Smart Blood Pressure Monitors market insights
The smart blood pressure monitors market is estimated to witness a significant growth of CAGR 9.8% during the forecast period (2020-2026). A smart blood pressure monitor is a small portable, accurate, and user-friendly blood pressure measuring device which can prevent hours of waiting at a doctor’s clinic. Key factors responsible for the market growth are pre-dominant change in lifestyle which leads to bringing huge increments in chronic diseases like hypertension, obesity, cardiovascular disease, diabetes, and others. The growing geriatric patient population in the Asia Pacific region, advancement in technology such as BP monitoring system based on mobiles & apps, and digital sphygmomanometer, and improved distributors & manufacturers market penetration capabilities are the other market fuelling factors. Due to the impact of the COVID-19 pandemic, patients are more inclined towards smart wireless, cheap, accurate, user friendly, and at home based portable blood pressure devices. As per the latest WHO report of 2019, it is estimated that every third person in the US is likely to have BP related diseases. Moreover, it has also been analyzed that ~1.15 billion people will be suffering from hypertension by 2029.
Smart Blood Pressure Monitors Market: By Type of Components
Based on the type of components, the market is segmented into smart BP monitoring devices, Smart integrated phone devices, and accessories. Smart BP monitoring devices are the fastest-growing leader of the market due to wearable technology advancement and demand for products is the key fuelling factor of their growth. The phone integrated BP monitor is subcategorized into iOS and android-based system. Out of two, the iOS market is expected to overpower the global market, while the android apps segment will witness a higher CAGR than iOS during 2020-2026. The higher CAGR of the android apps segment is mainly due to increasing production and marketing of low-cost android phones by manufacturers across both, developed and developing nations. Hence this factor gets directly proportional to the increasing number of app users during the forecast period.
Smart Blood Pressure Monitors Market: By Type of Application
Based on the application type, the market is segmented into single-use monitors and multiple-use monitors. Earlier companies used to provide a single-user BP monitoring system that could analyze data of only one user. But due to the advanced technology, the demand for multi-use and cost-effective devices has increased lately. Hence the multi-use BP monitoring system will be the fastest-growing application segment in the market.
Smart Blood Pressure Monitors Market: By Type
Based on product type, upper arm bp monitors, wrist bp monitors, and finger bp monitors are the divisions of the market. Out of all, upper arm BP monitors are considered to be more accurate in terms of result, economically scalable, high distributor channels, consumer preference are the key drivers of its market as stated by American Heart Associations. Wrist BP monitors are not considered as accurate as Upper Arm BP Monitors as there are a lot of rooms for error hence protocol needs to be followed with full precision. Finger BP monitors are more users friendly and more portable than the above two but are not accurate in comparison with others.
Smart Blood Pressure Monitors Market: By Connectivity
Based on connectivity, the market is segmented into Wi-Fi and Bluetooth based devices. Companies like Withing’s and Omron’s launch Wi-Fi-based monitoring devices in which a person is a single touch away from his BP analyses and can immediately consult their doctor. No requirement of a smartphone during or after the measurement which has lead to increasing demand for such devices. However, monitors depended on Bluetooth need continuous smartphone support and there is no way to transfer data into a computer or app hence a patient has to visit a doctor for analysis of the report. Therefore, Wi-Fi-based monitors are leading the market dynamics due to user-friendliness, instant result analysis.
Smart Blood Pressure Monitors Market- By Type of End-User
On the user basis, the BP monitor is segmented into hospital & surgical centers, physician office & specialty centers, diagnostic laboratories, home health setup, and research organizations. Home Health set-ups are the leading market drivers, the cost-effectiveness of this alternate option, wearable technology with mobility, and inclination towards independent living are key drivers of its market.
Smart Blood Pressure Monitors Market: By Region
Based on the region, the market is segmented into North America, Asia-Pacific, Europe, Middle East, and Africa, and Central & South America. North America is expected to dominate the market during the forecast period as they provide products at higher costs and patient's inclination towards home-based monitors are the key drivers of there market. Asia Pacific is the fastest-growing region in the smart BP monitoring market due to the large geriatric population who are compelled to use these smart products. Factors like the growing patient population and affordability of these devices are also expected to pose an opportunity for growth in the APAC region.
Smart Blood Pressure Monitors Market Share and Competitive Landscape
The key players operating in the market are Withings, Qardio.Inc., Omron Corporation, Blipcare, Kinetik Medical Devices Ltd, Pyle Audio, iHealth Labs Inc., Greater Goods, ASUSTeK Computer Inc, A&D Company, Lakmus, Beurer, Auto Control Médical, Dr.Morepen, Smart Care, Dr. Trust, Care Touch, Koogeek Inc., Duronic, Rite Aid Corp, Braun, Duronic, MicroLife Corporation, iProven, LAICA S.p.A., Shanghai Medical Corporation, GOQii, Pur-Well, Renesas Electronics Corporation, Koninklijke Philips N.V, ForaCare Suisse AG, Xiaomi, Inventum Huishoudelijke Apparaten B.V, Nokia Corporation and among others.
