15-Mar-2023 | Zion Market Research
The global dynamic blood pressure monitor market size was worth around USD 1.01 Billion in 2022 and is further expected to reach USD 2.44 Billion by 2030, growing at a compound annual growth rate (CAGR) of 11.2% during the forecast period.
A dynamic blood pressure monitor is a medical device that continuously measures and records blood pressure in real-time. Unlike conventional blood pressure monitors, which provide a snapshot of blood pressure at a single point in time, dynamic blood pressure monitors record blood pressure over an extended period, typically 24 hours.
This allows healthcare providers to obtain a more comprehensive picture of a patient's blood pressure profile and assess their condition more accurately. Dynamic blood pressure monitors are used in the diagnosis and management of hypertension, as well as in research studies that require accurate and continuous blood pressure monitoring. They are also increasingly used in remote patient monitoring solutions, enabling patients to monitor their blood pressure at home and share data with healthcare providers.
The global dynamic blood pressure monitor market is expected to surge exponentially due to the increasing prevalence of hypertension, growing awareness about the benefits of blood pressure monitoring devices, and the rising demand for real-time blood pressure monitoring solutions. The growing adoption of remote patient monitoring solutions and the increasing geriatric population is also driving the market growth. Furthermore, technological advancements in healthcare are allowing for the development of more advanced and accurate dynamic blood pressure monitors.
Growing applications of dynamic blood pressure monitoring research studies, remote patient monitoring solutions, and the increasing adoption of wearable healthcare devices create significant opportunities in the dynamic blood pressure monitor industry. Additionally, the rising healthcare expenditure and growing awareness about hypertension in emerging economies provide ample opportunities for market growth. However, meeting regulatory requirements and obtaining approvals can be a complex and time-consuming process, which can delay product launches and hinder market growth.
The global dynamic blood pressure monitor market is segmented based on type, application, and region.
Based on type, the market is segmented into normal BP monitors and smartphone-based BP monitors. The smartphone-based BP monitor is expected to cite the fastest CAGR during the forecast period. This is mainly because these devices use a smartphone app and a blood pressure cuff to measure blood pressure. They are more convenient and portable than normal BP monitors and can be used at home or on the go. Smartphone-based BP monitors are also generally less expensive than normal BP monitors.
The market for smartphone-based BP monitors is still relatively new, but it is expected to grow rapidly due to the increasing adoption of smartphones and the rising demand for remote patient monitoring solutions. These factors drive the growth of the segment during the forecast period.
Based on application, the market is segmented into homes, hospitals, and clinics. The home settings segment held a remarkable market share and is predicted to cite the fastest CAGR during the forecast period. This is major because there has been an increasing demand for home healthcare solutions, especially in developed countries with aging populations. Many individuals prefer to manage their health in the comfort of their own homes, and dynamic blood pressure monitors provide a convenient and reliable way to do so. In addition, remote patient monitoring is becoming more prevalent in healthcare.
Dynamic blood pressure monitors can be connected to telemedicine platforms, allowing healthcare providers to monitor their patient’s blood pressure remotely and provide timely interventions if necessary. This is particularly useful for individuals with chronic conditions like hypertension, who require ongoing monitoring and management. These factors drive the growth of the segment during the forecast period.
Based on region, the North American region held the largest share of the global dynamic blood pressure monitor market in 2022 and is further predicted to grow rapidly at a significant CAGR during the forecast period. The region's growth is primarily driven by several factors, including the high prevalence of hypertension, increasing healthcare expenditure, and the availability of advanced healthcare infrastructure. Moreover, the rising adoption of telemedicine and remote monitoring solutions is also driving the market's growth in the region. The COVID-19 pandemic has accelerated this trend, with many individuals opting for home-based monitoring solutions to avoid exposure to the virus in clinical settings. Additionally, the presence of several key players in the region, along with their focus on developing innovative and user-friendly dynamic blood pressure monitors, is also contributing to market growth.
This review is based on a report by Zion Market Research, titled “Dynamic Blood Pressure Monitor Market By Type (Normal BP Monitors And Smartphone-Based BP Monitors), By Applications (Hospitals, Clinics, Home): Global Industry Perspective, Comprehensive Analysis And Forecast, 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/dynamic-blood-pressure-monitor-market
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