The pressure monitoring market size is projected to grow from US$ 7.85 billion in 2022 to US$ 11.75 billion by 2030; it is projected to record a CAGR of 5.2% during 2022–2030.

Market Insights and Analyst View:

Pressure monitoring is essential for assessing general health and detecting various health issues and conditions. The prevalence of various chronic and acute illnesses has resulted in the development of advanced pressure monitoring technology. The surge in demand for pressure monitors is attributed to the rise in the number of cases of glaucoma and brain injuries around the world. Additionally, there is a high prevalence of hypertension (high blood pressure) due to changes in lifestyle, unhealthy eating, smoking, and tobacco consumption. Moreover, market players are introducing compact and user-friendly pressure monitors and organ-specific pressure monitors to meet the developing demand for remote monitoring and ambulatory care services. The demand for pressure monitors significantly increased during the COVID-19 pandemic due to the growing cases of lung infections and elevated blood pressure, as well as the rise in the adoption of remote monitoring as a result of social distancing standards and travel restrictions. Blood pressure monitors, pulmonary pressure monitors, and intracranial pressure monitors are some of the most widely used pressure monitors.

Growth Drivers:

Cardiac disorders usually lead to pressure fluctuations among people. High blood pressure is the most common problem amongst such a group of individuals. According to a report by the Pan American Health Organization, over 30% of the adult population (more than one billion people) globally were affected by hypertension in 2020. The World Health Organization (WHO) recorded ~7.5 million deaths due to hypertension, representing 12.8% of all deaths. Risk factors causing hypertension include unhealthy diets, physical inactivity, tobacco and alcohol consumption, and overweight/obesity. As per the WHO, in 2021, an estimated 1.28 billion people aged 30-79 years across the globe were suffering from hypertension, with most of them living in low- and middle-income countries. In addition, as per Centers for Disease Control and Prevention data, in 2020, more than 670,000 deaths in the US were due to hypertension as a primary cause. Moreover, the demand for pressure monitors, such as blood pressure monitors, is very high due to the increasing geriatric population and growing risk of lifestyle-associated disorders among a wide population due to the growing incidences of obesity & sedentary lifestyle. An unhealthy lifestyle results in a high prevalence of cardiac diseases. Thus, to reduce the mortality rate due to such conditions, there is a growing need for pressure monitoring products that enable rapid examination. Omron EVOLV is a wireless and portable upper arm blood pressure monitoring device introduced by Omron Healthcare, Inc. Hence, the rising incidence and deaths due to hypertension, leading to cardiac disorder, is driving the growth of the pressure monitoring market during the forecast period. 

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Pressure Monitoring Market: Strategic Insights

Pressure Monitoring Market

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  CAGR (2023 - 2031)

  5.20%
• Market Size 2023
  US$ 8.26 Billion
• Market Size 2031
  US$ 12.39 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Smiths Group plc.
• Koninklijke Philips N.V.
• Medtronic
• General Electric Company
• SunTech Medical, Inc.
• Rudolf Riester GmbH
• Uscom
• Welch Allyn
• Nonin Medical Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product

• Blood Pressure Monitors
• Pulmonary Pressure Monitors
• Intracranial Pressure Monitors
• Intraocular Pressure Monitors
• Accessories
• Other Pressure Monitoring Devices

Procedure

• Noninvasive and Invasive

Application

• Respiratory Disorders
• Cardiac Disorders
• Glaucoma
• Neurological Disorders
• Others

End User

• Hospitals
• Home Care
• Ambulatory Surgical Centers & Clinics
• Diagnostic Laboratories

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Report Segmentation and Scope:

The global pressure monitoring market is segmented on the basis of product, procedure, application, end user, and geography. Based on the product, the market is segmented into blood pressure monitors, pulmonary pressure monitors, intracranial pressure monitors, intraocular pressure monitors, accessories, and other pressure monitoring devices. Based on procedure, the market is bifurcated into noninvasive and invasive. Based on application, the market is categorized into respiratory disorders, cardiac disorders, glaucoma, neurological disorders, and others. In terms of end users, the pressure monitoring market is categorized into hospitals, home care, ambulatory surgical centers & clinics, and diagnostic laboratories. The pressure monitoring market, based on geography, is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

Segmental Analysis:

The pressure monitoring market, by product, is segmented into blood pressure monitors, pulmonary pressure monitors, intracranial pressure monitors, intraocular pressure monitors, accessories, and other pressure monitoring devices. The blood pressure monitors segment held a significant share of the market in 2022 owing to the rising incidence of hypertension and blood pressure fluctuations, the rapid development of blood pressure monitoring systems, the accessibility of small, accurate, wearable devices, and the widespread use of ambulatory blood pressure monitoring in ambulatory care and home care settings. Hypertension is a serious medical condition that poor eating habits, inactivity, obesity, diabetes, and excessive tobacco use can cause. The market has witnessed technological innovations such as wearable BP monitors that can be connected to smartphone applications. For instance, Philips Healthcare introduced the Upper Arm BP monitor, which aids in tracking BP and heart rate while connecting to the Philips HealthSuite Health app.

