Global Wrist Blood Pressure Monitors Market Size Predicted To Grow From $1462.53 Million to $3617.14 Million by 2030, at a CAGR of 12.24%

New York, NY, July 25, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Wrist Blood Pressure Monitors Market By Product Type (Portable And Compact), By End-User (Diagnostic Laboratories, Hospitals, Home Care, And Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030.” in its research database.

“According to the latest research study, the demand of global Wrist Blood Pressure Monitors Market size & share in terms of revenue was valued at USD 1462.53 million in 2022 and it is expected to surpass around USD 3617.14 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 12.24% during the forecast period 2023 to 2030.”

What are Wrist Blood Pressure Monitors? How big is the Wrist Blood Pressure Monitors Industry?

Report Overview:

The global wrist blood pressure monitors market was valued at $1462.53 million in 2022 and is likely to attain a value of $3617.14 million by the end of 2030. The market is likely to expand at a compound rate of 12.24% during the forecast period.

Portable blood pressure monitors that are worn on the wrist are a type of monitoring gadget that is used to determine an individual's blood pressure. The conventional monitors, which were cumbersome to use and required a cuff to be put around the user's arm, have been superseded by this straightforward and user-friendly replacement. On the other hand, these monitors take the form of cuffs that are worn around the wrist and are accompanied by a digital display panel that shows the results of the measurements. These monitors typically come with a variety of additional functions, such as memory storage for recording the reading, tracking of the user's heart rate, and sometimes connectivity sync options that allow them to connect with smartphones. It is a method that does not involve any intrusive procedures and may be used to monitor blood pressure either at home or when travelling. The fact that these handheld blood pressure monitors are lightweight, compact, and easy to carry around is the most significant benefit offered by these devices.

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Global Wrist Blood Pressure Monitors Market: Growth Factors

It is probable that the expansion of people's awareness regarding their own health will contribute to the growth of the global market.

The increasing consciousness that people have about the need of looking after their health is one of the primary forces that is driving the expansion of the market for wrist blood pressure monitors worldwide. People are becoming more vigilant about the prevention of diseases in today's society. People are able to constantly check their health metrics with smart gadgets, including blood pressure, diabetes, heart rate, and a wide variety of other health parameters. One of the most common instruments for performing remote blood pressure monitoring is the blood pressure monitor worn on the wrist. According to research conducted by the Centres for Disease Control and Prevention (CDC), hypertension affects around 116 million individuals in the United States, which represents approximately 47% of the total population.

As a result, the presence of such a landscape during the time that is anticipated is likely to contribute favourably to the expansion of the global market. During the period covered by the forecast, the technological improvements are quite likely to continue to lend support to the growth trajectory of the worldwide wrist blood pressure monitor industry. The incorporation of smartphone applications and artificial intelligence has resulted in a rise in the power of these devices, which has led to an increase in their accessibility and popularity. As a result of these developments, the device's operating mechanism has become more sophisticated, which has contributed to an increase in both its reliability and its precision. These devices are very popular because of the many advantages that come along with them, such as the fact that they are wireless and can record the reading history of the patients.

It is anticipated that technological advances would present attractive expansion prospects in markets all over the world.

These wrist blood pressure monitoring gadgets are becoming increasingly user-friendly, convenient, and accurate thanks to the work of innovative companies who are developing new monitors. The continuous technological improvements are projected to offer significant growth of prospects in the wrist blood pressure monitors business across the globe over the timeframe that has been forecasted. It is anticipated that developments in sensor technology will lead to improvements in the accuracy of these monitors, which will, in turn, lead to an increase in their dependability. Additionally, firms are beginning to include Bluetooth connectivity features with contemporary monitors, making it possible for users to sync with their mobile devices. It assists in the processing of the readings, storage of the data, and the transport of the data to the smart devices.

In addition, certain products include detection functions for irregular heartbeats, which can notify users to the possibility of cardiac problems. This contributes to an expansion of the scope of the global market throughout the course of the projection period. Display screens that are user-friendly have also been developed by manufacturers, which has made it possible for people of all ages to easily utilise these monitors. These screens have features such as simple navigation, large letters, and clear display. The most recent monitors come with choices for cloud storage as well as built-in memory, giving users a good storage capacity for keeping their readings. This can further assist in the generation of patterns that can be discussed with medical experts during appointments. As a result, the scope of the global market is anticipated to expand as a result of such a scenario. For example, a Chinese business called Huawei Technologies Co., Ltd. has recently released a smartwatch that is able to monitor the wearer's blood pressure. The widespread appeal of wristwatches like these has led to a considerable increase in sales inside the Chinese market.

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Report Scope

Wrist Blood Pressure Monitors Market: Segmentation Analysis

The market for wrist blood pressure monitors can be divided into submarkets based on product type, end-user, and geographic location.

