Global Ambulatory Blood Pressure Monitoring Device Market Overview
As per MRFR analysis, the Ambulatory Blood Pressure Monitoring Device Market Size was estimated at 1.68 (USD Billion) in 2022.
The Ambulatory Blood Pressure Monitoring Device Market is expected to grow from 1.79 (USD Billion) in 2023 to 3.1 (USD Billion) by 2032. The Ambulatory Blood Pressure Monitoring Device Market CAGR (growth rate) is expected to be around 6.31% during the forecast period (2024 - 2032).
Key Ambulatory Blood Pressure Monitoring Device Market Trends Highlighted
The increasing prevalence of hypertension, growing awareness of the importance of ambulatory blood pressure monitoring, and technological advancements are driving the growth of the ambulatory blood pressure monitoring (ABPM) device market.
The ability of ABPM to provide accurate 24-hour blood pressure profiles is attracting attention from healthcare professionals and patients alike. The market is expected to expand as the technology continues to evolve, offering improved accuracy, portability, and user-friendliness.
Opportunities exist for manufacturers to develop innovative devices that meet the specific needs of different patient populations and healthcare settings.
The trend towards remote monitoring and telemedicine is also creating opportunities for wireless and cloud-based ABPM solutions.
By partnering with healthcare providers and leveraging data analytics, manufacturers can create value-added services that improve patient outcomes and reduce healthcare costs.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Global Ambulatory Blood Pressure Monitoring Device Market Drivers
Growing Prevalence of Hypertension
One of the important driving factors for the ambulatory blood pressure monitoring device market is that hypertension or high blood pressure is an essential risk element for cardiovascular diseases such as heart attack, stroke, and heart failure.
Furthermore, the increasing incidence of hypertension is also aiding the growth of the ambulatory blood pressure monitoring device market. According to the WHO, it is estimated that around 1.28 billion adults aged 30 to 79 years have hypertension worldwide, and this number is expected to rise to 1.56 billion by 2025.
This indicates that the increasing demand for the ambulatory blood pressure monitoring device will further drive the prospects for growth of the ambulatory blood pressure monitoring device market during the future years.
Technological Advancements
The Ambulatory Blood Pressure Monitoring Device Market is witnessing significant technological advancements, which are further propelling market growth. These advancements include the development of wireless devices, miniaturized sensors, and smartphone integration.
Wireless devices offer greater convenience and comfort to patients, as they eliminate the need for cumbersome wires and hoses. Miniaturized sensors have enabled the development of smaller and more portable devices, making them more suitable for long-term monitoring.
Furthermore, smartphone integration allows patients to easily track their blood pressure readings and share them with their healthcare providers. These technological advancements are enhancing the user experience and driving the adoption of ambulatory blood pressure monitoring devices.
Government Initiatives and Reimbursement Policies
Government initiatives and reimbursement policies are playing a crucial role in driving the growth of the Ambulatory Blood Pressure Monitoring Device Market. Governments worldwide are recognizing the importance of early detection and management of hypertension to reduce the risk of cardiovascular diseases.
As a result, many governments are implementing initiatives to promote the use of ambulatory blood pressure monitoring devices. Reimbursement policies are also being revised to cover the costs of ambulatory blood pressure monitoring, making it more accessible to patients.
These initiatives and policies are creating a favorable environment for the growth of the market.
Global Ambulatory Blood Pressure Monitoring Device Market Segment Insights
Ambulatory Blood Pressure Monitoring Device Device Type Insights
The Ambulatory Blood Pressure Monitoring Device Market is segmented into five devices- Ambulatory Blood Pressure Monitor, Home Blood Pressure Monitor, Hospital Blood Pressure Monitor, Wearable Blood Pressure Monitor, and Finger Blood Pressure Monitor.
Ambulatory Blood Pressure Monitors (ABPMs) are devices that can be carried anywhere and can monitor blood pressure continuously for 24 hours. It has various applications like diagnosing hypertension, blood pressure fluctuations throughout the day, evaluating the effectiveness of antihypertensive medications, assessment of the risk for heart diseases, stroke, etc.
