Global Home Blood Pressure Monitoring Devices Market Report and Forecast 2024-2032

Global Home Blood Pressure Monitoring Devices Market Outlook

The global home blood pressure monitoring devices market attained a value of nearly USD 1.55 billion in 2023. The industry is further expected to grow at a CAGR of 9.8% between 2024 and 2032.

The global home blood pressure monitoring devices industry is driven by the growing prevalence of diseases associated with blood pressure and rapidly developing technologies in the industry. In patients aged about 50 years and older, high blood pressure has been detected as the main cause of certain serious diseases and, thus, controlling the same has become a central task in the process of successful disease prevention and management. Further, home blood pressure monitoring devices are evolving and can treat hypertension, which is expected to provide further impetus to the industry growth.

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Market Segmentation

Home blood pressure monitoring uses a device similar to the device used by the doctor or nurse in the GP practice or clinic to measure the blood pressure of a patient.
 
The global home blood pressure monitoring devices market is divided based on segments like types and distribution channels.

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The industry can be broadly categorised based on its types into:

• Upper Arm Monitors
• Wrist Monitors
• Accessories

The industry can be divided based on its distribution channels as:

• Hospital Pharmacies
• Retail Pharmacies
• Online Stores
• Others

The EMR report looks into the regional markets of home blood pressure monitoring devices like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

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Market Analysis

With the rapid technological advancements, smart monitoring has become a global trend and is driving the market for home blood pressure monitoring devices. In addition, as smart technology continues to ease medical device functionality, the increased popularity of smartphone application gives patients better access and control, influencing the market growth. With today’s tech-savvy consumers, wearable health monitoring devices have achieved rapid acceptance, which is propelling the market growth. In the healthcare industry, wearable gadgets provide a simple way to monitor multiple physiological factors and may offer clinical solutions. These favourable properties of the product are expected to catalyse the market growth in the coming years. Further, changing consumer preference in developed and developing countries, rising disposable incomes, increased awareness about the product, and the growing product distribution via online sales platforms are expected to aid the industry growth over the forecast period.
 
 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global home blood pressure monitoring devices industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• OMRON Healthcare Co., Ltd.
• A&D Company Ltd.
• Rossmax International Ltd.
• Hill-Rom Services Inc
• SunTech Medical, Inc.
• Koninklijke Philips N.V.
• Beurer GmbH
• Qardio, Inc.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report