The global blood pressure monitor market size reached USD 2.12 billion in 2023. Over the forecast period, global demand for blood pressure monitors is set to rise at a 6.1% CAGR. Total market value is predicted to increase from around USD 2.26 billion in 2024 to USD 4.07 billion by 2034.
| Attributes | Key Insights |
|---|---|
| Blood Pressure Monitor Market Value in 2023 | USD 2.12 billion |
| Estimated Blood Pressure Monitor Market Size (2024) | USD 2.26 billion |
| Projected Blood Pressure Monitor Market Revenue (2034) | USD 4.07 billion |
| Expected Blood Pressure Monitor Market CAGR (2024 to 2034) | 6.1% |
| Market Share of Top 5 Countries | 60.9% |
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A blood pressure monitor, also known as a sphygmomanometer, is becoming a widely used medical device to measure blood pressure. It is set to be essential for monitoring and managing conditions such as hypertension and hypotension.
Demand for blood pressure monitors is expected to rise significantly as people worldwide are becoming aware of the benefits of continuously monitoring blood pressure. Companies are launching new monitors consisting of a monitoring device that gauges the pressure inside the inflatable band, which is wrapped around the arm and placed roughly leveled with the heart.
Growing adoption of these devices in healthcare settings and home care is expected to boost the blood pressure monitor market growth. The increasing prevalence of high blood pressure levels (hypertension) or low blood pressure levels (hypotension) globally is set to aid demand. The ability of blood pressure monitoring devices to measure the systolic and diastolic pressures is expected to drive demand.
High blood pressure often leads to chronic heart conditions and strokes, which are the two main reasons for death worldwide. To reduce the burden of these diseases, monitoring and managing blood pressure levels by using blood pressure monitors becomes necessary.
Blood monitoring devices are expected to be highly accurate and assist medical professionals or clinical experts in providing patients with effective care. They are playing a vital role in tackling the growing burden of conditions such as hypertension and other diseases.
Sales of blood pressure monitors grew at a CAGR of 5.4% between 2019 and 2023. The market contributes a 2.2% share to the global digital patient monitoring devices market, which was valued at USD 93.4 billion in 2022. In the assessment period, the market for blood pressure monitors is set to expand at a 6.1% CAGR.
| Historical CAGR (2019 to 2023) | 5.4% |
|---|---|
| Forecast CAGR (2024 to 2034) | 6.1% |
The sudden outbreak of the COVID-19 pandemic eventually accelerated the demand for home care blood pressure monitors. Today, people are inclined toward purchasing wearable blood pressure monitors to monitor their BP levels and reduce healthcare costs.
The growing prevalence of hypertension and the rising cases of chronic heart diseases associated with hypertension are key factors driving demand for blood pressure monitors. Subsequently, rising sales of wearable blood pressure monitors will likely foster market growth.
Blood pressure monitors are gaining immense popularity thanks to continuous technological advancements. These new devices can be connected over Bluetooth or Wi-Fi to the mobile phones of individuals. These can also generate a complete record of the readings, which can be easily sent to doctors or physicians.
Manufacturers have now made the monitoring of blood pressure easy by providing the readings on a digital screen. Earlier, a skilled person was required to note the readings, but it is now possible that a common person can also understand the values generated by these devices.
Wearable and wireless monitors are transforming the global blood pressure monitor industry. Top blood pressure monitor manufacturers are keen on developing devices that monitor not only blood pressure but also blood oxygen levels, heartbeats, and others. These devices can continuously monitor the readings and give indications if any significant change is noted with the fall or rise in the readings.
Principal Consultant
Rising Prevalence of Hypertension
The rising prevalence of hypertension is acting as a catalyst fueling demand for hypertension monitoring devices such as blood pressure monitors, and the trend is expected to continue through 2034. Similarly, increasing government initiatives regarding the awareness of several hypertension issues will bode well for the market.
According to the World Health Organisation (WHO), around 1.28 billion people globally between the ages of 30 and 79 have hypertension. Early detection becomes necessary to minimize hypertension's prevalence and reduce its mortality rate, and for this purpose, early blood pressure monitors are used.
Several nations have launched multiple schemes to decrease blood pressure and prevent heart attacks. For instance, the India Hypertension Control Project (IHCI), a multi-partner project, is implementing a public health hypertension control program throughout India. Such initiatives are expected to create new opportunities for blood pressure monitor manufacturers.
Other factors influencing market growth include:
The rising technological advancements have increased the manufacturing cost of these devices, reflecting the high production cost. This makes the product costlier. Hence, the high price of BP monitors is expected to limit their adoption in underdeveloped and developing countries.
The advancement in these devices requires a skilled technician to resolve the failure of the system in day-to-day applications. Also, the handling of these devices requires trained personnel. Hence, the lack of availability of skilled and trained personnel can also be a factor hindering the growth of the blood pressure monitor market.
Lack of awareness among the population regarding hypertension is another factor impacting growth in the market. According to an article published by WHO in August 2021, 580 billion people were unaware that they have hypertension as they were never diagnosed. Hence, a large population is going unnoticed, negatively impacting the target market.
