Medical Pressure Transducers Market Analysis, Demand, Suppliers And Forecasts To 2028 by Reports And Data

Reports and Data has recently published a research report on global Medical Pressure Transducers market forecast to 2028 providing an overview of the industry. The report offers precise information about market revenue growth, market size, market drivers, restraints, growth opportunities, and challenges along with details about segmentation and top companies. The global Medical Pressure Transducers market size is expected to reach USD 516.75 Million by 2028 and register a revenue CAGR of 6.4% over the forecast period, according to latest analysis by Reports and Data. Major factors driving market revenue growth are increasing use of peptides in pharmaceutical drugs, rise in research activities and availability of funding for R&D, and development of advanced technological peptide synthesizers.

Peptides are highly specific and effective signalling molecules that bind to specific cell surface receptors such as G protein-coupled receptors (GPCRs) or ion channels, causing intracellular effects. Peptides are an excellent starting point for the development of novel therapeutics due to their excellent pharmacological profile and intrinsic properties. In humans, their specificity has been shown to translate into high levels of protection, tolerability, and efficacy.

Peptide therapeutics have a lower processing complexity than protein-based biopharmaceuticals, resulting in lower manufacturing costs that are similar to those of small molecules. As peptides strike a balance between small molecules and biopharmaceuticals, the Medical Pressure Transducers market has seen a large rise in revenue.

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In addition to conventional peptide design, a number of peptide technologies have emerged that indicate high potential growth opportunities in the Medical Pressure Transducers industry. Among them are multifunctional and cell penetrating peptides, peptide drug conjugates, and innovations focused on different routes of administration.

Peptides have a wide range of applications, ranging from medicine and biotechnology, to therapeutic peptide chemistry in the last decade. Use of peptide for commercial purposes is also on the rise, which is also propelling Medical Pressure Transducers market growth. Lupron, which is a peptide-based drug used to treat prostate cancer and other diseases, had global sales of more than USD 752 million in 2020. In addition, sales for Sanofi's Lantus reached USD 7 billion in 2017. Approximately 140 peptide drugs are in clinical trials and over 500 therapeutic peptides in preclinical processing, and are currently more than 80 FDA-approved peptide medicines are on the market.

Current Medical Pressure Transducers, on the other hand, is primarily focused on legacy technologies that use large amounts of highly volatile reagents and solvents. Lower performance, costly biocatalysts, and a lack of validation protocols are drawbacks of this technology, making peptide production by enzymatic methods difficult.

Some major players in the global Medical Pressure Transducers market include:

Edwards Lifesciences
Smiths Medical
Argon
ICU Medical, Inc.
Merit Medical Systems
Biosenor International
ANTMED
Utah Medical
JUNKEN MEDICAL
Ace Medical

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For this study, Reports and Data has segmented the global medical pressure transducers market based on product type, application, and end-user as follows.

By Product Type (Revenue, USD Million, 2018–2028)

Single-channel Transducer
Dual-channel Transducer
Triple-channel Transducer

By Application (Revenue, USD Million, 2018–2028)

Blood Pressure Monitoring
Respiration Systems
Infusion/Syringe Pumps
Others

By End-user (Revenue, USD Million, 2018–2028)

Hospitals
Clinics
Others

Some Key Highlights From the Report:

In 2020, reagents segment accounted for largest share among other product segments in the global Medical Pressure Transducers market.
The solid-phase synthesis segment is expected to register highest revenue CAGR during the forecast period.

In 2020, pharmaceutical & biotechnological companies segment accounted for largest revenue share owing to increasing number of R&D projects in genomics, molecular biology, and related fields.
North America accounted for largest revenue share in the global market in 2020. This can be attributed to major presence of key market players, increased availability of Medical Pressure Transducers technologies, as well as rising focus on producing peptide-based drugs on commercial scale.

The Medical Pressure Transducers market in Asia Pacific is expected to continue to register fastest revenue growth rate owing to increased investments by pharmaceutical and biotechnology companies as well as increasing R&D activities in countries in the region.

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Regional Outlook (Revenue, USD Million; 2018 – 2028)

North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa

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