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Global Wearable Blood Pressure Monitor Market is estimated to be USD 3771.52 billion by 2026 from USD 1405.83 billion in 2019, at a CAGR of 15.14 % from 2020 to 2026. The demand for patient monitoring devices is increasing due to a rise in the prevalence of chronic diseases and an increase in surgeries that need continuous monitoring. Additionally, due to the growing awareness about healthy routine and fitness, individuals are interested in frequent health checkups to prevent deterioration in health condition. Mobiles and Wearable & portable devices are gaining popularity as they enable the wireless transmission of patient details and secure handling. New technologies such as mHealth, which help in treatment & medication compliance for patients in chronic disease management, are expected to fuel the market development. It helps track the patient's health details, medication schedule, and follow up for the treatment. These associated benefits are some of the factors expected to propel growth.
Global Wearable Blood Pressure Monitor Market: Market Outlook and Trends
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. Wearable blood pressure monitors are accessible in three basic forms: upper arm blood pressure monitor, wrist blood pressure monitor, and finger blood pressure monitor. 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.
Increasing occurrence of hypertension and cardiac diseases, the surge in healthcare spending and the rise in adoption of wireless and wearable technology propel the development of wearable blood pressure monitors. Multiple kinds of wearable blood pressure monitors, including wireless upper arm monitors, bulky wrist monitors, and newly FDA approved watch types of blood pressure monitors. With advancements in technology, the acceptance of such wearable blood pressure monitors is expected to rise during the projection period, thereby motivating a significant growth of the wearable blood pressure monitor market.
However, high cost of wearable blood pressure monitors, lack of precision in comparison to conventional devices, and compatibility issues with other tools are some of the factors that may impede the development of the wearable blood pressure monitor market.