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Blood Pressure Monitors Market Size, Share & COVID-19 Impact Analysis, By Product (Sphygmomanometer, Digital BP Monitors, and Ambulatory BP Monitors); By End-User (Hospitals & Clinics, Home Healthcare, and Others), and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI100059

 

KEY MARKET INSIGHTS

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The global blood pressure monitors market size was USD 1.49 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with these monitors witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a stellar growth rate of 16.4% in 2020 as compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 1.68 billion in 2021 to USD 3.21 billion in 2028 at a CAGR of 9.8% in the 2021-2028 period. The sudden fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.


Blood pressure fluctuation plays a crucial role in the diagnosis of any chronic disease. In recent years, major players, including SunTech Medical Inc., Omron Healthcare, Inc., and others, have launched a variety of innovative blood pressure monitoring devices not only for detecting blood pressure but also to detect the temperature, heart rate abnormalities, vital signs, and more.



  • For example, In November 2017, SunTech Medical, Inc. introduced SunTech CT50 at the 2017 MEDICA World Forum for Medicine, which can measure blood pressure along with other vital signs.


The increasing prevalence of cardiovascular diseases, such as cardiac arrhythmia, hypertension, and others, are leading to the rising diagnostics procedures and significantly boosting the demand for these devices worldwide. Additionally, the increasing awareness of cardiovascular diseases among common people along with the rising shift from hospital care to home care settings are surging the demand for home blood pressure monitors and are subsequently set to fuel the overall growth opportunity of the market during the forecast period.


Increasing Usage of Blood Pressure Monitors for Diagnosis of Comorbidities Related to COVID-19 to Boost Market Growth


The COVID-19 pandemic has had a positive impact on the global market. Various studies suggested that the presence of comorbid conditions, including hypertension, was associated with increased severity of covid-19 among patients.



  • For instance, according to a report published by Springer Nature Limited, in 2020, it was observed that hypertension is one of the most common comorbidities in hospitalized patients suffering from the COVID-19 virus.


Due to this, the focus on routine checkups increased among the general population, as well as the patient population suffering from COVID-19, leading to the surging use of BP monitors. This, in turn, is increasing the demand for this device significantly.


Apart from this, the government and other private organizations are also emphasizing the use of different BP monitors to control the blood pressure of patients during this pandemic.



  • For example, the American Heart Association (AHA), American Medical Association (AMA), and others are taking active participation in promoting the awareness of blood pressure monitors by publishing several guidelines during the pandemic.


LATEST TRENDS


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Increasing Shift of Patients from Hospital Care to Home Care Settings is an On-going Trend


The governments of many countries are imposing lockdowns in various areas and postponing elective surgeries. Also, in this era of community transmission, patients are more inclined towards home care devices, and a shift from hospital care to home settings is observed. In response to this shift, the majority of key players such as Omron Healthcare, Inc., and others are constantly introducing different BP monitoring devices to cater to the unmet needs of home care patients.


Some of these devices include digital BP monitors, wearable devices. They are capable of measuring blood pressure, along with body temperature and cardiac rhythm abnormalities accurately.



  • For example, in January 2021, Aktiia SA launched a 24/7 automated blood pressure monitoring system that continuously monitors the blood pressure of the patient even when the patient is asleep.


DRIVING FACTORS


Rising Prevalence of Chronic Diseases to Propel Market Growth


Globally, the prevalence of chronic diseases, including hypertension, is increasing rapidly. For instance, according to a report by the Pan American Health Organization, in 2020, more than 30.0% of the adult population globally were affected by hypertension. Also, the government of different countries, as well as private healthcare organizations, are constantly promoting awareness of the effective management of hypertension. This is leading to increased self-diagnosis processes and routine checkups among common people, resulting in the rising demand for such monitors. To cater to this unmet demand, key players of this market are introducing different devices with advanced features, such as data transfer via Bluetooth.



  • For instance, in October 2020, Omron Healthcare, Inc. launched two new products, i.e., OMRON HEM-7361T and OMRON HEM-7156, in Indonesia with advanced screening technology and Bluetooth wireless connectivity.