The ABPM market is expected to reach USD 1.2 billion by 2024, growing at a CAGR of 6.5% from 2024 to 2032. Home Blood Pressure Monitor: HBPMs are used in homes to monitor blood pressure. It is cheaper than ABPMs and it can be used for the long-term to monitor blood pressure. The HBPM market is expected to reach USD 0.9 billion by 2024, growing at a CAGR of 5.5% from 2024 to 2032.
Hospital Blood Pressure Monitors are used in hospitals to monitor blood pressure. They are mostly more accurate than HBPM and are used for monitoring the blood pressure of critical patients. The HBPM market is expected to reach USD 0.6 billion by 2024, growing at a CAGR of 4.5% from 2024 to 2032.
Wearable Blood Pressure Monitors are devices that can be worn on the body and can monitor blood pressure continuously for any number of hours. It is more compatible with the patients than ABPMs and available for long-term periods. The WBPM market is expected to reach USD 0.4 billion by 2024, growing at a CAGR of 7.5% from 2024 to 2032.
Finger Blood Pressure Monitors are devices that are handy and can be carried with your hands. It measures the blood pressure by applying the cuff around the finger. It is less accurate and more comfortable than other devices used in blood pressure monitoring. The FBPM market is expected to reach USD 0.2 billion by 2024, growing at a CAGR of 6.0% from 2024 to 2032.
The Ambulatory Blood Pressure Monitoring Device Market is growing rapidly due to various factors such as increases in hypertension problems, demand for home-based healthcare devices, advancement in technology, etc.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ambulatory Blood Pressure Monitoring Device Modality Insights
The Ambulatory Blood Pressure Monitoring Device Market is segmented by modality into oscillometric, auscultatory, and radial artery tonometry. Oscillometric devices are the most common type of ambulatory blood pressure monitoring device.
They are easy to use and relatively inexpensive. Auscultatory devices are more accurate than oscillometric devices, but they are also more difficult to use. Radial artery tonometry is the most accurate type of ambulatory blood pressure monitoring device, but it is also the most invasive.
In 2023, the oscillometric segment is expected to account for the largest share of the Ambulatory Blood Pressure Monitoring Device Market.
The auscultatory segment is expected to grow at the fastest rate over the next five years. The radial artery tonometry segment is expected to account for the smallest share of the market in 2024. The growth of the Ambulatory Blood Pressure Monitoring Device Market is being driven by the increasing prevalence of hypertension and the growing awareness of the importance of blood pressure monitoring.
The market is also being driven by the development of new technologies, such as wireless devices and smartphone apps, that make it easier for patients to monitor their blood pressure at home.
The Ambulatory Blood Pressure Monitoring Device Market is a highly competitive market. The major players in the market include Omron Healthcare, A Medical, GE Healthcare, and Welch Allyn. These companies are constantly innovating and developing new products to meet the needs of their customers.
Ambulatory Blood Pressure Monitoring Device Patient Demographics Insights
Patient demographics play a crucial role in shaping the demand for ambulatory blood pressure monitoring (ABPM) devices. The ABPM market is segmented into three primary patient demographic categories: adult, pediatric, and geriatric.
Adults constitute the largest patient demographic segment for ABPM, accounting for approximately 72% of the market revenue in 2023. The high prevalence of hypertension and related cardiovascular diseases among adults drives the demand for ABPM devices.
As per the World Health Organization (WHO), an estimated 1.28 billion adults worldwide have hypertension.
The pediatric segment is expected to witness significant growth in the coming years. The rising incidence of childhood obesity and associated cardiovascular risk factors is contributing to the increased demand for ABPM in this population.
The geriatric segment represents a growing market for ABPM devices. As the population ages, the number of elderly individuals with hypertension and other cardiovascular conditions is increasing. ABPM provides an accurate and convenient method to monitor blood pressure in geriatric patients who may have difficulty with traditional cuff-based measurements.
