Development Scenario and Forecast to 2021
The blood pressure transducer market has been segmented into reusable
transducers and disposable transducers. Among these segments, the
disposable transducers dominate the blood pressure transducer market as
compared to reusable transducers and are accounted for leading part of
overall market share. Increasing awareness and concern of infection free
transducers fueled the growth of this market. The requirement for disposable
transducers is expected to increase with cumulative awareness about health
among consumers. This factor is envisioned to strengthen the growth of
blood pressure transducer market.
The blood pressure transducer market is expected to flourish at a CAGR of
around 12.1% during the end of forecast year i.e. 2021. Factors such as rising
demand for blood pressure transducers from evolving economies and
awareness of preventive medicines are anticipated to drive the demand for
blood pressure transducer market in near future.
In the regional segment, North America accounted for more than 45%
market share in the Blood Pressure Transducer Industry in the preceding
years. Factors such as changing lifestyle, increasing geriatric population and
well established healthcare facilities are key factors behind largest market
share in North America. Europe blood pressure transducer market is
growing at a healthy rate and is expected to grow at average rate due to rising
occurrence of hypertension and growing awareness among the patients.
Asia-Pacific is the second largest blood pressure monitoring device market
currently. It is growing rapidly and is anticipated to reach at USD 875 Million
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Moreover, the enhancement in growth prospects for dealers in terms of
market shares due to convenience and technology developments has
anticipated a boom in blood pressure transducer market.