Wilmington, Delaware, United States, July 27, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc.: Ongoing trends of the home blood pressure monitoring devices market underscore the increasing cost-effectiveness and reliability of the technologies for diagnosis and management of hypertension. The past few decades have witnessed rise in adoption of the technology on the back of prevalence of hypertensions. The size of the home blood pressure monitoring devices market was pegged at US$ 1.1 Bn in value in 2019.
Use of blood pressure monitoring devices at homes has shown promising outcomes in reducing the cardiovascular disease (CVD) and stroke-related morbidity and mortality in the target population. New, non-invasive technology, in particular wearable, has led to better care for patients with hypertension. The study opines that companies in the home blood pressure monitoring devices market are setting their sights on the vast untapped avenue in low- and middle-income countries where various WHO statistics reveal high prevalence of hypertension.
Home blood pressure monitoring devices market development is continuously enriched by the introduction of non-invasive monitoring technologies that are also accurate and reliable in the control of nocturnal BP. Stridently, digital technologies are gaining adoption among patients for managing antihypertensive therapy, as recent developments in the home blood pressure monitoring devices market have revealed.
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Key Findings of Home Blood Pressure Monitoring Devices Market Study
- Uptake of Cost-effective and Convenient Devices for Home BP Monitoring Propelling Revenue Streams: Home BP monitoring devices have been widely commercialized as they prove cost-effective, minimally invasive, and reliable tool for management of hypertension. The patient population has become increasingly aware of the devices especially convenient and useful for screening for white-coat effect and masked hypertension. Hypertension has been found to increase the risk of cardiovascular diseases and strokes.
- Wearable Improve Care for Patients with Hypertension: New approaches for the digital management of hypertension is stoking the prospects of wearable devices. Of note, the trend has reinforced the acceptance of wrist-type BP monitors in the patient population. Top players are geared toward enhancing the accuracy of wearable devices to capture revenues in the home blood pressure monitoring devices market. In particular, globally prominent medtech companies are improving the reliability of at-home wrist monitors, mainly by focusing on the accuracy. Wearables are expected to improve hypertension control and patient engagement in adults.
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Home Blood Pressure Monitoring Devices Market: Key Drivers
- Hypertension poses a considerable burden worldwide, in particular due to it being a preventable risk factor for cardiovascular (CV) disease, is a key driver of growth of the home blood pressure monitoring devices market. Home blood pressure (BP) monitoring devices have evolved as a relatively cost-effective tool for non-invasive BP measurement.
- Awareness about the benefits of digital technologies in antihypertension among the target population will reinforce prospects of commercialization of newer home blood pressure monitoring devices.
Home Blood Pressure Monitoring Devices Market: Regional Growth Dynamics
- North America accounted for largest market share in value in 2019. Substantial demand for wrist monitors is one the key factors that will fuel the revenue growth for players in the North America home blood pressure monitoring devices market. However, the study authors concur that pricing pressures to global players from regional manufacturers might affect the profitability of the former.
- Asia Pacific is a remarkably lucrative market. Presence of a vast target consumer base as well as growing awareness about the benefits of the products will invigorate the revenue streams. Furthermore, several companies are expected to capture revenues by shifting their production bases in the region.
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Home Blood Pressure Monitoring Devices Market: Key Players
Some of the key players in the home blood pressure monitoring devices market are American Diagnostic Corporation, Spengler SAS, Qardio, Inc., Beurer GmbH, Koninklijke Philips N.V., Rossmax International Ltd., SunTech Medical, Inc., Welch Allyn, Inc., and Omron Healthcare, Inc.
Home Blood Pressure Monitoring Devices Market Segmentation
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