On the basis of the different types of products available on the market, it is possible to divide the market into portable and compact. The portable category holds the highest proportion of the overall market since its products are convenient for the customer to transport in their own hands. It provides the user with flexibility and convenience by allowing them to monitor their blood pressure remotely at any hour of the day or night. Additionally, in contrast to the traditionally large gadgets, these newer ones are much smaller and lighter, making it much simpler to transport them in travel bags, pockets, and purses. In addition to this, it provides mobile monitoring capabilities, which is another factor that is anticipated to contribute to the acceleration of the market segment's growth throughout the course of the projection year. On the other hand, the compact sector is also projected to develop significantly during the period covered by the prediction due to the advantages and modern features that it offers.

The market is able to be broken down into sub-markets such as diagnostic laboratories, hospitals, home care, and others on the basis of the end-user. Because of the widespread adoption of these wrist blood pressure monitors in the home care setting, it is anticipated that this subsegment of the market would lead the pack throughout the time covered by the forecast. People are drawn to it due to its user-friendly design and the fact that it is simple to operate; as a result, it has become a favoured choice in homecare settings. On the other hand, hospitals and diagnostic laboratory centres are projected to develop at the same rate in the worldwide wrist blood pressure monitors business. This is predicted to occur as a result of the growing trend of adding technologically advanced gadgets in medical clinics. The use of such sophisticated technology cuts down on the amount of time needed to diagnose patients, which enables medical practitioners to more effectively manage vast patient populations.

The global Wrist Blood Pressure Monitors market is segmented as follows:

By Product Type

• Portable
• Compact

By End-User

• Diagnostic Laboratories
• Hospitals
• Home Care
• Others

Browse the full “Wrist Blood Pressure Monitors Market By Product Type (Portable And Compact), By End-User (Diagnostic Laboratories, Hospitals, Home Care, And Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030" Report at https://www.zionmarketresearch.com/report/wrist-blood-pressure-monitors-market-size

Competitive Landscape

Some of the main competitors dominating the global Wrist Blood Pressure Monitors market include - 

• Proton Healthcare
• Omron
• HoMedics
• Omron Healthcare Welch Allyn Inc.
• SunTech Medical Inc.
• A&D Medical Inc.
• Withings
• American Diagnostics Corp.
• GE Healthcare
• Briggs Healthcare
• Microlife AG
• Kaz Inc.
• GF Health Products Inc.
• Rossmax International Ltd.
• Philips Healthcare
• Spacelabs Healthcare Inc.
• Braun Healthcare
• Hill-Rom Services Inc.
• Biobeat
• Contec
• Others

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Wrist Blood Pressure Monitors market is likely to expand at a CAGR of around 12.24% during the forecast period (2023-2030).         
• In terms of revenue, the Wrist Blood Pressure Monitors market size was valued at around US$ 1462.53 million in 2022 and is projected to reach US$ 3617.14 million by 2030.
• The growing awareness among people regarding their health is likely to drive the growth of the global wrist blood pressure monitor market.
• Based on the product type, the portable segment accounts for the largest share of the global market.
• Based on the end user, the home care segment is expected to lead the market.
• Based on region, North America is expected to dominate the market during the forecast period

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Key questions answered in this report:

• What is the market size and growth rate forecast for Wrist Blood Pressure Monitors industry?
• What are the main driving factors propelling the Wrist Blood Pressure Monitors Market forward?
• What are the leading companies in the Wrist Blood Pressure Monitors Industry?
• What segments does the Wrist Blood Pressure Monitors Market cover?
• How can I receive a free copy of the Wrist Blood Pressure Monitors Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Product Type, By End-User, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North America to maintain its dominant position during the forecast period

North America accounts for the largest share of the global wrist blood pressure monitors market due to the significant rise in the number of hypertension, irregular heartbeats, and cardiovascular and blood pressure cases in the region. The high rate of such health issues among the people in the region is due to the sedentary lifestyle of the people. Therefore, people need wearable monitors that can constantly measure their health metrics and help them track their health issues. People in the region are looking forward to preventive healthcare, therefore adopting proactive actions to keep track of their health and manage their chronic health conditions effectively. Also, the people in the region are fast adopters of modern technology and devices, thereby widening the scope of these wrist blood pressure monitors in the region.

Asia Pacific is another leading region in the global wrist blood pressure monitors market due to the fast aging population in the region. Also, people are widely adopting convenient and technologically advanced devices to monitor their health in homecare settings. Also, it helps in saving time and money, thereby making it an affordable option for the people in the region. The growing trend of online shopping is further likely to boost the sales of these monitors in the region. The growing e-commerce platform is likely to benefit the regional market exponentially during the predicted period.

Europe is also likely to grow steadily during the forthcoming years due to the presence of strong market players in the region. Furthermore, the growing technological advancements and fast-developing healthcare sector is further likely to offer lucrative growth opportunities in the global market.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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