This introduction increased the adoption rate of advanced BP monitors among healthcare facilities and is subsequently augmenting the blood pressure monitoring devices market growth.


RESTRAINING FACTORS


High Cost of Advanced Devices to Limit Adoption Worldwide


In many developing countries, the use of these monitors is very limited. Apart from this, the high prices of these devices are also restricting the adoption of new and advanced devices in these countries.



  • For example, according to Cleveland Clinic, the retail prices of this device varies from USD 40 to USD 60 based on the type of device. Despite new players entering the market with low-cost devices, the average retail prices seem to be higher for people in low-income countries.


Apart from this, the lack of validation and the inaccuracy of some automatic and manual monitors is resulting in incorrect measurements. This is leading to the decreased adoption of these devices among healthcare professionals and the general population. For example, according to a study published by the American Heart Association, Inc., in 2020, the evaluation of roughly 972 BP monitors sold on online platforms in Australia revealed that 93.4% of these devices were non-validated.


SEGMENTATION


By Product Analysis


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Digital BP Monitors Segment Dominated the Market in Terms of Share in 2020


Among products, the digital blood pressure monitors segment accounted for the highest market share in 2020 compared to other products owing to the introduction of various monitors with advanced features in this segment. Also, the accuracy level of this device is a key reason for the segment’s dominance in this market. The sphygmomanometer segment captured a significant amount of share in the market due to its efficacy level and its low-cost structure. On the other hand, the ambulatory BP monitors segment is expected to register a significant CAGR attributed to the increasing adoption of these devices in ambulatory centers in many developed countries such as the U.S., Germany, France, and the U.K.


By End-User Analysis


Home Healthcare Segment to Register the Highest CAGR During the Forecast Period


Based on the end-user, the home healthcare segment is anticipated to grow with the highest CAGR during 2021-2028. This is due to the preferential shifts of patients from hospital care towards home care, thereby leading to the increased adoption of home monitors. The hospitals and clinics segment held a dominant share of the market in 2020.


This is due to the rising patient visits for routine checkups, leading to the growing demand for precise blood pressure monitoring tools in hospitals and clinics.


The other segment is expected to witness a moderate CAGR during the forecast period due to the lack of technological advancements and the absence of skilled healthcare professionals to properly diagnose the blood pressure with advanced BP monitors.


REGIONAL INSIGHTS


North America Blood Pressure Monitors Market Size, 2020 (USD Billion)

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The blood pressure monitoring market size in North America stood at USD 0.63 billion in 2020. In this region, the number of patients with high blood pressure is increasing rapidly.



  • For instance, according to a report by Statistics Canada, till 2019, around 5,570,200 Canadians were living with high blood pressure.


Due to this, the demand for diagnostic devices is increasing in a significant way and, in turn, is accelerating the growth of the market in this region. Apart from this, the strong direct presence of prominent market leaders, such as Hill-Rom Holdings Inc., in this region is also enabling it to hold the dominant market position.


Europe is projected to register a steady CAGR during the forecast period. This is due to the rising number of patient populations suffering from hypertension in European countries, resulting in an increased demand for these products. In order to fulfill this emerging demand, the global players are focusing on R&D, and inorganic strategies, such as mergers and acquisitions.



  • For example, in January 2021, Koninklijke Philips N.V. partnered up with Rennes University Hospital, France, to strengthen the product offerings for diagnostics, interventional imaging, and monitoring of patients.


On the other hand, the increasing geriatric population in Asia Pacific is resulting in the surging incidence of chronic diseases among them, such as hypertension, cardiovascular diseases, and others. Thus, the increasing patient pool of hypertension, along with the rising focus of key players in emerging markets, such as China, Japan, and others, is resulting in the growing demand and adoption of blood pressure monitors in the region. Latin America and the Middle East & Africa are expected to register moderate CAGR during the forecast period. The lack of reimbursement policies for diagnostics procedures by governments or private insurers in these regions is significantly limiting the growth of the market in this region.


