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HEALTHCARE & PHARMACEUTICAL

Blood Pressure Transducers Market Segmentation by Type (Reusable and Disposable); by Technology (Digital, Aneroid, and Wearable); by End-User (Hospitals, Clinics, Ambulatory Surgical Centers, and Diagnostic Laboratories) – Global Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of Blood Pressure Transducer Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Blood Pressure Transducers Market Highlights 2020 – 2029

The blood pressure transducers market is estimated to garner a significant revenue by growing at a notable CAGR over the forecast period, i.e., 2021-2029. The growth of the market can be attributed to the growing geriatric population and increasing prevalence of hypertension among individuals worldwide. According to the World Health Organization (WHO), it is predicted that the number of people aged 60 years and older will rise up from 1 billion in 2019 to 1.4 billion by the end of 2030. Moreover, the lifetime risk of suffering from hypertension is more than 80% for individuals between the ages of 60-65 years. Major lifestyle changes and lack of physical activities intensify the possibility of blood pressure issues as well, which is anticipated to raise the demand for BP transducers, and in turn drive the growth of the market. Technological advancements and increasing awareness about health problems are also projected to fuel the market progress.

/Global-Blood-Pressure-Transducers-Market

The market is segmented by type into reusable and disposable, out of which, the segment for disposable transducers is anticipated to hold a notable market share in the year 2021 on account of their ease of use and low cost of these appliances. As the name suggests, disposable transducers are disposable in nature, and these medical equipment helps in reducing hospital infections.

The market is also segmented on the basis of end-user into hospitals, clinics, ambulatory surgical centers, and diagnostic laboratories, out of which, the diagnostic centers segment is anticipated to grow at the highest CAGR throughout the forecast period. The growth of the segment can be attributed to the growing need for early diagnosis of diseases, whereas, the hospitals section occupies the largest market share in the year 2021 owing to the rising prevalence of cardiovascular diseases.

Global-Blood-Pressure-Transducers-Market-Share

Global Blood Pressure Transducers Market Regional Synopsis

Geographically, the blood pressure transducers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing incidents of hypertension, rising health awareness and growing investments by manufacturers. Moreover, rising emphasis to improve healthcare sector by governments of developing nations is also expected to drive growth to the market. For instance, according to secondary sources, Indian government aims to increase healthcare expenditure to almost 3% of the total GDP share by 2022.

As of 2021, the market in North America is estimated to generate the highest revenue. The growth of the market in the region can be attributed to the well-established and developed healthcare facilities in nations such as the United States. Ongoing technological advancements to develop more effective medical devices also play a crucial role in the progress of the market in this region.

Blood-Pressure-Transducers-Market-Share

The global blood pressure transducers market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation    

Our in-depth analysis of the global blood pressure transducers market includes the following segments:

By Type

  • Reusable
  • Disposable

By Technology

  • Digital
  • Aneroid
  • Wearable

By End-User

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Laboratories

Growth Drivers

  • Concerns Associated with the Increasing Prevalence of Blood Pressure
  • Growing Geriatric Population
  • Rising Awareness about Health Issues

Challenges

  • Lack of Skilled Experts
  • Issues Associated with Inaccurate Measurements of Blood Pressure Transducers

Top Featured Companies Dominating the Market

  • Utah Medical Products, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • ICU Medical, Inc.
  • Edwards Lifesciences Corporation
  • B. Braun Melsungen AG
  • Argon Medical Devices, Inc.
  • Koninklijke Philips N.V.
  • OMRON Corporation
  • A & D Company, Limited
  • Hillrom Services, Inc.

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