Blood Pressure Transducers Market by Product Type (Reusable transducers, Disposable Transducers), Technology (Digital, Wearable), End-Use (Hospitals, Diagnostic Laboratories), and Region (Asia Pacific, Europe, North America, Middle East, and Africa, Latin America), and forecast period-2022 – 2030

Report ID - MRC_901 | Pages - 153 | Category - Healthcare and Pharma

Blood Pressure Transducers Market Insights:

Blood pressure transducers market was valued at USD 186.5 Million in 2021, registering a CAGR of 7.6% during the forecast period (2022-2030), and the market is projected to be worth USD 360.5 Million by 2030. Blood pressure (BP) transducers are sensors that convert biological signals into electrical analogue signals to monitor the central venous pressure and intra-abdominal and intracranial pressures. The imprecise central venous pressure and the continuous pattern in such inconsistency lead to hypertension. The surge in the incidences of high blood pressure (hypertension) is driving the growth of the blood pressure transducers market. For instance, in 2018, the Centers for Disease Control and Prevention (CDC) reported that approximately 108 million adults were diagnosed or had hypertension, and over half a million deaths in the U.S are caused due to hypertension. Thus, the increased prevalence of hypertension as a result of sedentary life, and rising numbers of chronic diseases among the population and others are anticipated to fuel the growth of the blood pressure transducers market.

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The technological advancement in the healthcare industry allows manufacturers to develop multiple innovative therapeutic devices. For instance, in 2020, the biometric technology company named Valencell developed advanced sensor technologies for wearables such as fitness bands and patches, smartwatches, and pulse oximeter finger clips to facilitate impactful health results. Thus, the increased innovations in blood pressure transducer devices are expected to witness significant growth during the projected period. Based on region, in 2021, North America contributed the largest share to the growth of the global blood pressure transducers market.  The factors such as increased application of medical devices for monitoring blood pressure, rising health awareness among the population, and high disposable income boost the market growth in the North American region. Thus, the above-mentioned factors are expected to contribute to the blood pressure transducers market during the forecast period.

Blood Pressure Transducers Market Dynamics:

A Blood Pressure Transducer is an electronic device that converts pressure such as systolic and diastolic blood pressure into electrical signals. These electric signals are recorded graphically and used for monitoring the blood pressure of humans such as arterial pressure and pulmonary artery pressure.

Drivers:

The factors such as the rising geriatric population combined with increased prevalence of high and low blood pressure due to excess alcohol consumption, inactive lifestyle, and high cholesterol drive the growth of the blood pressure transducers market. Moreover, the increased use of wearables such as smartwatches and fitness trackers, rising demand for disposable blood pressure transducers, and growing technological advancements such as wireless smartphone-enabled devices and cuffless blood pressure sensors have accelerated the growth of the blood pressure transducers market.

Restraints:

The limited use of blood pressure transducers in developing countries like Brazil, Mexico, and India combined with the low availability of the devices are the major factors that hinder the growth of the blood pressure transducers market. Additionally, the shortage of trained professionals, the high possibility of inaccuracy in transducers, and the expensive costs of product manufacturing are anticipated to obstruct market growth.

 COVID-19 Analysis of Blood Pressure Transducers Market:

The blood pressure transducers market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as poor supply chain, slow medical device manufacturing rate, reduced discretionary spending, and economic slowdown is the major impacts of COVID-19 on hampered the growth of the blood pressure transducers market. The pandemic’s initial effects in China were tremendous. However, the nation’s circumstances have stabilized, and all product and service production rates have increased. As a result, it is determined that COVID-19’s overall impact on the blood pressure transducers market is moderate. Post covid-19 there was a positive impact on the blood pressure transducers market due to the increased health awareness among the population in terms of frequent physical health check-ups.

Blood Pressure Transducers Report Coverage:

Report AttributesReport Details
Study Timeline2016-2030
Market Size in 2030 (USD Million)360.5 Million
CAGR (2022-2030)7.6%
By Product TypeReusable Transducers and Disposable Transducers
By TechnologyDigital, Aneroid, and Wearable
By End-Use Hospitals, Ambulatory surgical centers, Clinics, Diagnostic Laboratories
By GeographyNorth America– (U.S., Canada, Mexico)

Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

Key PlayersUtah Medical products, Medtronic plc., Argon Medical Devices, Omron Healthcare, GE Healthcare, Masimo Corporation, Spacelabs Healthcare, Edwards Lifesciences, ICU Medical, Becton

Blood Pressure Transducers Market Segment Analysis:

By Product Type

The product type segment is bifurcated into reusable transducers and disposable transducers. Disposable transducers are expected to contribute the largest share of the blood pressure transducers market due to their cost-effectiveness and large availability of devices according to the requirements. The disposable blood pressure transducers are in high demand due to the shift in preference of customers for hygienic purposes, ease of use, and high accuracy level. Furthermore, reusable transducers also contributed the largest market share in 2021. The factors such as lightweight, use of extravascular sensors for blood pressure monitoring, and reduced wastage are anticipated to support the growth of the reusable transducers segment in the forecast period.

Blood Pressure Transducers Market Size

By Technology

The technology segment is divided into digital, aneroid, and wearable. In 2021, the digital segment accounted for the largest revenue share. The factors such as easy access to remedial solutions to blood pressure problems, portable design, and reduced chances of error are expected to accelerate the growth of the digital segment. Additionally, the digital blood pressure transducers provide outpatient diagnosis using a non-invasive method with no residual wound. Further, the aneroid, and wearable segments are also anticipated to support the growth of the blood pressure transducers market owing to the factors such as increased preference for sensory devices, continuous monitoring with no sleep disruptions, and higher sensitivity to measuring the systolic and diastolic blood pressure.

