Rising Prevalence of Hypertension and Chronic Diseases Boosts Market Prospects
The global blood pressure monitoring devices market, valued at US$ 1.5 billion in 2020, is expected to witness a CAGR of 9.2% during the forecast period. The World Health Organization reports a staggering 1.28 billion adults worldwide with hypertension, emphasizing the need for early diagnosis and monitoring. Additionally, the increasing prevalence of diabetes, which claimed over 1.4 million lives in 2019, further contributes to the demand for frequent monitoring, presenting substantial growth opportunities for blood pressure monitoring devices.
Get Free Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82879
Technological Advancements and Government Initiatives Drive Market Expansion
Technological innovations in blood pressure monitoring devices, such as heart rhythm monitoring, color-coded indicators, and Bluetooth connectivity, are enhancing growth opportunities. The miniaturization of these devices, particularly wearable options, has led to increased adoption. Moreover, government initiatives globally, like the India Hypertension Control Initiative and Million Hearts in the U.S., are propelling preventive healthcare programs, fostering the demand for blood pressure monitoring devices.