Wearable Blood Pressure Monitor Market by Measurement, Use, Component, Indication, Distribution Channel, Application

Description

List of Tables

[180 Pages Report] The Wearable Blood Pressure Monitor Market size was estimated at USD 2.47 billion in 2023 and expected to reach USD 2.87 billion in 2024, at a CAGR 16.19% to reach USD 7.07 billion by 2030.

A wearable blood pressure monitor is a technologically advanced medical device designed for the continuous or periodic monitoring of blood pressure (BP) without requiring direct supervision by healthcare professionals. Unlike traditional BP monitoring devices, these wearable gadgets provide mobility convenience, enabling users to measure their blood pressure throughout the day during various activities, thus facilitating better hypertension management and cardiovascular health monitoring. The growth of the wearable blood pressure monitor market is propelled by the necessity of effective monitoring solutions for the rising prevalence of hypertension and cardiovascular diseases globally. Additionally, the increased awareness and preference for preventive healthcare measures among the general population further boost the adoption of these devices. Despite promising growth prospects, regulatory hurdles and the need for clinical validations pose challenges for manufacturers. The high cost of advanced models may also limit adoption among cost-sensitive consumers. However, the ongoing demand for home healthcare and remote patient monitoring systems opens vast avenues for growth. Furthermore, technological advancements in wearable technology, such as enhanced sensor accuracy and the integration with smart devices for real-time data analysis and feedback, present considerable opportunities for market penetration.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.47 billion
Estimated Year [2024]	USD 2.87 billion
Forecast Year [2030]	USD 7.07 billion
CAGR (%)	16.19%

Measurement: Higher preferences for oscillometric method offering a balance between accuracy and ease of use

Arterial tonometry is a sophisticated method for measuring blood pressure that involves applying sensors directly over arterial sites, such as the radial artery, to capture the pressure waveforms. This technique provides high-fidelity readings of the actual arterial pressure waves, offering insights not only into systolic and diastolic pressures but also into arterial stiffness, an indicator of cardiovascular health. The oscillometric method is the most commonly utilized technique in wearable blood pressure monitors, renowned for its practicality and ease of use. This method measures the oscillations in the arterial wall induced by the pulsatile blood flow to calculate blood pressure. While the device inflates a cuff to occlude the artery, it then slowly releases pressure, detecting the magnitude of oscillations to determine systolic and diastolic pressures. The pulse transit time (PTT) method represents a non-invasive approach to estimating blood pressure by measuring the time taken for a pulse wave to travel between two arterial sites. This technique infers blood pressure levels by analyzing changes in the velocity of the pulse wave, which are influenced by arterial stiffness and blood pressure.

Application: Emerging potential of wearable blood pressure monitors in remote patient monitoring

In-home healthcare and wearable blood pressure monitors present a notable advantage, enabling patients to manage their health proactively and with greater autonomy. This technology allows continuous and accurate monitoring without frequent hospital visits, significantly enhancing patient convenience and potentially reducing healthcare costs. Moreover, it supports early detection of potential health issues, facilitating timely medical intervention. Wearable blood pressure monitors have revolutionized remote patient monitoring by providing healthcare professionals with real-time access to patient's health data, regardless of location. This innovation optimizes the quality of care and maximizes healthcare resources by reducing the need for in-person appointments. It further benefits patients with mobility issues or those residing in remote areas, ensuring they receive consistent and efficient healthcare management. Within the sports and fitness domain, wearable blood pressure monitors are essential for athletes and fitness enthusiasts aiming to optimize their performance and health. These devices help monitor cardiovascular responses to various physical activities, enabling users to adjust their workouts based on precise health metrics.

Regional Insights

In the Americas, wearable blood pressure monitors are being adopted rapidly owing to the high prevalence of cardiovascular diseases and the substantial adoption of advanced healthcare technologies. Additionally, local regulations and initiatives promoting preventive healthcare are further fostering the adoption of this technology. The Europe region, which is attributed to well-established healthcare systems and high awareness levels regarding hypertension management, shows a significant adoption of wearable blood pressure monitors. Middle Eastern countries are witnessing a surge in demand for wearable blood pressure monitors owing to lifestyle changes and increased healthcare investments, whereas Africa's market is showing potential growth opportunities, propelled by rising healthcare standards and a growing elderly population. APAC region is emerging as the fastest-growing market for wearable blood pressure monitors globally. Countries including China, Japan, and South Korea are at the forefront, benefiting from technological advancements, increasing disposable incomes, and governmental support for healthcare infrastructure development. Additionally, the region's large population base and growing awareness regarding hypertension management are significantly contributing to market expansion.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Wearable Blood Pressure Monitor Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Wearable Blood Pressure Monitor Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Wearable Blood Pressure Monitor Market, highlighting leading vendors and their innovative profiles. These include Aktiia SA, Apple Inc., Asia Connection Co., Ltd., Beurer GmbH, Charmcare Co., Ltd., ChroniSense Medical, Ltd., Cofoe Medical Technology Co., Ltd., ForaCare Suisse AG, Garmin Ltd., General Electric Company, Google LLC by Alphabet Inc., Guangdong Transtek Medical Electronics Co., Ltd., Huawei Technologies Co., Ltd., ICU Medical, Inc., iHealth Labs Inc., Koninklijke Philips N.V., Koogeek Inc., LAICA S.p.A., Medline Industries, LP, Nokia Corporation, OMRON Corporation, Pyle Audio, Qardio, Inc., Saif Care, Samsung Electronics Co., Ltd., Sara Healthcare Pvt. Ltd., and Xiaomi Corporation.

