Health-conscious Millennials Influence Demand for Compact Blood Pressure Monitoring Devices & Accessories

Over the past decade, hypertension has emerged as one of the leading global health problems affecting more than a billion individuals. While there are several causes of hypertension, it is imperative to treat the condition to prevent myocardial infarction, kidney failure, and stroke. Moreover, hypertension is one of the major causes of cardiovascular mortality and morbidity. Traditional techniques of managing and diagnosing hypertension are largely relied on indirect measurement of the blood pressure. Home or ambulatory blood pressure monitoring techniques are still recommended by the American Society of Hypertension and the European Society of Hypertension.

In recent times, within the blood pressure monitoring devices & accessories market, there has been significant progress in the development of automated blood pressure monitoring devices & accessories. However, there is significant research being carried out to improve the accuracy and precision of these devices. The advent of new blood pressure monitoring devices & accessories integrated with advanced technologies is set to provide a significant boost to the growth of the global blood pressure monitoring devices & accessories market during the forecast period (2019-2027). The blood pressure monitoring devices & accessories market is expected to reach a value of ~US$ 3.5 Bn by the end of 2027.

blood pressure monitoring market infographic

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Potential of Cuffless Blood Pressure Monitoring Devices & Accessories under Review

Conventional blood pressure monitoring techniques, including oscillometric and auscultatory techniques, are extensively used across the world for blood pressure monitoring. However, in the current scenario, awareness about cuffless blood pressure monitoring has gained significant traction and the trend is likely to continue in the blood pressure monitoring devices & accessories market during the forecast period. The demand for cuffless blood pressure monitoring devices & accessories will largely rely on functionalities of the product, along with other factors including user-friendliness and pricing. At present, automated blood pressure measurement techniques are gaining significant popularity, as they play a key role in reducing the workload of healthcare personnel.

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Cuffless blood pressure monitoring devices & accessories are likely to witness significant adoption in homecare settings and hospitals worldwide. Cuffless blood pressure monitoring devices & accessories are gaining popularity due to drawbacks of cuff blood pressure monitoring devices & accessories, such as restricted user movement, along with discomfort and nervousness. Furthermore, a Danish medical device company, Sense A/S is of the opinion that a range of cardiovascular diseases can be effectively diagnosed by measuring the blood pressure using a basic 24-h circadian rhythm in which the cuff technique is not suitable.

Adoption of Technologically Advanced Wearable Health Devices to Rise

Non-invasive blood pressure monitoring techniques has gained worldwide acceptance over invasive blood pressure monitoring techniques over the past few decades. In recent years, owing to advancements in technology and a significant focus on product development, portable blood pressure monitoring devices & accessories are entering the blood pressure monitoring devices & accessories market. Additionally, years of research and development has paved the way for advanced blood pressure monitoring devices. For instance, smartphone sensors are increasingly being used for blood pressure monitoring, particularly in home care settings. The adoption of smartphone sensors for blood pressure monitoring is expected to grow at a significant pace, as it offers a higher degree of convenience than the conventional cuff method. According to the team of researchers at the University of Maryland and Michigan State University, the creators of mobile sensors, the newly developed device is likely to encourage individuals to monitor their blood pressure more often and detect hypertension.

While blood pressure monitoring devices & accessories integrated with embedded sensors are expected to become mainstream in the coming years, the demand for wearable fitness technology will experience growth. Driven by the ascending consumer appetite to monitor different health parameters, the demand for wearable medical or fitness technology has grown at an exponential rate in the past few years. Smart health watches, wearable ECG monitors, and wearable blood pressure monitors are expected to revolutionize blood pressure monitoring in the next few years. The global blood pressure monitoring devices & accessories market is on course to enter a digital era wherein blood pressure devices & accessories are likely to decrease in size, offer accurate results, and become more user-friendly.

blood pressure monitoring market segmentation

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Analysts’ Viewpoint

The global blood pressure monitoring devices & accessories market is expected to grow at a CAGR of ~7% during the forecast period. The growth can be largely attributed to rising health awareness among millennials, advancements in technology, growing focus on product innovation, and swelling adoption of wearable monitoring health devices. Moreover, the adoption of blood pressure monitoring devices & accessories will remain high in hospitals and home care settings during the forecast period. Stakeholders in the blood pressure monitoring devices & accessories market landscape should align their business operations in tune with the evolving user demand and integrate advanced technologies to improve precision of their devices.  

Blood Pressure Monitoring Devices & Accessories Market: Overview

  • According to Transparency Market Research’s latest research report on the global blood pressure monitoring devices & accessories market for the historical period (2017–2018) and the forecast period (2019–2027), high prevalence of hypertension is anticipated to drive the global blood pressure monitoring devices & accessories market in the near future
  • According to the report, the global blood pressure monitoring devices & accessories market was valued at ~US$ 1.9 Bn in 2018 and is projected to expand at a CAGR of ~7% from 2019 to 2027

