Market Overview:
Global Pressure Monitoring System Market size was valued at USD 15.1 Billion in 2022 and is projected to reach USD 39.4 Billion by 2030, growing at a CAGR of 12.8% from 2022 to 2030.
The detection of a patient’s health issues depends heavily on pressure monitoring. Major pressure changes in the body’s important areas can lead to a number of acute and chronic illnesses, including diabetes, cardiac arrest, and glaucoma. The necessity for pressure monitoring and management in the market has increased due to the rise in the prevalence of the aforementioned diseases and the ageing population. Furthermore, pressure monitoring tools are a must for precisely measuring and monitoring a patient’s hypertension. Medical staff is able to give patients the best care possible because of the pulse-checking equipment’s high level of accuracy.
Top Key Players Covered In The Pressure Monitoring System Market:
Philips Healthcare (The Netherlands), GE Healthcare (United Kingdom), Weich Allyn inc. (United States), 3F Medical Systems (China), A&D Company Limited (Japan), Medtronic (United States), Hamaton Automotive Technology Co., Ltd., Omron Corporation (Japan), SunTech Medical, Inc. (US), Drägerwerk AG & Co KGaA (Germany), and Other Major Players
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Market Dynamics and Factors:
The main factors influencing the growth of pressure monitoring are an older population, the introduction of new goods, an increase in the number of conditions linked to lifestyle, and technical advancements. These factors have led to an increase in the need for pressure monitoring, which is assisting the market’s growth. Moreover, pressure monitoring system market are increase in the prevalence of the various chronic and acute diseases such as diabetes, cardiac arrest, and glaucoma.
The ageing population, the increased prevalence of chronic and acute disorders, the introduction of new products, and technological improvements are all contributing to the market’s expansion. On the other side, the market’s expansion is being hampered by the high cost of technical improvements, a shortage of qualified specialists, the accuracy of the devices, and their short shelf lives. With the aid of knowledge and appreciation of the elements that comprise patient monitoring systems, the medical device industry may develop and advance.
Pressure Monitoring System Market Report Highlight:
- By Device Type, the blood pressure segment is anticipated to lead the growth of the Pressure Monitoring System market in the forecasted timeframe. Pressure monitoring devices are an absolute necessity for accurately measuring and keeping an eye on a patient’s hypertension. Due to the high level of accuracy provided by the pulse-checking equipment, medical personnel is able to provide patients with the most effective care possible.
- By end-users, the hospital segment is set to develop at the highest share during the forecasted timeframe. Pressure Monitoring System is popular in the hospitals as it can manage a large volume of health requests. Improvements to the healthcare system and a rapid uptake of cutting-edge BP monitors in hospitals could lead to significant growth potential.
- The North American region is expected to have the highest share of the Pressure Monitoring System market over the projected period. The presence of major industry players in North America, among other things, is one of the most significant reasons driving the growth of this market.
Key Industry Development:
In February 2022, InBody has introduced an autonomous blood pressure monitor that may be used at home. Inbody has come out with a brand-new automatic blood pressure monitor called the BP 170. This monitor gives consumers the choice to self-record and keeps track of important health metrics in their own homes. The new device, which employs the oscillometric approach, is capable of correctly monitoring a person’s diastolic and systolic blood pressure as well as their pulse rate on a daily basis. The new InBody BP 170 at-home device can be used by attaching the one-touch cuff to one of your arms and beginning the reading with the press of a button.
In May 2021, Biobeat, a global leader in wearable remote patient monitoring solutions for the healthcare continuum, launched its new wearable and continuous ambulatory blood pressure monitoring (ABPM) chest-monitoring device. ABPM stands for ambulatory blood pressure monitoring, and it monitors a patient’s blood pressure while they move around. Pressure Monitoring System Market Segmentation:
By Device Type
- Blood Pressure
- Intraocular Pressure
- Intracranial Pressure
By End Users
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic
- Others
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For this report, Introspective Market Research has segmented the Pressure Monitoring System Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
Scope of the Report:
The latest research on the Pressure Monitoring System market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Pressure Monitoring System industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Pressure Monitoring System market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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