Press release
Pressure Monitoring Market is Globally Expected to Drive Growth Through 2022-2028 | At a CAGR of 6.3%
The global pressure monitoring market is expected to reach USD 13.66 billion in 2028 and register a revenue CAGR of 6.3% over the forecast period, according to latest report published by Reports and Data. Key factors driving global market revenue growth are increasing prevalence of chronic diseases such as cardiovascular diseases, neurological disorders, and pulmonary illnesses, increasing adoption of homecare settings, rising number of product approvals and increasing disposable income.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1494
Increasing geriatric population across the globe, rising cases of hypertension, improving healthcare infrastructure, and availability of various advanced pressure monitoring services are key factors fueling market growth
The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, the growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. A combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription has significantly contributed to the revenue growth of the market.
Research Methodology:
Reports and Data utilizes a unique approach to research to offer a comprehensive overview of the global Pressure Monitoring Market to offer insights into investment opportunities for stakeholders, investors, clients, and businesses to make informed decisions. The report includes SWOT analysis, Porter's Five Forces analysis, feasibility analysis, and investment return analysis to offer a better understanding of the market scenario.
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Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.
The growing popularity of over-the-counter medications driving market growth
Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.
Restriction on product launches and R&D activities to hamper the market growth
The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.
Philips Healthcare, Welch Allyn, Inc., GE Healthcare, Nihon Kohden Corporation, Raumedic, Drägerwerk AG & Co. KGaA, Medtronic plc., Becton, Dickinson and Company, Nonin Medical Inc., A&D Medical, Omron Healthcare, Inc., SunTech Medical, Inc., Smiths Medical, Pulnovo Medical(Wuxi) Co.,Ltd, Icare Finland OY, Essilor Group, and Nidek Co., Ltd. are some key players operating in the global pressure monitoring market.
Pressure Monitoring Market Segmentation:
Type Outlook (Revenue, USD Billion, 2018-2028)
Blood Pressure Monitors/Cardiac Pressure Monitors
By Device
Automated BP Monitors
Ambulatory BP Monitors
Sphygmomanometers
BP Transducers
By Technology
Digital
Aneroid
Wearable
By Accessory
Blood Pressure Cuffs
Manometers
Valves and Tubing
Bulbs
Pulmonary Pressure Monitors
Therapeutic Application Outlook (Revenue, USD Billion, 2018-2028)
Respiratory Disorders
Glaucoma
Cardiac Disorders
Neurological Disorders
Dialysis
Others
End Use Outlook (Revenue, USD Billion, 2018-2028)
Hospitals
Home Care Settings
Ambulatory Surgical Centers and Clinics
Diagnostic Laboratories
Others
Regional Outlook:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
Frequently asked questions addressed in the report:
What is the revenue growth rate of the global Pressure Monitoring market over the forecast period?
What are the major factors driving the growth of the Global Pressure Monitoring Market?
What are the key challenges impacting the global Pressure Monitoring market growth?
What are the outcomes of the SWOT Analysis and Porter's Five Forces Analysis conducted in the report?
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