Ambulatory blood pressure monitors help in continuous blood pressure monitoring by using a small wearable device. The device provides accurate measurements by taking regular readings throughout the day, including during sleep. It helps in detecting white-coat hypertension and masked hypertension more effectively compared to conventional sphygmomanometers.
Ambulatory Blood Pressure Monitors Market Growth are small portable devices that can be worn around the waist. It helps in measuring blood pressure at regular intervals throughout the day and night. This provides a more accurate assessment of an individual’s blood pressure over a longer duration. The devices are increasingly being used for diagnosis and management of hypertension. The growing geriatric population is more prone to hypertension and related conditions. With an increasing aging population worldwide, the demand for ambulatory blood pressure monitors is expected to grow substantially over the forecast period.
The Global Ambulatory Blood Pressure Monitors Market is estimated to be valued at US$ 1,663.6 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the ambulatory blood pressure monitors are OSI Systems Inc., SunTech Medical Inc., and Andon Health.
There is a growing demand for ambulatory blood pressure monitors due to the increasing prevalence of hypertension globally. The rising obese and geriatric population is leading to high blood pressure levels.
Technological advancements are being made to develop ambulatory blood pressure monitors with enhanced features. Newer devices have built-in mobile applications and wireless data transmission capabilities for better analysis and monitoring.
Market Trends
Wireless ambulatory blood pressure monitors are gaining popularity as they allow convenient transmission of readings to mobile applications or external storage devices. This facilitates easy sharing of reports with physicians.
Smart ambulatory blood pressure monitors integrated with advanced algorithms and artificial intelligence are being developed. They can detect abnormal readings, calculate risks, and provide customized insights and recommendations.
Market Opportunities
The availability of reimbursement and favorable regulatory guidelines in developed regions is encouraging the adoption of ambulatory blood pressure monitors. This is expected to boost market growth.
There is an opportunity to penetrate into untapped emerging markets in Asia Pacific and Latin America. Growing medical infrastructure and increasing healthcare expenditures will support market expansion.
Impact of COVID-19 on Ambulatory Blood Pressure Monitors market growth
The COVID-19 pandemic has negatively impacted the growth of the global ambulatory blood pressure monitors market. During the initial outbreak, production facilities and supply chains were disrupted due to lockdowns implemented across key regions like North America, Europe, Asia Pacific. This led to shortage of components and raw materials for manufacturing ambulatory blood pressure monitors. Further, hospitals shifted focus towards treatment of COVID-19 patients which resulted in postponing of non-urgent medical procedures like ambulatory blood pressure monitoring. However, with easing of lockdowns and rollout of vaccination programs, production and supply chains have regained momentum. Going forward, telemonitoring of patients through remote patient monitoring devices and home healthcare is expected to drive market growth in post-COVID era. Manufacturers are also focusing on developing integrated monitoring solutions for parameters like blood pressure, pulse oximetry, ECG etc. to cater to rising healthcare needs.
Geographical regions with highest value concentration in Ambulatory Blood Pressure Monitors market
North America dominates the global ambulatory blood pressure monitors market in terms of value owing to factors such as high prevalence of hypertension, growing elderly population, favourable reimbursement policies, and presence of major market players. Within the region, United States represents the largest market due to presence of sophisticated healthcare infrastructure and patient awareness regarding availability of home monitoring devices. Europe is another lucrative region for ambulatory blood pressure monitors market supported by initiatives towards adoption of mHealth technologies and focus on lifestyle disease management. Asia Pacific is projected to be the fastest growing region during the forecast period driven by improving healthcare infrastructure, increasing medical tourism, rising disposable incomes in countries like China and India.
Fastest growing region for Ambulatory Blood Pressure Monitors market
Asia Pacific region is poised to offer maximum growth opportunities for ambulatory blood pressure monitors market between 2024-2031. Factors such as increasing prevalence of chronic diseases due to changes in lifestyle and diet, rising healthcare spending, rapid urbanization, growing medical tourism industry are driving demand for ambulatory blood pressure monitors in Asia Pacific countries. Further, favourable government initiatives towards digitization of healthcare along with support for home healthcare adoption will propel market revenues. Key Asia Pacific markets include China, India, Japan, Australia and South Korea characterized by presence of young population increasingly prone to lifestyle diseases. Overall, Asia Pacific ambulatory blood pressure monitors market is anticipated to witness a CAGR of over 10% till 2031.
Get more insights on, Ambulatory Blood Pressure Monitors Market
Get This Report in English Language: Ambulatory Blood Pressure Monitors Market
Get This Report in Japanese Language: 外来血圧モニター市場
Get This Report in Korean Language: 외래 혈압 모니터 시장
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)