Overview and Scope
Wearable blood pressure monitors are medical devices that can be worn by the
user and measure the pressure of blood in the arteries.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the wearable blood pressure monitors
market in 2023. Asia-Pacific was the second largest market in the global
wearable blood pressure monitors market analysis. The regions covered in the
wearable blood pressure monitors market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the wearable blood pressure monitors market report
are Philips, Omron Corporation, Beurer, A&D Company, Withings, iHealth,
ChroniSense Medical, Qardio, American Diagnostic Corporation, Koogeek,
Transtek, AOEOM, GOQii, Samsung Group, Pebble, ten3T Healthcare, H2CARE, Living
Care India, Riversong Technology Pvt. Ltd., MevoFit, OPTA, Transtek, Infineon
Technologies AG, Lifesource, BPM connect, iProven, Care Touch, Blipcare, GE
Healthcare, ForaCare Suisse, Xiaomi, Medaval, Smiths Group, Tarilian Laser
Technologies, Aktiia, SunTech Medical Inc.
The wearable blood pressure monitors market report table of contents includes:
1. Executive Summary
2. Wearable
Blood Pressure Monitors Market Characteristics
3. Wearable
Blood Pressure Monitors Market Trends And Strategies
4. Wearable
Blood Pressure Monitors Market - Macro Economic Scenario
5. Global
Wearable Blood Pressure Monitors Market Size and Growth
.
32. Global
Wearable Blood Pressure Monitors Market Competitive Benchmarking
33. Global
Wearable Blood Pressure Monitors Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Wearable Blood Pressure Monitors Market
35.
Wearable Blood Pressure Monitors Market Future Outlook and Potential Analysis
36.
Appendix
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