Global blood pressure transducer market is expected to flourish at a significant CAGR of 12.1% during the forecast period. Moreover, the global blood pressure transducer market is expected to garner USD 1.96 Billion by the end of 2021. Factors such as rising incidences of hypertension, low blood pressures and high blood pressures among aged population are expected to considerably increase the market size of global blood pressure transducer market.
North America held the largest market share of blood pressure transducer in 2016. Further, North America is projected to continue its dominance over the forecast period owing to the high percentage of adults with high blood pressure in the region. As per the Centers for Disease Control and Prevention, currently, about 75 million adults are estimated to be suffering from high blood pressure. Asia Pacific is projected to grow at highest CAGR growth during the forecast period. Rising healthcare expenditure and continuous development in healthcare infrastructure is expected to fuel the growth of blood pressure transducer market in Asia Pacific region.
Rising Number of People with High Blood Pressure
Increasing prevalence of hypertension among elderly people is anticipated to drive the growth of the blood pressure transducer market during the forecast period. Further, factors such as rising geriatric population, transition from agrarian life to wage earning life due to urbanization are anticipated to increase the number of people with high blood pressure which further, is expected to raise the demand for blood pressure transducer.
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Surging Adoption of Smartphone-based Blood Pressure Transducers
Increasing awareness about the mobile based blood pressure transducers is driving the growth of blood pressure transducer market. Moreover, rising preference for technologically advanced blood pressure monitors is expected to boost the growth of blood pressure transducer market during the forecast period.
However, factors such as inaccuracy in the reading, lack of reimbursement policies are likely to inhibit the growth of the global blood pressure transducer market in the near future.
The report titled “Blood Pressure Transducer Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global blood pressure transducer market in terms of market segmentation by product type, by technology, by end users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global blood pressure transducer market which includes company profiling of Utah Medical Products Inc., MEMSCAP, Argon Medical Devices, Inc., Omron Healthcare, BIOPAC Systems Inc., ADInstruments, ICU Medical, Inc., World Precision Instruments, LLC, Edwards Lifesciences Corporation and GENEQ Inc. 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 transducer 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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