Wearable Blood Pressure Monitors Market Size, Share, And Growth Rate Analysis 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 wearable blood pressure monitors market report forecasts the wearable blood pressure monitors market size to grow to $3.77 Billion by 2027, with a CAGR (compound annual growth rate) of /almost 21%.
Learn More On The Wearable Blood Pressure Monitors Market Report 2023 – https://www.thebusinessresearchcompany.com/report/wearable-blood-pressure-monitors-global-market-report
Wearable Blood Pressure Monitors Market Size Forecast
The global wearable blood pressure monitors market is expected to grow from $1.46 billion in 2022 to $1.77 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. 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 wearable blood pressure monitors market size is expected to grow to $3.77 billion in 2027 at a CAGR of 20.9%.
North America held the largest wearable blood pressure monitors market share.
Key Wearable Blood Pressure Monitors Market Driver – Increase In Demand For Patient Monitoring Devices
The increasing prevalence of chronic diseases coupled with the rise in surgeries that need continuous monitoring has mainly increased the demand for patient monitoring devices. Additionally, due to the growing awareness of a healthy lifestyle and fitness, individuals are interested in continuous monitoring of their health as it acts as a preventive measure while improving their health condition. The National Wearable Survey report by Valencell, a wearable technology company, states that two-thirds of customers owned a wearable device as they believe that it causes a positive impact on their health. Nearly 55% of the respondents are interested in monitoring their blood pressure with the help of wearable technologies. Therefore, increased demand for monitoring devices is expected to drive the wearable blood pressure market.
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Key Wearable Blood Pressure Monitors Market Trend – Growing Research And Development
Most of the wearable blood pressure monitoring technologies are under either experimental or research and development stage. Companies and researchers are studying different wearable technologies that monitor blood pressure. For instance, video from a smartphone is used to detect blood pressure by the variation in facial blood vessels. Valencell, a health-tech company, is working on an earbud sensor for detecting blood pressure using photoplethysmography. Also, the Akttia bracelet, a cuff-less technology that uses an optical sensor for monitoring blood pressure is under validation. Therefore, more R&D in this field is expected to provide growth opportunities for the wearable blood pressure market.
Wearable Blood Pressure Monitors Market Segment
1) By Product: Wrist Blood Pressure Monitor, Upper Arm Blood Pressure Monitor, Finger Blood Pressure Monitor
2) By Technology: Wi-Fi Based, Bluetooth Based
3) By Application: Hospital, Clinic, Home Care Settings, Other Applications
Wearable Blood Pressure Monitors Market Major Players and Strategies
Major players in the wearable blood pressure monitors market are Blipcare, GE Healthcare, ForaCare Suisse, Omron, Xiaomi, Philips, Medieval, Qardio, Smiths Group, and Tarilian Laser Technologies.
The Wearable Blood Pressure Monitors Global Market Report 2023 covers regional data on wearable blood pressure monitors market size, wearable blood pressure monitors market trends and drivers, opportunities, strategies, and wearable blood pressure monitors market competitor analysis. The countries covered in the wearable blood pressure monitors 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.
Wearable blood pressure monitors are medical devices that can be worn by the user and measure the pressure of blood in the arteries
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