[199 Pages Report] The Wearable Blood Pressure Monitor Market size was estimated at USD 2.47 billion in 2023 and expected to reach USD 2.87 billion in 2024, at a CAGR 16.19% to reach USD 7.07 billion by 2030.
A wearable blood pressure monitor is a technologically advanced medical device designed for the continuous or periodic monitoring of blood pressure (BP) without requiring direct supervision by healthcare professionals. Unlike traditional BP monitoring devices, these wearable gadgets provide mobility convenience, enabling users to measure their blood pressure throughout the day during various activities, thus facilitating better hypertension management and cardiovascular health monitoring. The growth of the wearable blood pressure monitor market is propelled by the necessity of effective monitoring solutions for the rising prevalence of hypertension and cardiovascular diseases globally. Additionally, the increased awareness and preference for preventive healthcare measures among the general population further boost the adoption of these devices. Despite promising growth prospects, regulatory hurdles and the need for clinical validations pose challenges for manufacturers. The high cost of advanced models may also limit adoption among cost-sensitive consumers. However, the ongoing demand for home healthcare and remote patient monitoring systems opens vast avenues for growth. Furthermore, technological advancements in wearable technology, such as enhanced sensor accuracy and the integration with smart devices for real-time data analysis and feedback, present considerable opportunities for market penetration.
Arterial tonometry is a sophisticated method for measuring blood pressure that involves applying sensors directly over arterial sites, such as the radial artery, to capture the pressure waveforms. This technique provides high-fidelity readings of the actual arterial pressure waves, offering insights not only into systolic and diastolic pressures but also into arterial stiffness, an indicator of cardiovascular health. The oscillometric method is the most commonly utilized technique in wearable blood pressure monitors, renowned for its practicality and ease of use. This method measures the oscillations in the arterial wall induced by the pulsatile blood flow to calculate blood pressure. While the device inflates a cuff to occlude the artery, it then slowly releases pressure, detecting the magnitude of oscillations to determine systolic and diastolic pressures. The pulse transit time (PTT) method represents a non-invasive approach to estimating blood pressure by measuring the time taken for a pulse wave to travel between two arterial sites. This technique infers blood pressure levels by analyzing changes in the velocity of the pulse wave, which are influenced by arterial stiffness and blood pressure.
In-home healthcare and wearable blood pressure monitors present a notable advantage, enabling patients to manage their health proactively and with greater autonomy. This technology allows continuous and accurate monitoring without frequent hospital visits, significantly enhancing patient convenience and potentially reducing healthcare costs. Moreover, it supports early detection of potential health issues, facilitating timely medical intervention. Wearable blood pressure monitors have revolutionized remote patient monitoring by providing healthcare professionals with real-time access to patient's health data, regardless of location. This innovation optimizes the quality of care and maximizes healthcare resources by reducing the need for in-person appointments. It further benefits patients with mobility issues or those residing in remote areas, ensuring they receive consistent and efficient healthcare management. Within the sports and fitness domain, wearable blood pressure monitors are essential for athletes and fitness enthusiasts aiming to optimize their performance and health. These devices help monitor cardiovascular responses to various physical activities, enabling users to adjust their workouts based on precise health metrics.
In the Americas, wearable blood pressure monitors are being adopted rapidly owing to the high prevalence of cardiovascular diseases and the substantial adoption of advanced healthcare technologies. Additionally, local regulations and initiatives promoting preventive healthcare are further fostering the adoption of this technology. The Europe region, which is attributed to well-established healthcare systems and high awareness levels regarding hypertension management, shows a significant adoption of wearable blood pressure monitors. Middle Eastern countries are witnessing a surge in demand for wearable blood pressure monitors owing to lifestyle changes and increased healthcare investments, whereas Africa's market is showing potential growth opportunities, propelled by rising healthcare standards and a growing elderly population. APAC region is emerging as the fastest-growing market for wearable blood pressure monitors globally. Countries including China, Japan, and South Korea are at the forefront, benefiting from technological advancements, increasing disposable incomes, and governmental support for healthcare infrastructure development. Additionally, the region's large population base and growing awareness regarding hypertension management are significantly contributing to market expansion.
