Vision Research Report, Recently Announced New Report on “pressure monitoring market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “Pressure monitoring market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Pressure monitoring research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The Pressure monitoring market revenue share is set to grow at a yearly rate of 22.8% during 2021-2030, while its valuation is Projected to jump from $ 16.7 Bn in 2020 to $21.9 Bn in 2030.
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Report Highlights
BP monitoring devices held the largest market share in 2020 on account of the rising prevalence of pressure fluctuations and hypertension. This has led to the huge adoption of BP monitors amongst such groups of the population.
The market has witnessed technological advancements such as wearable BP monitors that can be connected to smartphone applications. For instance, Philips Healthcare launched the Upper Arm BP monitor, which helps in tracking BP and heart rate while connecting to Philips HealthSuite Health app.
Patients need to monitor their BP at regular intervals in order to combat pressure fluctuations. As per the Center for Disease Control and Prevention (CDC), hypertension affects nearly 1 in every 3 adults of the overall American population. Thus, the presence of a high number of people diagnosed with high BP is anticipated to drive the demand for BP monitoring devices.
Pulmonary pressure monitoring is expected to showcase significant growth over the forecast period. This can be attributed to the rising prevalence of respiratory diseases and their subsequent complications. People with respiratory diseases require a diagnosis in order to check the amount of oxygen content in the blood. This is expected to foster the market growth in the near future.
On the basis of procedure, noninvasive techniques accounted for the largest revenue share, in 2020, owing to the huge adoption of noninvasive BP monitoring devices. Moreover, people prefer the noninvasive techniques of diagnosis to obtain rapid results and avoid complications.
Pulmonary pressure monitors such as pulse oximeters and capnographs majorly involve the noninvasive techniques of measuring the pulse rate. Medtronic introduced Capnostream 35 Portable Respiratory Monitor, which helps in noninvasive, real-time respiratory status monitoring of etCO2, respiration rate, SpO2, and pulse rate.
IOP monitors involve noninvasive devices to measure fluid pressure inside the eye. Patients at a high risk of glaucoma need diagnosis with tonometers, which help detect this disease. For instance, Icare ic100, manufactured by Icare Finland Oy helps in measuring the IOP of the patient.
The invasive technique segment is expected to witness significant CAGR over the forecast period due to rising cases of brain injuries. In such cases, ICP monitoring is required to diagnose the pressure of the blood vessel tissues in order to avoid any severe damage to the brain.
On the basis of application, cardiac disorders held the largest market share in 2020 owing to the rising prevalence of cardiac-related disorders. Cardiac disorders lead to pressure fluctuations. Hypertension is one of the major problems faced by people suffering from cardiac disorders. Hence, such a group of people is likely to generate huge demand for BP monitoring devices.
Respiratory diseases are projected to exhibit significant growth over the forecast period. This can be attributed to the rising prevalence of respiratory disorders, which lead to shortness of breath. With such a growing number of cases of respiratory diseases, there is an escalating need for pulse oximeters, capnographs, and spirometers, which is expected to support the growth of the target market.
Glaucoma is another important segment accelerating the growth of the market. Glaucoma can be detected by measuring the eye fluid pressure. IOP varies throughout the day and night. It also changes as a result of various factors such as respiration, heart rate, and topical drugs.
Neurological disorders might cause damage to the nervous system. With a rise in ICP, the patient might suffer from brain tissue or ischemic neuronal damage. Hence, ICP monitoring is widely used by healthcare professionals in case of brain injuries to examine the condition of the skull.
On the basis of end-use, hospitals dominated the market in 2020 due to the wide usage of pressure monitoring devices in hospital settings. ICP monitors are used in hospitals to examine neurological complications due to brain injury. Other devices such as pulmonary pressure monitors and BP monitors are also used by healthcare professionals in hospitals as a part of any ongoing treatment.
Home care settings are expected to showcase significant growth over the forecast period due to the introduction of a large number of BP monitors that can be used at home. Patients find it convenient to use these technologically advanced devices for self-monitoring of BP.
Ambulatory surgical centers and clinics are also growing at a lucrative rate over the forecast period due to the rising number of people with problems related to pressure fluctuations. Such people need diagnosis at regular intervals, hence they visit clinics for regular BP checkups.
Ambulatory surgical centers also require such monitoring devices during a surgical procedure. These devices help in assessing the condition of the patient for conducting any complex treatment.
North America dominated the market owing to rising healthcare expenditure in the U.S. and the development of sophisticated infrastructure in the country. Moreover, the rising prevalence of cardiac-related disorders in the U.S. is also supporting the growth of this regional market.
Europe held a significant share in 2020 owing to the rising geriatric population base in this region. The geriatric population gets affected by a large number of diseases, for instance, hypertension. Poor heart condition also results in cardiac problems amongst this group of population. As a result of the aforementioned factors, Europe is expected to drive the market at a significant growth rate.
The Asia Pacific is projected to witness the highest growth over the forecast period. This is due to the rising prevalence of chronic diseases such as respiratory and cardiac disorders. People affected with such diseases need pressure monitoring at regular intervals in order to maintain their overall wellbeing.
Global Pressure monitoring market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Pressure monitoring trade trends and promoting channels analysed. Pressure monitoring Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
Philips Healthcare; Welch Allyn; GE Healthcare; Drägerwerk AG & Co. KGaA; Medtronic; Becton, Dickinson and Company; Nonin Medical Inc.; A&D Medical; NIHON KOHDEN CORPORATION; Smiths Medical; Icare Finland Oy; Essilor; and NIDEK CO., LTD.
Market Segmentation
Global Pressure monitoring Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Pressure monitoring market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
Pressure monitoring Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Pressure monitoring Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Pressure monitoring Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Pressure monitoring Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Pressure monitoring Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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