smart upper arm blood pressure monitor market REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global smart upper arm blood pressure monitor market size was 736 million in 2022 and is expected to reach USD 1041.5 million by 2029, at CAGR of 5.3% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with smart upper arm blood pressure monitor experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
A smart upper arm blood pressure monitor is a technologically advanced medical device used to measure blood pressure. It typically consists of an inflatable cuff that is wrapped around the upper arm, a display unit that shows the readings, and often includes smart features such as connectivity to mobile devices, data storage, and analysis capabilities. Smart blood pressure monitors often come with companion mobile apps that allow users to track their blood pressure trends, set reminders for measurements, and share data with healthcare providers.
Many modern smart blood pressure monitors come equipped with wireless connectivity options such as Bluetooth or Wi-Fi. This connectivity allows the device to seamlessly sync with smartphones, tablets, or other compatible devices. The ability to transmit data wirelessly enables users to store their blood pressure readings digitally and track their health data over time. This information can be shared with healthcare providers or family members, facilitating a collaborative approach to managing cardiovascular health. Some models support multiple user profiles, allowing different individuals to track their blood pressure separately on the same device. This feature is particularly useful for households with multiple individuals monitoring their blood pressure.
COVID-19 IMPACT: Increased Demand for Remote Monitoring to Boost Demand Significantly
COVID-19 had a life changing impact globally. The smart upper arm blood pressure monitor market growth was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for smart upper arm blood pressure monitor share experienced an increased demand.
The global supply chain disruptions caused by the pandemic led to challenges in manufacturing and distribution for various medical devices, including smart upper arm blood pressure monitors. Delays in production, transportation restrictions, and shortages of raw materials affected the availability of these devices in the market, leading to potential challenges in meeting the increased demand.
With the need for social distancing and the avoidance of unnecessary hospital visits, the demand for remote monitoring devices, including smart upper arm blood pressure monitors, surged during the pandemic. Patients, especially those with preexisting conditions such as hypertension, sought ways to manage their health from the safety of their homes. As a result, the market for these devices experienced a notable increase in demand. The pandemic prompted a shift in consumer behavior towards a greater focus on personal health and wellness. People became more conscious of their overall well-being and the importance of monitoring vital health parameters, such as blood pressure, to maintain a healthy lifestyle. This shift in consumer behavior contributed to a sustained demand for smart healthcare devices, including smart upper arm blood pressure monitors, even beyond the peak of the pandemic. The market is anticipated to boost the smart upper arm blood pressure monitor market growth following the pandemic.
LATEST TRENDS
"User-Friendly Design and Enhanced Connectivity to Broaden Market Growth"
Manufacturers were anticipated to focus on designing user-friendly interfaces and enhancing connectivity features to improve the overall user experience. This trend involved creating intuitive mobile applications, improving device compatibility with various operating systems, and ensuring seamless data synchronization between the monitor and other smart devices.
There was a growing trend toward integrating artificial intelligence (AI) and machine learning algorithms into smart blood pressure monitors. This integration enables the devices to provide more personalized insights and predictive analytics based on the user's historical data and health trends. These latest developments are anticipated to boost the smart upper arm blood pressure monitor share.
smart upper arm blood pressure monitor market SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type
Based on type, the market is divided into Portable Blood Pressure Monitor and Fixed Blood Pressure Monitor.
- By Application
Based on application, the market is bifurcated into Home, Hospital, Clinics and Pharmacy.
DRIVING FACTORS
"Prevalence of Hypertension & Cardiovascular Diseases to Boost Market Share"
The increasing prevalence of hypertension and cardiovascular diseases worldwide remains a major driving factor for the smart upper arm blood pressure monitor market. As awareness about the importance of monitoring blood pressure levels grows, individuals are seeking convenient and efficient ways to track and manage their cardiovascular health. There is an increasing focus on preventive healthcare measures and early disease detection. Smart upper arm blood pressure monitors play a crucial role in promoting proactive health management by enabling users to regularly monitor their blood pressure levels and take necessary precautions to prevent the onset or progression of cardiovascular diseases.
"Increasing Adoption of Telehealth Services to Boost Market Share "
The widespread adoption of telehealth services and remote patient monitoring solutions has propelled the demand for smart upper arm blood pressure monitors. These devices enable healthcare providers to remotely monitor patients' blood pressure levels, offer timely interventions, and provide personalized care, thereby improving patient outcomes and reducing healthcare costs. With the global population aging, there is a growing need for effective home healthcare monitoring solutions, especially among the elderly. Smart upper arm blood pressure monitors offer a convenient means for older adults to manage their blood pressure levels without the need for frequent visits to healthcare facilities. These factors are anticipated to drive the smart upper arm blood pressure monitor market growth.
RESTRAINING FACTORS
"Lack of Awareness and Education to Hamper Market Share"
Limited awareness and inadequate education about the benefits of regular blood pressure monitoring and the use of smart healthcare devices could hinder market growth. In some regions, a lack of understanding about the importance of preventive healthcare and the role of these devices in managing cardiovascular health may lead to lower demand and adoption rates.
Stringent regulatory requirements and compliance standards in the healthcare industry may present challenges for manufacturers and suppliers of smart upper arm blood pressure monitors. Meeting regulatory guidelines, obtaining necessary certifications, and ensuring adherence to quality standards can increase the time and costs associated with bringing these devices to market. The factors are anticipated to hinder the growth of the smart upper arm blood pressure monitor market growth.
smart upper arm blood pressure monitor market REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America Dominates the Smart Upper Arm Blood Pressure Monitor Market "
North America, particularly the United States, has been at the forefront of technological advancements in the healthcare industry. The region has seen rapid adoption of digital health solutions, including smart healthcare devices, owing to the presence of advanced healthcare infrastructure, a strong focus on research and development, and a high level of technological literacy among the population. There has been a growing emphasis on preventive healthcare measures in North America, with an increased focus on early disease detection and management. Smart upper arm blood pressure monitors play a crucial role in enabling individuals to actively monitor their blood pressure levels and take necessary measures to prevent the onset or progression of cardiovascular diseases, aligning with the region's preventive healthcare initiatives.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Beurer [Germany]
- OMRON Healthcare [Japan]
- Withings [France]
- iHealth [U.S.]
- Panasonic [Japan]
- Philips [Netherlands]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 736 Million in 2022 |
Market Size Value By |
US$ 1041.5 Million by 2029 |
Growth Rate |
CAGR of 5.3% from 2022 to 2029 |
Forecast Period |
2022-2029 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the smart upper arm blood pressure monitor market expected to touch by 2029?
The global smart upper arm blood pressure monitor market share is expected to reach USD 1041.5 million by 2029.
-
What CAGR is the smart upper arm blood pressure monitor market expected to exhibit by 2029?
The smart upper arm blood pressure monitor market is expected to exhibit a CAGR of 5.3% by 2029.
-
Which are the driving factors of the smart upper arm blood pressure monitor market?
Prevalence of Hypertension & Cardiovascular Diseases and Increasing Adoption of Telehealth Services are drivers of this smart upper arm blood pressure monitor market.
-
Which are the top companies operating in the smart upper arm blood pressure monitor market?
Beurer, OMRON Healthcare, Withings, iHealth, Panasonic and Philips are key companies operating in the smart upper arm blood pressure monitor market.