Blood Pressure Transducers Market Will hit at a CAGR of 5.2% By 2023 | Technology Trends, Global Industry Demand, Regional Statistics
Marketresearchfuture.com has published new research report on “Global Blood Pressure Transducers Market Research Report and Forecast to 2023” to its database.
Pune, India – May 31, 2019 /MarketersMedia/ —
Market Synopsis:
Raised blood pressure causes millions of deaths and disabilities every year. It has intensified the demand for blood pressure transducers that are used to monitor blood pressure. It has been underlined in Market Research Future (MRFR)’s report that the global blood pressure transducers market is anticipated to register 5.2% CAGR over the forecast period 2018 to 2023. The medical equipment also performs a couple of other functions such as pressure monitoring of arterial or venous blood, as well as urodynamic, intrauterine, and intracranial pressure. It is likely to favor the growth of the market in the upcoming years.
The device plays a significant role in the monitoring of an individual’s health issues. The rising occurrences of health abnormalities, especially, cardiovascular diseases, are presumed to boost the growth pattern of the blood pressure transducers market over the next couple of years. Also, people are getting increasingly aware of the need for regular health monitoring. It is poised to fuel demands for these transducers across the review period.
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One of the primary factors favoring the expansion of the blood pressure transducers market is the drastically increasing population of older adults. The demand for blood pressure monitoring is expected to be high among the aged people, thus, augmenting the market. A similar growth trend is forecasted over the assessment period. However, stringent regulations imposed by the governments in conjunction with the high price of the equipment is likely to check the expansion of the blood pressure transducers market in the nearby future.
Market Segmentation:
By type, the global blood pressure transducers market has been segmented into reusable blood pressure transducers and disposable blood pressure transducers.
By technology, the blood pressure transducers market has been segmented into digital, aneroid, and wearable.
By procedure, the global blood pressure transducers market has been segmented into intravascular blood pressure monitoring and extravascular blood pressure monitoring.
By end-user, the blood pressure transducers market has been segmented into hospitals, clinics, ambulatory surgical centers, diagnostic laboratories, and others
Regional Analysis:
The global blood pressure transducers market, for geographical assessment, has been segmented into Americas Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas is prognosticated to maintain a dominant position across the review period owing to the large-scale prevalence of raised blood pressure. Every year, a considerable proportion of the population faces disability or death due to blood pressure irregularities. Thus, increasing awareness is anticipated to drive the market growth of the region. Meanwhile, Asia Pacific is presumed to thrive at the highest CAGR over the projection period. Increasing healthcare expenditure of the region is projected to support the growth of the blood pressure transducers market in the region.
Competitive Dashboard:
The competitive landscape of the global blood pressure transducers market poses immense developmental opportunities and is expected to gain momentum over the next few years. The key participants of the market share analysis are Medtronic plc, GE Healthcare, Inc., Omron Healthcare, Masimo Corporation, Utah Medical Products, Inc., Spacelabs Healthcare, Edwards Lifesciences, Dickinson and Company (BD), ICU Medical, Becton, MEMSCAP, Merit Medical Systems, Argon Medical Devices, Fiso Technologies, Iworx Systems, Fogg System Company, Junken Medical, and Medline Industries.
Industry News:
In April 2019, Omron Healthcare, a provider of medical equipment for health monitoring, therapy, and disease prevention, has announced the pre-order availability of the first blood pressure monitor with EKG capability, Complete™.
In March 2019, Medtronic plc, a leading medical technology company, announced the launch of Medtronic MedTech Innovation Accelerator at Minhang District, Shanghai.
In February 2019, a leading manufacturer of medical equipment, Omron Healthcare, has partnered with physIQ, which is FDA-cleared personalized analytics. The part partnership is aimed at the integration of physIQ’s pinpointIQ® analytics platform with Omron HeartGuide®, the first wearable blood pressure device for transforming cardiovascular patient care.
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