Increasing penetration of counterfeit blood pressure monitors can also negatively impact the market. A study published by the American Heart Association in April 2020 stated that out of 972 home blood pressure monitors sold in Australia from e-commerce platforms, only 447 were validated for accuracy.
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The table below shows the anticipated growth rates of the five countries. The United States, Germany, and the United Kingdom are set to record high CAGRs of 7.5%, 9.2%, and 8.7%, respectively, through 2034.
| Countries | CAGR (2023 to 2034) |
|---|---|
| United States | 7.5% |
| United Kingdom | 8.7% |
| China | 5.1% |
| Germany | 9.2% |
| Japan | 4.9% |
| South Korea | 3.8% |
The United States is expected to dominate the global blood pressure monitor market, holding a share of 33.2% in 2023. As per the latest report, demand for blood pressure monitors in the country is projected to rise at a 7.5% CAGR.
Several factors are expected to boost the United States blood pressure monitor market value. These include the increasing incidence of hypertension, the growing popularity of home care, the strong presence of leading BP monitor manufacturers, and innovation in cardiovascular monitoring gadgets.
Hypertension or high blood pressure is becoming a big concern in the United States. As per the Centers for Disease Control and Prevention (CDC), hypertension was a primary or contributing cause of around 691,095 deaths in the United States in 2021. This spike in hypertension deaths is expected to drive demand for devices such as BP monitors.
The United States government is taking initiatives to facilitate advanced research to reduce hypertension issues and to make blood pressure devices accessible to the common people. This will likely present new opportunities for BP monitor companies and improve the United States blood pressure monitor market share.
Japan’s blood pressure monitor market is predicted to register a CAGR of 4.9% during the forecast period. In 2022, Japan held a share of 3.8% in the global blood pressure monitor industry.
Japan has an ongoing trend of adopting more non-invasive, non-invasive, easy-to-use, and patient-friendly monitoring devices. Considering the rising geriatric population in Japan, it can be estimated that the demand for blood monitoring devices is on a surge.
For instance, OMRON Healthcare Co., Ltd. revealed that about 20 million devices were estimated to exist out of around 50 million households in 2012. This increasing adoption of blood monitoring devices is expected to boost the growth of the blood pressure monitor market in Japan.
Innovation in sphygmomanometer technology and the development of novel BP monitoring equipment will also foster market growth. Similarly, a rising preference for electronic blood pressure monitors is set to improve Japan’s blood pressure monitor market share.
Sales of blood pressure monitors in the United Kingdom are expected to soar at around 8.7% CAGR during the assessment period. In 2023, the United Kingdom held a share of 3.1% of the worldwide blood pressure monitor industry.
Increasing cases of high blood pressure and rising government initiatives are key factors expected to drive sales of BP monitors in the United Kingdom. Similarly, the growing popularity and sales of wearable blood pressure monitors will likely boost the United Kingdom's blood pressure monitor industry.
According to the British Heart Foundation, in 2022, around 28% of adults in the United Kingdom are thought to have high blood pressure, and at least half of them are not receiving adequate medication. This is creating a favorable environment for the growth of the BP monitor market in the country.
The National Health Services (NHS) of the United Kingdom states that blood pressure should be monitored at least every five years for all persons over 40. Hence, there is a high opportunity for growth of the blood pressure monitor market in the United Kingdom.
As per the latest blood pressure monitor industry analysis, Germany is expected to emerge as a highly lucrative market for BP monitor manufacturers across Europe. This is attributable to the rising incidence of hypertension, surging awareness of the benefits of self-monitoring, and growing demand for digital blood pressure monitors.
Germany’s blood pressure monitor market is projected to expand at a 9.2% CAGR throughout the assessment period. It accounted for about 6.7% share of the global BP monitor market in 2023.
People in Germany are becoming aware of the benefits of self-monitoring blood pressure. For instance, it can help them identify and manage hypertension early on, thereby reducing complications such as stroke and heart disease. This is expected to uplift the demand for blood pressure monitors in the country.
China held a share of 5.5% in the global blood pressure monitor industry in 2023, and it is poised to exhibit a CAGR of 5.1% during the forecast period. This is attributable to the increasing geriatric population, the rising popularity of wearable blood pressure monitors, and the growing usage of telemedicine.
China is becoming a hotbed for manufacturers specializing in producing wearable blood pressure monitors. This is due to the growing popularity of wearable BP monitors, as they are more convenient to use than conventional blood pressure monitors.
Technological advancements in BP monitors are expected to further boost China’s blood pressure monitor market. Top China-based companies are innovating to develop more accurate, affordable, and user-friendly blood pressure monitors to woo more and more customers.
The section below shows the arm cuff segment dominating the blood pressure monitor market. It is poised to exhibit a CAGR of 5.6% during the forecast period. Based on indication, the short-term segment is expected to thrive at a 6.8% CAGR. By end-user, the ambulatory care segment is predicted to expand at a CAGR of 6.7%.
