According to the current analysis of Reports and Data, the global Neonatal Disposable Blood Pressure Cuffs market was valued at USD 142.8 million in 2018 and is expected to reach USD 391.5 million by year 2026, at a CAGR of 13.4%. Neonatal Disposable Blood Pressure Cuffs are increasingly adopted by hospitals and clinics due to the high incidence of Hospital Acquired Infections (HAIs). The single-patient one-time use of blood pressure cuffs is designed specially to avoid cross-contamination. Several Disposable BP cuffs have been developed to meet the varying needs of patients and medical facilities.
High incidence of hypertension among adults and pediatrics, obesity, sedentary lifestyle, and aging demographics are some of the key factors propelling market growth. According to the World Health Organization (WHO), beyond 39% of adults aged 18 years and over are overweight, and more than 40 million children under the age of 5 are obese. It is the most prevalent medical condition, and it is one of the primary reasons for hypertension, increasing the prevalence of overweight and obesity is expected to grow the demand for disposable BP cuffs. Increasing public awareness about contagious infections and HAIs due to reusable devices and medical accessories is expected to raise the demand. Moreover, technologically advanced products are expected to drive market growth. The manufacturers are increasingly focusing on developing sustainable and user-friendly products at lower prices.
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Some Key Factors Contributing to the Global Pharma & Healthcare Market Growth
Unprecedented revenue growth of the global pharma & healthcare industry is attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing geriatric population, rising awareness of health & wellness among consumers, and growing demand for more advanced healthcare services. Increasing demand for advanced drugs and therapeutics, increasing availability of next-generation diagnostics and treatment options – especially in developing countries like India and China – rise in R&D activities and clinical trials in the pharmaceutical and biotechnology sectors, increasing public and private investments in healthcare research projects, and rising consumer expenditure on healthcare are among the other significant factors contributing to the industry revenue growth.
Further key findings from the report suggest
- Neonatal Disposable Blood Pressure Cuffs market is growing at a CAGR of 1% in Asia Pacific followed by North America and Europe, with 13.3 % and 13.1% CAGR, respectively. High prevalence of hypertension across the globe is the key factor to accelerate the market growth during forecast period across all regions
- As of 2018, Healthcare settings is the dominating Neonatal Disposable Blood Pressure Cuffs which holds 42.7% of the global market. North American regional market is the chief revenue generating source for this product segment, followed by Europe and Asia-Pacific regions
- Homecare settings is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 14.1%.
- Adult Disposable BP Cuffs product type segment was valued at USD 55.4 million and is expected reach USD 149.8 million by 2026
- Asia Pacific is expected to account for the 24.8% of the global Neonatal Disposable Blood Pressure Cuffs market. Developing nations such China, and India are likely to witness high growth
- Europe is the second largest region in terms of revenue generation after North America and was valued at USD 44.6 Million in 2018
- Associated side effects related to Neonatal Disposable Blood Pressure Cuffs and lack of favourable reimbursement policies globally
Top Players in the Global Neonatal Disposable Blood Pressure Cuffs Market:
Conmed, GE Healthcare, Cardinal Health, Koninklijke Philips N.V., Microlife AG, Welch Allyn Inc., SunTech Medical Inc., Spacelabs Healthcare Inc., American Diagnostic Corporation, Omron Healthcare Inc., Briggs Healthcare
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Neonatal Disposable Blood Pressure Cuffs Market Segmentation:
Product Type (Revenue, USD Million; 2016–2026)
- Neonatal Neonatal Disposable Blood Pressure Cuffs
- Pediatric Neonatal Disposable Blood Pressure Cuffs
- Adult Neonatal Disposable Blood Pressure Cuffs
End-Use (Revenue, USD Million; 2016–2026)
- Healthcare Centers
- Homecare settings
- Academic and Research institutions
Global Neonatal Disposable Blood Pressure Cuffs Market Report: Regional Segmentation
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Frequently Asked Questions Answered in the Report:
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The Blood Pressure Transducers Market 2021 research report gives emerging industry data, global segments and regional outlook.
This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the blood pressure transducers market include Medtronic plc, Omron Healthcare, GE Healthcare, Inc., Masimo Corporation, Spacelabs Healthcare, Utah Medical products, Inc., Edwards Lifesciences, ICU Medical, Becton, Dickinson and Company (BD), MEMSCAP, Argon Medical Devices, Merit Medical Systems, Fiso Technologies, Fogg System Company, Iworx Systems, Junken Medical, Medline Industries, Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Blood Pressure Transducers Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/blood-pressure-transducers-market/download-sampleMarket DynamicsBlood pressure transducers are experiencing notable growth owing to a rise in the prevalence of low/high blood pressure among the aging people, sedentary lifestyle, lack of physical activities, and hypertension.
