Disposable Pressure Transducer Market Size, Share, Growth, and AIndustry Analysis, By Type (Adult transducers and Pediatric & Flushless transducers), By Application (Intra cranial pressure, CathLab, Intra- abdominal pressure, Intrauterine pressure, Urodynamic pressure), Regional Forecast To 2031

Updated On: 08 April 2024

Disposable Pressure Transducer Market Report Overview

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global disposable pressure transducer market size was USD 7360.18 million in 2021 and market is projected to touch 19332.28 Million by 2031, exhibiting a CAGR of 10.14% during the forecast period.

A device that converts pressure into an analogue electrical signal is a pressure transducer. The strain-gage base transducer is one of the most common pressure transducer types, however there are other varieties as well, including absolute, gauge, differential, and multivariable transmitters. The primary properties of a disposable pressure transducer include, accurate measurement that is ensured by continuously auto-monitoring of real-time hemodynamic changes and superior sensitivity is provided by a modern CMOS chip. The majority of monitors on the market may be connected using a variety of common connection types.

COVID-19 Impact: Pandemic Decreased the Market Demand

The world is now more aware of the increasing probability and dangers posed by a sudden health crisis as a result of the COVID-19 pandemic. Countries like China, Italy, and the US among others invested all their resources into building new hospitals and better healthcare facilities to treat the growing patient population. Because of the pandemic's enhanced level of caution, the healthcare and non-healthcare industries have joined forces to produce additional supply of healthcare units including disposable pressure transducer. The expanding awareness of quick and simple ways to get test results is another factor contributing to the increased demand for the product.  The pandemic has altered consumer goals and expectations, with a recent focus on technology use. This increasing reliance of the consumers and the healthcare facilities on such devices as spurred a growth in the market.

Latest trends

"Growing technological advancement is accelerating market expansion."

Primary manufacturers of the device are being able to develop cutting-edge medical gadgets as a benefit from technological development in the sector. For instance, the biometric technology business Valencell has been creating cutting-edge sensor technologies for wearables and hearables to enable significant improvements in health.  In order to provide accurate readings and speed up market growth, researchers have most recently developed calibration-free, cuffless blood pressure monitoring transducers that can be used in a variety of devices, including smartwatches, fitness bands, patches, and pulse oximeter finger clips, among others. Such technological advancements are becoming a key contributing factor for the market growth of these devices.

Disposable Pressure Transducer Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Adult transducers andPediatric & flushless transducers

• By Application Analysis

Based on application, the market can be divided into Intra cranial pressure, CathLab, Intra- abdominal pressure, Intrauterine pressure, Urodynamic pressure

Driving Factors

"Increasing number of chronic diseases among population is driving the growth of the market"

The number of people getting diagnosed with chronic diseases is on the rise. This has influenced the disposable pressure transducers market positively owing to the fact that they are able to enable prompt diagnosis of the deteriorating health conditions of the patient. According to the World Health Organization about 2.50 billion people worldwide were estimated to have hypertension in 2020, which is the leading cause of early mortality. Globally, there are more cases of hypertension, which has led to growth in demand for home monitoring equipment. Additionally, the advantages of automated equipment, such as repeated blood pressure checks to ensure accuracy and prohibition of mercury devices, are accelerating this progress during the forecasted period.

"Degrading living conditions due to environmental factors and sedentary lifestyles"

While more often than not we can give technology its due credit for making our lives easier, its impact in the environment nevertheless in some cases at least is creating concerning living conditions. The degrading air quality for instance is increasing the risk of heart failure in people. Moreover, the sedentary lifestyle of the mass is leading to further indulgence in activities like smoking and drinking which might have a terminal effect on the cardiovascular systems. Owing to such conditions leading to increase in blood pressure and other cardiovascular diseases leading to the Disposable Pressure Transducer Market growth.

Restraining Factors

"High expenses linked with Disposable Pressure Transducer Market"

Due to these devices' expensive costs, the use of Disposable Pressure transducers is restricted in many poor nations, which restricts the market's expansion. According to Cleveland Clinic, the retail cost of blood pressure monitoring transducers vary depending on the kind of device, from USD 40 to USD 60. Although new competitors are coming onto the scene with inexpensive gadgets, consumers in low-income nations still appear to pay higher average retail costs overall. Consequently, it is anticipated to restrain market expansion during the forecasted period.

Disposable Pressure Transducer Market Regional Insights

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"North America to lead the market owing to the hyper advancement in health care facilities in the region."

The market is projected to be dominated by North America by occupying a major part of the Disposable Pressure Transducer market shares. This projected market dominance by the region can be justified by factoring in the hyper advancement in health care facilities in the region and the increasing application of technologies to make the healthcare system more efficient. In addition, the Centers for Disease Control and Prevention estimates that almost 47% of individuals in 2020 had hypertension, raising the requirement for pressure monitoring transducers and fuelling the expansion of this market.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market."

The key players in the market employ a number of different primary tactics, including product launches, acquisitions, cooperation, joint ventures, and regional growth. Therefore, the major manufacturers are actively conducting various collaborated ventures and engaging in mergers and acquisitions in order to improve their product portfolios and cement their position in the market.

List of Market Players Profiled

• Elcam Medical
• Smiths Medical
• Edwards Lifesciences
• Argon Medical Devices
• Medline Industries, Inc.
• ADInstruments

Report Coverage

This report examines an understanding of the Disposable Pressure Transducer market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.