Wearable BP Monitoring Device Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently published an extensive report on the global Wearable BP Monitoring Device Market, offering an in-depth analysis of the key market dynamics, including drivers, trends, opportunities, and challenges. This comprehensive report provides a detailed insight into the market structure, which is crucial for stakeholders and investors seeking to understand the future trajectory of this rapidly growing sector.

Key Insights:

Wearable BP Monitoring Device Market Size (2024E): US$2.9 Bn
Projected Market Value (2031F): US$8.1 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 15.7%

Wearable BP Monitoring Device Market - Report Scope:

The Wearable BP Monitoring Device Market encompasses various smart and portable devices designed to monitor blood pressure continuously and conveniently. These devices, equipped with advanced sensors and wireless connectivity, cater to a wide range of consumers, including individuals with hypertension, health-conscious users, and healthcare professionals. The market serves diverse segments, including retail, online platforms, and healthcare facilities. The growth is driven by the increasing prevalence of hypertension, technological advancements in wearable health technology, and the rising awareness of preventive healthcare.

Market Growth Drivers:

Several key factors are driving the global Wearable BP Monitoring Device Market. The rising incidence of cardiovascular diseases and hypertension globally fuels the demand for continuous BP monitoring solutions. Technological advancements in wearable health devices, including the integration of artificial intelligence (AI) and the Internet of Things (IoT), have enhanced the accuracy and usability of BP monitors, further boosting market expansion. Additionally, the growing consumer focus on preventive healthcare and the increasing availability of user-friendly, compact, and stylish wearable BP monitors drive demand. Enhanced research and development activities, along with the introduction of innovative features such as real-time data sharing and cloud storage, contribute to market growth by offering tailored solutions for diverse consumer needs.

Market Restraints:

Despite promising growth prospects, the Wearable BP Monitoring Device Market faces challenges related to the high costs of advanced wearable devices and potential privacy concerns associated with data sharing and storage. Market growth can also be hindered by the availability of alternative BP monitoring methods, such as traditional cuff-based devices, which may be preferred by some consumers due to their perceived accuracy and reliability. Additionally, concerns about device accuracy, particularly in comparison to traditional BP monitors, pose challenges for market expansion. Addressing these issues requires ongoing investment in research and development to improve the accuracy, affordability, and data security of wearable BP monitors.

Market Opportunities:

The market presents significant opportunities driven by the increasing adoption of AI-powered and IoT-enabled wearable BP monitors and the rising demand for personalized healthcare solutions. The development of advanced sensor technologies and non-invasive monitoring techniques caters to the growing need for accurate, comfortable, and user-friendly BP monitoring devices. The expansion of telemedicine platforms and home healthcare services provides new channels for market growth, allowing companies to reach a broader audience and offer convenient access to wearable BP monitors. Strategic partnerships, investments in data security, and the introduction of multifunctional devices that combine BP monitoring with other health metrics are essential for capitalizing on emerging opportunities and maintaining market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Wearable BP Monitoring Device Market globally?
Which types of wearable BP monitors are leading the adoption in various settings?
How are technological advancements influencing the competitive landscape of the Wearable BP Monitoring Device Market?
Who are the key players in the Wearable BP Monitoring Device Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Wearable BP Monitoring Device Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Wearable BP Monitoring Device Market, including Omron Healthcare, Withings, and Garmin, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced wearable BP monitoring solutions and explore new sensor technologies. Collaborations with healthcare providers, technology partners, and retail distributors facilitate market access and promote new product adoption. Emphasis on consumer education, high-quality products, and comprehensive marketing strategies fosters market growth and enhances brand loyalty in the evolving Wearable BP Monitoring Device Market landscape.

Key Companies Profiled:

OMRON Corporation
Pyle Audio
Blipcare
Koninklijke Philips N.V.
Nokia Corporation
ForaCare Suisse AG
Qardio, Inc.
iHealth Labs Inc.
Koogeek Inc.

Wearable BP Monitoring Device Market Industry Segmentation

By Product

Upper Arm Blood Pressure Monitor
Finger Blood Pressure Monitor
Wrist Blood Pressure Monitor

By Technology

Wi-Fi Based
Bluetooth Based

By End User

Hospital
Clinic
Home Care Settings
Others

By Region

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

Product Code: PMRREP34562

1. Executive Summary

1.1. Global Wearable Blood Pressure Monitoring Device Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Epidemiology - Deafness and Hearing Loss
3.3. Technology Assessment
3.4. Regulatory Landscape
3.5. Value Chain Analysis
- 3.5.1. List of Distribution Channel/Marketplaces
  - 3.5.1.1. Retail
  - 3.5.1.2. Audiology
  - 3.5.1.3. E-Commerce
- 3.5.2. List of End User (Industry)
3.6. Key Deals and Mergers
3.7. PESTLE Analysis
3.8. Porter's Five Force Analysis

