Blood Pressure Transducers Market Trends

  • Report ID: 26
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Blood Pressure Transducers Market Trends

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

Blood Pressure Transducers Market: Key Insights

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

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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

Base Year

2024

Forecast Year

2025-2037

CAGR

6.6%

Base Year Market Size (2024)

USD 2.29 billion

Forecast Year Market Size (2037)

USD 5.26 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 26
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of blood pressure transducers is evaluated at USD 2.42 billion.

Blood Pressure Transducers Market size was valued at USD 2.29 billion in 2024 and is expected to reach USD 5.26 billion by 2037, expanding at around 6.6% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is expected to hold largest revenue share by 2037, driven by increasing incidents of hypertension, rising health awareness, and growing investments by manufacturers.

The major players in the market are Utah Medical Products, Inc., ICU Medical, Inc., B. Braun Melsungen AG, Argon Medical Devices, Inc., and others.
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