KEY INDUSTRY PLAYERS


Diversified Product Launches by Players Such as Omron Healthcare, Inc. to Lead to Their Dominance


Omron Healthcare, Inc., Hill-Rom Holdings, Inc., and Nihon Kohden Corporation are among the leading players in the global market. The introduction of advanced technology for blood pressure measurement and the acquisition of other market players to expand their product type offerings are some of the key factors primarily responsible for the dominance of these players.



  • For instance, in February 2021, Hill-Rom Holdings, Inc. acquired the contact-free continuous technology from EarlySense with a view to monitoring patients remotely.


Apart from this, other key players operating in the market are Koninklijke Philips N.V., Masimo, GE Healthcare (General Electric Company), American Diagnostic Corporation, Beurer GmbH, and SunTech Medical Inc.


LIST OF KEY COMPANIES PROFILED:



  • Omron Healthcare, Inc. (Kyoto, Japan)

  • Hill-Rom Holdings, Inc. (Indiana, United States)

  • Nihon Kohden Corporation (Tokyo, Japan)

  • Koninklijke Philips N.V. (Amsterdam, Netherlands)

  • Masimo (Irvine, California)

  • Beurer GmbH (Ulm, Germany)

  • GE Healthcare (General Electric Company) (Chicago, United States)

  • American Diagnostic Corporation (Sweden, Europe)

  • SunTech Medical, Inc. (Morrisville, United States)


KEY INDUSTRY DEVELOPMENTS:



  • January 2020 SunTech Medical, Inc. announced a collaboration with Valencell Inc., intending to develop new blood pressure monitoring solutions to increase patient safety.

  • January 2019 – Omron Healthcare, Inc. announced the U.S. availability of a wearable oscillometric blood pressure monitor, HeartGuide, to monitor blood pressure at any time during work.


REPORT COVERAGE


An Infographic Representation of Blood Pressure Monitors Market

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The blood pressure monitors market research report provides a detailed analysis of the industry and focuses on key aspects, such as leading companies, products, and end-users. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over recent years.


Report Scope & Segmentation









































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Billion)



Segmentation



By Product



  • Sphygmomanometer



  • Digital BP Monitors

  • Ambulatory BP Monitors



By End-User



  • Hospitals & Clinics

  • Home Healthcare

  • Others



 



By Geography



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • The Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Frequently Asked Questions

Fortune Business Insights says that the global market stood at USD 1.49 billion in 2020 and is projected to reach USD 3.21 billion by 2028.

In 2020, the North American market value stood at USD 0.63 billion.

In 2020, the share of the digital BP monitors segment was 66.6%.

The market will exhibit steady growth at a CAGR of 9.8% during the forecast period (2021-2028).

By product, the digital BP monitors segment will lead the market.

The rising prevalence of chronic diseases, the introduction of technologically advanced monitors, and the growing awareness of this device among common people are the key market drivers.

Omron Healthcare, Inc., Hill- Rom Holdings, Inc., and Nihon Kohden Corporation are the top players in the market.

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Table of Content:

