According to FutureWise analysis the market for Smart Blood Pressure Monitoring Devices in 2023 is US$ 1.23 billion, and is expected to reach US$ 2.89 billion by 2031 at a CAGR of 11.30%.
A sphygmomanometer, or blood pressure monitor, is used to measure blood pressure. It comprises of an inflated cuff wrapped around the arm, roughly aligned with the heart, and monitoring device that measures the pressure of the cuff. The monitor monitors both systolic and diastolic pressures. Blood pressure monitoring devices are used to determine whether or not a patient has hypertension. Blood pressure is a major risk factor for chronic heart disease and stroke, which are the world's leading causes of death. According to a report published by the World Health Organization (WHO) in 2019, hypertension affected 1.28 billion people worldwide, making it the leading cause of early death. The need for blood pressure monitors is quite high, owing to the growing aged population and the increased risk of lifestyle-related illnesses among large population due to rising obesity and sedentary lifestyle rates. Even before COVID-19, self-measured home blood pressure monitoring was essential, and it is even more crucial now to keep blood pressure under control. Blood pressure should be monitored twice daily for seven days, preferably in the morning and evening, with two measurements taken 1–2 minutes apart on each occasion, according to the American Heart Association and the American Society of Hypertension, as well as the European Society of Hypertension and the National Institute for Health and Care Excellence (NICE). The fluctuations in blood pressure is essential in the diagnosis of any chronic condition. Major players, such as SunTech Medical Inc. and Omron Healthcare Inc., have introduced a number of revolutionary blood pressure monitoring devices in recent years that can detect not only blood pressure but also temperature, heart rate anomalies, vital signs, and more. Government initiatives such as public blood pressure monitoring programmes to raise public awareness and maintain the database established by remotely operated BP monitors are projected to drive further growth during the forecast period.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Smart Blood Pressure Monitoring Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Smart Blood Pressure Monitoring Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.