SPHYGMOMANOMETER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Sphygmomanometer Market Size and Trends

Global sphygmomanometer market is estimated to be valued at USD 3.92 Bn in 2024 and is expected to reach USD 7.20 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

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Global sphygmomanometer market is expected to witness positive growth over the forecast period owing to increasing prevalence of hypertension across the globe. According to the World Health Organization (WHO)’s Press Release published in August 2021, the number of persons aged 30-79 years with hypertension has increased from 650 million to 1.28 billion in the previous 30 years,. Growing geriatric population susceptible to blood pressure issues is further expected to boost its demand. Additionally, technological advancements in sphygmomanometers including integration of Bluetooth and WiFi in devices for remote monitoring will support the market expansion through 2031. However, availability of alternative blood pressure monitors can hamper growth of sphygmomanometer market during the forecast period.

Growing awareness of importance of blood pressure monitoring

With increasing prevalence of hypertension and cardiovascular diseases, awareness about regular blood pressure monitoring has grown significantly among general population worldwide. Hypertension has become one of the major risk factors for heart attacks, strokes, kidney failures and other serious health conditions. Regular monitoring and management of blood pressure levels is considered important to prevent or delay the onset of such diseases. People are now more informed about normal blood pressure ranges and risks of uncontrolled high blood pressure. This has resulted in increased uptake of home blood pressure monitoring devices. Sphygmomanometers offer a convenient and affordable means for self and household BP monitoring. Rising health consciousness and focus on preventive healthcare is driving more customers towards these devices.

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Ageing population globally has become an important demographic and social trend in recent decades. Medical experts warn that risk of hypertension and associated complications increases with older age. At the same time, lifestyle diseases have risen manifold due to changing dietary patterns and more sedentary habits in modern lifestyle. Developed nations already have a significantly older population structure. Even developing countries are witnessing a sharp rise in their geriatric population base as life expectancy increases. This elderly segment of society is more prone to developing age-related health conditions like hypertension. Regular medical supervision and home monitoring is important for effective management. This makes sphygmomanometers an essential healthcare product within this demographic. With greater numbers of elderly worldwide, the demand for self blood pressure monitors is expected to see sustained demand. Manufacturers are accordingly developing more user-friendly products tailored for the senior population.