Global Smart Blood Pressure Monitoring Devices Market Overview
According to SPER Market Research, the Global Smart Blood Pressure Monitoring Devices Market is estimated to reach USD 3.63 billion by 2033 with a CAGR of 11.35%.
Smart blood pressure monitoring devices are devices that allow people to monitor their blood pressure readings in real time. These devices typically consist of an upper arm cuff that is connected to a digital monitor that displays the readings. Smart blood pressure monitors can be linked to a smartphone or tablet via Bluetooth or Wi-Fi technology, and the readings can be saved and tracked over time with the help of a companion app. Some devices can also communicate with other health-tracking devices, such as fitness trackers or smart watches, to provide a more comprehensive picture of a person's health. Smart blood pressure monitors can provide accurate readings comparable to traditional blood pressure monitoring equipment, and they can be a useful tool for individuals to monitor their blood pressure from the comfort of their own home. Furthermore, these devices can be especially useful for people who need to monitor their blood pressure on a regular basis, such as those with hypertension or other cardiovascular conditions.
Exploring the Growth Drivers of the Global Smart Blood Pressure Monitoring Devices Market Industry
In Global Smart Blood Pressure Monitoring Devices Market has grown rapidly in recent years and is expected to expand with a CAGR of 11.35% in the future and is forecasted to reach USD 3.63 billion by 2032. Several key factors which are responsible for the expansion of this industry are Increasing prevalence of hypertension and cardiovascular diseases, Rising adoption of home healthcare, Technological advancements, Increasing healthcare expenditure, Growing awareness and adoption of wearable devices.
Hypertension and cardiovascular diseases are becoming prevalent worldwide, which is driving the demand for smart blood pressure monitoring devices. There is also a growing trend towards home healthcare, as individuals seek to monitor their health more closely and manage chronic conditions. Smart blood pressure monitoring devices are convenient and easy-to-use tools for individuals to monitor their blood pressure from the comfort of their own homes. Technological advances in smart blood pressure monitoring devices are increasing their accuracy and convenience. Some devices, for example, now include artificial intelligence algorithms to provide more personalised and accurate readings.
What challenges does the Global Smart Blood Pressure Monitoring Devices Market face?
Regardless of several opportunities in Global Smart Blood Pressure Monitoring Devices Market, there are several challenges that the market players are facing in this sector. High cost, Limited awareness and adoption, Accuracy concerns, Regulatory challenges, Data privacy and security concerns are some of the main challenges in this industry. The cost of these devices is higher as compared to the traditional blood pressure monitoring devices, which could limit their adoption, particularly in developing countries where healthcare budgets are limited. Despite the potential benefits of these devices, there is still lack of awareness and limited adoption of these devices among patients, physicians, and healthcare providers. Some studies have also raised concerns about the accuracy of these devices, particularly for individuals with certain health conditions or in certain situations, such as during physical activity.
In what ways has the COVID-19 pandemic affected Global Smart Blood Pressure Monitoring Devices Market?
The COVID-19 pandemic has led to an increased demand for smart blood pressure monitoring devices as patients seek to monitor their blood pressure from home. However, disruptions in the global supply chain have led to shortages and delays in production and delivery. The competition among manufacturers has also intensified, leading to new players entering the market and established players expanding their offerings. Additionally, regulatory changes have created new hurdles for manufacturers to navigate. Overall, while the pandemic has posed challenges for the market, it has also created opportunities for growth and innovation as the healthcare industry continues to evolve in response to the pandemic.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Technology
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | A&D Medical Inc., Beurer GmbH, ForaCare Suisse AG, iHealth Labs Inc., Kaz Inc., Koninklijke Philips N.V., Microlife AG, Omron Healthcare, Inc, Qardio, Inc.
|
Target Audience:
- Healthcare providers
- Hospitals
- Clinics
- Pharmacies
- Patients
Global Smart Blood Pressure Monitoring Devices Market Segmentation:
1. By Type:
- Upper Arm Blood Pressure Monitor
- Wrist Blood Pressure Monitor
- Finger Blood Pressure Monitor
2. By Technology:
- Wi-Fi Based/4G
- Bluetooth Based
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Smart Blood Pressure Monitoring Devices Market (FY’2022-FY’2033)
- Overview of Global Smart Blood Pressure Monitoring Devices Market
- Segmentation of Global Smart Blood Pressure Monitoring Devices Market By Type (Upper Arm Blood Pressure Monitor, Wrist Blood Pressure Monitor, Finger Blood Pressure Monitor)
- Segmentation of Global Smart Blood Pressure Monitoring Devices Market By Technology (Wi-Fi Based/4G, Bluetooth Based)
- Statistical Snap of Global Smart Blood Pressure Monitoring Devices Market
- Growth Analysis of Global Smart Blood Pressure Monitoring Devices Market
- Problems and Challenges in Global Smart Blood Pressure Monitoring Devices Market
- Competitive Landscape in the Global Smart Blood Pressure Monitoring Devices Market
- Impact of COVID-19 and Demonetization on Global Smart Blood Pressure Monitoring Devices Market
- Details on Recent Investment in Global Smart Blood Pressure Monitoring Devices Market
- Competitive Analysis of Global Smart Blood Pressure Monitoring Devices Market
- Major Players in the Global Smart Blood Pressure Monitoring Devices Market
- SWOT Analysis of Global Smart Blood Pressure Monitoring Devices Market
- Global Smart Blood Pressure Monitoring Devices Market Future Outlook and Projections (FY’2022-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Smart Blood Pressure Monitoring Devices Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Smart Blood Pressure Monitoring Devices Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Blood Pressure Monitoring Devices Market
7. Global Smart Blood Pressure Monitoring Devices Market, By Type, 2022-2033 (USD Million)
7.1 Upper Arm Blood Pressure Monitor
7.2 Wrist Blood Pressure Monitor
7.3 Finger Blood Pressure Monitor
8. Global Smart Blood Pressure Monitoring Devices Market, By Technology, 2022-2033 (USD Million)
8.1 Wi-Fi Based/4G
8.2 Bluetooth Based
9. Global Smart Blood Pressure Monitoring Devices Market, By Region, 2022-2033 (USD Million)
9.1 Global Smart Blood Pressure Monitoring Devices Market Size and Market Share by Region (2022-2028)
9.2 Global Smart Blood Pressure Monitoring Devices Market Size and Market Share by Region (2029-2033)
9.3 Asia-Pacific
9.3.1 Australia
9.3.2 China
9.3.3 India
9.3.4 Japan
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 Europe
9.4.1 France
9.4.2 Germany
9.4.3 Italy
9.4.4 Spain
9.4.5 United Kingdom
9.4.6 Rest of Europe
9.5 Middle East and Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
9.6 North America
9.6.1 Canada
9.6.2 Mexico
9.6.3 United States
9.7 Latin America
9.7.1 Argentina
9.7.2 Brazil
9.7.3 Rest of Latin America
10. Company Profiles
10.1 A&D Medical Inc
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Beurer GmbH
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 ForaCare Suisse AG
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 iHealth Labs Inc.
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Montague Bike
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Kaz Inc.
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 Koninklijke Philips N.V.
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 Microlife AG
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
10.9 Omron Healthcare, Inc
10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary
10.9.4 Recent developments
10.10 Qardio, Inc.
10.10.1 Company details
10.10.2 Financial outlook
10.10.3 Product summary
10.10.4 Recent developments
`
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
