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The home blood pressure monitoring devices market share is expected to increase by USD 565.93 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.4%.
This home blood pressure monitoring devices 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 home blood pressure monitoring devices market segmentation by type (arm-cuff, wrist-cuff, and others) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The home blood pressure monitoring devices market report also offers information on several market vendors, including A and D Co. Ltd., American Diagnostic Corp., Beurer GmbH, Contec Medical Systems Co. Ltd., Dr. Morepen, ForaCare Inc., Halma Plc, IgridStore, iHealth Labs Inc., Koninklijke Philips NV, Microlife Corp., OMRON Corp., Qardio Inc., Rossmax International Ltd., Spengler Holtex Group, Telli Health LLC, Welch Allyn Inc., Wellue Health, Withings SA, and Zewa Inc. among others.
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The growing demand for home-based digital blood pressure monitors is notably driving the home blood pressure monitoring devices market growth, although factors such as the presence of a large 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 home blood pressure monitoring devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Home Blood Pressure Monitoring Devices Market Driver
One of the key factors driving growth in the global home blood pressure monitoring devices market is the growing demand for home-based digital blood pressure monitors. Medical guidelines define hypertension as blood pressure higher than 130 over 80 mmHg. To monitor, record, and treat high blood pressure patients, physicians recommend home blood and pressure monitors. Also, advances in wearable technology and in-sync with smart devices will surge the demand for home-based digital blood pressure monitors. Furthermore, aged people are at high risk of hypertension, and their blood pressure must be monitored daily. Daily visits to a physician's clinic or healthcare center might not be feasible in this case. Therefore, home care monitoring is advised in such cases by physicians. Vendors are offering home-based blood pressure monitors, which are convenient, user-friendly, wireless, and cost-effective. These factors are expected to result in increased demand for home-based monitoring. Moreover, such devices also help to reduce hospital costs, thereby positively increasing the demand for and sales of digital blood pressure monitors. Also, the growing preference for home-based healthcare monitoring and the adoption of portable multiparameter monitoring devices, especially in developed countries, is likely to spur the growth of the market.
Key Home Blood Pressure Monitoring Devices Market Trend
Technological advances are another factor supporting the global home blood pressure monitoring devices market growth. The global body blood pressure monitoring devices market is witnessing high technological advances in terms of device design, compatibility, accuracy, portability, and other features. The global home blood pressure monitoring devices market is highly competitive, and vendors are offering novel products with product differentiation to sustain them in the competitive market and gain revenues. Manufacturers are continually investing huge amounts in R&D for designing digital blood pressure monitors to cater to the requirements of the end-users. Therefore, growing technological advancements enable the designing and manufacture of novel digital blood pressure monitors, which increase their demand and adoption, thereby positively fueling the growth of the global home blood monitoring devices market.
Key Home Blood Pressure Monitoring Devices Market Challenge
The presence of a large undiagnosed population will be a major challenge for the global home blood pressure monitoring devices market during the forecast period. High blood pressure affects millions of people globally and is one of the leading causes of heart disease, especially stroke. Though many people are affected with hypertension, most of them remain undiagnosed and untreated due to a lack of awareness and negligence. It has been estimated that more than 25% of people globally are unaware of their condition. Therefore, to address this issue, organizations are conducting campaigns to increase awareness among people. For instance, a five-year initiative by the CDC, the Centers for Medicare and Medicaid Services (CMS), and the US Department of Health and Human Services (HHS) led to the establishment of the Million Hearts campaign. The main agenda behind the launch of this program was to reach out to the undiagnosed population with hypertension. Even after conducting such initiatives and campaigns, lack of awareness about symptoms and diseases and a large undiagnosed population are still the challenges for the global home blood pressure monitoring devices market.
This home blood pressure monitoring devices 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 2022-2026.
Technavio categorizes the global home blood pressure monitoring devices 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 home blood pressure monitoring devices market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the home blood pressure monitoring devices market encompasses successful business strategies deployed by the key vendors. The home blood pressure monitoring devices market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, reputation, brand identity, and distribution to compete in the market.
To make the most of the opportunities and recover from the 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 home blood pressure monitoring devices 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.
Our report provides extensive information on the value chain analysis for the home blood pressure monitoring devices 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.
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43% of the market’s growth will originate from North America during the forecast period. The US is the key market for home blood pressure monitoring devices in North America. Market growth in this region will be faster than the growth of the market in European regions.
The high prevalence of high blood pressure cases causing white coat hypertension will facilitate the home blood pressure monitoring devices 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
In 2020, the COVID-19 outbreak, which was declared a pandemic by WHO, disrupted the operations of most industries, including the healthcare sector across the US. This has been challenging for the manufacturing and supply of major healthcare equipment, such as home blood pressure monitoring devices, but their demand also increased as most people were not able to visit clinics for checkups. So, most physicians suggested checking it through home blood pressure monitoring devices.
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The home blood pressure monitoring devices market share growth by the arm-cuff segment will be significant during the forecast period. The arm-based ambulatory blood pressure monitors market is expected to grow steadily during the forecast period. The factors contributing to the growth of the market include the increasing prevalence of hypertension and increasing technological advances.
This report provides an accurate prediction of the contribution of all the segments to the growth of the home blood pressure monitoring devices market size and actionable market insights on the post-COVID-19 impact on each segment.
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Home Blood Pressure Monitoring Devices Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
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Market growth 2022-2026 |
USD 565.93 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.8 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 43% |
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Key consumer countries |
US, Canada, Germany, UK, and China |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
A and D Co. Ltd., American Diagnostic Corp., Beurer GmbH, Contec Medical Systems Co. Ltd., Dr. Morepen, ForaCare Inc., Halma Plc, IgridStore, iHealth Labs Inc., Koninklijke Philips NV, Microlife Corp., OMRON Corp., Qardio Inc., Rossmax International Ltd., Spengler Holtex Group, Telli Health LLC, Welch Allyn Inc., Wellue Health, Withings SA, and Zewa 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, and Market condition analysis for the 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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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