The FPNV Positioning Matrix is pivotal in evaluating the Wearable Blood Pressure Monitor Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Wearable Blood Pressure Monitor Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Sky Labs, Maker of Ring-Type BP monitor, Bags USD 15M Series C Funding
South Korean health tech startup Sky Labs has secured a Series C investment amounting to 20.7 billion WON (USD 15.3 million), led by the Korea Development Bank, with participation from K2 Investment Partners, Devsisters Ventures, SJG Partners, and OpenWater Investment, elevating its total funding to 54.8 billion WON (USD 40.5 million). Having previously introduced technology for atrial fibrillation detection and subsequently enhancing its device with oxygen saturation and blood pressure measurement features, the recent funding aims to fuel clinical research to meet the stringent standards of hypertension societies and regulators, thereby accelerating market entry and establishing strategic marketing and distribution collaborations. [Published On: 2023-10-17]
Withings Health Solutions and Validic Partner on New Integration of Best-In-Class Cellular Smart Scales and Blood Pressure Monitors
Withings Health Solutions has partnered with Validic's healthcare IoT platform, leveraging Withings' pioneering cellular devices. This collaboration unites Withings' expertise in designing patient-centric, high-engagement connected health devices with Validic's extensive ecosystem, which streams vital health data from over 570 health and wearable devices. This integration notably introduces the Withings Body Pro and BPM Connect Pro into Validic's repertoire, equipping healthcare professionals with real-time, reliable patient-generated health data. [Published On: 2023-09-10]
Rockley Photonics Completes Trials of Wearable Blood Pressure Monitor
Rockley Photonics has unveiled positive results from two Institutional Review Board (IRB)-approved trials, advancing the Alpha device towards commercialization. Following an initial pilot study in 2022, the most recent trials have showcased the device's effectiveness in monitoring blood pressure. One study involving 30 subjects demonstrated the device's ability to track blood pressure changes accurately within the range of -10 mmHg to +25 mmHg, adhering to FDA-recognized consensus standards, ISO 81060-2, and IEEE 1708, using Rockley's unique laser-based signal alongside a single-point calibration. Another longitudinal study assessed the device's precision over multiple visits up to 34 days, revealing its potential to meet the same respected accuracy standards, even amidst challenges like device placement variability. [Published On: 2023-08-16]
The report delves into recent significant developments in the Wearable Blood Pressure Monitor Market, highlighting leading vendors and their innovative profiles. These include Aktiia SA, Apple Inc., Asia Connection Co., Ltd., Beurer GmbH, Charmcare Co., Ltd., ChroniSense Medical, Ltd., Cofoe Medical Technology Co., Ltd., ForaCare Suisse AG, Garmin Ltd., General Electric Company, Google LLC by Alphabet Inc., Guangdong Transtek Medical Electronics Co., Ltd., Huawei Technologies Co., Ltd., ICU Medical, Inc., iHealth Labs Inc., Koninklijke Philips N.V., Koogeek Inc., LAICA S.p.A., Medline Industries, LP, Nokia Corporation, OMRON Corporation, Pyle Audio, Qardio, Inc., Saif Care, Samsung Electronics Co., Ltd., Sara Healthcare Pvt. Ltd., and Xiaomi Corporation.
This research report categorizes the Wearable Blood Pressure Monitor Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Measurement
- Arterial Tonometry
- Oscillometric Method
- Pulse Transit Time Method
- Use
- Arm
- Wrist
- Component
- Battery
- Bluetooth IC
- Display
- Memory
- Processor
- Sensor
- Indication
- Hypertension
- Hypotension
- Irregular Heart Beat
- Distribution Channel
- Offline Mode
- Hypermarkets
- Pharmacies
- Online Mode
- Offline Mode
- Application
- Home Healthcare
- Remote Patient Monitoring
- Sports & Fitness
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Wearable Blood Pressure Monitor Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Wearable Blood Pressure Monitor Market?
- What are the technology trends and regulatory frameworks in the Wearable Blood Pressure Monitor Market?
- What is the market share of the leading vendors in the Wearable Blood Pressure Monitor Market?
- Which modes and strategic moves are suitable for entering the Wearable Blood Pressure Monitor Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Wearable Blood Pressure Monitor Market, by Measurement
- Wearable Blood Pressure Monitor Market, by Use
- Wearable Blood Pressure Monitor Market, by Component
- Wearable Blood Pressure Monitor Market, by Indication
- Wearable Blood Pressure Monitor Market, by Distribution Channel
- Wearable Blood Pressure Monitor Market, by Application
- Americas Wearable Blood Pressure Monitor Market
- Asia-Pacific Wearable Blood Pressure Monitor Market
- Europe, Middle East & Africa Wearable Blood Pressure Monitor Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 28]
- List of Tables [Total: 646]
- List of Companies Mentioned [Total: 27]
Wearable BP monitors are portable, user-friendly, and provide real-time readings, making them more convenient than traditional BP monitoring devices. Unlike traditional BP monitors, wearable ones are small, lightweight, and can be worn discreetly on the wrist, upper arm, or finger. They use sensors to detect blood pressure and heart rate and store data in the cloud or smartphone applications, enabling users to track their readings and progress over time.
Wearable blood pressure monitors also offer alerts such as notifications for abnormal BP readings, irregular heartbeat, medication reminders, and encourage users to seek medical attention. These reminders can help users stay on track with their medication regimen, preventing complications from uncontrolled hypertension.
However, wearable BP monitors have some limitations. Accuracy is a significant concern in wearable BP monitoring devices, and the readings may differ from traditional BP monitors. Body position, movement, and ambient temperature can affect blood pressure readings.
Wearable blood pressure monitors' scope is broad, and users who could benefit include hypertensive patients who require frequent blood pressure monitoring, people who work in high-stress environments, and fitness enthusiasts who want to monitor their blood pressure during workouts.
Wearable blood pressure monitors are a promising technological advancement in health monitoring. While they offer convenience, portability, and customizable features, accuracy remains an issue and may not be suitable for all users. Nonetheless, their potential for monitoring BP anywhere, anytime, has made them a popular addition to health-conscious individuals wishing to take control of their health. Future developments in this field may address concerns about accuracy and make wearable BP monitors a more reliable and accurate option for hypertension patients and the general population.
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