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The U.S. blood pressure monitors market size was worth USD 602.4 million in 2022 and is projected to grow at a CAGR of 9.1% during the forecast period.
A blood pressure monitor helps to assess the fluctuations in blood pressure, which can help detect hypertension and other cardiovascular diseases. Moreover, hypertension can lead to heart disease and stroke if not diagnosed and monitored regularly. Therefore, the increasing prevalence of heart disease and other cardiovascular diseases fuels the population's adoption of blood pressure monitors.
During the COVID-19 pandemic in 2020, many studies showed the occurrence of hypertension in COVID-19-infected patients, which fueled the demand for regular blood pressure monitoring in COVID-19 patients. This led to increased adoption of blood pressure monitors among the general and patient population in the country during the pandemic.
Increasing Commercialization of Technologically Advanced Products to Boost Market Growth
The rising burden of hypertension and other cardiovascular diseases has increased the demand for efficient and continuous monitoring systems from home care settings. Market players have been focused on developing and commercializing advanced devices to fulfill these demands.
The launch of advanced blood pressure monitoring devices with 24/7 monitoring features has increased its adoption among the U.S. population, fueling the U.S. blood pressure monitors market growth.
Increasing Prevalence of Hypertension and Other Chronic Diseases Fuel Market Growth
Hypertension and other heart diseases have been increasing significantly in the U.S. Due to hypertension, the mortality rate in the U.S. has been increasing. The increasing burden of hypertension and the rising adoption of a sedentary lifestyle have been fueling the demand for these monitors in the country.
Moreover, U.S. blood pressure monitors market players have also increased their focus on adopting advanced technology in their devices. These key factors have been fueling the market growth in the country.
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In 2022, around 38.0 million adults had diabetes. Similarly, around 122.2 million people suffered from hypertension in the same year.
Limitations Associated with the Use of Blood Pressure Monitors Negatively Impact the Market Growth
Hypertension is one of the most powerful modifiable risk factors for cardiovascular disease. However, certain limitations associated with using these devices include limited accuracy in calibration and lack of nocturnal recording in home blood pressure monitoring devices.
Due to this, many people assume it to be unreliable. Such factors associated with the use of these devices, along with the low awareness regarding these devices, have been limiting their adoption in the country.
Based on product, the market is classified into sphygmomanometers, digital blood pressure monitors, and ambulatory BP monitors.
Digital BP monitors dominated the market in 2022. The segment's dominance is attributed to the increased market player’s focus on launching new advanced digital BP monitors. In February 2022, InBody announced the launch of BP 170, a digital automatic blood pressure monitoring device, to expand its offerings in the market.
On the basis of end-user, the market is segmented into hospitals & clinics, home healthcare, and others.
The home healthcare segment dominated the U.S. market in 2022 and is expected to grow at a significant CAGR. The segment's growth is attributed to the increasing adoption of digital blood pressure monitoring devices at homecare settings for continuous patient monitoring. Moreover, the emergence of wearable blood pressure monitoring devices also boosts the segment’s growth.
Market players, such as Omron Healthcare, Inc., Hill-Rom Holdings, Inc., and Nihon Kohden Corporation, accounted for a significant U.S. blood pressure monitors market share in 2022. The strong emphasis of market players on inorganic strategies, such as acquisitions and partnerships, is driving their growth in the market.
Other players in the market include Koninklijke Philips N.V., Masimo, GE Healthcare (General Electric Company), and American Diagnostic Corporation. Companies, such as Koninklijke Philips N.V. are focused on mergers and partnerships to develop advanced monitoring devices.
An Infographic Representation of U.S. Blood Pressure Monitors Market
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The market report provides a detailed analysis of the market. It focuses on key aspects such as an overview of technological advancements, the prevalence of hypertension in the U.S., and pricing analysis. Additionally, it includes an overview of the reimbursement scenario for the devices, new product launches, key industry developments such as mergers, partnerships, & acquisitions, and the impact of COVID-19 on the market. Besides this, the report also offers insights into the market trends and highlights key industry dynamics. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market over recent years.
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 9.1% from 2023 to 2030 |
Unit | Value (USD Million) |
Segmentation | By Product
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By End-user
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Fortune Business Insights says the U.S. market was worth USD 602.4 million in 2022.
The market is expected to exhibit a CAGR of 9.1% during the forecast period (2023-2030).
By product, the sphygmomanometer segment account for a considerable proportion of the market.
Omron Healthcare, Inc., Hill-Rom Holdings, Inc., and Nihon Kohden Corporation are the top players in the market.
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