Global Wrist Blood Pressure Monitors Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Portable and Compact.

By End-User;

Hospitals, Diagnostic laboratory, Home care, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn412957300 Published Date: November, 2024 Updated Date: December, 2024

Introduction

Global Wrist Blood Pressure Monitors Market (USD Million), 2020 - 2030

In the year 2023, the Global Wrist Blood Pressure Monitors Market was valued at USD 1,696.53 million. The size of this market is expected to increase to USD 2,500.84 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.

The blood pressure monitor, also referred to as a sphygmomanometer, has become a crucial medical device for measuring blood pressure, especially in managing conditions like hypertension and hypotension. Its importance in monitoring these conditions is increasing, with a surge in demand expected globally. Manufacturers are introducing new monitors equipped with advanced features, including a monitoring device that assesses the pressure within an inflatable band wrapped around the arm, positioned at heart level.

The market for blood pressure monitors is poised for substantial growth, driven by their expanding adoption in both healthcare facilities and home care settings. As the prevalence of hypertension and hypotension rises worldwide, fueled by various factors, including lifestyle changes and aging populations, the demand for these devices is set to increase further. Their capability to accurately measure both systolic and diastolic pressures makes them indispensable tools in managing blood pressure-related health concerns.

Given that high blood pressure contributes significantly to chronic heart conditions and strokes, which are leading causes of mortality globally, the importance of monitoring and managing blood pressure levels cannot be overstated. Blood pressure monitors are indispensable in this regard, playing a pivotal role in reducing the burden of hypertension and related ailments. Their precision and reliability empower healthcare professionals to deliver effective care, ultimately improving patient outcomes and mitigating the impact of these conditions on public health.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Wrist Blood Pressure Monitors Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing awareness about health
        2. Convenience and portability
      2. Restraints
        1. Accuracy concerns
        2. Regulatory clearances
      3. Opportunities
        1. Rising geriatric population
        2. Technological advancements
        3. Increased focus on remote patient monitoring
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Wrist Blood Pressure Monitors Market, By Product Type, 2020 - 2030 (USD Million)
      1. Portable
      2. Compact
    2. Global Wrist Blood Pressure Monitors Market, By End-User, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Diagnostic laboratory
      3. Home care
      4. Others
    3. Global Wrist Blood Pressure Monitors Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Omron
      2. Microlife
      3. A&D Medical
      4. HoMedics
  7. Analyst Views
  8. Future Outlook of the Market