Smart Blood Pressure Monitoring Devices Market Growth, Trends, Size, Share, Scope and Future Trends
Smart Blood Pressure Monitoring Devices Market Size- By Product, By Size, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2023 | Report ID: HLCA2330 | Pages: 1 - 236 | Formats*: |
| Category : Healthcare | |||
Smart Blood Pressure Monitoring Devices Market Introduction and 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%.
The report includes an in-depth analysis of the global Smart Blood Pressure Monitoring Devices market, including market size and trends, Procedure mix, distribution channels, and supplier analysis. Smart blood pressure monitoring devices enable consumers to track their blood pressure readings in real time. These devices are typically made up of an upper arm cuff coupled to a digital monitor that shows the readings. Smart blood pressure monitors can be connected to a smartphone or tablet using Bluetooth or Wi-Fi technology, and readings can be kept and tracked over time using a companion app. Some gadgets can also interact with other health-tracking devices, like as fitness trackers or smart watches, to provide a more complete picture of an individual's health.
- Omron Healthcare launched its first remote patient monitoring service at CES 2021 in January 2021, along with new digital health technologies to improve patient-to-physician communication and enable more active management of hypertension.
- In Body Pvt. Ltd. has announced the release of the BP 170, an automatic blood pressure monitor. Individuals can use these devices to self-record and track major health parameters without visiting their doctor.
Market Opportunities and Challenges
The blood pressure monitor market offers considerable prospects in the healthcare industry, owing to a number of major aspects. For starters, the increased frequency of hypertension and other cardiovascular disorders worldwide is a primary motivator. The demand for precise and convenient blood pressure monitoring devices is increasing as the world population ages and lifestyles become more sedentary. Furthermore, increased awareness of the necessity of regular blood pressure monitoring for preventive healthcare is driving individuals to invest in home blood pressure monitors, which is adding to market growth.
This sector's market participants are confronting a number of obstacles. Some of the major obstacles in this market are high costs, limited awareness and adoption, accuracy concerns, regulatory challenges, data privacy and security concerns. These devices are more expensive than typical blood pressure monitoring devices, which may limit their usage, particularly in developing nations with limited healthcare budgets. Despite these devices' potential benefits, there is currently a lack of awareness and limited acceptance among patients, physicians, and healthcare providers. Some studies have also raised concerns regarding the accuracy of these devices, particularly for those with certain health conditions or in specific scenarios, like as when exercising.
Market Competitive Landscape
The global Smart Blood Pressure Monitoring Devices is characterized by high competition, with multiple players operating in the industry. The key players in the global Smart Blood Pressure Monitoring Devices market include 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.
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 | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| 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. |
COVID-19 Impact on Global Smart Blood Pressure Monitoring Devices Market
As patients prefer to monitor their blood pressure from home, the COVID-19 epidemic has increased demand for smart blood pressure monitoring devices. However, disruptions in the global supply chain have resulted in shortages and production and delivery delays. Manufacturer rivalry has also increased, resulting in new companies joining the market and older players extending their offers. Furthermore, regulatory changes have introduced additional challenges for producers to overcome.
Key Target Audience
- Healthcare providers
- Hospitals
- Clinics
- Pharmacies
- Patients
Our in-depth analysis of the Smart Blood Pressure Monitoring Devices Market includes the following segments:
| By Type: |
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| By Technology: |
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Key Topics Covered in the Report
- Global Smart Blood Pressure Monitoring Devices Market Size (FY’2023-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
- Expansion Analysis of Global Smart Blood Pressure Monitoring Devices Market
- Problems and Obstacles 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 Current Investment in Global Smart Blood Pressure Monitoring Devices Market
- Competitive Analysis of Global Smart Blood Pressure Monitoring Devices Market
- Vital 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’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Smart Blood Pressure Monitoring Devices Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Smart Blood Pressure Monitoring Devices Manufacturing Base Distribution, Sales Area, Product Type6.2 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 Monitor7.2 Wrist Blood Pressure Monitor7.3 Finger Blood Pressure Monitor
8. Global Smart Blood Pressure Monitoring Devices Market, By Technology, 2022-2033 (USD Million)
8.1 Wi-Fi Based/4G8.2 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-Pacific9.3.1 Australia9.3.2 China9.3.3 India9.3.4 Japan9.3.5 South Korea9.3.6 Rest of Asia-Pacific9.4 Europe9.4.1 France9.4.2 Germany9.4.3 Italy9.4.4 Spain9.4.5 United Kingdom9.4.6 Rest of Europe9.5 Middle East and Africa9.5.1 Kingdom of Saudi Arabia9.5.2 United Arab Emirates9.5.3 Rest of Middle East & Africa9.6 North America9.6.1 Canada9.6.2 Mexico9.6.3 United States9.7 Latin America9.7.1 Argentina9.7.2 Brazil9.7.3 Rest of Latin America
10. Company Profiles
10.1 A&D Medical Inc10.1.1 Company details10.1.2 Financial outlook10.1.3 Product summary10.1.4 Recent developments10.2 Beurer GmbH10.2.1 Company details10.2.2 Financial outlook10.2.3 Product summary10.2.4 Recent developments10.3 ForaCare Suisse AG10.3.1 Company details10.3.2 Financial outlook10.3.3 Product summary10.3.4 Recent developments10.4 iHealth Labs Inc.10.4.1 Company details10.4.2 Financial outlook10.4.3 Product summary10.4.4 Recent developments10.5 Montague Bike10.5.1 Company details10.5.2 Financial outlook10.5.3 Product summary10.5.4 Recent developments10.6 Kaz Inc.10.6.1 Company details10.6.2 Financial outlook10.6.3 Product summary10.6.4 Recent developments10.7 Koninklijke Philips N.V.10.7.1 Company details10.7.2 Financial outlook10.7.3 Product summary10.7.4 Recent developments10.8 Microlife AG10.8.1 Company details10.8.2 Financial outlook10.8.3 Product summary10.8.4 Recent developments10.9 Omron Healthcare, Inc10.9.1 Company details10.9.2 Financial outlook10.9.3 Product summary10.9.4 Recent developments10.10 Qardio, Inc.10.10.1 Company details10.10.2 Financial outlook10.10.3 Product summary10.10.4 Recent developments
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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.
Frequently Asked Questions About This Report
Smart Blood Pressure Monitoring Devices Market is projected to reach USD 3.63 billion by 2033, growing at a CAGR of 11.35% during the forecast period.
Smart Blood Pressure Monitoring Devices Market grew in market size from 2022. The Market is expected to reach USD 3.63 billion by 2033, at a CAGR of 11.35% during the forecast period.
Smart Blood Pressure Monitoring Devices Market CAGR of 11.35% during the forecast period.
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Smart Blood Pressure Monitoring Devices Market size is USD 3.63 billion from 2023 to 2033.
Smart Blood Pressure Monitoring Devices Market Segment is Covered By Product Category, By Type, By Sales Channel, By Religion Type, By Age Group
The North America region is anticipated to have the highest market share in Smart Blood Pressure Monitoring Devices Market.
The key players in the market include 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.
Smart blood pressure monitoring devices are devices that allow people to monitor their blood pressure readings in real time.
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