By End-Use

The end-user segment is categorized into hospitals, ambulatory surgical centers, clinics, and diagnostic laboratories. The hospital segment contributed the largest revenue share during the forecast period. The increased cases of invasive blood pressure monitoring, especially intravascular and intracardiac pressure during surgical treatments, availability of skilled surgical personnel, and access to advanced medical procedures and devices are key factors fueling the hospital segment’s growth. The factors such as increased expenditure on medical infrastructure combined with increased awareness of devices like transducers among medical staff are anticipated to boost the growth of the hospitals’ segment during the estimated period. Additionally, the diagnostic laboratories are also expected to witness significant growth in the projected period due to the highly accurate diagnosis of disease severity, access to the latest medical device for effective monitoring of patient vitals, and availability of multiple tests for medical treatment.

Blood Pressure Transducers Market Size

By Region

The regional segment includes Asia Pacific, Europe, North America, Middle East, and Africa, Latin America. In 2021, North America held the largest revenue share of over 35.9% and is anticipated to grow throughout the forecast period. The factors such as the increased prevalence of hypertension among people and the rising aged population which is highly susceptible to high and low blood pressure are expected to contribute to the augmented growth of the blood pressure transducers market. Additionally, the large presence of leading market players and increased expenditures on the healthcare industry is expected to accelerate the blood pressure transducers market growth in the North American region.

The Asia Pacific is also expected to witness market growth with the fastest CAGR during the forecast period. The factors such as rising awareness of wearable blood pressure monitoring, increased demand for integration of the latest technology in existing products, and the presence of a large patient pool diagnosed with hypertension are expected to boost the blood pressure transducers market growth in the Asia Pacific region.

Blood Pressure Transducers Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-

  • Utah Medical products
  • Medtronic plc.
  • Argon Medical Devices
  • Omron Healthcare
  • GE Healthcare
  • Masimo Corporation
  • Spacelabs Healthcare
  • Edwards Lifesciences
  • ICU Medical
  • Becton

FAQ

What is the valuation of Blood Pressure Transducers Market?

Blood pressure transducers market valued at USD 360.5 Million by 2030.

Who are the main players operating in this industry?

Utah Medical products, Medtronic plc., Argon Medical Devices, Omron Healthcare, GE Healthcare are the main players operating in this industry.

Which region dominated growth of market?

North America contributed the largest share of the market growth.

What is the main market-driving factor?

The factors such as the rising geriatric population combined with increased prevalence of high and low blood pressure due to excess alcohol consumption.

Which is the main product segment in this market?

Disposable Transducers are expect to contribute the largest share to the product segment.

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of Blood Pressure Transducers
    • Global Blood Pressure Transducers Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief
    • Parent Market Overview
    • Overall Blood Pressure Transducers Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews
    • Average primary breakdown ratio
  2. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces on market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor
    • Covid-19 impact on Global Economy
    • Covid-19 impact on Blood Pressure Transducers' demand
    • Post-Covid Impact on Blood Pressure Transducers Market Demand
    • Impact Analysis of Russia-Ukraine Conflict
  3. Global Blood Pressure Transducers Market Segmentation, by Volume (Unit) & Revenue (USD Million), (2022-2030)
    • By Product Type
      • Reusable Transducers
      • Disposable Transducers
    • By Technology
      • Digital
      • Aneroid
      • Wearable
    • By End-use
      • Hospitals
      • Ambulatory Surgical Centers
      • Clinics
      • Diagnostic Laboratories
  1. Global Blood Pressure Transducers Market Overview, By Region
    • North America Blood Pressure Transducers  Market Volume (Unit) & Revenue (USD Million), by Countries, (2022-2030)
      • US
        • By Product Type
        • By Technology
        • By End Use
      • Canada
      • Mexico
    • Europe Blood Pressure Transducers Market Volume (Unit) & Revenue (USD Million), by Countries, (2022-2030)
      • France
      • UK
      • Spain
      • Russia
      • Italy
      • BENELUX
    • Asia Pacific Blood Pressure Transducers Market Volume (Unit) & Revenue (USD Million), by Countries, (2022-2030)
      • China
      • Japan
      • Australia
      • South Korea
      • India
      • ASEAN
  1. Latin America Blood Pressure Transducers Market Volume (Unit) & Revenue (USD Million), by Countries, (2022-2030)
    • Brazil
    • Argentina
    • Chile
  2. Middle East and Africa Blood Pressure Transducers Market Volume (Unit) & Revenue (USD Million), by Countries, (2022-2030)
    • GCC
    • Turkey
    • South Africa
  3. Global Blood Pressure Transducers Market Revenue: Competitive Analysis, 2021
    • Key strategies by players
    • Revenue (USD Million and %), By manufacturers, 2021
    • Player Positioning by Market Players, 2021
  4. Competitive Analysis
    • Utah Medical products
      • Business Overview
      • Business Financials (USD Million)
      • Product Category, Type, and Specification
      • Main Business/Business Overview
      • Geographical Analysis
      • Recent Development
      • Swot Analysis
    • Medtronic plc.
    • Argon Medical Devices
    • Omron Healthcare
    • GE Healthcare
    • Masimo Corporation
    • Spacelabs Healthcare
    • Edwards Lifesciences
    • ICU Medical
    • Becton
  5. Market Research Findings & Conclusion

Disclaimer

Research Methodology

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