It would be nearly impossible to cover all of the factors driving the blood pressure market. I am touching on this topic since we have socially found ourselves in the time of the year of the holiday season and eating, drinking, smoking, dancing, traveling, and other behaviors that may deliver pleasure all have an impact on blood pressure. This is especially true for those people that have borderline blood pressure concerns or who have hypertension (high blood pressure). Emergen Research (November 22, 2022) attributes the market revenue growth driven by a number of factors but the major ones are the rising burden of cardiovascular disorders, technological advancements and a rapidly increasing aging population.
Not only is the blood pressure market a concern in the United States but all over the world. The surge in healthcare expenditure in emerging economies, and new blood pressure surveillance tools has helped in early diagnosis and controls. Emergen Research (November 22, 2022) reports that “hypertension is the most widespread chronic condition, affecting 108 million (45%) American adults and 1.4 billion (31%) people worldwide. With long-term symptoms including cerebrovascular, cardiovascular, and kidney illness.”
Unfortunately, even with effective antihypertensive medications, high blood disease remains the silent killer. Too many people especially the black and brown populations remains underdiagnosed and untreated. The general population of all people in the United States is about 11 million hypertensive patients unaware of their ailment and 50% of those aware of above-recommended blood pressure levels (Emergen Research, November 22, 2022). Growth Plus Reports (September 5, 2022) that with the influence of the pandemic virtual care has increased significantly.
Home blood pressure monitors have increased and monitoring blood pressure on a daily basis can help to prevent health concerns like heart problems and stroke. Measuring blood pressure 24 hours a day is becoming more common place at home more than ever before. Smartphones and smartwatches are providing sensory data more and more. Growth Plus Reports (September 5, 2022) reports that the market in Asia Pacific accounted for moderate revenue share in 2021. Unfortunately, hypertension accounts for one-fourth of all deaths in China. The United States is not alone, the government of China has set goals to prevent and control hypertension, and the China CDC and other professional public health institutions have undertaken several related initiatives. China CDC has implemented several hypertension-related programs, highlighting the promoting weight loss, salt reduction, and increased physical activity.
In addition, China CDC has established and constructed national demonstration sites for the comprehensive prevention and treatment of chronic diseases. Market Watch (November 16, 2022) reports the future of the USA market, China Market, and the Europe Market for Wired Blood Pressure Monitoring will increase significantly. The compound annual growth rate (CAGR) % during the forecast period of 2023 through 2028 will increase. Investopedia. (2022) “The compound annual growth rate (CAGR) is the rate of return (RoR) that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested at the end of each period of the investment’s life span.” It is the rate at which an investment would have grown if it had grown at the same rate every year and the profits were reinvested at the end of each year. The Narrative Matters!
References:
Emergen Research. (November 22, 2022). Blood Pressure Market Size to Reach USD 5.13 Billion by 2030; Industry Compound Annual Growth Rate of 11.5%. Blood Pressure Market Size to Reach USD 5.13 Billion by 2030; Industry Compound Annual Growth Rate of 11.5% – World News Report – EIN Presswire (einnews.com)
Growth Plus Reports. (September 5, 2022). Blood Pressure Monitors Market Size Worth US$ 4.95 Billion by 2030 at 8.9% CAGR, COVID-19 Impact, and Global Analysis by Growth Plus Reports. Blood Pressure Monitors Market Size Worth US$ 4.95 Billion (globenewswire.com)
Investopedia. (2022).Compound Annual Growth Rate (CAGR) Formula and Calculation. Compound Annual Growth Rate (CAGR) Formula and Calculation (investopedia.com)
Market Watch (November 16, 2022). Market Watch (November Press Release Market watch {Wired Blood Pressure Monitor Market Share 2023. Forthcoming Status, Size Estimation, Industry Demand, Revenue and Forecast to 2028.Wired Blood Pressure Monitor Market Share 2023 Forthcoming Status, Size Estimation, Industry Demand, Revenue and Forecast to 2028 – MarketWatch
Photo Credit: First Blood Pressure Bracelet On The Market Introduced By Swiss Startup. First Blood Pressure Bracelet On The Market Introduced By Swiss Startup – HealthTech
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