The Global Wearable Blood Pressure Monitor Industry is experiencing a surge in popularity, fueled by growing health awareness and continuous technological advancements. According to a recent market study, the market reached a significant value of US$1.8 billion in 2021. This momentum is expected to continue, with projections indicating sales surpassing US$2.1 billion by the end of 2022.
Looking Ahead: A Market on the Rise
The future of the wearable blood pressure monitor market is incredibly promising. Analysts forecast a robust Compound Annual Growth Rate (CAGR) ranging from 15% to 16% from 2022 to 2032. This translates to a staggering market valuation of US$8 billion by the end of the decade, reflecting a potential near fivefold increase.
Future Market Insights (FMI) offers a thorough assessment of the present status of the global wearable blood pressure monitor industry in its most recent research analysis. It covers important topics such as volume, value, production, and consumption. Leveraging insightful analysis, the report delves into demand patterns and future prospects, categorizing the market into various segments based on end uses, regions, and key players.
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Understanding the Impact of Covid-19 on Healthcare Industry
With the pandemic affecting the majority of countries around the world, the healthcare industry is experiencing its fair share of “ups and downs.” The COVID-19 has put a significant strain on the healthcare industry’s workforce, facilities, and infrastructure. Despite the constant pressure, the healthcare sector is growing at a moderate pace as a result of infrastructure improvements and technological advancements. The healthcare sector is delivering a healthy performance.
The latest FMI report on the Wearable Blood Pressure Monitor market provides a detailed analysis of the impact of COVID-19, as well as incisive coverage of the innovative strategies adopted by market players to overcome pandemic challenges.
Critical Questions Answered in the Report
- What are ongoing trends that will shape the market growth curve for the Global Wearable Blood Pressure Monitor Industry?
- What are the drivers and challenges affecting the Wearable Blood Pressure Monitor market demand?
- What are the recent technological advancements in the Global Wearable Blood Pressure Monitor Industry?
- What are key trends and opportunities that will prevail in the revenue growth of Wearable Blood Pressure Monitor market players?
- How will evolving regulatory policies impact market growth?
- What is the impact of COVID-19 on the Global Wearable Blood Pressure Monitor Industry?
Global Wearable Blood Pressure Monitor Industry players
- OMRON Corporation
- Pyle Audio
- Blipcare
- Koninklijke Philips N.V.
- Nokia Corporation,
- ForaCare Suisse AG
- Qardio, Inc.
- iHealth Labs Inc.
- Koogeek Inc.
- Inventum Huishoudelijke Apparaten B.V.
- Xiaomi, Medaval Ltd.
- Others
Global Wearable Blood Pressure Monitor Industry: Segmentation
By Product Type:
- Wrist Blood Pressure Monitor
- Upper Arm Blood Pressure Monitor
- Finger Blood Pressure Monitor
By Connecting Technology:
- WiFi Based
- Bluetooth Based
By Indication:
- Hypotension
- Hypertension
- Irregular Heart Beat
By Measurement Type:
- Oscillometric Method
- Arterial Tonometry
- Pulse Transit Time Method
By End User:
- Hospital
- Clinic
- Ambulatory Care
- Home Care Settings
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia-Pacific Excluding China and Japan
- China
- Japan
- Middle East and Africa
Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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- We provide authentic and detailed market trends analysis to help businesses make informed and beneficial decisions in order to gain a competitive advantage over key players.
- Our analysts provide detailed market segmentation, as well as meaningful insights and comprehensive reports that other companies do not.
- The report includes an accurate market analysis as well as current developing trends affecting growth. FMI consults with a wide range of stakeholders, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the information gathered comes from highly reliable sources.
Why Future Market Insights?
- Comprehensive analysis of evolving purchase patterns across different geographies
- Detailed insights of market segments and sub-segments for historical as well as forecast period
- A competitive analysis of prominent players and emerging players in the Global Wearable Blood Pressure Monitor Industry
- Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years
- Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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