High Prevalence of Hypertension: A Key Driver

  • Hypertension is a serious medical condition that significantly increases the risks of heart, brain, kidney, and other diseases. Hypertension is a major cause of premature death across the world.
  • According to the World Health Organization (WHO), prevalence of hypertension varies across the WHO regions and country income groups. The WHO African Region has the highest prevalence of hypertension (27%), while the WHO Region of the Americas has the lowest prevalence (18%).
  • Prevalence of hypertension exhibits a strong association with the increase in BMI and tribals with BMI > 25 were considerably more in number to have high blood pressure. Salt intake is directly related to hypertension. The prevalence of hypertension was significantly greater among those whose salt intake was more than 10 g per day.
  • Hypertension is considered to be a highly common disorder escalating drastically across the world. It is known as a “silent killer”, as it exhibits no signs or symptoms before diagnosis.
  • According to the CDC research in 2017, prevalence of hypertension in the U.S. was estimated to be 29%, with around 103 million adults in the country affected. An AHA journal published in 2019 stated that 43 million people in Japan were suffering from hypertension, and only half of the patients received treatment.
  • Changing lifestyle, along with poor diet, lack of physical activity, alcohol consumption, and mental stress lead to a rise in blood pressure at an early stage. This drives the need of blood pressure diagnostic devices.
  • All the above-mentioned factors lead for high prevalence of hypertension which is projected to drive the global blood pressure monitoring devices & accessories market during the forecast period

Periodic Calibration and Clinical Validation of Instruments to Hamper Global Market

  • The era of automated and digital blood pressure monitors is positively influencing the adoption rate of technological advancements
  • However, automated, digital, and aneroid sphygmomanometers need to be calibrated periodically by comparing the instrument with a standard and well-maintained mercury sphygmomanometer. The process is carried out by professional and trained personnel to ensure precise and effective measurement and correction of linear errors.
  • This is likely to hamper the blood pressure monitoring devices & accessories market during the forecast period
  • Hence, periodic calibration and clinical validation of instruments is projected to restrain the global blood pressure monitoring devices & accessories market during the forecast period

Lack of Reimbursement

  • Reimbursement is not provided for all types of sphygmomanometers and blood pressure monitors. For instance, Medicaid focuses solely on home blood pressure monitors.
  • Medicare’s reimbursement services for ambulatory blood pressure monitors are applicable only for “white-coat hypertension” suspected cases
  • Rise in awareness about hypertension and its prevalence is likely to offset the impact of this restraint during the forecast period

Blood Pressure Monitoring Devices & Accessories Market: Competitive Landscape

  • This report profiles major players operating in the global blood pressure monitoring devices & accessories market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global blood pressure monitoring devices & accessories market is moderately fragmented, with the presence of a few large players in the international market and numerous small players in regional markets. The top 4 to 5 players hold major share of the global blood pressure monitoring devices &  accessories market.
  • Prominent players operating in the global blood pressure monitoring devices & accessories market include
    • Omron Healthcare, Inc.
    • Koninklijke Philips N.V.
    • Schiller AG
    • American Diagnostic Corporation
    • SPENGLER
    • Spacelabs Healthcare
    • Withings SA
    • Welch Allyn, Inc.
    • SunTech Medical, Inc.
    • A&D Medical
    • GE Healthcare
  • The report on the global blood pressure monitoring devices &  accessories market discusses individual strategies, followed by company profiles of manufacturers of blood pressure monitoring devices & accessories. The ‘competitive landscape’ section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global blood pressure monitoring devices & accessories market.

Blood Pressure Monitoring Devices & Accessories Market - Scope of the Report

TMR’s report on the global blood pressure monitoring devices & accessories market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2019 to 2027. The report provides the revenue of the global blood pressure monitoring devices & accessories market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global blood pressure monitoring devices & accessories market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ device literature, annual reports, press releases, and relevant documents to understand the global blood pressure monitoring devices and accessories market.

Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global blood pressure monitoring devices & accessories market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the global blood pressure monitoring devices & accessories market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global blood pressure monitoring devices & accessories market.

The report delves into the competitive landscape of the global blood pressure monitoring devices & accessories market. Key players operating in the global blood pressure monitoring devices & accessories market have been identified, and each one of them has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOTs are some of the attributes of players in the global blood pressure monitoring devices & accessories market that have been profiled in this report.

Key Questions Answered in Blood Pressure Monitoring Devices & Accessories Market Report

  • What is the scope of growth of device companies in the blood pressure monitoring devices & accessories and its application sector?
  • What will be the Y-o-Y growth of the global blood pressure monitoring devices & accessories market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global blood pressure monitoring devices and accessories market?
  • Will North America continue to be the most profitable regional market for blood pressure monitoring devices and accessories providers?
  • Which factors will impede the growth of the global blood pressure monitoring devices & accessories market during the forecast period?
  • Which are the leading companies in the global blood pressure monitoring devices and accessories market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global blood pressure monitoring devices & accessories market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the global blood pressure monitoring devices & accessories market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, device portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to TMR’s study on the blood pressure monitoring devices and accessories markets primary sources.

These primary and secondary sources have provided exclusive information during interviews, which serves as a validation from blood pressure monitoring devices & accessories market leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global blood pressure monitoring devices & accessories market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global blood pressure monitoring devices & accessories market more reliably and accurately.

Blood Pressure Monitoring Devices & Accessories Market – Segmentation

Device

Sphygmomanometers

  • Mercury Sphygmomanometers
  • Aneroid Sphygmomanometers
  • Digital Sphygmomanometers

Automatic Blood Pressure Monitors

Ambulatory Blood Pressure Monitors

Blood Pressure Transducers

  • Disposable Blood Pressure Transducers
  • Reusable Blood Pressure Transducers

Blood Pressure Instrument Accessories

  • Blood Pressure Cuff
  • Bladders, Bulbs, and Valves

End User

Hospitals

Clinics

Ambulatory Surgery Centers

Home Care Settings

Others

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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