The new report by Expert Market Research titled, ‘Global Digital Blood Pressure Monitor Market Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global digital blood pressure monitor market, assessing the market based on its segments like device types, distribution channels, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): About USD 975.56 Million
- Forecast CAGR (2023-2028): 23%
- Forecast Market Size (2027): Nearly USD 1750.06 Million
The market for digital blood pressure monitor is being driven by the growing prevalence of hypertension. The ease of use and convenience offered by digital blood pressure monitors make them ideal for frequent blood pressure measurement, hence aiding the industry growth. As digital blood pressure monitors are portable, they are increasingly preferred for self-usage, which is significantly contributing to the market growth. With the growing cost-effectiveness of digital blood pressure monitors, their demand is surging, thereby invigorating the industry growth. Furthermore, the growing popularity of e-commerce platforms like Amazon and Walmart, among others, are leading to the expansion of distribution channels of digital blood pressure monitors, thus fuelling the industry growth.
Industry Definition and Major Segments
A digital blood pressure monitor is a device that enables automatic measurement of blood pressure. It is used by patients suffering from hyperthermia and high blood pressure to track their blood pressure remotely. A digital blood pressure boosts the accuracy and ease of usage of monitoring blood pressure, due to which its demand is surging significantly.
The market, based on device type, is divided into:
- Wrist Monitors
- Upper Arm Digital Monitors
The major distribution channels of digital blood pressure monitor are:
- Hospital Pharmacies
- Retail Stores
By end use, the market is classified into:
- Hospitals and Clinics
- Ambulatory Surgical Centres
- Diagnostic Centres
The regional markets of digital blood pressure monitor are:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The growth of the digital blood pressure monitor industry is being propelled by the rising demand for wrist monitors. With the enhanced accuracy and precise measurement provided by digital blood pressure monitors, they are increasingly used in home diagnosis and management of hyperthermia, which is catalysing the industry growth. Moreover, various leading companies are initiating research activities to develop aesthetic wrist monitors to boost their use, which is estimated to augment the market for digital blood pressure monitors. The integration of the latest technologies in digital blood pressure monitors to facilitate continuous monitoring of blood pressure is anticipated to aid the industry growth in the forecast period.
Key Market Players
The major players in the market are Omron Healthcare, Inc., General Electric Company, Welch Allyn, Inc., Rossmax International Ltd., and A&D Company, Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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