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2017, Global Blood Pressure Transducers Industry: Market Research Report
The global blood pressure transducers market is estimated to register a robust growth rate over the forecast period (from 2017 to 2022), as per a report available on Radiant Insights. Blood pressure transducers are invasive devices used for measuring venous and arterial blood pressure. These small, light-weight devices contain a lean and flexible metallic diaphragm connected to the device by an inductive connection. A blood pressure transducer helps determine the exact blood pressure through an amplifier. This is done so with the help of an attached electrical converter, which converts blood pressure into analog electrical signals.
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Researchers at Valencell, a U.S.-based biometrics company, have launched a novel technology that lets users check blood pressure levels just by touching the screen of their mobile devices. As compared to conventional blood pressure measuring methods, which include wearing a special cuff to get a reading, this new technology requires users to simply tap a sensor on their mobile phones. As per the company, the technology has gone through strict validation and testing, based on a number of different data sets. The company is also focusing on creating a stand-alone solution intended for hospital usage.
Increasing cases of cardiovascular diseases across the globe are expected to be a key growth driver for the market. In addition, a rise in the occurrence of low or high blood pressure and hypertensions projected to fuel the growth of the global market in future. Increasing geriatric population prone to various health issues resulting from high cholesterol and high intake of tobacco or alcohol is another key growth driver. However, high prices associated with these devices and lack of trained professionals to operate advanced devices may hinder the growth of this market.
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The global blood pressure transducers market is categorized as per product type, enduser, and region. Based on product type, the market is categorized into dual channel transducer, single channel transducer, and others. On the basis of enduser, the market is categorized into national and public hospitals and private hospitals.
On the basis of geography, the worldwide market is divided into India, North America, Southeast Asia, China, Europe, and Japan. Improving standards of living and rapid economic growth in emerging countries are anticipated to boost market growth in Southeast Asia. As a result of strong growth potential, these countries are now focusing on providing high-end medical treatments by enhancing healthcare infrastructures such as community medical facilities and public hospitals.
North America accounted for the largest market share in the past due to high incidence rate of hypertension and cardiovascular diseases in the region. The regional market is expected to further witness substantial growth in the near future on account of growing adoption of highly advanced products, such as fiber optic blood pressure transducers.