Patients who lowered their systolic number, meaning the higher of the two figures used to express blood pressure, to less than 120 mm Hg saw their risk of heart attack, heart failure or stroke drop by 24 percent, and their risk of death plummeted by 27 percent.
Current guidelines urge adults to keep their blood pressure below 140 mm Hg.
In September, the National Institutes of Health-sponsored study was stopped a year early due to the positive results. Today, a detailed report on its findings was published in the New England Journal of Medicine.
However, more research is needed before health authorities can recommend a change to current guidelines.
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"Before deciding to treat blood pressure aggressively, it may be prudent to wait until additional questions are answered," Cheung added.
The treatment, which involves using medications to lower blood pressure along with healthy lifestyle choices, also came with an increased risk for some serious side effects, including blood pressure that fell too low, fainting, and kidney problems.
The study involved more than 9,300 people who were randomly assigned to a blood pressure target of either 120 mm Hg or 140 mm Hg.
All the study participants were aged 50 or older and had faced an increased risk of cardiovascular disease, having a systolic blood pressure of at least 130 mmHg.
They also had no history of diabetes or stroke, a requirement which made the study population majority white, and tended to exclude many African Americans and Hispanics.
About 16.8 million people in the United States would fit the study and criteria and therefore might benefit from the approach, researchers said.
"Even more important, is its potential for greatly reducing the incidence of cardiovascular disease."
More than one billion people worldwide have hypertension, which is defined as a systolic blood pressure of 140 or more, over a diastolic blood pressure of 90 or higher.