The blood pressure monitoring device market share is expected to increase by USD 1.95 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.67%.
This blood pressure monitoring device market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers blood pressure monitoring device market segmentations by product (sphygmomanometers, home-based BP monitors, BP transducers, BP monitoring consumables, and ambulatory BP monitors) and geography (North America, Europe, Asia, and ROW). The blood pressure monitoring device market report also offers information on several market vendors, including A&D Co. Ltd., General Electric Co., Geratherm Medical AG, Halma Plc, Hill-Rom Holdings Inc., Koninklijke Philips NV, Masimo Corp., Nihon Kohden Corp., OMRON Corp., and Smiths Medical Inc. among others.
What will the Blood Pressure Monitoring Device Market Size be During the Forecast Period?
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Blood Pressure Monitoring Device Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing preference for home-based bp monitoring is notably driving the blood pressure monitoring device market growth, although factors such as the presence of a high undiagnosed population may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the blood pressure monitoring device industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Blood Pressure Monitoring Device Market Driver
The growing preference for home-based bp monitoring is notably driving the blood pressure monitoring device market growth. Home-based ambulatory BP monitoring devices monitor BP and diagnose white coat hypertension, masked hypertension, labile hypertension, and resistant hypertension. They also monitor and assess nocturnal BP, which improves diagnosis and enables accurate clinical decision-making and treatment. Home-based BP monitors improve the ability to evaluate the risk of target organ damage and hypertension-related mortality and morbidity. They assess nocturnal and diurnal changes to predict the risks associated with high BP. They also simplify the diagnosis and management of hypertension. Hence, the growing preference for home-based BP monitoring will drive the growth of the global BP monitoring devices market during the forecast period.
Key Blood Pressure Monitoring Device Market Trend
The growing demand for ambulatory BP monitoring systems is the key market trend driving the blood pressure monitoring device market growth. The demand for ambulatory BP monitors, which are primarily used to diagnose white coat hypertension and masked hypertension, is growing. Ambulatory BP monitors are compact, arm-based, or wrist-based devices that have user-friendly features that improve accessibility. Measuring BP using ambulatory BP monitoring systems is noninvasive. The use of ambulatory BP monitors allows the monitoring of the BP of people during participation in daily activities. These devices also monitor the effectiveness of BP medications. Ambulatory BP monitors are used for diagnosing arterial hypertension at home and in healthcare facilities such as clinics. Several vendors offer advanced ambulatory BP monitors. Hence, the growing demand for ambulatory BP monitoring systems will drive the growth of the global BP monitoring devices market during the forecast period.
Key Blood Pressure Monitoring Device Market Challenge
The major challenge impeding the blood pressure monitoring device market growth is the presence of a high undiagnosed population. Hypertension is the leading cause of heart attacks and the largest contributor to the global burden of diseases. A large proportion of the population remained undiagnosed or was inadequately treated. Hence, they are at high risk of morbidity and mortality from hypertension-related conditions such as stroke and other CVDs. In the US, in Missouri, 1.5 million adults have hypertension but have not been diagnosed. The CDC had started the Million Hearts initiative, a national effort to prevent one million heart attacks and strokes by 2017 by controlling BP. The initiative encourages healthcare professionals (HCPs) to identify patients with undiagnosed hypertension. The American Heart Association (AHA) and the American College of Cardiology (ACC) have reclassified 130/80 mm Hg as the threshold for hypertension. Earlier, it was 140/80 mm Hg. Due to the reclassification, more than 103 million people in the US have high BP. Hence, the presence of a high undiagnosed population is a challenge for the growth of the global BP monitoring devices market.
This blood pressure monitoring device market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global blood pressure monitoring device market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the blood pressure monitoring device market during the forecast period.
Who are the Major Blood Pressure Monitoring Device Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- A&D Co. Ltd.
- General Electric Co.
- Geratherm Medical AG
- Halma Plc
- Hill-Rom Holdings Inc.
- Koninklijke Philips NV
- Masimo Corp.
- Nihon Kohden Corp.
- OMRON Corp.
- Smiths Medical Inc.
This statistical study of the blood pressure monitoring device market encompasses successful business strategies deployed by the key vendors. The blood pressure monitoring device market is fragmented and the vendors are deploying growth strategies such as focusing on product differentiation and distribution agreements to compete in the market.
Product Insights and News
- Halma Plc - It is a 24 hours ambulatory BP monitoring system that provides diagnostic information.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The blood pressure monitoring device market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Blood Pressure Monitoring Device Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the blood pressure monitoring device market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for the Blood Pressure Monitoring Device Market?
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32% of the market’s growth will originate from North America during the forecast period. The US is the key market for the blood pressure monitoring device market in North America. Market growth in this region will be faster than the growth of the European market.
The high prevalence of hypertension, the advent of technologically advanced products and the presence of developed healthcare infrastructure will facilitate the blood pressure monitoring device market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 impacted the demand for blood pressure monitoring devices negatively as the supply chain network for pressure monitoring devices was disrupted. The manufacturing of blood pressure monitoring devices also stopped in the first half of 2020 as most blood pressure monitoring device companies switched to the production of essential equipment and supplies, such as PPE kits, which were required for the diagnosis and treatment of patients with COVID-19. This declined the sales of pressure monitoring devices in the region. Hence, the growth of the blood pressure monitoring devices market in North America was limited in 2020. However, the blood pressure monitoring devices market is expected to recover during the forecast period along with the economic recovery of the region.
What are the Revenue-generating Product Segments in the Blood Pressure Monitoring Device Market?
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The blood pressure monitoring device market share growth by the sphygmomanometers segment will be significant during the forecast period. The global sphygmomanometer market is growing steadily. This is due to the increasing incidence of CVDs and associated diseases. Digital and aneroid sphygmomanometers are commonly used in hospitals.
This report provides an accurate prediction of the contribution of all the segments to the growth of the blood pressure monitoring device market size and actionable market insights on post COVID-19 impact on each segment.
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Blood Pressure Monitoring Device Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.67% |
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Market growth 2021-2025 |
$ 1.95 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.46 |
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Regional analysis |
North America, Europe, Asia, and ROW |
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Performing market contribution |
North America at 32% |
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Key consumer countries |
US, China, Germany, India, France, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
A&D Co. Ltd., General Electric Co., Geratherm Medical AG, Halma Plc, Hill-Rom Holdings Inc., Koninklijke Philips NV, Masimo Corp., Nihon Kohden Corp., OMRON Corp., and Smiths Medical Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Blood Pressure Monitoring Device Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive blood pressure monitoring device market growth during the next five years
- Precise estimation of the blood pressure monitoring device market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the blood pressure monitoring device industry across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of blood pressure monitoring device market vendors
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