Pressure Monitoring Market Size To Reach USD 13.76 Billion By 2028 | Top Key Players Philips Healthcare, Welch Allyn, GE Healthcare

Increase in prevalence of chronic and acute diseases are responsible for the growing CAGR of the pressure monitoring market. Technological development, increase in purchasing power and general awareness about healthcare is further contributing to the rising CAGR.

Based on current analysis, the global Pressure Monitoring market was valued at USD 8,384.0 Million in 2020 and is expected to reach USD 13.76 Billion by 2028, at a CAGR 6.3%. To detect the health problems of the patient, pressure monitoring plays an imperative role. Cardiac disorders commonly lead to pressure fluctuations amongst people. High BP is the most common problem amongst such group of population. Factors fueling the growth of the market, include the massive rise in the incidence of blood pressure-related conditions worldwide, active intervention of the governments across emerging economies, rules and regulations in the steady improvement of healthcare infrastructure, and technological advancements in products. Various complications causing chronic and acute diseases such as diabetes, cardiac arrest, and glaucoma are the major fluctuations of pressure in the vital areas of the body. Increase in the prevalence of the above-mentioned diseases and growing aging population have increased the need for pressure monitoring and control in the market.

The market for blood pressure monitoring devices and accessories is getting promoted due to, rising patient-pool becoming tremendously aware about the variety of monitoring devices and equipment available for the effective management of blood pressure-related health conditions. Moreover, increase in purchasing power of the people will flourish new product launches and varieties that are more feasible to a greater are of the global population. Pressure monitoring market is dominated by North American region and is estimated to do so during the forecast years.

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The global Pressure Monitoring market is expected to register significant growth throughout the forecast period. The pharmaceutical & healthcare sector has register significant revenue growth over the recent past. Technological advancements in the healthcare and medical sector, availability of latest tools and techniques, increasing investments in the healthcare sector and improving healthcare infrastructure are key factors boosting market growth. In addition, rising funds by several public and private sectors, high adoption of POC diagnosis and home care settings, is further fueling market growth.

The current pandemic has been very challenging for all industries including the healthcare and pharma sector. Shortage of medicines, vaccines and others healthcare facilities is expected to open lucrative growth opportunities for market players in going ahead.

Competitive Landscape:

The report offers detailed information about recent activities by market players, their market position, financial status, global standing, services and product portfolio along with license agreement. These key players are adopting various strategies such as partnerships, collaborations, merger and acquisitions, and joint ventures to gain robust footing in the market. These players are also investing in research and development activities to come up with enhanced materials and products.

Key findings from the report

• A new data management model, the Integrated Health Model Initiative (IHMI) was launched by American Medical Association (AMA) in February 2019. IHMI will help to manage critical data that has often gone uncollected, unanalyzed, or unshared. By this organization expects that this previously untapped data will give new opportunities to improve health outcomes.

• In April 2019, Livongo announced the Livongo for Diabetes program this will allow to ask any of their Alexa-enabled devices to provide their blood glucose readings and health tips. It is first consumer digital health company to collaborate with Amazon Alexa on a new HIPAA-compliant healthcare.

• Glaucoma is the second leading cause of blindness globally, unreasonably affecting women and Asians. A study suggests that by 2020 79.6 million people will suffer from open angle glaucoma (OAG)

• The World Health Organization (WHO) recorded 7.5 million deaths due to hypertension, which accounted for around 12.8% of all deaths. Unhealthy lifestyle results in high prevalence of cardiac disorders

• Cardiac disorders registered the largest market share of 50.9% in the pressure monitoring market due to increasing prevalence of the disease while, respiratory disorders showed fastest growth by showcasing highest CAGR of 6.7%

• Number of people with glaucoma is rising, thus, the demand for intraocular pressure (IOP) monitors is also the topmost, thereby, accelerating the demand for such products. According to the National Center for Biotechnology Information (NCBI), people suffering from glaucoma were estimated to be 64.3 million globally

• Technologically progressive and digital blood pressure monitoring machines helped North America to account for a dominant share of 40.1% in the pressure monitoring market.

• Blood pressure monitors/cardiac pressure monitors exhibited the largest market share of 46.6% during change in lifestyle, increase in work pressure and lack of awareness for healthcare

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For the purpose of this study, the market is segmented on the basis of type, applications, procedure, end user and regions:

Type (Revenue in USD Million; 2020–2028)

Blood Pressure Monitors/Cardiac Pressure Monitors
• By Device
o Automated BP Monitors
o Ambulatory BP Monitors
o Sphygmomanometers
o BP Transducers
• By Technology
o Digital
o Aneroid
o Wearable
• By Accessory
o Blood Pressure Cuffs
o Manometers
o Valves and Tubing
o Bulbs
Pulmonary Pressure Monitors
• By Device
o Oximeters
o Capnographs
o Spirometers
• By Accessory
o Flanged Mouth Pieces
o Nasal Probes
o Filters
o Nasal Plugs
o Valves
o Others
Intraocular Pressure Monitors
• By Accessory
o Prisms
o Prisms Sterilizers
o Tip Covers
o Sensors
o Others (Battery, USB Cables, Chargers, and Screw Drivers)
• Intracranial Pressure Monitors
• Other Pressure Monitoring Devices

Therapeutic Application (Revenue in USD Million; 2020–2028)

• Respiratory Disorders
• Glaucoma
• Cardiac Disorders
• Neurological Disorders
• Dialysis
• Other Therapeutic Applications

Procedure (Revenue in USD Million; 2020–2028)

• Invasive monitoring devices
• External Ventricular Drainage
• Micro transducer Monitor
• Non-Invasive monitoring devices
o Transcranial Doppler Ultrasonography
o Optic Nerve Sheath Displacement
o MRI/CT
o Tympanic Membrane Displacement (TMD)
o Fundoscopy (papilledema)

By End User (Revenue in USD Million; 2020–2028)

• Hospitals
• Home Care Settings
• Ambulatory Surgical Centers and Clinics
• Diagnostic Laboratories
• Other End Users

Regional Outlook (Revenue in USD Million; 2020–2028)

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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Key findings in the report:

• Information about key trends, technological developments, growing focus on drug discovery and investments in research and development activities
• Detailed insights about manufactures, product portfolios, pricing analysis and financial pricing
• Technological developments and detailed analysis in the volatile competitive landscape.
• New strategies adopted by new and emerging market players
• Estimation about manufactures, sales and import and export dynamics

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