Global Wearable Blood Pressure Monitors Market, By Product Type (Wrist Blood Pressure Monitor, Upper Arm Blood Pressure Monitor, Finger Blood Pressure Monitor), Connecting Technology (WiFi Based, Bluetooth Based), Component (Battery, Bluetooth IC, Display, Memory, Processor, Sensor), Measurement (Arterial Tonometry, Oscillometric Method, Pulse Transit Time Method), Distribution Channel (Offline Mode, Online Mode), Application (Home Healthcare, Remote Patient Monitoring, Sports and Fitness), End User (Hospital, Clinic, Ambulatory Care, Home Care Settings) – Industry Trends and Forecast to 2029.
Wearable Blood Pressure Monitors Market Analysis and Size
Wearable blood pressure monitors use technology that is linked to the user's body to continuously check blood pressure, even while they are sleeping, exercising, or doing other things. An app is used to store and evaluate the data. Monitoring your blood pressure could be made easier and more convenient by wearable technology or smartphone apps, which many people use to monitor their heart rate, sleep habits, and other things.
Data Bridge Market Research analyses that the wearable blood pressure monitors market which was USD 1.9 billion in 2021, would rocket up to USD 6.23 billion by 2029, and is expected to undergo a CAGR of 16.00% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Wearable Blood Pressure Monitors Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Wrist Blood Pressure Monitor, Upper Arm Blood Pressure Monitor, Finger Blood Pressure Monitor), Connecting Technology (WiFi Based, Bluetooth Based), Component (Battery, Bluetooth IC, Display, Memory, Processor, Sensor), Measurement (Arterial Tonometry, Oscillometric Method, Pulse Transit Time Method), Distribution Channel (Offline Mode, Online Mode), Application (Home Healthcare, Remote Patient Monitoring, Sports and Fitness), End User (Hospital, Clinic, Ambulatory Care, Home Care Settings)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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General electric (U.S.), ForaCare Suisse AG (Switzerland), OMRON Corporation (Japan), Xiaomi (China), Koninklijke Philips N.V. (Netherlands), Medaval Ltd. (Ireland), Qardio, Inc (U.S.), Smiths Group plc (U.K), Blipcare (U.S.), iHealth Labs Inc. (U.S.), Pyle Audio (U.S.), Koogeek Inc (U.S.), BioTelemetry (U.S.), Garmin Ltd. (U.S.) and ChroniSense Medical Ltd. (Israel)
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Market Opportunities
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Market Definition
Wearable blood pressure monitors use technology that is attached to the user's body to continually measure blood pressure while they are sleeping and exercising. They are extensively utilised in fields including home healthcare, remote patient monitoring, and sports and fitness. The wearable blood pressure monitor is called H2-BP.
Global Wearable Blood Pressure Monitors Market Dynamics
Drivers
- Rising patient monitoring devices
The market for wearable blood pressure monitors is anticipated to be driven by rising patient monitoring device demand. The rise in procedures requiring ongoing monitoring coupled with the prevalence of chronic conditions has mostly driven up demand for patient monitoring equipment. Additionally, people are interested in ongoing health monitoring because it serves as a preventive strategy while also improving their health status due to the increased knowledge of a healthy lifestyle and fitness.
- Rise in monitoring device demand
According to Valencell, a firm that makes wearable technology, two-thirds of customers owned a wearable device because they thought it had a good impact on their health. Nearly 55% of defendants expressed interest in using wearable technology to monitor their blood pressure. The market for wearable blood pressure monitors is therefore anticipated to be driven by rising monitoring device demand.
Opportunities
- Increased prevalence of hypertension
An increase in the prevalence of hypertension, especially in the senior population, which had a substantial impact on the market expansion. According to the United Nations' 2019 World Population Ageing report, there were 703 million people 65 and over worldwide in 2019. The elevated incidence of hypertension among the elderly population makes frequent blood pressure checks even more important. For the elderly population, daily trips to clinics or other medical facilities may not be feasible. Therefore, medical professionals advise people to wear or carry portable blood pressure monitoring devices.
Furthermore, the wearable blood pressure monitors market's growth is fuelled during the forecast period as a result of increasing demand for patient monitoring devices. This will provide beneficial opportunities for the wearable blood pressure monitors market growth.
Restraints/Challenges
- Lack of precision
On the other hand, dearth of precision when compared to conventional devices and compatibility issues with other devices will obstruct the market's growth rate.
Various wearable gadgets' readings varied under diverse settings, including rest and activity. The market for wearable blood pressure monitors is therefore anticipated to experience growing challenges due to a lack of precision.
This wearable blood pressure monitors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wearable blood pressure monitors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wearable Blood Pressure Monitors Market Scope
The wearable blood pressure monitors market is segmented on the basis of product type, connecting technology, component, measurement, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Wrist Blood Pressure Monitor
- Upper Arm Blood Pressure Monitor
- Finger Blood Pressure Monitor
Connecting Technology
- WiFi Based
- Bluetooth Based
Component
- Battery
- Bluetooth IC
- Display
- Memory
- Processor
- Sensor
Measurement
- Arterial Tonometry
- Oscillometric Method
- Pulse Transit Time Method
Distribution Channel
- Offline Mode
- Online Mode
Application
- Home Healthcare
- Remote Patient Monitoring
- Sports and Fitness
End User
- Hospital
- Clinic
- Ambulatory Care
- Home Care Settings
Wearable Blood Pressure Monitors Market Regional Analysis/Insights
The wearable blood pressure monitors market is analysed and market size insights and trends are provided by country, product type, connecting technology, component, measurement, distribution channel and application as referenced above.
The countries covered in the wearable blood pressure monitors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the wearable blood pressure monitors market due to the growing adoption of advance technology and increasing healthcare spending.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 because of the growing geriatric population and increasing hypertension patient pool.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The wearable blood pressure monitors market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for wearable blood pressure monitors market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the wearable blood pressure monitors market. The data is available for historic period 2010-2020.
Competitive Landscape and Wearable Blood Pressure Monitors Market Share Analysis
The wearable blood pressure monitors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wearable blood pressure monitors market.
Some of the major players operating in the wearable blood pressure monitors market are:
- General electric (U.S.)
- ForaCare Suisse AG (Switzerland)
- OMRON Corporation (Japan)
- Xiaomi (China)
- Koninklijke Philips N.V. (Netherlands)
- Medaval Ltd. (Ireland)
- Qardio, Inc (U.S.)
- Smiths Group plc (U.K)
- Blipcare (U.S.)
- iHealth Labs Inc. (U.S.)
- Pyle Audio (U.S.)
- Koogeek Inc (U.S.)
- BioTelemetry (U.S.)
- Garmin Ltd. (U.S.)
- ChroniSense Medical Ltd. (Israel)
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