Cognota Healthcare secures USFDA nod for blood pressure monitor device
Pune: Healthtech company Cognota Healthcare has announced that the United States Food and Drug Administration (US FDA) has approved the company's blood pressure monitor device- 'COGNOHEALTH Blood Pressure Monitor'.
The 'COGNOHEALTH Blood Pressure Monitor' device is powered by state-of-the-art technology that has been designed and developed by experts in Cognota's R&D team. Approval from the US FDA, one of the apex healthcare regulatory bodies of the world, enables Cognota to expand its existing portfolio of healthtech solutions that include Remote Patient Monitoring (RPM), Teleconsultation Platform, and Smart ICU among others.
"The regulatory approval is a significant milestone for Cognota which can now export its blood pressure monitor devices to the US, Europe, and other overseas countries along with tapping the burgeoning Indian market," the company stated.
Estimates suggest that the blood pressure monitoring devices market size is likely to surpass around $2.66 billion by 2027 globally, at a CAGR of 8.56 per cent during the 2021 to 2027 period. India is considered one of the top 20 markets for medical devices globally. The total market size is likely to touch $50 billion by 2025, according to some estimates.
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