What is the global market size of the Blood Pressure Monitoring Devices Market?

Global Blood Pressure Monitoring Devices Market size was valued at USD 1.62 billion in 2021 and is poised to grow from USD 1.79 billion in 2022 to USD 4.12 billion by 2030, growing at a CAGR of 10.93% in the forecast period (2023-2030).

Blood Pressure Monitoring Devices Companies

Blood Pressure Monitoring Devices Market Competitive Landscape

The blood pressure monitoring devices market is fragmented and competitive due to presence of large number of leading players in the global market and several small players in the regional market. Major players adopted strategic to expand their business in order to strengthen their position in the market. GE Healthcare, A&D Medical Inc., Incorporated, Omron Healthcare Inc., and Philips Healthcare are some of the key players currently dominating the blood pressure monitoring devices market.

Blood Pressure Monitoring Devices Market Top Player's Company Profiles

Omron Healthcare, Inc.
Welch Allyn (Hill-Rom)
A&D Company, Limited
GE Healthcare
Philips Healthcare
Smiths Medical, Inc.
SunTech Medical, Inc.
Spacelabs Healthcare, Inc.
Schiller AG
Rossmax International Ltd.
BPL Medical Technologies
CONTEC MEDICAL SYSTEMS CO., LTD.
Withings
American Diagnostic Corporation
Beurer GmbH
Microlife Corporation
Briggs Healthcare
CITIZEN SYSTEMS JAPAN CO., LTD.
Terumo Corporation
Nihon Kohden Corporation

Blood Pressure Monitoring Devices Market

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Blood Pressure Monitoring Devices Market size was valued at USD 1.62 billion in 2019 and is poised to grow from USD 1.79 billion in 2023 to USD 4.12 billion by 2031, growing at a CAGR of 10.93% in the forecast period (2024-2031).

The blood pressure monitoring devices market is fragmented and competitive due to presence of large number of leading players in the market and several small players in the regional market. Major players adopted strategic to expand their business in order to strengthen their position in the market. GE Healthcare, A&D Medical Inc., Incorporated, Omron Healthcare Inc., and Philips Healthcare are some of the key players currently dominating the blood pressure monitoring devices market. 'Omron Healthcare, Inc.', 'Welch Allyn (Hill-Rom)', 'A&D Company, Limited', 'GE Healthcare', 'Philips Healthcare', 'Smiths Medical, Inc.', 'SunTech Medical, Inc.', 'Spacelabs Healthcare, Inc.', 'Schiller AG', 'Rossmax International Ltd.', 'BPL Medical Technologies', 'CONTEC MEDICAL SYSTEMS CO., LTD.', 'Withings', 'American Diagnostic Corporation', 'Beurer GmbH', 'Microlife Corporation', 'Briggs Healthcare', 'CITIZEN SYSTEMS JAPAN CO., LTD.', 'Terumo Corporation', 'Nihon Kohden Corporation'

Hypertension is one of the major causes of deaths globally. The factors responsible for hypertension includes changing lifestyles with poor diet, lack of physical activity, alcohol consumption, and mental stress. According to survey of CDC, in 2018, about 4,94,873 deaths occurred in the U.S due to high blood pressure. Globally, in 2010, about third of the adults had hypertension and only 13.8% had blood pressure under control. Hence increasing prevalence of hypertension, increases the demand for effective and accurate blood pressure monitors which ultimately drives the blood pressure monitoring devices market.

One of the ongoing trends is the increasing shift from hospital care to home care. In response to this, majority of the key players such as Omron Healthcare and others are continuously introducing new BP monitors to full-fill the need of homecare patients. Another trend is the use of Bluetooth-enabled monitors- these devices having long battery life, having compact structure, and suitable for self-monitoring. These devices ensure the more thorough follow-up care for the patients and help to transfer the patient data to doctor.

North America is expected to account for the largest revenue share during the forecast period due to presence of regulated and developed healthcare infrastructure. In addition, key players increased their investment in the development of accurate and effective BP monitors is a factor which propel the market growth. Moreover, new product launches along with technological advancements also boost market growth. For instance, in Feb 2020, Hillrom announced the commercial launch of new device-Welch Allyn Spot Vital Signs 4400- which is an easy-to-use next generation vital signs device used to improve hypertension detection in ambulatory & emergency department settings.

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Blood Pressure Monitoring Devices Market Competitive Landscape

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