Global Medical Pressure Transducers Market By Type (Single Disposable Transducers , Single Pressure Line Transducers Kits , and Others), By Application (Blood pressure monitoring , Respiration systems , and Infusion / Syringe Pump), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2029

Market.us announces publication of its most recently generated research report titled, “Global Medical Pressure Transducers Market by Product Type (Single Disposable Transducers, Single Pressure Line Transducers Kits, Double Pressure Line Transducers Kits, Triple Pressure Line Transducers Kits), By Application (Blood pressure monitoring, Respiration systems, Infusion / Syringe Pump, & Others), by End User (Hospitals, Ambulatory Surgical Centers & Clinics, & Home Care Settings) and by Region – Global Forecast to 2029,” which offers a holistic view of the global medical pressure transducers market through systematic segmentation that covers every aspect of the target market.

The global medical pressure transducers market is projected to be US$ 279.6 Mn in 2019 to reach US$ 515.0 Mn by 2029 at a CAGR of 6.3%.

A pressure transducer or sensor is a measuring device that converts applied pressure into an electrical signal. Usually, the pressure transducer consists of two parts, one is an elastic material that deforms under pressure, and the other is an electrical part that detects such deformation. There are various types of pressure transducers based on their design, shape, size, or technology. The various pressure transducers based on its technology are strain gauge pressure transducers, capacitance pressure transducers, potentiometric pressure transducers, resonant wire pressure transducers, and others. Especially in the field of medical applications, partially or fully disposable pressure sensors are required to implement a monitoring solution without cross-contamination. For instance, an infusion system or process control for In Vitro Diagnostics (IVD). There is a rapid increase in the demand for reliable and single-use technologies, implying the study of new measurement principles.

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Increasing prevalence of arterial hypertension owing to a sedentary lifestyle is a significant factor driving growth of the global medical pressure transducers market in the next coming years. Also, increasing demand for disposable pressure transducers because of its reliable and accurate readings for arterial and venous blood pressure measurements is anticipated to augment market growth in the near future. Moreover, growing population, coupled with high spending capacity are factors expected to drive growth of the global medical pressure transducers market significantly over the forecast period. However, high R&D costs and stringent regulations pertaining to invasive devices are restraining growth of the target market to a significant extent. Increasing initiatives and funding by various and leading organizations to improve health care infrastructure is a factor offering lucrative opportunities for market growth.

Global Medical Pressure Transducers Market Revenue (US$ Mn), 2019–2029

Additionally, increasing cases of drug-resistant hypertension and increasing prevalence and mortality rate of cardiovascular diseases are among the other factors expected to drive revenue growth of the target market to a significant extent. Focus on the development of more advanced and efficient devices with standardization is increasing, and will offer accurate and reliable measurements to the benefit of patients is an opportunity for key players operating in the target market. Increasing demand for disposable pressure transducers because of its reliable and accurate readings for arterial and venous blood pressure measurements is anticipated to augment market growth in the near future.

However, stringent regulations for invasive devices with respect to body orifices is a factor expected to hamper growth of the target market.

Global medical pressure transducers market is segmented on the basis of product type, application, end users and region. Based on product type, the market is segmented into single disposable transducers, single pressure line transducers kits, double pressure line transducers kits, and triple pressure line transducers kits. The single disposable transducers segment accounts for the majority share, followed by double pressure line transducers kits segment. On the basis of application, the market is segmented into blood pressure monitoring, respiration systems, infusion/syringe pump & others. The blood pressure monitoring segment accounts for a majority share in the global medical pressure transducers market. On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers & clinics, & home care settings. The hospitals segment accounts for majority share in the global medical pressure transducers market.

Global Medical Pressure Transducers Market Share by Product Type, 2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America, and Middle East Africa. North America accounts for the majority share in the global Medical Pressure Transducers market, followed by Europe.

The research report on the global Medical Pressure Transducers market includes profiles of some of the major companies such as Merit Medical Systems, Inc., Smiths Group Plc, Lepu Medical Technology (Beijing) Co. Ltd., Argon Medical Devices, Inc., ANTMED, and George Philips, etc.

Key Market Segments:

Type

• Single Disposable Transducers
• Single Pressure Line Transducers Kits
• Double Pressure Line Transducers Kits
• Triple Pressure Line Transducers Kits

Application

• Blood pressure monitoring
• Respiration systems
• Infusion / Syringe Pump

Key Market Players included in the report:

• Merit Medical Systems Inc.
• Smiths Group Plc
• Lepu Medical Technology (Beijing) Co. Ltd.
• Argon Medical Devices Inc.
• ANTMED and George Philips

For the Medical Pressure Transducers Market research study, the following years have been considered to estimate the market size: