Overview and Scope
Wearable blood pressure monitors are medical devices that can be worn by the user and measure the pressure of blood in the arteries.
Sizing and Forecast
The wearable blood pressure monitors market size has grown exponentially in recent years. It will grow from $1.77 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 20.7%. The growth in the historic period can be attributed to increased prevalence of hypertension, increase in healthcare spending, rapid technological advancements and strong economic growth in emerging markets.
The wearable blood pressure monitors market size is expected to see exponential growth in the next few years. It will grow to $4.57 billion in 2028 at a compound annual growth rate (CAGR) of 21.0%. The growth in the forecast period can be attributed to accelerating demand for remote patient monitoring devices, rise in adoption of wireless and wearable technology, increasing geriatric population and technological advances are expected to drive the market. Major trends in the forecast period include explore opportunities to invest in advance technologies to sustain intense competition, investing in ai to optimize revenue gains and increase process efficiency, consider using radar technology in wearable blood pressure monitors to provide more accurate and continuous blood pressure measurements, consider acquiring or merging and collaborating with other companies to improve product offerings and expanding operations.
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Segmentation & Regional Insights
The wearable blood pressure monitors market covered in this report is segmented –
1) By Product: Wrist Blood Pressure Monitor, Upper Arm Blood Pressure Monitor, Finger Blood Pressure Monitor
2) By Technology: Wi-Fi Based, Bluetooth Based
3) By Application: Hospital, Clinic, Home Care Settings, Other Applications
North America was the largest region in the wearable blood pressure monitors market in 2023. Asia-Pacific was the second largest market in the global wearable blood pressure monitors market analysis. The regions covered in the wearable blood pressure monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increased demand for patient monitoring devices is expected to drive the wearable blood pressure monitors market. The increasing prevalence of chronic diseases coupled with the rise in surgeries that need continuous monitoring has mainly increased the demand for patient monitoring devices. Additionally, due to the growing awareness of a healthy lifestyle and fitness, individuals are interested in continuous monitoring of their health as it acts as a preventive measure while improving their health condition. The National Wearable Survey report by Valencell, a wearable technology company, states that two-thirds of customers owned a wearable device as they believe that it causes a positive impact on their health. Nearly 55% of the respondents are interested in monitoring their blood pressure with the help of wearable technologies. Therefore, increased demand for monitoring devices is expected to drive the wearable blood pressure market growth.
Key Industry Players
Major companies operating in the wearable blood pressure monitors market report are Philips, Omron Corporation, Beurer, A&D Company, Withings, iHealth, ChroniSense Medical, Qardio, American Diagnostic Corporation, Koogeek, Transtek, AOEOM, GOQii, Samsung Group, Pebble, ten3T Healthcare, H2CARE, Living Care India, Riversong Technology Pvt. Ltd., MevoFit, OPTA, Transtek, Infineon Technologies AG, Lifesource, BPM connect, iProven, Care Touch, Blipcare, GE Healthcare, ForaCare Suisse, Xiaomi, Medaval, Smiths Group, Tarilian Laser Technologies, Aktiia, SunTech Medical Inc.
The wearable blood pressure monitors market report table of contents includes:
1. Executive Summary
- Wearable Blood Pressure Monitors Market Characteristics
- Wearable Blood Pressure Monitors Market Trends And Strategies
- Wearable Blood Pressure Monitors Market – Macro Economic Scenario
- Global Wearable Blood Pressure Monitors Market Size and Growth
.
- Global Wearable Blood Pressure Monitors Market Competitive Benchmarking
- Global Wearable Blood Pressure Monitors Market Competitive Dashboard
- Key Mergers And Acquisitions In The Wearable Blood Pressure Monitors Market
- Wearable Blood Pressure Monitors Market Future Outlook and Potential Analysis
- Appendix
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