The Pressure Monitoring Market is expected to reach USD 8,040.6 million by 2020 from USD 6,300.0 million in 2015, growing at a CAGR of 5.0% from 2015 to 2020. The market is categorized on the basis of product type, procedure, therapeutic application, end user, and geography. The product type, pressure monitoring devices segment is expected to account for the largest share in 2015, closely followed by the pressure monitoring accessory segment.
The report ” Pressure Monitoring Market Product (Device (Blood Pressure, Intracranial Pressure, Intraocular Pressure), Accessory), Procedure (Invasive), Application (Respiratory, Glaucoma, Dialysis), End User (Hospital, ASC, Diagnostic) – Forecast to 2020 “, analyses and studies the major market drivers, restraints, opportunities, and challenges in the emerging nations.
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Pressure Monitoring Market Drivers
- Urbanization and Increasing Levels of Pollution
- Technological Advancements
- Growing Prevalence of Chronic and Acute Diseases
- Changing Lifestyles
- Rapidly Increasing Aging Population
Pressure Monitoring Market Restraints
- High Cost of Technological Development
- Hindrance Due to Accuracy and Shelf Life of Pressure Monitoring Devices
- Accuracy of devices
- Short Shelf Life
- Availability of Low-Cost Devices
- Lack of Training On How to Use Devices
Pressure Monitoring Market Opportunities
- Mobile/Smartphone-Based Technologies
- Growing Preference for Home Monitoring
- Increasing Demand for Non-Invasive Devices
- Emerging Markets
- Pressure Monitoring Market Challenges
- Regulatory Hurdles
- Harmful Effects of Certain Pressure Monitoring Devices
- Large Undiagnosed and Untreated Population
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Pressure Monitoring Market, By Region
- North America
- Rest of The World
Factors such as rising incidences of chronic and acute diseases, increase in the aging population, technological advancements, changing lifestyle which in turn increased the prevalence of diseases are driving the growth of the pressure monitoring market. In addition, innovation in the form of non-invasive devices is also contributing to the growth of the market. For instance, in November 2015, Covidien, a part of Medtronic, received the CE Mark for its Nellcor PM100N bedside SpO2 patient monitoring system. This pulse oximetry monitor is meant for home use. This increased the company’s product offerings.
Asia is expected to be the fastest growing region in the pressure monitoring market. High growth in this market can be attributed to the increased in growing population, rising prevalence of chronic and acute diseases in the emerging markets, and huge undiagnosed population.
Apart from complete geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise basic views on key players in the pressure monitoring market and product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms to garner a greater market, share. Firms purchasing the report can use one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the pressure monitoring market. The report analyses this market by route of administration, end user, and geography
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the pressure monitoring market
- Competitive Assessment: In-depth assessment of market strategies, geographical and business segments, and product portfolios of leading players in the pressure monitoring market
- Market Development: Comprehensive information about lucrative markets. The report analyses the market for various pressure monitoring market across countries
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the pressure monitoring market.
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