PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478699
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478699
The global ambulatory blood pressure monitoring devices market size is expected to reach USD 2.58 billion by 2032, according to a new study by Polaris Market Research. The report "Ambulatory Blood Pressure Monitoring Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Product and Accessories); By Operation; By Configuration; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing proliferation of hypertension as a major health concern, the rising importance of regular blood pressure monitoring, and the substantial increase in the geriatric population, who are more susceptible to cardiovascular diseases, are prominent factors driving global market growth. In addition, with the drastic shift in consumer preference from hospital settings to home care for convenience and to save time and effort, the demand for automatic or portable gadgets, including those that measure blood pressure accurately, is growing rapidly.
For instance, according to the Pan American Health Organization, in May 2023, 1 in every six adults in the United States is affected by hypertension, which is the leading factor of cardiovascular diseases and causes over 2 million deaths every year.
Furthermore, the need for remote patient monitoring and innovative telemedicine solutions has grown drastically over the years, so companies are increasingly investing in R&D activities to develop new remote blood pressure monitoring devices that offer reliable data transmission in remote areas and can be customized according to healthcare organizations' requirements. For instance, in January 2024, Pylo Health announced the launch of its two new cellular-connected remote patient monitoring devices, including a blood pressure monitor.
Companies worldwide are implementing various new blood pressure measurement technologies that use miniaturized sensors. These include signals such as electrocardiography, photoplethymography, seismocardiography, electrical bioimpedance, and ballistocardiography, all of which are used to detect blood volume changes in the microvascular bed of tissue. Thus, cuffles measuring devices that are based on these signals instead of directly determining blood pressure are gaining traction and could open up new growth avenues for the market.
Product segment accounted for a noteworthy share, which is attributed to its characteristics, including reliability, accuracy, and greater convenience
Automatic segment held the maximum share due to its ability to allow patients to perform blood pressure monitoring with any knowledge and assistance
The portable segment will grow at the highest pace on account of the growing adoption of portable monitors as it enables patients to perform monitoring at their preferred time and location
North America dominated the global market, owing to the robust presence of well-established healthcare infrastructure and the incidence of hypertension
The key market players include Contec Medical Systems, GE Healthcare, Schiller AG, SunTech Medical, Nihon Kohden Corporation, and Bosch Healthcare Solutions
Polaris Market Research has segmented the ambulatory blood pressure monitoring devices market report based on device type, operation, configuration, and region: