Medical Pressure Transducers Market Set for 6.4% CAGR, Fueled by Technological Advancements
The Medical Pressure Transducers Market is projected to grow significantly, with the market size expected to reach approximately USD 690.5 million by 2033, up from USD 371.3 million in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period from 2024 to 2033. This growth is driven by several factors, including the rising prevalence of cardiovascular diseases and hypertension, which necessitates accurate blood pressure monitoring. Additionally, technological advancements, such as the development of digital transducers that enhance connectivity with patient monitors, are fueling market expansion. Challenges in the market include pricing pressures from low-cost suppliers and…
- Date: May 20, 2024
- Author: Robert Shaw
- Category: PharmiWeb