, share, statistics, trends, opportunities and forecasts by 2030

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The global blood pressure monitoring devices market size is expected to be worth around US$ 5.50 billion by 2030, according to a new report by Vision Research Reports.

The global blood pressure monitoring devices market size was valued at US$ 3.28 billion in 2020 and is anticipated to grow at a CAGR of 12.4% during forecast period 2021 to 2030.

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Blood Pressure Monitoring Devices Market (By Product: Sphygmomanometer/Aneroid BP Monitors, Automated/Digital Blood Pressure Monitors, Ambulatory Blood Pressure Monitors, Transducer, Instruments and Accessories; By End-use: Hospitals, Ambulatory Surgical Centers & Clinics, Home Healthcare) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size USD 5.50 billion by 2030
Growth Rate CAGR of 12.4% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned General Electric Company; Koninklijke Philips N.V.; A & D Company, Limited; Welch Allyn; SunTech Medical, Inc.; American Diagnostic Corporation; Withings; Briggs Healthcare; Spacelabs Healthcare; Kaz, A Helen of Troy Company; GF HEALTH PRODUCTS, INC.; Rossmax International Limited; Microlife Corporation; Omron Healthcare, Inc.

Growth Factors

The growing geriatric population across the globe is expected to widen the target consumers by triggering incidence rates of hypertension, which is expected to drive the demand for blood pressure monitoring devices. The increasing incidence of hypertension has led to rising demand for cost-effective, rapid, and accurate diagnostic solutions. Blood pressure monitors are one of the vital signs monitors of life. The cost-effective and accurate results offered by these indicators are one of the key factors responsible for market growth.

The ambulatory blood pressure monitors are expected to witness the fastest growth over the forecast period owing to factors such as growing awareness and increasing adoption by clinicians. Automated/digital BP monitors are expected to witness lucrative growth in the coming years owing to advantages associated with these devices, such as ease of use, immediate results, and low cost.

Report Highlights

The sphygmomanometers/aneroid BP monitors accounted for the largest share of over 40.0% in 2020. Technological advancements, coupled with new product launches, are expected to further fuel the demand for sphygmomanometers globally. Demand for digital sphygmomanometer is expected to grow in the years to come due to associated advantages, such as accurate results and ease of use.

In addition, continuous technological improvements such as advances in wearable technology, apps, and mobiles in the consumer healthcare segment, the declining average selling price for retailers and manufacturers, and rising penetration in the professional market are the factors propelling the market growth. Technologically advanced digital BP monitors available in the market are Microlife WatchBP home A, QardioArm, LifeSource Advanced one-step auto inflate blood pressure monitor, and iHealth blood pressure monitor from Omron healthcare.

Blood pressure cuffs are expected to grow at a significant rate over the forecast period due to the increasing usage of blood pressure monitors, which is attributed to the growing incidence of high blood pressure. These cuffs are available in different sizes according to the patient type. Two types of cuffs: disposable and reusable are available in the market. Amongst this, the disposable segment is anticipated to expand at a high CAGR due to the rising adoption of eco-friendly products and increasing concerns about hospital-based cross-contamination events. For instance, in July 2020, Vancouver Coastal Health—a regional health authority—replaced its reusable blood pressure cuffs with disposable ones to prevent cross-contamination and limit the spread of COVID-19, thereby increasing the demand for disposable blood pressure cuffs by its affiliated members.

The hospitals segment dominated the market in 2020 with a share of more than 60.0% due to the presence of a large patient pool. The adoption of BP monitoring devices is driven by the need for cost-effective, fast, and accurate diagnostic tools for better health outcomes. Hospitals, ambulatory surgical centers and clinics, and home healthcare are the end-use segments analyzed in the market.

North America held the largest revenue share of more than 45.0% in 2020 as it has a highly regulated and developed healthcare infrastructure. Increasing investments in the development of accurate and effective BP monitors are expected to contribute to the regional market growth in the coming years.

Moreover, new product launches, along with technological advancements, are expected to fuel the market growth. For instance, in May 2018, Hill-Rom launched Welch Allyn home blood pressure monitors and digital scale products in the U.S. Moreover, a rising preference for home healthcare, coupled with the awareness about the importance of early diagnosis of hypertension and cardiac diseases, is further expected to boost the market growth in North America.

Key Players

  • Koninklijke Philips N.V.
  • General Electric Company
  • A & D Company, Limited
  • Welch Allyn
  • SunTech Medical, Inc.
  • American Diagnostic Corporation
  • Withings
  • Briggs Healthcare
  • Spacelabs Healthcare
  • Kaz, A Helen of Troy Company
  • GF HEALTH PRODUCTS, INC.
  • Microlife Corporation
  • Rossmax International Limited
  • Omron Healthcare, Inc.

Market Segmentation

  • Product Outlook
    • Sphygmomanometer/Aneroid BP Monitors
    • Automated/Digital Blood Pressure Monitors
      • Arm
      • Wrist
      • Finger
    • Ambulatory Blood Pressure Monitors
    • Transducers
      • Disposable
      • Reusable
    • Instruments and Accessories
      • Blood Pressure Cuffs
        • Disposable
        • Reusable
      • Others
  • End-use Outlook
    • Hospitals
    • Ambulatory Surgical Centers & Clinics
    • Home Healthcare
  • Regional Outlook
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East and Africa
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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