Global Medical Pressure Transducers Market Is Expected To Reach About 251 Million USD By 2025 From 432 Million USD In 2017
Thursday, 25 Oct, 2018
The global market for Medical Pressure Transducers is expected to reach about 251 Million USD by 2025 from 432 Million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 7.0% during the analysis period, 2017-2025. The medical pressure transducer is a therapeutic device that converts one form of energy to another, e.g., from pressure to electric signal, these devices are almost used everywhere in the medical field as they deliver an exact and quick adaptation of body activities. Due to the low cost, faster analysis, ease of use, the Medical Pressure Transducers is projected to grow at the highest CAGR in the upcoming period.
The industry is relatively concentration, the key brand include Edwards Lifesciences, Smiths Medical, Argon, ICU Medical, Merit Medical Systems, Biosenor International, ANTMED, Utah Medical, JUNKEN MEDICAL, Ace Medical, George Philips, Biometrix BV, Lepu, SCW Medicath and so on. The top 2 brand account for more than 47% market share in global.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times and supply-lead-times.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.