The Invasive Blood Pressure Monitoring Transducers market is growing at a significant rate as there has been a rapid increase in population with chronic diseases that is rising the demand of invasive blood pressure transducers. Invasive blood pressure monitoring transducers are designed to provide accurate and consistent reading of arterial and venous blood pressure measurement. It is available with integral Velcro strap that helps in easy mounting. The transducer displays the blood pressure data graphically on screen by connected to a pressure monitor. Recently, transducers are available without cable which provides an economical solution for blood pressure detecting application. Nowadays, standards for blood pressure transducers have been developed by the Association for the Advancement of Medical Instrumentation (AAMI) and adopted by the American National Standards Institute (ANSI). These standards should greatly simplify transducer selection and will eventually allow the same transducer to be used interchangeably with any monitor. The transducers are used in Intensive Care Units and Operating Rooms as it relay blood pressure information from a pressure monitoring catheter (arterial line, central venous pressure line, or other pressure monitoring products) to the patient's monitoring system. Invasive Blood Pressure Monitoring Transducers Market is set to register a CAGR of 4.9% during the forecast period 2021-2026.
Moreover, according to Center for Disease Control and Prevention, nearly 47% of people are suffering from hypertension in 2020 that is increasing the need of invasive blood pressure monitoring transducers. The Disposable segment is analyzed to hold a major share in type segment owing to its availability at low cost, easy to use and helps in reducing hospital acquired infection. Moreover, various manufacturers are adopting disposable transducers owing to its safe usage and no side effects that further enhances the demand of disposable transducers. Moreover, the abdominal segment is considered as the fastest growing segment as recently, the incidence of intra abdominal hypertension increased at a rate of 15.8% in 2019 that is growing the need of accurate measurement for intra-abdominal pressure. This factor helps in increasing the demand of invasive blood pressure monitoring transducers market. However, Asia Pacific is projected to be the fastest growing market owing to lack of activity among population that is rising the risk of health problems. In India, about 64% of people meet the minimum healthy levels of physical activity that is rising the incidence of low and high blood pressure which needs the use of invasive blood pressure monitoring transducers in various healthcare industry.
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Invasive Blood Pressure Monitoring Transducers Market Growth Drivers:
Rising number of chronic disease among patients escalating the demand for invasive blood pressure monitoring transducers
According to the World Health Organization in 2020, around 2.50 billion people were suffering from hypertension that is the major cause behind the premature death. Hypertension is a serious medical condition that can increase the risk of heart, brain, kidney, and other chronic diseases. 1 in 4 men and 1 in 5 women is at the risk of it. The increasing incidences of hypertension globally has led to an increase in the demand for home monitoring devices. In addition, the benefits associated with automated devices such as repetitive measurements of blood pressure to check the accuracy and banned mercury devices are also escalating the growth of the Invasive Blood Pressure Monitoring Transducers Market during the forecast period 2021—2026.
Growing Advancement in Technology is driving the growth of Invasive Blood Pressure Monitoring Transducers Market
Technological advancement in medical industry helps manufacturers to develop variety of innovative medical devices. For instance, Valencell, biometric technology company has been developing innovative sensor technologies for wearables and hearables to enable impactful health outcomes. Most recently, the researchers have cultivated a calibration-free, cuffless blood pressure monitoring transducers that can be used in a range of devices including smartwatches, fitness bands, patches, and pulse oximeter finger clips among others to provide accurate readings which helps in accelerating the growth of Invasive Blood Pressure Monitoring Transducers Market.
ICU Medical collaborated with Imprivata, a healthcare IT security company to enhance the security of medical devices. Working together, Imprivata and ICU Medical will develop solutions to identify users and improve physical security and cybersecurity for network-connected infusion pumps. It also focuses on developing solutions designed to address security vulnerabilities for network-connected medical devices and the applications with which they exchange information.
The Major Players in this Market Include
The major companies in the Invasive Blood Pressure Monitoring Transducers market include Edward Lifesciences LLC, ICU Medical, Merit Medical Systems Inc., Codan, Utah Medical Products Inc., ITL Biomedical, and many others.
In 2021, BQ+ Medical co. Ltd. expanded its invasive blood pressure transducer products by adding 3-way stopcock. This expansion helps to treat critically ill patients such as shock patients, cardiac surgery, and organ transplantation and are widely used in the clinical practices which increases the demand of 3-way stopcock in invasive blood pressure transducers products. Over the years, companies have mainly focused on research and development and have been investing in developing various products. These advancements in R&D is likely to drive the Invasive Blood Pressure Monitoring Transducers market during the forecast period 2021-2026.
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