Ambulatory Blood Pressure Monitoring Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Product and Accessories); By Operation; By Configuration; By Region; Segment Forecast, 2024 - 2032
- Published Date:Apr-2024
- Pages: 118
- Format: PDF
- Report ID: PM4884
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Ambulatory blood pressure monitoring devices market size was valued at USD 1.27 billion in 2023. The market is anticipated to grow from USD 1.37 billion in 2024 to USD 2.58 billion by 2032, exhibiting a CAGR of 8.2% during the forecast period.
Market Overview
The rising prevalence of hypertension due to significant changes in people’s lifestyles and living patterns and the growing geriatric population, who are at high risk of developing lifestyle-related disorders due to the incidence of sedentary and obesity, are major factors driving the demand for ambulatory blood pressure monitoring devices.
- For instance, according to the World Bank, in March 2024, in 2022, 1 in every 8 people worldwide were living with obesity. Over 2.5 billion adults aged 18 years or above were overweight, and 890 million of these were living with obesity.
A growing number of initiatives taken by governments, including blood pressure monitoring programs, to raise awareness among people about the importance of regular monitoring of blood pressure and maintaining a database to analyze blood pressure trends, further contributing to the market’s growth. For instance, in May 2023, The Union Health Ministry announced the launch of its new enthusiastic initiative of screening and putting 75 million people living with hypertension and diabetes by 2025. The initiative will focus on scaling up the hypertension and diabetes coverage services across the country.
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As conventional cuff-based blood monitoring devices are often uncomfortable, impractical, and intermittent for frequent measurements, noninvasive blood pressure monitors are gaining huge popularity because of their promising potential in assessing individuals' health status. Such monitoring tools are being increasingly used by patients with several health conditions, including cardiovascular diseases and hypertension.
Growth Factors
Rising prevalence of hypertension and growing geriatric population to drive ambulatory blood pressure monitoring devices market growth
The substantial increase in the prevalence of hypertension across the world and its emergence as a silent killer because it does not have any specific symptoms or signs is driving the demand for ambulatory blood pressure monitoring devices. In addition, with the world’s geriatric population continuing to rise and people living longer lives, the risk of developing health issues, including hypertension and others, increases as well, which fuels the adoption of advanced monitoring devices to manage conditions efficiently. For instance, according to a report by the World Bank in March 2023, more than 1.28 billion adults aged 30 to 79 years globally have hypertension, and nearly 46% of them are unaware that they have hypertension.
Growing advances in device technology and new launches to foster ambulatory blood pressure monitoring devices market growth
There have been several advances in ambulatory blood pressure monitoring (ABPM) device technologies that have led to enhanced features, better accuracy, and integration with various digital health platforms, which drives ambulatory blood pressure monitoring devices market growth. Companies worldwide are extensively focusing on the development and launch of new ABPM devices with improved characteristics and features, including self-monitoring and risk assessment. For instance, in July 2022, CardiAI unveiled its new 24-hour ambulatory blood pressure monitoring system. The newly developed ABPM device includes Bluetooth connectivity for the wireless collection of data, making it a compact, portable, and self-monitoring device.
Restraining Factors
Lack of clear reimbursement policies to restrain ambulatory blood pressure monitoring devices market growth
The lack of reimbursement policies for patients utilizing ambulatory devices is restraining ambulatory blood pressure monitoring devices market growth. As reimbursement policies do not fully cover the expenses of costs associated with ambulatory blood pressure monitoring procedures, it results in low adoption of these devices, especially in regions with low and middle income. For instance, reimbursement of ambulatory blood pressure monitoring (ABPM) in the US is variable and low compared to various advanced healthcare systems. Out of 20,875 beneficiaries with ABPM claims, only 16,920, or 81%, were reimbursed, and the median reimbursement per beneficiary was around USD 89 for ABPM.
Report Segmentation
The market is primarily segmented based on device type, operation, configuration, and region.
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By Device Type |
By Operation |
By Configuration |
By Region |
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By Device Type Insights
Product segment accounted for the largest market share in 2023
The product segment accounted for the largest ambulatory blood pressure monitoring devices market share. Digital BP monitors are widely adopted and utilized as they provide reliable and highly accurate blood pressure measurements with greater convenience, which is driving the segment’s growth. These monitors are highly calibrated to produce consistent results that make them suitable and preferable for ambulatory use, where accuracy is most important for diagnosing hypertension and several other cardiovascular conditions.
By Operation Insights
The automatic segment held the majority ambulatory blood pressure monitoring devices market revenue share in 2023
The automatic segment held the majority ambulatory blood pressure monitoring devices market revenue share. This dominance is attributed to rising proliferation for automatic devices among patients due to its adoption as a convenient and user-friendly alternative to conventional devices, because they allow patients to perform blood pressure measurements without any assistance. Besides this, automatic monitors enable the continuous monitoring of blood pressure over an extended period that, results in a comprehensive assessment of blood pressure patterns, accurate diagnosis, improved treatment optimization, and stratification of risk for hypertension.
