Pressure monitoring devices are essential in the measurement and monitoring of hypertension. The pulse-checking devices are extremely accurate, allowing doctors and healthcare professionals to treat patients appropriately. SunTech Medical Inc., Omron Healthcare, Inc., and others have launched a variety of innovative pressure monitoring devices in recent years, not only for detecting blood pressure but also for detecting temperature, heart rate abnormalities, vital signs, and more.
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[142 Pages Report] The overall market for pressure monitoring is expected to reach $8,040.6 million by 2020 from $6,000.0 million in 2015, growing at a CAGR of 5.0% during Forecast periods.
Pressure monitoring plays an important role in detecting the health problems of a patient. The major fluctuations of pressure in the vital areas of the body may cause various chronic and acute diseases such as diabetes, cardiac arrest, and glaucoma. 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 major factors responsible for the growth of the pressure monitoring are the rising prevalence of chronic and acute diseases, growth of aging population, new product launches, increase in the lifestyle related diseases, and technological advancements. Due to these factors, the demand for pressure monitoring is increasing. On the other hand, lack of trained professionals, short shelf life of the device, accuracy of devices has may restrain the growth of the market.
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The report segments the global market of pressure monitoring on the basis of product type, procedure, therapeutic application, end user, and geography. On the product type, pressure monitoring devices segment is expected to account for the largest share in 2015, closely followed by the pressure monitoring accessories segment. The pressure monitoring device segment is further segmented into blood pressure monitoring devices, intraocular pressure monitoring devices, intracranial pressure monitoring devices. The blood pressure monitoring devices segment is expected to grow at the highest CAGR during the forecast period, owing to increasing prevalence of hypertension, increasing use of non-invasive devices, and patient compliance.
On the basis of end user, the global market for pressure monitoring is segmented into hospitals, ASCs/clinics, home care settings, diagnostic centers and other end users.
Regional Growth Analysis:
The report covers the patient monitoring devices market across five major geographies, namely, Europe, North America, Asia Pacific, Latin America, and MEA. North America commanded the largest share of the patient monitoring devices market in 2019. The increasing R&D to develop novel sensor based patient monitoring systems, rising prevalence of infectious diseases, safety concerns, and technological advancements in patient monitoring devices products are the key factors supporting market growth in North America.
Key players in the pressure monitoring market include Philips Healthcare (The Netherlands), GE Healthcare (U.K.), Welch Allyn, Inc. (U.S.), Medtronic (U.S.), and Drägerwerk AG & Co. KGaA (Germany).
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