Ambulatory Blood Pressure Monitoring Device Indication Insights
The Ambulatory Blood Pressure Monitoring Device Market is segmented by Indication into Hypertension Detection and Monitoring, Diagnosis and Management of Orthostatic Hypotension, Assessment of Blood Pressure Variability, White Coat Hypertension Evaluation, and Clinical Trials and Research.
Among these, Hypertension Detection and Monitoring is the largest segment, accounting for around 50% of the Ambulatory Blood Pressure Monitoring Device Market revenue in 2023.
The high prevalence of hypertension worldwide, along with the need for accurate and reliable BP monitoring, drives the growth of this segment.
Furthermore, the increasing adoption of ABPM devices in clinical trials and research is expected to boost market growth in the coming years.
Ambulatory Blood Pressure Monitoring Device Regional Insights
The Ambulatory Blood Pressure Monitoring Device Market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period.
The growth in this region can be attributed to the increasing prevalence of hypertension, technological advancements, and favorable reimbursement policies. Europe is expected to be the second largest market, followed by APAC.
The APAC region is expected to witness the highest growth rate during the forecast period due to rising disposable income levels, increasing awareness about health, and improving healthcare infrastructure.
South America and MEA are expected to contribute a smaller share to the Ambulatory Blood Pressure Monitoring Device Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Global Ambulatory Blood Pressure Monitoring Device Market Key Players and Competitive Insights
Major players in the Ambulatory Blood Pressure Monitoring Device Market are focusing on developing innovative products and expanding their presence. Leading Ambulatory Blood Pressure Monitoring Device Market players are investing in research and development to introduce advanced devices with improved accuracy, reliability, and user-friendliness.
This Ambulatory Blood Pressure Monitoring Device Market development is driven by the increasing demand for accurate and convenient blood pressure monitoring devices.
Furthermore, strategic collaborations and partnerships between key players are shaping the Ambulatory Blood Pressure Monitoring Device Market landscape, enabling the development of integrated solutions and expanding market reach.
The competitive landscape is expected to remain dynamic, with new entrants and established players vying for market share.
Omron Healthcare is a leading player in the Ambulatory Blood Pressure Monitoring Device Market, known for its innovative and reliable devices. The company offers a wide range of ambulatory blood pressure monitors, including the Omron HEM-9200T and the Omron HEM-7124.
Omron Healthcare has a strong presence, with operations in over 100 countries. The company's commitment to research and development has resulted in the development of advanced features such as the IntelliSense technology, which provides accurate and consistent blood pressure readings.
A leading competitor in the Ambulatory Blood Pressure Monitoring Device Market is Welch Allyn. The company offers a range of ambulatory blood pressure monitors, including the Welch Allyn Connex Spot Vital Signs Monitor and the Welch Allyn Vital Signs Monitor 4200.
Welch Allyn has a strong presence in the healthcare industry and is known for its reliable and durable medical devices. The company's focus on innovation has led to the development of advanced features such as the SureBP technology, which provides accurate and consistent blood pressure readings even in challenging conditions.
Key Companies in the Ambulatory Blood Pressure Monitoring Device Market Include:
- Medtronic
- CardioComm Solutions
- iHealth Labs
- Schiller
- SunTech Medical
- Omron Healthcare
- A Company
- Nihon Kohden
- GE Healthcare
- Spacelabs
- Welch Allyn
- Fukuda Denshi
- Philips Healthcare
- Withings
Ambulatory Blood Pressure Monitoring Device Market Developments
The market growth can be attributed to factors such as the increasing prevalence of hypertension, rising awareness about ABPM, technological advancements, and favorable reimbursement policies. Key players in the market include Omron Healthcare, Medtronic, and AD Medical.
Recent news developments in the ABPM device market include the launch of new products, such as the Omron Evolv Wireless Upper Arm Blood Pressure Monitor and the AD Medical UA-767PBT Fully Automatic Blood Pressure Monitor.
These products offer advanced features, such as wireless connectivity, Bluetooth, and smartphone compatibility, which enhance user convenience and accuracy. Additionally, key players are focusing on strategic collaborations and acquisitions to expand their market reach and product portfolio.