4. Price Trend Analysis, 2024-2031

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Pricing Analysis, By Product Type
4.4. Regional Prices and Product Preferences

5. Global Wearable Blood Pressure Monitoring Device Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2023-2031
5.3. Global Wearable Blood Pressure Monitoring Device Market Outlook: Product Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Product Type, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
  - 5.3.3.1. Upper Arm Blood Pressure Monitor
  - 5.3.3.2. Finger Blood Pressure Monitor
  - 5.3.3.3. Wrist Blood Pressure Monitor
5.4. Market Attractiveness Analysis: Product Type
5.5. Global Wearable Blood Pressure Monitoring Device Market Outlook: Technology
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Technology, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
  - 5.5.3.1. WiFi Based
  - 5.5.3.2. Bluetooth Based
5.6. Market Attractiveness Analysis: Application
5.7. Global Wearable Blood Pressure Monitoring Device Market Outlook: End User
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By End User, 2019-2023
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
  - 5.7.3.1. Hospital
  - 5.7.3.2. Clinic
  - 5.7.3.3. Home Care Settings
  - 5.7.3.4. Other
5.8. Market Attractiveness Analysis: End User

6. Global Wearable Blood Pressure Monitoring Device Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019-2023
6.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Wearable Blood Pressure Monitoring Device Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Technology
- 7.3.4. By End User
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 7.5.1. Upper Arm Blood Pressure Monitor
- 7.5.2. Finger Blood Pressure Monitor
- 7.5.3. Wrist Blood Pressure Monitor
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 7.6.1. WiFi Based
- 7.6.2. Bluetooth Based
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 7.7.1. Hospital
- 7.7.2. Clinic
- 7.7.3. Home Care Settings
- 7.7.4. Other
7.8. Market Attractiveness Analysis

8. Europe Wearable Blood Pressure Monitoring Device Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Technology
- 8.3.4. By End User
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 8.5.1. Upper Arm Blood Pressure Monitor
- 8.5.2. Finger Blood Pressure Monitor
- 8.5.3. Wrist Blood Pressure Monitor
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 8.6.1. WiFi Based
- 8.6.2. Bluetooth Based
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 8.7.1. Hospital
- 8.7.2. Clinic
- 8.7.3. Home Care Settings
- 8.7.4. Other
8.8. Market Attractiveness Analysis

9. East Asia Wearable Blood Pressure Monitoring Device Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Technology
- 9.3.4. By End User
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 9.5.1. Upper Arm Blood Pressure Monitor
- 9.5.2. Finger Blood Pressure Monitor
- 9.5.3. Wrist Blood Pressure Monitor
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 9.6.1. WiFi Based
- 9.6.2. Bluetooth Based
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 9.7.1. Hospital
- 9.7.2. Clinic
- 9.7.3. Home Care Settings
- 9.7.4. Other
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Wearable Blood Pressure Monitoring Device Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Technology
- 10.3.4. By End User
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 10.5.1. Upper Arm Blood Pressure Monitor
- 10.5.2. Finger Blood Pressure Monitor
- 10.5.3. Wrist Blood Pressure Monitor
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 10.6.1. WiFi Based
- 10.6.2. Bluetooth Based
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 10.7.1. Hospital
- 10.7.2. Clinic
- 10.7.3. Home Care Settings
- 10.7.4. Other
10.8. Market Attractiveness Analysis

11. Latin America Wearable Blood Pressure Monitoring Device Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Product Type
- 11.3.3. By Technology
- 11.3.4. By End User
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 11.5.1. Upper Arm Blood Pressure Monitor
- 11.5.2. Finger Blood Pressure Monitor
- 11.5.3. Wrist Blood Pressure Monitor
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 11.6.1. WiFi Based
- 11.6.2. Bluetooth Based
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 11.7.1. Hospital
- 11.7.2. Clinic
- 11.7.3. Home Care Settings
- 11.7.4. Other
11.8. Market Attractiveness Analysis

12. Middle East & Africa Wearable Blood Pressure Monitoring Device Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By Product Type
- 12.3.3. By Technology
- 12.3.4. By End User
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 12.5.1. Upper Arm Blood Pressure Monitor
- 12.5.2. Finger Blood Pressure Monitor
- 12.5.3. Wrist Blood Pressure Monitor
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2024-2031
- 12.6.1. WiFi Based
- 12.6.2. Bluetooth Based
12.7. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024-2031
- 12.7.1. Hospital
- 12.7.2. Clinic
- 12.7.3. Home Care Settings
- 12.7.4. Other
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. OMRON Corporation
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Pyle Audio
- 13.3.3. Blipcare
- 13.3.4. Koninklijke Philips N.V.
- 13.3.5. Nokia Corporation
- 13.3.6. ForaCare Suisse AG
- 13.3.7. Qardio, Inc.
- 13.3.8. iHealth Labs Inc.
- 13.3.9. Koogeek Inc.
- 13.3.10. Inventum Huishoudelijke Apparaten B.V.

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations