Global Blood Pressure Monitoring Devices Market
Medical Equipment

What Will The Blood Pressure Monitoring Devices Market Look Like In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s blood pressure monitoring devices market report forecasts the blood pressure monitoring devices market size to grow to $3.80 Billion by 2027, with a CAGR (compound annual growth rate) of 8%.

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Blood Pressure Monitoring Devices Market Size Forecast
The global blood pressure monitoring devices market is expected to grow from $2.56 billion in 2022 to $2.79 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blood pressure monitoring devices market size is expected to reach $3.80 billion in 2027 at a CAGR of 8.0%.

North America held the largest blood pressure monitoring devices market share.

Key Blood Pressure Monitoring Devices Market Driver ­– Rise In The Incidences Of Hypertension
According to an article published in October 2020 by the Pan American Health Organisation, a United Nations specialised body based in the United States, over one billion people worldwide, or more than 30% of the adult population, suffer from hypertension. As a result, rising hypertension rates are propelling the blood pressure monitoring equipment market forward.

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Key Blood Pressure Monitoring Devices Market Trend – Technological Advancement
To maintain their market position, major blood pressure monitoring firms are focusing on inventing revolutionary technologies. For example, in November 2021, CardioX Corporation, a diagnostic medical device firm based in the United States, debuted Lana Patapava, a blood pressure calculation method that relies solely on an ECG (electrocardiogram) recorded by a wearable device and does not require any further equipment. The technology is offered through an AI-powered mobile app that allows users to import an ECG recorded by the wearable device and show blood pressure, heart rate, and HRV data. Users can use this technology to track and regulate their health metrics like as heart rate and body temperature.

Blood Pressure Monitoring Devices Market Segment
1) By Product Type: Digital Blood Pressure Monitor, Sphygmomanometer, Ambulatory Blood Pressure Monitor, Instruments And Accessories, Transducers
2) By Technology: Digital, Aneroid, Wearable
3) By End User: Hospitals, Home-Care Settings, Ambulatory Surgical Centers, Other End Users

Blood Pressure Monitoring Devices Market Major Players and Strategies
Major players in the blood pressure monitoring devices market are Rossmax International Ltd., Koninklijke Philips N.V., SunTech Medical Inc., Graham-field Health Products Inc., Welch Allyn Inc., Microlife Corporation, A&D Company Limited, Omron Corporation, Hill-Rom Services Inc., American Diagnostic Corporation, Withings Health Solutions, Smiths Medical Inc., Braun Healthcare, ICU Medical Inc., and Panasonic Corporation.

CardieX, an Australia-based cardiovascular technology business, acquired Blumio for an unknown sum in November 2022. This acquisition enables CardieX to expand its product line and capabilities in the digital health area by incorporating wearable blood pressure monitoring technology and expertise. Blumio is a maker of wearable blood pressure monitoring sensors based in the United States.

The Blood Pressure Monitoring Devices Global Market Report 2023 covers regional data on blood pressure monitoring devices market size, blood pressure monitoring devices market trends and drivers, opportunities, strategies, and blood pressure monitoring devices market competitor analysis. The countries covered in the blood pressure monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Blood pressure monitoring devices are medical gadgets that measure and monitor blood pressure as it travels through a person’s arteries. These devices are routinely used to diagnose and manage hypertension, a major health concern.

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