The rising prevalence of hypertension and cardiovascular
diseases across the globe is projected to drive the global cuffless
blood pressure monitor market's growth during the forecast period.
The North America region is
predicted to witness prominent growth by 2032.
PORTLAND, Ore., May 13, 2024 /PRNewswire/ -- Allied Market
Research has recently published a report, titled, "Cuffless Blood
Pressure Monitor Market Size, Share, Competitive Landscape and
Trend Analysis Report by Type, by End-use: Global Opportunity
Analysis and Industry Forecast, 2023-2032." According to the
report, the global cuffless blood pressure monitor
market generated $629.1
million in 2022, and is anticipated to generate
$1,379.3 million by 2032,
rising at a CAGR of 8.2% from 2023 to 2032.
Request Sample of the Report on Cuffless Blood Pressure
Monitor Market Forecast -
https://www.alliedmarketresearch.com/request-sample/A323352
Prime Determinants of Growth
The rising demand for non-invasive & continuous blood
pressure monitoring, growing emphasis on preventive healthcare, and
rise in telehealth services are the factors expected to drive the
growth of the global cuffless blood pressure monitor market in the
forecast period from 2023 to 2032. However, manufacturers face
challenges in meeting stringent regulatory requirements concerning
accuracy and safety, imposing complexity and high cost, which may
restrict market growth in the coming future. On the contrary,
technological advancements and the expansion of preventive
healthcare are expected to offer remunerative opportunities for the
expansion of the cuffless blood pressure monitor market during the
forecast period.
Report Coverage & Details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Market Size in
2022
|
$629.1
million
|
Market Size in
2032
|
$1,379.3
million
|
CAGR
|
8.2 %
|
No. of Pages in
Report
|
305
|
Segments
covered
|
Type, End-use, and
Region
|
Drivers
|
Rising prevalence of
cardiovascular disease
Growing emphasis on
preventive healthcare
Rise in telehealth
services
|
Opportunities
|
Technological
advancements
Integration of cuffless
blood pressure monitoring into wearable devices
|
Restraints
|
Regulatory compliance
and safety concerns
|
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https://www.alliedmarketresearch.com/connect-to-analyst/A323352
Type: Wrist-based Glass Sub-segment to Witness Significant
Growth by 2032
The wrist-based sub-segment accounted for the largest global
cuffless blood pressure monitor market share of 63.6% in 2022 and
is expected to hold major share by 2032. The emergence of
wrist-based blood pressure monitors reflects a significant shift in
consumer preferences, favoring convenience and comfort over
traditional cuff-based devices. With their sleek design and
mobility, these monitors offer non-intrusive yet accurate blood
pressure monitoring, aligning well with individuals seeking
streamlined health solutions. Technological advancements have
enhanced their precision, strengthening their status as the
preferred choice for many consumers.
End-use: Home Healthcare Sub-segment to Flourish Immensely
During the Forecast Period
The home healthcare sub-segment held the largest market share of
44.4% in 2022 and is predicted to continue to account for the major
market share during the forecast period. The dominance of cuffless
blood pressure monitors in home healthcare settings reflects a
rising trend toward self-care and proactive health management.
Offering convenience and seamless integration into daily routines,
these monitors foster a holistic approach to wellness. In addition,
the preference for home-based solutions signifies a shift toward
healthcare decentralization, empowering individuals to manage their
health.
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Region: North America Market to Hold Major Market Share by
2032
The North America cuffless
blood pressure monitor market accounted for the largest share of
35.5% in 2022 and is predicted to continue its dominance during the
forecast period. This growth is mainly due to technological
advancements along with growing health awareness and a proactive
approach to preventive healthcare in the region. The cuffless blood
pressure monitor devices offer convenience and accuracy, making
them increasingly preferred in North
America, supported by the region's advanced healthcare
infrastructure and higher purchasing power. Moreover, the growing
investments in R&D to enhance product accuracy and
functionality is driving the regional market growth.
Leading Players in the Cuffless Blood Pressure Monitor
Market:
- Fourth Frontier Technologies LLC
- Equate Health
- A&D Medical
- Blumio
- SOMNOmedics GmbH
- Huawei Device Co. Ltd.
- Omron
- Valencell Inc.
- CardiacSense
- Aktiia
The report provides a detailed analysis of the key players of
the global cuffless blood pressure monitor market. These players
are employing various strategies including launching new products,
entering collaborations, expanding operations, forming joint
ventures, and signing agreements, all aimed at boosting their
market share and securing their competitive position across
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive scenario.
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