Market Growth Outlook by Product
| Product | Value CAGR |
|---|---|
| Arm Cuff BP Monitors | 5.6% |
| Wrist Cuff Arm Monitors | 7.0% |
As per the latest blood pressure monitor market analysis, arm cuff BP monitors remain the most sought-after products globally. This is because arm cuff blood pressure monitors are more reliable than wrist cuff BP monitors.
The arm cuff segment held a global market share of 64.6% in 2023. Over the forecast period, demand for arm cuff blood pressure monitors globally is predicted to increase at a CAGR of 5.6%.
Arm cuff blood pressure monitors are traditional methods of measuring blood pressure. They are generally more accurate than wrist cuff blood pressure monitors, which is encouraging their adoption globally.
The wrist cuff blood pressure monitors segment, on the other hand, is expected to witness a higher CAGR of 7.0% through 2034. This is attributable to several benefits of wrist cuff BP monitors, including ease of use, low cost, and portability.
To walk with the tide, key players are expected to introduce novel wrist blood pressure monitors. For instance, several companies are launching smartwatches with blood pressure monitors. This will bode well for the global blood pressure monitor market.
Market Growth Outlook by Indication
| Indication | Value CAGR |
|---|---|
| Long-term | 5.2% |
| Short-term | 6.8% |
The short-term segment of blood pressure monitors accounted for a dominant market share of 55.8% in 2023. For the assessment period, a CAGR of 6.8% has been predicted for the target segment.
Short-term indications such as dizziness, frequent headaches, and bleeding nose are the implications of hypertension or hypotension. Hence, the monitoring of blood pressure for these symptoms is a common routine. This makes the short-term indications a leading shareholder.
Market Growth Outlook by End User
| End-user | Value CAGR |
|---|---|
| Hospitals | 6.0% |
| Clinics | 4.4% |
| Ambulatory Care Services | 6.7% |
| Home Care | 7.6% |
The ambulatory care services segment held a prominent market share of 35.7% in 2023. Over the forecast period, the target segment is anticipated to exhibit a CAGR of 6.7%, making it a top revenue-generation end-user segment for blood pressure monitor manufacturers.
Multiple factors are expected to boost the target segment. These include the increasing number of ambulatory care services and the use of blood pressure monitors to keep track of blood pressure readings for specific time intervals. In addition, ambulatory blood pressure monitoring can offer an advantage in predicting the long-term outcomes of cardiovascular disease.
The home care segment, on the other hand, is expected to thrive at a healthy CAGR of 7.6% between 2024 and 2034. This can be attributed to rising healthcare costs, the growing popularity of home care, and increasing consumer inclination toward purchasing portable medical devices such as wrist BP monitors.
Leading manufacturers of blood pressure monitors are primarily focusing on launching novel products with enhanced features and expanding their supply chain globally. Several blood pressure monitor companies would also adopt strategic approaches such as collaborations, mergers, partnerships, and acquisitions to expand their global footprint.
Recent Developments in the Blood Pressure Monitor Market-
The global blood pressure monitor market size reached USD 2.12 billion in 2023.
The blood pressure monitor market value is set to reach USD 2.26 billion by 2024.
Demand for blood pressure monitors is expected to rise at a 6.1% CAGR through 2034.
The total market size is predicted to reach USD 4.07 billion by 2034.
Advancement in device connectivity and availability of wearable devices.
The United States, Japan, China, Russia, and the United Kingdom.
The United States accounted for about 33.2% of the global market in 2023.
Sales of blood pressure monitors in Europe are expected to rise at a 6.8% CAGR.
Abbott, Hill-Rom Services, Omron Healthcare, Van Oostveen Medical B.V., and GE Healthcare.
Omron Gold Upper Arm is considered one of the best BP monitors.
1. Executive Summary 2. Market Overview 3. Market Trends & Dynamics 4. Value Added Insights 5. Market Background 6. Global Market Demand Volume (Units) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7. Global Market - Pricing Analysis 8. Global Market Demand (in Value or Size in US$ billion) Analysis 2019 to 2023 and Forecast, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product 9.1. Arm-cuff 9.2. Wrist Cuff 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Indication 10.1. Long-term 10.2. Short-term 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End User 11.1. Hospitals 11.2. Clinics 11.3. Ambulatory Care Services 11.4. Home Care Settings 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. South Asia 12.5. East Asia 12.6. Oceania 12.7. Middle East & Africa 13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 20. Market Structure Analysis 21. Competition Analysis 21.1. Abbott 21.2. Hill-Rom Services 21.3. Drägerwerk 21.4. Koninklijke Philips N.V. 21.5. Schiller AG 21.6. Microlife AG 21.7. BioCare Corporation 21.8. Contec Medical 21.9. Lifevit 21.10. Lepu Medical Technology (Beijing) Co., Ltd. 21.11. Mocacare 21.12. Omron Healthcare 21.13. Van Oostveen Medical B.V. 21.14. Sinocare Inc. 21.15. Rudolf Riester GmbH 21.16. Avita 21.17. GE Healthcare 21.18. Easy Healthcare 21.19. EB Neuro 21.20. Eocene Systems 21.21. Bionet America, Inc. 22. Assumptions and Acronyms Used 23. Research Methodology
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