Global Home Blood Pressure Monitoring Devices Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Home Blood Pressure Monitoring Devices Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Upper Arm Monitors, Wrist Monitors, and Accessories), Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Other Distribution Channels), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Home Blood Pressure Monitoring Devices Market was valued at USD 1,410.2 million in 2023 and is expected to reach USD 3,180.3 million by 2031 while growing at a CAGR of 10.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global home blood pressure monitoring devices market growth. Home blood pressure monitoring (HBPM) serves as a self-monitoring tool recommended by major guidelines for patients with hypertension. It enhances blood pressure control, aids in diagnosing white-coat hypertension, and predicts cardiovascular risk. Additionally, HBPM is a more affordable and simpler alternative to 24-hour ambulatory blood pressure monitoring (ABPM).
The market is propelled by factors such as the prevalence of hypertension, the shift towards home healthcare, and recommendations by healthcare guidelines. However, hindrances like reliability and accuracy concerns, along with patient compliance and engagement issues, impede the market's growth.
Furthermore, the global home blood pressure monitoring devices industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Home Blood Pressure Monitoring Devices Market is segmented among Upper Arm Monitors, Wrist Monitors, and Accessories, based on Product. In 2023, Wrist Monitors accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Distribution Channel Analysis
The Global Home Blood Pressure Monitoring Devices Market is segmented among Hospital Pharmacies, Online Pharmacies, and Other Distribution Channels, based on Distribution Channel. In 2023, Hospital Pharmacies accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Home Blood Pressure Monitoring Devices Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are American Diagnostic Corporation, Halma plc, A&D Medical, Beurer GmbH, Omron Healthcare, Inc., Qardio, Inc., Spengler SAS, Rossmax International Ltd., Welch Allyn, Inc., and Koninklijke Philips N.V.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Home Blood Pressure Monitoring Devices Market Dynamics
Drivers
Restraints
Opportunity
4. Global Home Blood Pressure Monitoring Devices Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Home Blood Pressure Monitoring Devices Market Segmentation, By Product
Global Home Blood Pressure Monitoring Devices Market Share Analysis, By Product
Global Home Blood Pressure Monitoring Devices Market Growth Analysis, By Product
Global Home Blood Pressure Monitoring Devices Market Trends, By Product
o Upper Arm Monitors
o Wrist Monitors
o Accessories
6. Global Home Blood Pressure Monitoring Devices Market Segmentation, By Distribution Channel
Global Home Blood Pressure Monitoring Devices Market Share Analysis, By Distribution Channel
Global Home Blood Pressure Monitoring Devices Market Growth Analysis, By Distribution Channel
Global Home Blood Pressure Monitoring Devices Market Trends, By Distribution Channel
o Hospital Pharmacies
o Online Pharmacies
o Other Distribution Channels
7. Global Home Blood Pressure Monitoring Devices Market Segmentation, By Region
Global Home Blood Pressure Monitoring Devices Market Share Analysis, By Region
Global Home Blood Pressure Monitoring Devices Market Growth Analysis, By Region
Global Home Blood Pressure Monitoring Devices Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
American Diagnostic Corporation*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Halma plc
A&D Medical
Beurer GmbH
Omron Healthcare, Inc.
Qardio, Inc.
Spengler SAS
Rossmax International Ltd.
Welch Allyn, Inc.
Koninklijke Philips N.V.
*Similar analysis will be provided for each company listed above.