Blood Pressure Transducers Market Size to Grow by $ 113.67 Million through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the blood pressure transducers market and it is expected to grow by $ 113.67 million, accelerating at a CAGR of almost 5.23% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.

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Blood Pressure Transducers Market: Emerging Trends to Impact Market Growth

Growth by the disposable blood pressure transducers segment will be significant during the forecast period. End-users prefer the use of disposable blood pressure transducers as they reduce the risk of contamination that can lead to infections. Such factors will drive the disposable blood pressure transducers market growth. North America has been exhibiting a significant growth rate for blood pressure transducers market vendors owing to several factors such as the high incidence of hypertension and advanced healthcare infrastructure in the region. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Blood Pressure Transducers Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ADInstruments Pty Ltd., B. Braun Melsungen AG, BIOPAC Systems Inc., Edwards Lifesciences Corp., Harvard Bioscience Inc., ICU Medical Inc., Koninklijke Philips NV, Merit Medical Systems Inc., Smiths Group Plc, and Utah Medical Products Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 5.23%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 113.67 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing incidence of hypertension coupled with the geriatric population will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, Asia, and ROW are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   36% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are ADInstruments Pty Ltd., B. Braun Melsungen AG, BIOPAC Systems Inc., Edwards Lifesciences Corp., Harvard Bioscience Inc., ICU Medical Inc., Koninklijke Philips NV, Merit Medical Systems Inc., Smiths Group Plc, and Utah Medical Products Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Disposable blood pressure transducers and Reusable blood pressure transducers) and Geography (North America, Europe, Asia, and ROW)