Cuffless Blood Pressure Monitor Market - By Type (Wrist-based, Finger-based Monitors, Armband-based Monitors), By End-use (Home Healthcare Settings, Hospitals, Diagnostics Center) – Global Forecast to 2032

Cuffless Blood Pressure Monitor Market - By Type (Wrist-based, Finger-based Monitors, Armband-based Monitors), By End-use (Home Healthcare Settings, Hospitals, Diagnostics Center) – Global Forecast to 2032

Cuffless Blood Pressure Monitor Market Size

Cuffless Blood Pressure Monitor Market size was valued at USD 585.7 million in 2022 and is estimated to register over 10.9% CAGR between 2023 and 2032. Due to the importance of self-monitoring blood pressure and the rising prevalence of cardiac disorders, these monitors are anticipated to be more in demand in the upcoming years.
 

A cuffless blood pressure monitor is a medical device designed to measure a person's blood pressure without the need for an inflatable cuff commonly used in traditional blood pressure monitors. Instead of using the cuff, cuffless monitors utilize innovative technology to measure blood pressure in a non-invasive manner. The usage of cuffless BP monitors is projected to increase significantly in the upcoming years owing to their accuracy, convenience, and self-monitoring abilities.
 

The growing popularity of wearable medical devices including fitness trackers has created a larger market for patient monitoring devices, and cuffless blood pressure monitors have benefited from this trend due to their ability to offer convenient and remote cardiac monitoring. Moreover, individuals can use these devices, such as fitness bands, smartwatches, and activity trackers, to monitor their blood pressure, physical activity, sleep habits, and other health parameters. For instance, according to a survey conducted by ValuePenguin in March 2022, nearly 45% of people in the U.S. wear smartwatches on a regular basis. Therefore, an increasing accessibility and adoption of wearables in health monitoring with new product launches will benefit overall industry growth in coming future.

COVID-19 Impact

The recent outbreak of COVID-19 positively impacted the cuffless blood pressure monitor industry owing to growing awareness and adoption of digital health during the pandemic. As incidence of COVID-19 led to disruptions in healthcare services, vital signs monitoring devices allowed people to track and monitor physical activities along with blood pressure levels and cardiac activities at home settings. These products also aid healthcare professionals to monitor patients remotely. Furthermore, growing focus towards physical fitness as well as psychological concerns such as stress and anxiety during pandemic offered demand for blood pressure monitor. Moreover, internet of things (IoT) technologies in the field have gained significant importance during this period. Need for no-contact diagnosis and monitoring due to the risk of infection stimulated the industry growth potential.
 

Cuffless Blood Pressure Monitor Market Trends

The increased prevalence of hypertension and other cardiovascular disorders, together with the growing demand for non-invasive and continuous blood pressure monitoring, drive growth for cuffless blood pressure monitor’s market. According to the World Health Organization (WHO), high blood pressure is the major cause of cardiovascular illnesses such as strokes and heart disease, that account for 17.9 million deaths per year. Moreover, early detection and monitoring of hypertension is crucial in preventing and managing cardiovascular disorders. Cuffless blood pressure monitors provide a convenient and non-invasive way to measure blood pressure regularly, allowing individuals to track their readings and identify potential issues early. Thus, aforementioned factors are anticipated to accelerate market growth.
 

Cuffless Blood Pressure Monitor Market Analysis

The cuffless blood pressure monitor market by type is categorized into wrist-based, finger-based monitors, armband-based monitors. The wrist-based segment garnered USD 441.8 million revenue size in the year 2022. Wrist-based blood pressure monitors use sensors and algorithms to measure blood pressure and other vital indicators. This technology has become more accurate, dependable, and inexpensive, resulting in a considerable increase in demand for these devices. Wrist-based blood pressure monitors have become popular among fitness enthusiasts, athletes, and those with hypertension due to its ability to assess physical activity and blood pressure in real time. Additionally, the growing adoption of fitness trackers and smartwatches has further contributed to the growth of wrist-based blood pressure monitors.

Based on end-use, the cuffless blood pressure monitor market is segmented into home healthcare, hospitals, diagnostics center, and other healthcare facilities. The home healthcare segment dominated the market and accounted for 42% revenue share in the year 2022 and is anticipated to witness highest growth during the forecast period. Owing to the cost-effectiveness and mobility provided by cuffless BP monitors as a replacement to conventional monitoring approach. The majority of the major manufacturers are targeting the population that prefers self-monitoring of blood pressure from the comfort of their own homes. The fact that the majority of physicians encourage patients to monitor their cardiovascular health is projected to drive market expansion.
 

U.S. cuffless blood pressure monitor market accounted for USD 187.5 million revenue size in 2022 and is predicted to witness substantial business growth over the analysis timeline. Increasing prevalence of hypertension is anticipated to drive the U.S. market growth. According to the American Heart Association, half of the adults aged 20 years and above in the U.S. suffer from high blood pressure, which may lead to stroke, cardiovascular disease, and other health problems. Additionally, prominent industry players are emphasizing commercial expansion, especially in growing markets to widen their customer base and benefit from untapped market potential. Strategic initiatives taken by the firms to bolster their market position and expand product portfolio would render a positive impact on the business expansion.
 

Cuffless Blood Pressure Monitor Market Share

Some of the eminent market participants operating in the cuffless blood pressure monitor market include

• Omron
• CardiacSense
• Valencell, Inc.
• SOMNOmedics GmbH
• Blumio
• Biospectal
• Aktiia
• Equate Health
• Fourth Frontier Technologies LLC
• A&D Medical
• Biobeat Technologies
• Huawei Device Co., Ltd.

These market players are undertaking several growth strategies including partnerships, collaborations, acquisitions & mergers, and new product development & launches to strengthen their product portfolio as well as gain a competitive edge over others.
 

Cuffless Blood Pressure Monitor Industry News

• In July 2022, Huawei introduced the Watch D, the first device worn on the wrist for monitoring blood pressure and ECG, in the UAE. Thus, launch of advanced medical devices is projected to strengthen company’s portfolio.
   
• In January 2021, Aktiia SA introduced a cuffless automated blood pressure monitoring system that offers constant monitoring, even when asleep. Such product developments are anticipated to accelerate company’s market growth.
   

Cuffless blood pressure monitor market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments

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By Type

• Wrist-based
• Finger-based monitors
• Armband-based monitors

By End-use

• Home healthcare
• Hospitals
• Diagnostics center
• Other healthcare facilities

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Switzerland
  • The Netherlands
  • Denmark
  • Poland
  • Sweden
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • New Zealand
  • Thailand
  • Vietnam
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Turkey