Ambulatory Blood Pressure Monitoring Market - Forecast(2022 - 2027)

The Ambulatory Blood Pressure Monitoring Market size is forecast to reach $1.34 billion by 2027, growing at a CAGR of 6.9% during the forecast period 2022-2027. Ambulatory blood pressure monitoring involves monitoring patient's blood pressure over a 24-hour period as they carry out daily activities. These devices help in monitoring blood pressure levels at different time intervals, usually ranging from 15 to 30 minutes. Rise in the prevalence of hypertension, and increasing focus on innovation of technologically advanced, high volume, and low-value devices are the major factors driving the growth of the market. An increase in healthcare expenditure, and increasing preference of patients for digitally and technologically advanced blood pressure monitoring devices is set to further enhance the overall market demand for the Ambulatory Blood Pressure Monitoring Market during the forecast period 2022-2027.

Report Coverage

The report: "Ambulatory Blood Pressure Monitoring Market Forecast (2022-2027)", by IndustryARC, covers an in-depth analysis of the following segments of the Ambulatory Blood Pressure Monitoring Market.

By Product Type: Wrist Monitors, and Arm Monitors

By End Users: Hospitals, Clinics, Ambulatory Surgical Centers, Emergency Medical Services, Home Care Settings, and Others

By Geography: North America, Europe, Asia Pacific, and Rest of the World (RoW)

Key Takeaways

North America dominated the Ambulatory Blood Pressure Monitoring Market in 2019 owing to the increasing introduction of patient-friendly ambulatory blood pressure monitoring devices and growing incidences of white coat effect in hospital or clinic blood pressure monitoring. The Ambulatory Blood Pressure Monitoring Market scope for different regions will be provided in the final report.

The emergence of integrated technologies, and the immense popularity of online-based medical devices is likely to aid in the market growth of the Ambulatory Blood Pressure Monitoring Market.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Ambulatory Blood Pressure Monitoring Market report.

The high cost of ambulatory blood pressure monitoring devices and lack of awareness about the devices in developing countries is poise to create hurdles for the Ambulatory Blood Pressure Monitoring Market.

Product Type- Segment Analysis

Wrist Monitors segment held the largest share in the Ambulatory Blood Pressure Monitoring Market in 2019 and is estimated to grow at a CAGR of 7.5% during the forecast period 2022-2027. Wrist ambulatory blood pressure monitors are extremely sensitive to body position. To get an accurate reading when taking the blood pressure with a wrist monitor, the arm and wrist must be at heart level. Even then, blood pressure measurements taken at the wrist are usually higher and less accurate than those taken at the upper arm owing to the fact that the wrist arteries are narrower than and not as deep under the skin as those of the upper arm. Some people can't have their blood pressure measured at the upper arm owing to that they have a very large arm or find blood pressure measurements painful. In these cases, measuring blood pressure at the wrist is acceptable. Wrist Monitors is set to be the highest growing segment and is estimated to register the highest CAGR during the forecast period 2022-2027.

End Users- Segment Analysis

The Hospitals segment held the largest share in the Ambulatory Blood Pressure Monitoring Market in 2019. Ambulatory blood pressure monitoring allows many blood pressure (BP) readings to be recorded over 24 hours, whether the patient is awake or asleep. At a doctor's office or clinic, an instrument called a sphygmomanometer is used to take BP readings. Usually, only one or two readings are taken during a doctor's visit. However, ambulatory BP monitoring yields many readings over a continuous period. Ambulatory BP monitoring provides additional information about how the changes in BP can correlate with the daily activities and sleep patterns and can detect abnormal fluctuations in BP that might go unnoticed when BP is only measured in the doctor's office. It is a very useful way to detect white coat hypertension, masked hypertension, and sustained hypertension. The Hospitals are set to be the highest growing segment and are estimated to register the highest CAGR during the forecast period 2022-2027.

Geography - Segment Analysis

North America dominated the Ambulatory Blood Pressure Monitoring Market in 2019 with a share of more than 41.25%, followed by the Asia Pacific owing to the increasing introduction of patient-friendly ambulatory blood pressure monitoring devices and growing incidences of white coat effect in hospital or clinic blood pressure monitoring.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2022-2027 owing to the high disposable income, and strong health policies. The emerging trend of preventive healthcare is increasing the growth of the ambulatory blood pressure monitoring market in this region.

Drivers - Ambulatory Blood Pressure Monitoring Market

Growing cases of hypertension

Growing cases of hypertension are increasing the growth of the ambulatory blood pressure monitoring market owing to the growing geriatric population and unhealthy habits such as alcoholism and smoking. Hypertension (HTN or HT), also known as high blood pressure (HBP), is a long-term medical condition in which the blood pressure in the arteries is persistently elevated. High blood pressure is a common condition in which the long-term force of the blood against your artery walls is high enough that it can eventually cause health problems, such as heart disease. Blood pressure is determined both by the amount of blood your heart pumps and the amount of resistance to blood flow in your arteries. The more blood your heart pumps and the narrower your arteries, the higher your blood pressure. Even without symptoms, damage to blood vessels, and the heart continues and can be detected. Uncontrolled high blood pressure increases your risk of serious health problems, including heart attack and stroke. Thus, increasing the growth of the ambulatory blood pressure monitoring market during the forecast period 2022-2027.

The emergence of integrated technologies, and the immense popularity of online-based medical devices

The emergence of integrated technologies and the immense popularity of online-based medical devices is increasing the growth of the ambulatory blood pressure monitoring market. Advanced medical technologies, disruptive innovations, and digital communication have gradually become inseparable from providing best practice healthcare. While the cost of treating chronic conditions is increasing and doctor shortages are imminent worldwide, the needed transformation in the structure of healthcare and medicine fails to catch up with the rapid progress of the medical technology industry. This transition is slowed down by strict regulations; the reluctance of stakeholders in healthcare to change; and ignoring the importance of cultural changes and the human factor in an increasingly technological world. With access and adoption of technology getting higher, the risk of patients primarily turning to an accessible, but the unregulated technological solution for their health problem is likely to increase. Thus, increasing the growth of the ambulatory blood pressure monitoring market during the forecast period 2022-2027.

Challenges - Ambulatory Blood Pressure Monitoring Market

The high cost of ambulatory blood pressure monitoring devices and lack of awareness about the devices in developing countries

Some of the factors that are set to impede the growth of the Ambulatory Blood Pressure Monitoring Market are the high cost of ambulatory blood pressure monitoring devices and lack of awareness about the devices in developing countries. Product failure and inconsistency in the product component is poise to create hurdles for the Ambulatory Blood Pressure Monitoring Market.

Ambulatory Blood Pressure Monitoring Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Ambulatory Blood Pressure Monitoring Market. In 2019, the Ambulatory Blood Pressure Monitoring Market share is consolidated by the top ten players present in the market. Ambulatory Blood Pressure Monitoring Market, the top 10 companies are SunTech Medical, Inc., GE Healthcare, Welch Allyn, BPL Medical Technologies, Medtronic Inc., Spacelabs Healthcare, Inc., A&D Company, Ltd., Vaso corporations, Schiller AG, and Omron Healthcare Company, Ltd among others.

Acquisitions/Product Launches

In December 2019, GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care acquired Deciso Health which is a helping care provider.