Please note: This is not an exhaustive list of companies profiled in the report.
By the end of 2020, OMRON will launch a new digital service- OMRON connect 2.0, which is a mobile app that will provide expanded health insights, incentives for behavioral change, and real-time coaching.
Check the Press Release on Smart Blood Pressure Monitors Market Report
Blood Pressure Monitors Market: By Type of Continuity
- Introduction
- Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- Wi-Fi
- Wi-Fi: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Bluetooth
- Bluetooth: Blood Pressure Monitors Market, 2019-2026 (USD Million)
Blood Pressure Monitors Market: By Type of Components
- Introduction
- Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- Smart Integrated Phone Apps
- Smart Integrated Phone Apps: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- iOS: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Android: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Smart BP Monitoring Device
- Smart BP Monitoring Device: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Accessories
- Accessories: Blood Pressure Monitors Market, 2019-2026 (USD Million)
Blood Pressure Monitors Market: By Type of Product
- Introduction
- Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- Upper Arm BP Monitors
- Upper Arm BP Monitors: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Wrist BP Monitors
- Wrist BP Monitors: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Finger BP Monitors
- Finger BP Monitors: Blood Pressure Monitors Market, 2019-2026 (USD Million)
Blood Pressure Monitors Market: By End-User
- Introduction
- Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- Hospitals & Surgical Centers
- Hospitals & Surgical Centers: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Physician Office & Specialty Centers
- Home Settings: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Diagnostic Laboratories
- Diagnostic Laboratories: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Home Healthcare Setup
- Home Healthcare Setup: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Research Organizations
- Research Organizations: Blood Pressure Monitors Market, 2019-2026 (USD Million)
Blood Pressure Monitors Market: By Type of Application
- Introduction
- Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Single Use BP Monitors
- Single Use BP Monitors: Blood Pressure Monitors Market, 2019-2026 (USD Million)
- Multiple Use BP Monitors
- Multiple Use BP Monitors: Blood Pressure Monitors Market, 2019-2026 (USD Million)
Blood Pressure Monitors Market: By Region
- Introduction
- Global Blood Pressure Monitors Market, Regional Analysis, 2019-2026 (USD Million)
- North America
- North America Blood Pressure Monitors Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Continuity
- North America Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- North America Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- North America Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- North America Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- North America Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- By Country
- U.S
- By Type of Continuity
- U.S Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- U.S Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- U.S Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- U.S Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- U.S Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Canada.
- By Type of Continuity
- Canada Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Canada Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Canada Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Canada Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Canada Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Mexico
- By Type of Continuity
- Mexico Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Mexico Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Mexico Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Mexico Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Mexico Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Europe
- Europe Blood Pressure Monitors Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Continuity
- Europe Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Europe Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Europe Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Europe Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Europe Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- By Country
- Germany
- By Type of Continuity
- Germany Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Germany Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Germany Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Germany Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Germany Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- UK
- By Type of Continuity
- UK Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- UK Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- UK Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- UK Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- UK Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- France
- By Type of Continuity
- France Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- France Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- France Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- France Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- France Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Italy
- By Type of Continuity
- Italy Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Italy Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Italy Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Italy Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Italy Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Rest Of Europe
- By Type of Continuity
- Rest Of Europe Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Rest Of Europe Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Rest Of Europe Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Rest Of Europe Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Rest Of Europe Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Asia Pacific
- Asia Pacific Blood Pressure Monitors Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Continuity
- Asia Pacific Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Asia Pacific Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Asia Pacific Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Asia Pacific Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Asia Pacific Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- By Country
- China
- By Type of Continuity
- China Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- China Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- China Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- China Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- China Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Japan
- By Type of Continuity
- Japan Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Japan Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Japan Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Japan Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Japan Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- India
- By Type of Continuity
- India Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- India Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- India Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- India Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- India Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Central & South America
- Central & South America Blood Pressure Monitors Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Continuity
- Central & South America Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Central & South America Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Central & South America Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Central & South America Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Central & South America Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- By Country
- Brazil
- By Type of Continuity
- Brazil Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Brazil Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Brazil Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Brazil Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Brazil Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Blood Pressure Monitors Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Continuity
- Middle East & Africa Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Middle East & Africa Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Middle East & Africa Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Middle East & Africa Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Middle East & Africa Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- By Country
- Saudi Arabia
- By Type of Continuity
- Saudi Arabia Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- Saudi Arabia Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- Saudi Arabia Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- Saudi Arabia Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- Saudi Arabia Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
- UAE
- By Type of Continuity
- UAE Blood Pressure Monitors Market, By Type of Continuity, 2019-2026 (USD Million)
- By Type of Components
- UAE Blood Pressure Monitors Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Product
- UAE Blood Pressure Monitors Market, By Type of Product, 2019-2026 (USD Million)
- By End-User
- UAE Blood Pressure Monitors Market, By End-User, 2019-2026 (USD Million)
- By Type of Application
- UAE Blood Pressure Monitors Market, By Type of Application, 2019-2026 (USD Million)
The global Smart Blood Pressure Monitors Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Smart Blood Pressure Monitors Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.