Research Nester published a report titled “Blood Pressure Transducers Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global blood pressure transducers market in terms of market segmentation by type, technology, end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The blood pressure transducers market is segmented by type into reusable and disposable, out of which the segment for disposable transducers is anticipated to hold a significant share in the market by the end of 2029, which can be credited to their significantly low cost and ease of use. The disposability of these devices also helps in reduction of hospital infections, which is also anticipated to contribute to the growth of the segment during the forecast period.
The global blood pressure transducers market is projected to grow with a notable CAGR during the forecast period, i.e., 2021-2029, on the back of surge in occurrence of high/low blood pressure concerns, increasing ageing population and detrimental lifestyle changes. Furthermore, technological advancements and growing government expenditure in healthcare sector are also expected to contribute to the market growth.
Geographically, the blood pressure transducers market is segmented into five major regions, namely North America, Europe, Asia Pacific, Latin America and the Middle East & Africa, out of which the market in Asia Pacific is evaluated to grow at the highest rate over the forecast period. This growth can be attributed to increasing investments to develop effective medical equipment by manufacturers and rising health awareness in the region.
Growing Prevalence of Hypertension and Increasing Geriatric Population
According to the World Health Organization (WHO), the number of people aged 60 years or above is estimated to grow from 1 billion in 2019 to 1.4 billion in 2030.
Owing to the increasing population of ageing people and rising number of incidents of hypertension, the occurrence of blood pressure related medical issues is also growing, which in turn is estimated to result in an increase in demand for these devices, further driving the growth of the market.
However, lack of skilled experts and the measuring accuracy issues observed in these equipment are expected to operate as key restraints to the growth of the blood pressure transducers market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global blood pressure transducers market which includes company profiling of Utah Medical Products, Inc. (NASDAQ: UTMD), ICU Medical, Inc. (NASDAQ: ICUI), B. Braun Melsungen AG, Edwards Lifesciences Corporation (NYSE: EW), Argon Medical Devices, Inc., Koninklijke Philips N.V. (NYSE: PHG), OMRON Corporation (TYO: 6645), A & D Company, Limited (TYO: 7745) and Hillrom Services, Inc. (NYSE: HRC). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global blood pressure transducers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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The Blood Pressure Transducers Market 2021 research report gives emerging industry data, global segments and regional outlook.
This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the blood pressure transducers market include Medtronic plc, Omron Healthcare, GE Healthcare, Inc., Masimo Corporation, Spacelabs Healthcare, Utah Medical products, Inc., Edwards Lifesciences, ICU Medical, Becton, Dickinson and Company (BD), MEMSCAP, Argon Medical Devices, Merit Medical Systems, Fiso Technologies, Fogg System Company, Iworx Systems, Junken Medical, Medline Industries, Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Blood Pressure Transducers Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/blood-pressure-transducers-market/download-sampleMarket DynamicsBlood pressure transducers are experiencing notable growth owing to a rise in the prevalence of low/high blood pressure among the aging people, sedentary lifestyle, lack of physical activities, and hypertension.
Blood Pressure Transducers Market HighlightsThe Global blood pressure transducers market is expected to grow at an approximate CAGR of 5.2% during forecast period, 2018–2023.Rising occurrence of obesity is the key factor driving the blood pressure transducers market.
According to the 2015 data suggested by the Australian Institute of Health and Welfare, nearly two-thirds (63%) of Australian adults were overweight or obese.Various other factors such as sedentary lifestyle, lack of physical activities, technological advancements, presence of a large target patient population, rising patient awareness regarding the benefits of blood pressure transducers, availability of fiber optic blood transducers, and growing demand for disposable blood pressure transducers are also expected to propel the growth of the market.However, stringent government regulations, high cost associated with technological development, and lack of trained professionals can hamper the market growth over the forecast period.Blood Pressure Transducers Market SegmentationThe Global blood pressure transducers market is segmented based on type, technology, procedure and region.The Global market for blood pressure transducers, by type is segmented into reusable blood pressure transducers, and disposable blood pressure transducers.The Global market for blood pressure transducers, by technology is segmented into digital, aneroid, and wearable.Based on procedure, the market is segmented into intravascular blood pressure monitoring, and extravascular blood pressure monitoring.Based on end user, the market is segmented into hospitals, clinics, ambulatory surgical centres, diagnostic laboratories, and others.
The hospitals segment is anticipated to hold the largest market share owing to the increasing cases of cardiovascular disorders.
The diagnostic centres are expected to grow at the highest growth rate owing to the rising demand for early diagnosis.Blood Pressure Transducers Market Regional AnalysisThe Americas dominated the global market for blood pressure transducers owing to presence of major market players and high prevalence of blood pressure within the region.
According to the 2017 data suggested by the American College of Cardiology Foundation, around 34% of the Americas population has high blood pressure, and more than 45% of non-Hispanic Black women have hypertension.In 2017, it was estimated that Europe stood second in the global blood pressure transducers market.
This can be attributed to the rising research and development investments.Asia Pacific was projected to be the fastest growing region in 2017.