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. Key Insights
    1. Prevalence of Hypertension, Key Countries/ Region, 2020
    2. Overview of New Product Launches
    3. Key Industry Developments – Mergers, Acquisitions, and Partnerships
    4. Impact of COVID-19 on the Market
  5. Global Blood Pressure Monitors Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Product
      1. Sphygmomanometer
      2. Digital BP Monitors
      3. Ambulatory BP Monitors
    3. Market Analysis, Insights and Forecast – By End User
      1. Hospitals & Clinics
      2. Home Healthcare
      3. Others
    4. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
  6. North America Blood Pressure Monitors Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Product
      1. Sphygmomanometer
      2. Digital BP Monitors
      3. Ambulatory BP Monitors
    3. Market Analysis, Insights and Forecast – By End User
      1. Hospitals & Clinics
      2. Home Healthcare
      3. Others
    4. Market Analysis, Insights and Forecast – By Country
      1. U.S.
      2. Canada
  7. Europe Blood Pressure Monitors Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Product
      1. Sphygmomanometer
      2. Digital BP Monitors
      3. Ambulatory BP Monitors
    3. Market Analysis, Insights and Forecast – By End User
      1. Hospitals & Clinics
      2. Home Healthcare
      3. Others
    4. Market Analysis, Insights and Forecast – By Country/ Sub-region
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
  8. Asia pacific Blood Pressure Monitors Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Product
      1. Sphygmomanometer
      2. Digital BP Monitors
      3. Ambulatory BP Monitors
    3. Market Analysis, Insights and Forecast – By End User
      1. Hospitals & Clinics
      2. Home Healthcare
      3. Others
    4. Market Analysis, Insights and Forecast – By Country/ Sub-region
      1. Japan
      2. China
      3. India
      4. Australia
      5. Rest of Asia Pacific
  9. Latin America Blood Pressure Monitors Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Product
      1. Sphygmomanometer
      2. Digital BP Monitors
      3. Ambulatory BP Monitors
    3. Market Analysis, Insights and Forecast – By End User
      1. Hospitals & Clinics
      2. Home Healthcare
      3. Others
    4. Market Analysis, Insights and Forecast – By Country/ Sub-region
      1. Brazil
      2. Mexico
      3. Rest of Latin America
  10. Middle East & Africa Blood Pressure Monitors Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Product
      1. Sphygmomanometer
      2. Digital BP Monitors
      3. Ambulatory BP Monitors
    3. Market Analysis, Insights and Forecast – By End User
      1. Hospitals & Clinics
      2. Home Healthcare
      3. Others
    4. Market Analysis, Insights and Forecast – By Country/ Sub-region
      1. GCC Countries
      2. South Africa
      3. Rest of Middle East & Africa
  11. Competitive Analysis
    1. Key Industry Developments
    2. Global Market Share Analysis (2020)
    3. Company Profiles (Overview, Products, SWOT analysis, Recent developments, strategies, financials (based on availability))
      1. Koninklijke Philips N.V.
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      2. HILL-ROM HOLDINGS, INC.
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      3. Omron Healthcare, Inc.
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      4. Masimo
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      5. Nihon Kohden Corporation
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      6. GE Healthcare (General Electric Company)
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      7. Beurer GmbH
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      8. American Diagnostic Corporation (ADC)
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      9. SunTech Medical, Inc.
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
  12. Strategic Recommendations

List of Figures

Figure 01: Global Blood Pressure Monitors Market Revenue Breakdown (USD billion, %) by Region, 2020 & 2028

Figure 02: Global Blood Pressure Monitors Market Value Share (%), by Product, 2020 & 2028

Figure 03: Global Blood Pressure Monitors Market Forecast (USD billion), By Digital BP Monitors, 2017-2028

Figure 04: Global Blood Pressure Monitors Market Forecast (USD billion), By Ambulatory BP Monitors, 2017-2028

Figure 05: Global Blood Pressure Monitors Market Forecast (USD billion), by Sphygmomanometer, 2017-2028

Figure 06: Global Blood Pressure Monitors Market Value Share (%), by End User, 2020 & 2028

Figure 07: Global Blood Pressure Monitors Market Forecast (USD billion), By Hospitals & Clinics, 2017-2028

Figure 08: Global Blood Pressure Monitors Market Forecast (USD billion), By Home Healthcare, 2017-2028

Figure 09: Global Blood Pressure Monitors Market Forecast (USD billion), by Others, 2017-2028

Figure 10: Global Blood Pressure Monitors Market Value Share (%), by Region, 2020 & 2028

Figure 11: North America Blood Pressure Monitors Market Value (USD billion), by Country, 2020 & 2028

Figure 12: North America Blood Pressure Monitors Market Value Share (%), by Country, 2020

Figure 13: North America Blood Pressure Monitors Market Value (USD billion), by Product, 2020 & 2028

Figure 14: North America Blood Pressure Monitors Market Value Share (%), by Product, 2020

Figure 15: North America Blood Pressure Monitors Market Value (USD billion), by End User, 2020 & 2028

Figure 16: North America Blood Pressure Monitors Market Value Share (%), by End User, 2020

Figure 17: Europe Blood Pressure Monitors Market Value (USD billion), by Country, 2020 & 2028