The pressure monitoring market is bifurcated into noninvasive and invasive based on the procedure. The noninvasive segment held a significant market share in 2022 due to the widespread use of noninvasive pressure monitors. In addition, individuals prefer noninvasive diagnostic methods in order to obtain fast results and prevent consequences. The Capnostream 35 Portable Respiratory Monitor, developed by Medtronic, aids in the noninvasive, real-time monitoring of respiratory status parameters such as pulse rate, respiration rate, and SpO2. However, the invasive segment is projected to witness a significant CAGR during the forecast period.

Based on application, the pressure monitoring market is segmented into respiratory disorders, cardiac disorders, glaucoma, neurological disorders, and others. The cardiac disorders segment held a significant market share in 2022. Hypertension is one of the major issues faced by people with cardiac disorders. These groups of people are likely to generate huge demand for pressure monitoring devices, such as BP monitoring devices. However, the respiratory disorders segment is expected to register the fastest CAGR of the market during 2022–2030 due to the growing prevalence of respiratory diseases, accessibility of innovative pulmonary pressure monitors, rising demand for pulmonary pressure monitors such as oximeters and spirometers, and rapid increase in the production of enhanced and compact pulmonary pressure monitors due to COVID-19 pandemic globally.

Based on end users, the pressure monitoring market is classified into hospitals, home care, ambulatory surgical centers & clinics, and diagnostic laboratories. The hospitals segment held a significant market share in 2022. Hospitals account for the largest share due to rising incidences of chronic and acute diseases, upgrading healthcare infrastructure, and rising awareness about routine checkups. In addition, the availability of the latest pressure monitoring devices and highly skilled healthcare professionals also favors the segment's growth. ICP monitors are employed in hospitals to examine neurological issues due to brain injury. Healthcare specialists also use pulmonary pressure monitors, and BP monitors as a part of any ongoing treatment in hospitals.

Regional Analysis:

Based on geography, the pressure monitoring market is primarily divided into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. North America captured a significant share of the global market in 2022. The pressure monitoring market growth in North America is attributed to the increasing incidence of heart diseases or cardiac diseases, the presence of well-developed healthcare infrastructure, and increasing product development as well as technological advancements. In 2022, the US held the region's largest market share. According to the Centers for Disease Control and Prevention (CDC), heart disease is the foremost cause of death for men and women in the US. Likewise, the CDC September 2021 report stated that ~6.5 million people aged 40 and above in the US have peripheral arterial disease. According to the American Heart Association, almost 697,000 people in the country died due to heart disease in 2020, i.e., one in every five deaths. Also, per the National Center for Health Statistics, ~695,000 people in the country died from heart disease in 2021.

Heart disease is the second major cause of death after cancer in Canada. According to Statista, the rate of death due to heart disease rose from 180 Canadian people to 100,000 dying of heart disease in 2019 to 247 out of every 100,000 people dying from it in the country. According to the Canadian Chronic Disease Surveillance System, about 1 in 12 (2.6 million people) Canadian adults aged 20 and above live with diagnosed heart disease.

The increasing rates of heart diseases in the US have been attributed to the escalating prevalence of risk factors such as hypertension, high cholesterol levels, obesity, diabetes, and smoking. Heart disease costs the US about US$ 219 billion annually. This total cost includes the cost of health care services, medications, and premature death. Coronary heart disease is the most common heart disease that caused ~375,476 deaths in 2021. Also, the treatment of coronary artery disease costs more than US$ 100 billion annually.

Further, the increasing market players' strategies in this region to introduce innovative and technologically advanced pressure monitoring tests and devices are expected to contribute to the market's growth. In February 2022, InBody launched the new BP 170 automatic blood pressure monitor. The device allows individuals to self-record and track key health metrics at home, favoring the adoption of home blood pressure monitoring. Therefore, the above-mentioned factors are expected to contribute to the market growth in the region.

Industry Developments and Future Opportunities: 

Various initiatives taken by key players operating in the global blood pressure monitoring market are listed below:

• In January 2022, OMRON Healthcare, Inc. introduced its new remote patient monitoring services at the 2022 Consumer Electronics Show, along with its connected blood pressure monitors and an advanced mobile app that is designed to support consumers. It helps to expand digital health services to aid consumers on every step of their heart health journey.
• In January 2020, SunTech Medical Inc. entered into a collaboration to jointly develop new blood pressure measurement solutions that enhance patient safety.

Competitive Landscape and Key Companies:

Some of the leading players operating in the pressure monitoring market are GE Healthcare, SunTech Medical Inc., ICU Medical, Abbott, Koninklijke Philips NV, Medtronic, OMRON Healthcare Inc., Welch Allyn, Inc. (Hill-Rom), Becton, Dickinson and Company, and Rudolf Riester GmbH. These companies focus on introducing new high-tech products, advancements in existing products, and geographic expansions to meet the rising consumer demand worldwide. Blood pressure monitoring devices market companies emphasize various growth strategies such as collaboration, product launches, expansions, and agreements, among others, to retain their position in the global market and increase their product range in specialty portfolios. They have a widespread global presence, which favors them to serve a large set of consumers and subsequently increases their pressure monitoring market share.

Pressure Monitoring Market Report Scope

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