Pressure Monitoring Devices Market Worth USD 10.7 Billion Till 2024
Global Pressure Monitoring Devices Market, By Product Type (Blood pressure, Pulmonary Pressure Monitors, Intraocular Pressure Monitors, Intracranial Pressure Monitors, Intracranial Pressure Monitors and Other Pressure Monitoring Devices), By Application (Respiratory Disorders, Glaucoma, Cardiac Disorders, Neurological Disorders, Dialysis), By Procedure (Non-invasive and Invasive), By End User (Hospitals, Ambulatory Surgical Centres and Clinics, Diagnostic Laboratories, Physician), By Distribution Channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Global Pressure Monitoring Devices Market is expected to reach USD 10.7 billion by 2024 from USD 6.5 billion in 2016, at a CAGR of 6.4% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The usage of pressure monitoring devices market are growing rapidly because of the increasing work pressure due to which stress is increasing day by day, Lifestyle is changing daily in terms of living, the daily food consumption, People are now-a-days are not health conscious and hence this is the reason why obesity is found in huge numbers over the globe. Geriatric population, rising obese population, sedentary lifestyle are the factors that contribute to the growing incidence of hypertension. The high blood pressure generally develops with changing lifestyle and growing age. Rising incidence of blood pressure increases the awareness about blood pressure monitoring techniques. Hypertension is a chronic condition and a leading cause of death and is responsible for cardiovascular diseases and heart attacks globally.
Some of the major Companies operating in this market are:
• Withings SA
• Koninklijke Philips N.V.
• American Diagnostic Corporation
• General Electric Company
• Welch Allyn
• OMRON HEALTHCARE Co. Ltd.
• A&D Medical
• SunTech Medical, Inc.
• Spirit Medical Co.
• Briggs Healthcare
• Drägerwerk AG & Co. KGaA
• Siemens Healthcare GmbH
• Medtronic
• CAS Medical Systems, Inc.
• Rossmax International Ltd.
• GF HEALTH PRODUCTS, INC.
• OSI Systems, Inc.
• NIHON KOHDEN CORPORATION.
• Compumedics Limited
• Electrical Geodesics, Inc.
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The Global Pressure Monitoring devices market are segmented on the basis of Product type, by application, by Procedure, by End-user, by Distribution Channel and by geography.
On the basis of the product type the global pressure monitoring devices market is segmented into blood pressure (Automated BP Monitors, Ambulatory BP Monitors, Sphygmomanometers, BP Transducers), Pulmonary Pressure Monitors (Oximeters, Capnographs, Spirometers), Intraocular Pressure Monitors (Prisms, Prisms Sterilizers, Tip Covers, Sensors).
The global Pressure Monitoring devices market are segmented on the basis of application into Respiratory Disorders, Glaucoma, Cardiac Disorders, Neurological Disorders and Dialysis.
The global Pressure Monitoring devices market are segmented on the basis of Procedure into Invasive and Non-invasive.
The global pressure monitoring devices market is also segmented on the basis of end users into Hospitals, Ambulatory Surgical Centres and Clinics, Diagnostic Laboratories, Physician.
Based on geography the global pressure monitoring devices market is segmented into:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
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The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.
The global pressure monitoring devices market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes company share data for different geographies including Global, North America, Europe and APAC. SunTech Medical will work with Masimo to integrate its SET pulse oximetry tech into SunTech’s CT40 next-gen spot-check vital signs device.
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