By Configuration Insights
The portable segment is expected to witness the highest ambulatory blood pressure monitoring devices market growth.
The portable segment is expected to grow at the highest ambulatory blood pressure monitoring devices market growth rate. Segment’s growth is attributable to the surging popularity and adoption of portable blood pressure monitors due to their ability to offer greater convenience and accessibility as compared to conventional monitors. It allows patients to monitor their blood pressure at their convenient time and preferred location without any need for an appointment or travel, which encourages regular monitoring of blood pressure, and helps patients maintain their control.
Furthermore, companies are developing portable ambulatory blood pressure monitors that are compatible with various advanced technologies, including smartphone apps, Bluetooth, and cloud-based platforms. These technologies help patients easily sync their monitoring data in smart devices and track records over time, and they also support self-management and patient engagement. For instance, in October 2023, Dozee released a new connected patient monitoring system named “Dozee Pro Ex.” It is equipped with wireless sensors and offers real-time monitoring of patient vitals.
Regional Insights
North America region dominated the global market in 2023
The North American region dominated the global ambulatory blood pressure monitoring devices market share. The rising incidence of hypertension and cardiovascular diseases drives the region’s dominance. The region is home to well-established and advanced healthcare infrastructure and a strong base of medical technology companies that are driving innovations and investing in R&D activities to develop blood pressure monitors with improved capabilities.
- For instance, as per the Centers for Disease Control and Prevention, in 2021, nearly 119.9 million people in the United States have hypertension, and it was the primary cause of death in the United States with 691,095.
The Asia Pacific region is anticipated to emerge as the fastest growing region with a healthy CAGR on account of the rise in the number of people becoming aware of the importance of regular blood pressure monitoring, expansion of global healthcare companies in the region due to the presence of untapped opportunities, and prevalence of cardiovascular diseases. Moreover, mobile health is emerging and gaining a significant population in developing countries like India, China, and South Korea, that is typically associated with the use of mobile communication devices like mobile phones, computers, and tablets for availing healthcare services and information, which is fueling the adoption of advanced and digital blood pressure monitors.
Key Market Players & Competitive Insights
Strategic partnerships to drive the competition
The ambulatory blood pressure monitoring devices market is highly fragmented. Growing investments by key companies in R&D activities for the creation of innovative, easy-to-use, and cost-effective solutions for blood pressure monitoring. Also, companies are focusing on the development of customized solutions with individual patients' needs and requirements to gain a competitive edge in the market. For instance, in March 2024, Dynocardia, in partnership with NYC Health+ Hospitals, is launching a study that is funded by a USD 2.3 million grant from the NHLBI (National Heart, Lung, and Blood Institute). The study will mainly focus on wearable and non-invasive blood pressure and heart monitors.
Some of the major players operating in the global market include:
- A&D Company Ltd.
- Bosch Healthcare Solutions GmbH
- Contec Medical Systems Co. Ltd.
- GE Healthcare
- Microlife Corporation
- Nihon Kohden Corporation
- Omron Healthcare
- Schiller AG
- Spacelabs Healthcare
- SunTech Medical Inc
- Welch Allyn
Recent Developments in the Industry
- In August 2023, Corsano Health announced the launch of its new advanced blood pressure monitoring bracelet named CardioWatch 287-2. This is an EU-MDR-certified monitoring device specially designed for the collection of physiological data in both home & healthcare settings.
Report Coverage
The ambulatory blood pressure monitoring devices market report emphasizes key regions across the globe to provide a better understanding of the product to the users. Also, the report provides market insights into recent developments and trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers an in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides a detailed analysis of the market while focusing on various key aspects such as competitive analysis, device type, operation, configuration, and futuristic growth opportunities.
Ambulatory Blood Pressure Monitoring Devices Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 1.37 billion |
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Revenue Forecast in 2032 |
USD 2.58 billion |
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CAGR |
8.2% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
key companies in Ambulatory Blood Pressure Monitoring Devices Market are Contec Medical Systems, GE Healthcare, Schiller AG, SunTech Medical
Ambulatory blood pressure monitoring devices market exhibiting a CAGR of 8.2% during the forecast period.
The Ambulatory Blood Pressure Monitoring Devices Market report covering key segments are device type, operation, configuration, and region.
key driving factors in Ambulatory Blood Pressure Monitoring Devices Market are Rising prevalence of hypertension and growing geriatric population
The global ambulatory blood pressure monitoring devices market size is expected to reach USD 2.58 billion by 2032
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