Healthcare

Wearable Blood Pressure Monitors Market Key Drivers And Outlook Report 2024 – 2033

The Wearable Blood Pressure Monitors by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Wearable Blood Pressure Monitors, The wearable blood pressure monitors market size has grown exponentially in recent years. It will grow from $1.77 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 20.7%. The growth in the historic period can be attributed to increased prevalence of hypertension, increase in healthcare spending, rapid technological advancements and strong economic growth in emerging markets.

The wearable blood pressure monitors market size is expected to see exponential growth in the next few years. It will grow to $4.57 billion in 2028 at a compound annual growth rate (CAGR) of 21.0%. The growth in the forecast period can be attributed to accelerating demand for remote patient monitoring devices, rise in adoption of wireless and wearable technology, increasing geriatric population and technological advances are expected to drive the market. Major trends in the forecast period include explore opportunities to invest in advance technologies to sustain intense competition, investing in ai to optimize revenue gains and increase process efficiency, consider using radar technology in wearable blood pressure monitors to provide more accurate and continuous blood pressure measurements, consider acquiring or merging and collaborating with other companies to improve product offerings and expanding operations.

Increased demand for patient monitoring devices is expected to drive the wearable blood pressure monitors market. The increasing prevalence of chronic diseases coupled with the rise in surgeries that need continuous monitoring has mainly increased the demand for patient monitoring devices. Additionally, due to the growing awareness of a healthy lifestyle and fitness, individuals are interested in continuous monitoring of their health as it acts as a preventive measure while improving their health condition. The National Wearable Survey report by Valencell, a wearable technology company, states that two-thirds of customers owned a wearable device as they believe that it causes a positive impact on their health. Nearly 55% of the respondents are interested in monitoring their blood pressure with the help of wearable technologies. Therefore, increased demand for monitoring devices is expected to drive the wearable blood pressure market growth.

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The wearable blood pressure monitors market covered in this report is segmented –

1) By Product: Wrist Blood Pressure Monitor, Upper Arm Blood Pressure Monitor, Finger Blood Pressure Monitor

2) By Technology: Wi-Fi Based, Bluetooth Based

3) By Application: Hospital, Clinic, Home Care Settings, Other Applications

Most of the wearable blood pressure monitoring technologies are under either experimental or research and development stage. Companies and researchers are studying different wearable technologies that monitor blood pressure. For instance, video from a smartphone is used to detect blood pressure by the variation in facial blood vessels. Valencell, a health-tech company, is working on an earbud sensor for detecting blood pressure using photoplethysmography. Also, the Akttia bracelet, a cuff-less technology that uses an optical sensor for monitoring blood pressure is under validation. Therefore, more R&D in this field is expected to provide growth opportunities for the wearable blood pressure market.

The wearable blood pressure monitors market report table of contents includes: