Blood Pressure Transducers Market Research Report: By Type (Reusable and Disposable Transducers), Technology (Digital, Aneroid and Wearable), Procedure (Intravascular and Extravascular Blood Pressure Monitoring), End User – Global Forecast Till 2023
Blood pressure transducer is a blood pressure monitoring equipment. The major applications of blood pressure transducers are arterial or venous blood pressure measurement, urodynamic measurement, intrauterine pressure measurement, and intracranial pressure measurement.
Rising geriatric population is one of the key factors driving the blood pressure transducers market. According to the data suggested by the World Health Organization (WHO), the world’s population aged 60 years and older is expected to total 2 billion and 80% of all older people will live in low- and middle-income countries by 2050. The pace of population ageing is much faster than in the past. In 2015, 900 million individuals were 60 years and older.
Regional Analysis
The 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.
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Asia Pacific was projected to be the fastest growing region in 2017. Factors such as growing awareness among population, increasing prevalence of high blood pressure within the region, rising occurrence of obesity, and increasing healthcare expenditure drives the regional markets of the Asia Pacific region. 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.
On the other hand, the Middle East and Africa held least share in the global blood pressure transducers market due to the low per capita income, especially within the African region.
Market Highlights
The 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.
Key Players
Some of the key players in the Global Blood Pressure Transducers Market are 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, and others.
Intended Audience
- Medical Device Companies
- Government and Private Laboratories
- Research and Development (R&D) companies
- Medical Research Laboratories
- Market Research and Consulting Service Providers
Market Segmentation and Key Market Players
Global Blood Pressure Transducers Market, by Type
- Reusable Blood Pressure Transducers
- Disposable Blood Pressure Transducers
Global Blood Pressure Transducers Market, by Technology
- Digital
- Aneroid
- Wearable
Global Blood Pressure Transducers Market, by Procedure
- Intravascular Blood Pressure Monitoring
- Extravascular Blood Pressure Monitoring
Global Blood Pressure Transducers Market, by End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Diagnostic Laboratories
- Others
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