Figure 18: Europe Blood Pressure Monitors Market Value Share (%), by Country, 2020

Figure 19: Europe Blood Pressure Monitors Market Value (USD billion), by Product, 2020 & 2028

Figure 20: Europe Blood Pressure Monitors Market Value Share (%), by Product, 2020

Figure 21: Europe Blood Pressure Monitors Market Value (USD billion), by End User, 20202 & 2028

Figure 22: Europe Blood Pressure Monitors Market Value Share (%), by End User, 2020

Figure 23: Asia Pacific Blood Pressure Monitors Market Value (USD billion), by Country, 2020 & 2028

Figure 24: Asia Pacific Blood Pressure Monitors Market Value Share (%), by Country, 2020

Figure 25: Asia Pacific Blood Pressure Monitors Market Value (USD billion), by Product, 2020 & 2028

Figure 26: Asia Pacific Blood Pressure Monitors Market Value Share (%), by Product, 2020

Figure 27: Asia Pacific Blood Pressure Monitors Market Value (USD billion), by End User, 2020 & 2028

Figure 28: Asia Pacific Blood Pressure Monitors Market Value Share (%), by End User, 2020

Figure 29: Latin America Blood Pressure Monitors Market Value (USD billion), by Country, 2020 & 2028

Figure 30: Latin America Blood Pressure Monitors Market Value Share (%), by Country, 2020

Figure 31: Latin America Blood Pressure Monitors Market Value (USD billion), by Product, 2020 & 2028

Figure 32: Latin America Blood Pressure Monitors Market Value Share (%), by Product, 2020

Figure 33: Latin America Blood Pressure Monitors Market Value (USD billion), by End User, 2020 & 2028

Figure 34: Latin America Blood Pressure Monitors Market Value Share (%), by End User, 2020

Figure 35: Middle East & Africa Blood Pressure Monitors Market Value (USD billion), by Country, 2020 & 2028

Figure 36: Middle East & Africa Blood Pressure Monitors Market Value Share (%), by Country, 2020

Figure 37: Middle East & Africa Blood Pressure Monitors Market Value (USD billion), by Product, 2020 & 2028

Figure 38: Middle East & Africa Blood Pressure Monitors Market Value Share (%), by Product, 2020

Figure 39: Middle East & Africa Blood Pressure Monitors Market Value (USD billion), by End User, 2020 & 2028

Figure 40: Middle East & Africa Blood Pressure Monitors Market Value Share (%), by End User, 2020

Figure 41: Global Blood Pressure Monitors Market Share Analysis (%), By Company, 2020

List of Tables

Table 01: Global Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Product, 2017–2028

Table 02: Global Blood Pressure Monitors Market Revenue (USD billion) Forecast, by End User, 2017–2028

Table 03: Global Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Region, 2017–2028

Table 04: North America Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Country, 2017–2028

Table 05: North America Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Product, 2017–2028

Table 06: North America Blood Pressure Monitors Market Revenue (USD billion) Forecast, by End User, 2017–2028

Table 07: Europe Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Country, 2017–2028

Table 08: Europe Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Product, 2017–2028

Table 09: Europe Blood Pressure Monitors Market Revenue (USD billion) Forecast, by End User, 2017–2028

Table 10: Asia Pacific Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Country, 2017–2028

Table 11: Asia Pacific Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Product, 2017–2028

Table 12: Asia Pacific Blood Pressure Monitors Market Revenue (USD billion) Forecast, by End User, 2017–2028

Table 13: Latin America Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Country, 2017–2028

Table 14: Latin America Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Product, 2017–2028

Table 15: Latin America Blood Pressure Monitors Market Revenue (USD billion) Forecast, by End User, 2017–2028

Table 16: Middle East & Africa Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Country, 2017–2028

Table 17: Middle East & Africa Blood Pressure Monitors Market Revenue (USD billion) Forecast, by Product, 2017–2028

Table 18: Middle East & Africa Blood Pressure Monitors Market Revenue (USD billion) Forecast, by End User, 2017–2028

Blood Pressure Monitors Market Size, Share and Global Industry Trend Forecast till 2026
  • Aug, 2021
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  • 2017-2019
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