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Global Digital Blood Pressure Monitor Market to Grow at a CAGR of 10.23% During 2022-2027, Aided by the Rising Prevalence of Hypertension

According to a new report by EMR titled, ‘Global Digital Blood Pressure Monitor Market Report and Forecast 2022-2027’, the global market for digital blood pressure monitor attained a value of about USD 975.56 million in 2021. The industry is further expected to grow at a CAGR of 10.23% in the forecast period of 2022-2027 to reach a value of approximately USD 1,750.06 million by 2027.

North America holds a significant share of the digital blood pressure monitor industry owing to the rising prevalence of blood pressure-related issues. The robust healthcare and the increasing accessibility to healthcare for all socioeconomic classes in the United States and Canada are surging the demand for digital blood pressure monitors, hence driving the growth of the market. In January 2018, the American Heart Association estimated that about 103 million adults of the United States have high blood pressure. Moreover, the growing trend of home healthcare in the region is surging the use of digital blood pressure monitors owing to their easy readability and cost-effectiveness, which is providing further impetus to the market growth of digital blood pressure monitor.

Omron Healthcare, Inc. (TYO: 6645), one of the leading companies in the market, showcased its advancement of its Going for Zero heart attacks and strokes at the 2019 Consumer Electronics Show (CES) in January 2019. The company launched HeartGuide, a wearable blood pressure monitor, and previewed Complete, a personal blood pressure monitor with EKG potential in a single device. Moreover, the data collected from the device can be transferred to HeartAdvisor to aid users to better understand their condition and access real-time heart health coaching. The device also offers the functionality of a smartphone to track activity levels and monitors sleep activity to provide users with a more comprehensive picture of their heart health. The development of such innovative devices by the leading companies is increasing the use of digital blood pressure monitors, which is significantly contributing to the growth of the market.

Market Analysis by Device Type, Distribution Channel, End Use, and Region:

  • The market, on the basis of device type, can be divided into are wrist monitors and upper arm digital monitors.
  • The distribution channels for digital blood pressure monitor include hypermarket, hospital pharmacies, retail stores, and online, among others.
  • Based on end uses, the industry can be divided into hospitals and clinics, ambulatory surgical centres, diagnostic centres, and homecare, among others.
  • The regional markets for digital blood pressure monitor include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing incidences of blood pressure-related issues such as hypertension are surging the use of digital blood pressure monitors, thereby propelling the market growth.
  • The market is being aided by the growing trend of home healthcare, which, in turn, is surging the use of digital blood pressure monitors for hypertension management and diagnosis.
  • The growing accuracy and easy readability of wrist blood pressure monitors are increasing their use in home management and diagnosis, which is augmenting the growth of the market.
  • The development of innovative wrist blood pressure monitors to automate blood pressure monitoring and collect meaningful data is providing impetus to the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for digital blood pressure monitor for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the device types, distribution channels, end uses, and major regions of digital blood pressure monitor.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global digital blood pressure monitor market are Omron Healthcare, Inc., General Electric Company, Welch Allyn, Inc., Rossmax International Ltd., and A&D Company, Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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