Market Summary
Blood Pressure Transducers Market Overview
The Blood Pressure Transducers Market Size was valued at USD 2.05 Billion in 2023. The Blood Pressure Transducers industry is projected to grow from USD 2.23 Billion in 2024 to USD 3.95 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.58% during the forecast period (2024 - 2032).
A circulatory strain transducer is a pulse observing gear. The significant utilization of circulatory strain transducers is blood vessel or venous pulse estimation, urodynamic estimation, intrauterine tension estimation, and intracranial tension estimation. The rising geriatric populace is one of the key elements driving the circulatory strain transducers market.
As per the information suggested by the World Health Organization (WHO), the total populace matured 60 years and more seasoned is supposed to add up to 2 billion and 80% of all more older individuals will live in low-and centre pay nations by 2050. The speed of the populace maturing is a lot quicker than previously. In 2015, 900 million people were 60 years and older.
Different factors, for example, inactive way of life, absence of proactive tasks, innovative headways, presence of an enormous objective patient populace, rising patient mindfulness in regards to the advantages of circulatory strain transducers, availability of fibre optic blood transducers, and developing interest for expendable pulse transducers are likewise expected to move the development of the market.
Nonetheless, rigid unofficial regulations, significant expenses related to the innovative turn of events, and the absence of prepared experts can hamper the market development over the gauge time frame. The circulatory strain observing business sector size in North America remained at USD 0.63 billion every 2020. Around here, the quantity of patients with hypertension is expanding rapidly.
In October 2023, Chinese technology company Xiaomi held a launch event to introduce several new goods, with the Xiaomi 14 series being the main highlight. One of the newly introduced items is the Xiaomi Wrist ECG and Blood Pressure Recorder, which is accompanied by the Watch S3.
The device provides the convenience of instant blood pressure measurement and the additional security of fall detection. The smartwatch is capable of quickly measuring ECG activity within a span of 30 seconds. The Xiaomi wrist ECG and blood pressure recorder features a traditional watch style. The device features a 1.43-inch AMOLED display with a high level of resolution.
The device features a unified body made of aluminum alloy, complemented with a stainless steel bezel. The wearable's crown, with its intricate texture, is highly noticeable. The wearable device features a unique shortcut key specifically designed for the purpose of detecting blood pressure. The one-click feature can be tailored to accommodate the user's specific measuring requirements.
Chinese medical institutions are currently utilizing the ECG and blood pressure recorder for collaborative research purposes. The tests are conducted to verify the accuracy of the measurements. The research data will allow Xiaomi to enhance the device and construct a personalized model with multiple parameters. The device tracks cardiovascular well-being while in motion and offers analysis by physicians from leading tertiary healthcare establishments.
In January 2022, Aktiia revealed its intentions to introduce their automated 24/7 blood pressure monitor in the United States. The new device is engineered to autonomously collect over 100 times the blood pressure data compared to current monitors, while also offering ten times greater engagement.
The company utilizes optical sensors that are worn on the wrist to implement its Optical Blood Pressure Monitoring (OBPM) algorithms. These sensors utilize photoplethysmography (PPG) to determine blood pressure levels by examining the fluctuation in artery diameter that takes place with each heartbeat.
The measurements are conducted automatically, obviating the need for users to break their daily routine to obtain results. The data can be promptly accessed in a mobile application and effortlessly shared with a physician or family member. Aktiia observed that this automated method eliminates the patient's daily responsibility of measuring blood pressure measurements and enables them to concentrate on enhancing cardiovascular health.
These sensors utilize photoplethysmography (PPG) to determine blood pressure levels by examining the fluctuation in artery diameter that takes place with each heartbeat. The measures are conducted automatically, obviating the need for users to break their daily routine in order to obtain readings. The data can be promptly accessed in a mobile application and effortlessly shared with a physician or family member.
Segmentation
The Global blood pressure transducers market is segmented based on type, technology, procedure and region.
The Global market for blood pressure transducers, by type is segmented into reusable blood pressure transducers, and disposable blood pressure transducers.
The Global market for blood pressure transducers, by technology is segmented into digital, aneroid, and wearable.
Based on procedure, the market is segmented into intravascular blood pressure monitoring, and extravascular blood pressure monitoring.
Based on end user, the market is segmented into hospitals, clinics, ambulatory surgical centres, diagnostic laboratories, and others. The hospitals segment is anticipated to hold the largest market share owing to the increasing cases of cardiovascular disorders. The diagnostic centres are expected to grow at the highest growth rate owing to the rising demand for early diagnosis.
In the current scope of the study, the above-mentioned segments are covered into the four global regions, namely the Americas, Europe, Asia-Pacific and the Middle East & African region.
The blood pressure transducers market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European blood pressure transducers market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The blood pressure transducers market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The blood pressure transducers market in the Middle East & Africa has been segmented into the Middle East and Africa.
Regional blood pressure transducers Market Summary
The Americas dominated the global market for blood pressure transducers owing to presence of major market players and high prevalence of blood pressure within the region. According to the 2017 data suggested by the American College of Cardiology Foundation, around 34% of the Americas population have high blood pressure, and more than 45% of non-Hispanic Black women have hypertension.
In 2017, it was estimated that Europe stood second in the blood pressure transducers market. This can be attributed to the rising research and development investments.
Asia Pacific was projected to be the fastest growing region in 2017. Factors such as growing awareness among population, increasing prevalence of high blood pressure within the region, rising occurrence of obesity, and increasing healthcare expenditure drives the regional markets of the Asia Pacific region.
According to the 2015 data suggested by the Australian Institute of Health and Welfare, nearly two-thirds (63%) of Australian adults were overweight or obese. On the other hand, the Middle East and Africa held least share in the blood pressure transducers market due to the low per capita income, especially within the African region.
Key players
Some of the key players in the blood pressure transducers market are Medtronic plc, Omron Healthcare, GE Healthcare, Inc., Masimo Corporation, Spacelabs Healthcare, Utah Medical products, Inc., Edwards Lifesciences, ICU Medical, Becton, Dickinson and Company (BD), MEMSCAP, Argon Medical Devices, Merit Medical Systems, Fiso Technologies, Fogg System Company, Iworx Systems, Junken Medical, Medline Industries, and others.
Research Methodology
Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries.
Our analysts also predict where the market will be headed in the next five to ten years, by analysing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market.
In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the Blood Pressure Transducers. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives.
For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.
Recent Development
-
January 2019: Omron Healthcare, Inc. reported the U.S. accessibility of a wearable oscillometric circulatory strain screen, HeartGuide, to screen pulse whenever during work.
-
January 2020: SunTech Medical, Inc. declared cooperation with Valencell Inc., proposing to foster fresh blood pressure checking answers for increment in patient wellbeing.
Intended Audience
- Medical Device Companies
- Government and Private Laboratories
- Research and Development (R&D) companies
- Medical Research Laboratories
- Market Research and Consulting Service Providers
Blood Pressure Transducers Market Segmentation and Key Market Players
Blood Pressure Transducers Market, by Type
- Reusable Blood Pressure Transducers
- Disposable Blood Pressure Transducers
Blood Pressure Transducers Market, by Technology
- Digital
- Aneroid
- Wearable
Blood Pressure Transducers Market, by Procedure
- Intravascular Blood Pressure Monitoring
- Extravascular Blood Pressure Monitoring
Blood Pressure Transducers Market, by End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Diagnostic Laboratories
- Others
Market Size & Forecast
{}
Leave a Comment