The global cuffless blood pressure monitor market size is expected to reach USD 1,312.5 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to advance at a CAGR of 10.9% from 2023 to 2030. The increasing prevalence of hypertension is expected to drive the growth of the market for cuffless blood pressure monitors. They are a type of wearable device that can measure blood pressure without the need for a large inflatable cuff.
Cuffless Blood Pressure Monitor Market Report Highlights
· The wrist-based segment dominated the market in 2022. The increasing adoption of smartwatches and fitness trackers has been one of the driving factors behind the growth of wrist-based BP monitors
· The hospital segment is expected to account for a substantial share in the market for cuffless blood pressure monitors, due to the increasing prevalence of hypertension, the convenience and accuracy of cuffless BP monitors, and the growing trend towards remote patient monitoring, which are factors contributing to the adoption of these devices in hospitals
· North America has established a strong regional position in the market in 2022, owing to the increasing prevalence of hypertension and cardiovascular diseases in the regional population
· Asia Pacific is estimated to expand at the fastest rate during the forecast period due to the increasing investment in healthcare infrastructure in recent years, particularly in emerging regional economies such as China and India
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These devices are becoming increasingly popular among individuals with hypertension, as they offer a more convenient, economical, and non-invasive way to monitor blood pressure. According to the World Health Organization, over 1.28 million people aged 30-79 worldwide suffer from hypertension, with the majority residing in low and middle-income countries. The COVID-19 pandemic has led to a significant increase in the utilization of home blood pressure monitoring devices. As a result, the market experienced substantial growth during the pandemic period.
However, the demand for these devices is expected to remain strong even in the post-pandemic period, thus contributing to the market growth. A key factor for the high demand for home blood pressure monitoring devices is the prevalence of chronic diseases such as hypertension. Additionally, the rising geriatric population and the growing risk of lifestyle-associated disorders, such as obesity, among a wide population have further driven the demand for these devices. There is a high demand for cuffless blood pressure monitoring devices particularly, due to their convenience and ease of use.
The market is anticipated to expand due to the increasing rate of government approval for products, and new launches by key market players. For instance, in July 2022, LiveMetric received FDA approval for its cuffless blood pressure sensor. The device is designed as a smartwatch and can monitor blood pressure changes 24/7 by tracking the wrist's radial artery without calibration; the device has also received the CE mark in Europe.
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Segmented the global cuffless blood pressure monitor marketbased on type, end-use, and region
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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The global blood pressure monitoring devices market is expected to value USD 2.0 billion by 2022.
Blood pressure monitoring devices are responsible for monitoring number of parameters similar to arterial blood pressure, heartbeat rate, blood flow rate, pulse-oximetry, and concentration or partial pressure of carbon dioxide.Globally, the blood pressure monitoring device market is predicted to grow at a CAGR of 11.0% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
Furthermore, large number of awareness initiatives by local governments are creating substantial increase in opportunities for market players in the recent years.
The common factors such as pollution with the growing industrialization and urbanization, are contributing to the respirational disorder, attributing to the demand blood pressure monitoring devices.The blood pressure monitoring devices offer smart diagnosis based treatment with the help of highly accurate diagnosis of physiological parameters in real-time.
These systems are capable of performing diagnosis even during occurrence of accidental errors and existence of unexpected artifacts.Blood pressure monitoring alongside multiple sensor data fusion techniques are vital for diagnosis in extreme conditions and critical situations, in which the diagnosis of inherently interlinked signals is needed.
The application of the blood pressure monitoring devices include intensive care units, battlefield medical facility, and outer-space operations.