Market Segmentation & Coverage

This research report categorizes the Wearable Blood Pressure Monitor Market to forecast the revenues and analyze trends in each of the following sub-markets:

Measurement
- Arterial Tonometry
- Oscillometric Method
- Pulse Transit Time Method

Use
- Arm
- Wrist

Component
- Battery
- Bluetooth IC
- Display
- Memory
- Processor
- Sensor

Indication
- Hypertension
- Hypotension
- Irregular Heart Beat

Distribution Channel
- Offline Mode
  - Hypermarkets
  - Pharmacies

Online Mode

Application
- Home Healthcare
- Remote Patient Monitoring
- Sports & Fitness

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Wearable Blood Pressure Monitor Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Wearable Blood Pressure Monitor Market?

3. What are the technology trends and regulatory frameworks in the Wearable Blood Pressure Monitor Market?

4. What is the market share of the leading vendors in the Wearable Blood Pressure Monitor Market?

5. Which modes and strategic moves are suitable for entering the Wearable Blood Pressure Monitor Market?

Product Code: MRR-4318FBFE0287

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increase in Geriatric Population and Prevalence of Hypertension
  - 5.1.1.2. Growing Adoption of Wearable Blood Pressure Monitors in Home Healthcare
  - 5.1.1.3. Inclination of Athletes and Fitness Enthusiasts Towards Smart Wearable Health Metrics Monitoring Devices
- 5.1.2. Restraints
  - 5.1.2.1. Limited Accuracy of Wearable Blood Pressure Monitor Devices
- 5.1.3. Opportunities
  - 5.1.3.1. Technological Advancement in the Blood Pressure Monitoring Devices
  - 5.1.3.2. Surge in Online Purchase Patterns by Consumers
- 5.1.4. Challenges
  - 5.1.4.1. Privacy Concerns Regarding Transmitting Sensitive Patient Information
5.2. Market Segmentation Analysis
- 5.2.1. Measurement: Higher preferences for oscillometric method offering a balance between accuracy and ease of use
- 5.2.2. Application: Emerging potential of wearable blood pressure monitors in remote patient monitoring
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
- 5.9.1. Regulatory Framework
- 5.9.2. Patent Analysis & Pipeline

6. Wearable Blood Pressure Monitor Market, by Measurement

6.1. Introduction
6.2. Arterial Tonometry
6.3. Oscillometric Method
6.4. Pulse Transit Time Method

7. Wearable Blood Pressure Monitor Market, by Use

7.1. Introduction
7.2. Arm
7.3. Wrist

8. Wearable Blood Pressure Monitor Market, by Component

8.1. Introduction
8.2. Battery
8.3. Bluetooth IC
8.4. Display
8.5. Memory
8.6. Processor
8.7. Sensor

9. Wearable Blood Pressure Monitor Market, by Indication

9.1. Introduction
9.2. Hypertension
9.3. Hypotension
9.4. Irregular Heart Beat

10. Wearable Blood Pressure Monitor Market, by Distribution Channel

10.1. Introduction
10.2. Offline Mode
10.3. Online Mode

11. Wearable Blood Pressure Monitor Market, by Application

11.1. Introduction
11.2. Home Healthcare
11.3. Remote Patient Monitoring
11.4. Sports & Fitness

12. Americas Wearable Blood Pressure Monitor Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Wearable Blood Pressure Monitor Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Wearable Blood Pressure Monitor Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Sky Labs, Maker of Ring-Type BP monitor, Bags USD 15M Series C Funding
- 15.3.2. Withings Health Solutions and Validic Partner on New Integration of Best-In-Class Cellular Smart Scales and Blood Pressure Monitors
- 15.3.3. Rockley Photonics Completes Trials of Wearable Blood Pressure Monitor

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio