by The global Intra Abdominal Pressure Measurement Devices Market is estimated to be valued at US$ 106.7 Mn or Mn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Intra abdominal pressure measurement devices are primarily used to detect and measure pathological intra-abdominal hypertension and monitor critically ill surgical and intensive care patients. These devices help in assessing the risk of organ dysfunction and evaluating response to therapeutic interventions.
Market key trends:
One of the key trends in the intra abdominal pressure measurement devices market is the increasing preference for minimally invasive surgeries. Minimally invasive surgeries help minimize pain, reduction in risk of surgical site infections, reduced hospital stay, and quick recovery. This has increased the demand for accurate intra abdominal pressure monitoring devices during minimally invasive surgeries. With technological advancements, manufacturers are developing small and easy to use pressure monitoring devices suitable for minimally invasive surgical procedures.
Market Key Trends:
The intra-abdominal pressure measurement devices market is witnessing increasing adoption of minimally invasive monitoring solutions. There is a growing demand for continuous monitoring devices that can help clinicians monitor patients’ condition in real-time across various care settings. Various devices available in the market are facilitating faster recovery, reduced complications and hospital stay. Additionally, innovations leading to development of cost-effective and portable devices are expected to support the growth of this market over the forecast period.
SWOT Analysis
Strengths: Minimally invasive nature of devices enables continuous monitoring without major surgery.Wide range of devices catering to varied clinical needs.
Weaknesses: High costs of automated devices limit widespread adoption.Availability of alternative monitoring methods.
Opportunities: Growing ICU admissions and rising surgical procedures point towards increased demand.Potential in emerging markets with improving healthcare infrastructure.
Threats: Stringent regulatory approvals and reimbursement policies pose challenges.Threat from local players offering low-cost alternatives.
Key Takeaways
The Global Intra-Abdominal Pressure Measurement Devices Market Size is expected to witness high growth, exhibiting CAGR of 16% over the forecast period, due to increasing number of surgical procedures, rising obese and elderly population.
Regionally, North America dominated the market and accounted for highest revenue share in 2023 due to presence of major players, rising healthcare expenditure and technological advancements. However, Asia Pacific is projected to witness fastest growth over the forecast period supported by growing medical tourism, increasing healthcare spending and expanding medical infrastructure in developing countries.
Key players operating in the intra-abdominal pressure measurement devices market are CR. Bard, Inc. (Becton, Dickinson, and Company), ConvaTec Group PLC, Stryker Corporation, Biometrix Ltd. (Degania Silicone, Ltd.), Centurion Medical Products (Medline Industries, Inc.), and Potrero Medical. These players are focusing on new product launches and expansion in emerging markets to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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