Ambulatory Blood Pressure Monitoring Device Market Segmentation Insights
Ambulatory Blood Pressure Monitoring Device Device Type Outlook
- Ambulatory Blood Pressure Monitor
- Home Blood Pressure Monitor
- Hospital Blood Pressure Monitor
- Wearable Blood Pressure Monitor
- Finger Blood Pressure Monitor
Ambulatory Blood Pressure Monitoring Device Modality Outlook
- Oscillometric
- Auscultatory
- Radial Artery Tonometry
Ambulatory Blood Pressure Monitoring Device Patient Demographics Outlook
- Adult
- Pediatric
- Geriatric
Ambulatory Blood Pressure Monitoring Device Indication Outlook
- Hypertension Detection and Monitoring
- Diagnosis and Management of Orthostatic Hypotension
- Assessment of Blood Pressure Variability
- White Coat Hypertension Evaluation
- Clinical Trials and Research
Ambulatory Blood Pressure Monitoring Device Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
Ambulatory Blood Pressure Monitoring Device Market Report Scope
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.68(USD Billion) |
| Market Size 2023 |
1.79(USD Billion) |
| Market Size 2032 |
3.1(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.31% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Medtronic, CardioComm Solutions, iHealth Labs, Schiller, SunTech Medical, Omron Healthcare, A Company, Nihon Kohden, GE Healthcare, Spacelabs, Welch Allyn, Fukuda Denshi, Philips Healthcare, Withings |
| Segments Covered |
Device Type, Modality, Patient Demographics, Indication, Regional |
| Key Market Opportunities |
Wearable and home monitoring devices Integration with telemedicine platforms Advancements in technology for accuracy and convenience Growing demand in emerging markets Increased focus on preventive healthcare |
| Key Market Dynamics |
Increasing Prevalence of Hypertension Rapid Technological Advancements Growing Awareness Reimbursement Policies Favorable Regulatory Landscape |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Ambulatory Blood Pressure Monitoring Device Market is expected to reach a valuation of USD 3.1 billion by 2032, exhibiting a CAGR of 6.31% during the forecast period (2024-2032).
North America is expected to dominate the Ambulatory Blood Pressure Monitoring Device Market throughout the forecast period, owing to the increasing prevalence of hypertension and the presence of major market players in the region.
The increasing prevalence of hypertension, technological advancements in ABPM devices, and rising awareness about the importance of regular blood pressure monitoring are key factors driving the growth of the Ambulatory Blood Pressure Monitoring Device Market.
The hypertension segment is expected to hold the largest share of the Ambulatory Blood Pressure Monitoring Device Market during the forecast period, due to the high prevalence of hypertension worldwide.
Key competitors in the Ambulatory Blood Pressure Monitoring Device Market include Omron Healthcare, GE Healthcare, Medtronic, AD Company, and Spacelabs Healthcare.
The Asia-Pacific region is expected to witness a significant growth rate in the Ambulatory Blood Pressure Monitoring Device Market during the forecast period, owing to the increasing prevalence of hypertension and the growing healthcare expenditure in the region.
Key trends in the Ambulatory Blood Pressure Monitoring Device Market include the increasing adoption of wireless and wearable ABPM devices, the development of AI-powered ABPM devices, and the growing focus on remote patient monitoring.
Challenges faced by the Ambulatory Blood Pressure Monitoring Device Market include the high cost of ABPM devices, the lack of reimbursement for ABPM procedures, and the limited awareness about the benefits of ABPM among healthcare professionals.
Opportunities for growth in the Ambulatory Blood Pressure Monitoring Device Market include the increasing prevalence of hypertension, the growing demand for remote patient monitoring, and the development of new and innovative ABPM devices.
The Ambulatory Blood Pressure Monitoring Device Market is expected to witness steady growth during the forecast period (2024-2032), driven by the increasing prevalence of hypertension and the growing awareness about the importance of regular blood pressure monitoring.
