According to Blueweave consulting Wearable Blood Pressure Monitor Market size is expected to reach USD 3771.52 billion by 2026 from USD 1405.83 billion in 2019, at a CAGR of 15.14 % from 2020 to 2026. Wearable blood pressure monitors are quite smaller in comparison to the traditional blood pressure devices.
Most wearable blood pressure monitors are numerical, and the new smart wearable blood pressure monitors function through apps. Amid all types of wearable blood pressure monitors, the wrist wearable blood pressure monitors are of particular interest due to their easy use and non-bulky look and design. The government initiatives, such as the Public Blood Pressure (BP) Check-up program to create alertness amongst people and maintain the database created by remotely operational BP monitors, are anticipated to push further development during the estimated period. Wearable blood pressure monitor devices continuously monitor blood pressure even during activities like exercises, sleep, etc. using technology linked to the person’s body.
Global Wearable Blood Pressure Monitor Market: Segmentation
Based on End Use, Global Wearable Blood Pressure Monitor market is segmented into Home Healthcare, Remote Patient Monitoring, and Sports & Fitness.
Geographically, the Wearable Blood Pressure Monitor market has been separated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
“Rise in hypertension and cardiovascular disorders and Technological advancement are the key drivers in the growth of Global Wearable Blood Pressure Monitor Market.”
Increasing incidence of hypertension and cardiovascular disorders and the rise in the ageing population propel the development of wearable blood pressure monitors. Lifestyle changes mainly cause hypertension, and the adoption of a sedentary lifestyle and, the increasingly fast-paced lifestyle has led patients to the use of compatible, easy to use wearable blood pressure monitors. Also, the rise in adoption of wireless and wearable technology drives the development of wearable blood pressure monitors.
“Home Healthcare dominates the End-Use Segment.”
Based on End Use, Global Wearable Blood Pressure Monitor Market is segmented into Home Healthcare, Remote Patient Monitoring, and Sports & Fitness. Home healthcare is anticipated to exhibit a sturdy CAGR over the projection period. The cost-competency of the substitute in the form of smart wearables for BP checking, offering mobility is likely to support market growth. Ageing population around the world, increased patient preference for value-based healthcare combined with independent living are anticipated to fuel the demand for BP monitors.
The major players in this market operate in North America. Some of the leading players in the Wearable blood pressure monitor market include Blipcare, iHealth Labs Inc., OMRON Corporation, Koninklijke Philips N.V., Pyle Audio, ForaCare Suisse AG, Qardio, Inc., Xiaomi, Medaval Ltd., Nokia Corporation, Koogeek Inc., and Inventum Huishoudelijke Apparaten B.V., among many others.
“The leading players” operating in the Global Wearable BP Monitor Market are Alphabet Inc. (Google Inc.), Enlitic Inc., General Vision, Intel Corporation, IBM Corporation, Microsoft Corporation, Nvidia Corporation, Next IT Corp., Welltok Inc. and others.