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Smart Blood Pressure Meters - United States

United States

The Smart Blood Pressure Meters market in the United States is anticipated to reach a revenue of US$0.71bn by 2024.
It is projected to exhibit a compound annual growth rate (CAGR 2024-2029) of 1.10%, resulting in a market volume of US$0.75bn by 2029.
The user penetration is expected to be 3.08% in 2024, with an estimated increase to 3.11% by 2029.
The average revenue per user (ARPU) is forecasted to be US$67.51.
In a global context, China is expected to generate the highest revenue, amounting to US$1,243.00m in 2024.
The United States is experiencing a surge in demand for Smart Blood Pressure Meters, as consumers increasingly prioritize proactive health monitoring and digital health solutions.

Key regions: Canada, India, United Kingdom, United States, China

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Analyst Opinion

The Smart Blood Pressure Meters market in United States is experiencing a significant growth trajectory driven by several key factors.

Customer preferences: Customers in the United States are increasingly prioritizing health and wellness, leading to a growing demand for smart health monitoring devices such as smart blood pressure meters. The convenience and accuracy offered by these devices appeal to tech-savvy consumers looking to actively track their health metrics.

Trends in the market: In the United States, the Smart Blood Pressure Meters market is witnessing a shift towards integrated health monitoring solutions that offer comprehensive data insights. Manufacturers are focusing on developing devices that not only measure blood pressure but also incorporate features such as heart rate monitoring, activity tracking, and connectivity to mobile apps for a holistic health monitoring experience.

Local special circumstances: The competitive landscape in the United States is driving innovation in the Smart Blood Pressure Meters market, with companies vying to differentiate their products through advanced technology and user-friendly design. Additionally, collaborations between healthcare providers and technology companies are further propelling market growth by promoting the adoption of smart health devices among patients.

Underlying macroeconomic factors: The robust healthcare infrastructure and high levels of healthcare expenditure in the United States are supporting the growth of the Smart Blood Pressure Meters market. Moreover, the increasing prevalence of chronic diseases such as hypertension is creating a larger addressable market for smart health monitoring devices, driving adoption among both consumers and healthcare professionals.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.