Global Wearable Blood Pressure Monitor Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Wearable Blood Pressure Monitor Market Report by The Business Research Company covers wearable blood pressure monitor market drivers and restraints, wearable blood pressure monitor market size, major players, and the impact of COVID-19 on the wearable blood pressure monitor market.
The wearable blood pressure monitors market consists of the sale of wearable blood pressure monitors and related services. The market comprises of revenue generated by business enterprises that manufacture, develop and sell wearable blood pressure monitors. Wearable blood pressure monitors are devices that continuously monitor blood pressure even during activities like exercises, sleep, etc. using technology that is connected to the person’s body. The data is stored and analyzed through an app.
Increased demand for patient monitoring devices is expected to drive the wearable blood pressure monitors market. The increasing prevalence of chronic diseases coupled with rise in surgeries that need continuous monitoring have mainly increased the demand for patient monitoring devices.
The global wearable blood pressure monitors market is expected grow from $0.86 billion in 2020 to $1 billion in 2021 at a compound annual growth rate (CAGR) of 16.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The wearable blood pressure monitors market is expected to reach $1.8 billion in 2025 at a CAGR of 16%.
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Some wearable blood pressure monitor market trends include the increasing use of wearable technologies for healthcare services; the need for evaluating the accuracy and the precision of these health trackers has increased in recent years. Studies showed that the wearable technologies lack accuracy and precision which is likely to impact the market growth. There are growing concerns regarding the accuracy of wearables. Accuracy is very much important for some health conditions. Hypertension patients use wearable blood pressure monitors as their medications and treatment plans are based on the blood pressure readings. Any wrong reading could be lethal.
Global wearable blood pressure monitor market segments include:
1) By Product: Wrist Blood Pressure Monitor, Upper Arm Blood Pressure Monitor, Finger Blood Pressure Monitor.
2) By Technology: Wi-Fi Based, Bluetooth Based.
3) By Application: Hospital, Clinic, Home Care Settings, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Wearable Blood Pressure Monitors Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides wearable blood pressure monitor market overviews, analyzes and forecasts market size, share, wearable blood pressure monitor market players, wearable blood pressure monitor market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The wearable blood pressure monitor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Wearable Blood Pressure Monitors Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Blipcare, GE Healthcare, ForaCare Suisse, Omron, Xiaomi, Philips, Medaval, Qardio, Smiths Group, Tarilian Laser Technologies.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Wearable Blood Pressure Monitor Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Wearable Blood Pressure Monitor Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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