Market Overview:
The global Intra-Abdominal Pressure Measurement Device Market is estimated to be valued at US$ 106.7 million in 2023 and is expected to exhibit a CAGR of 16.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. The market is witnessing significant growth due to increasing awareness about the importance of intra-abdominal pressure (IAP) monitoring in critically ill patients.
Healthcare providers are focusing on patient safety and recognizing the potential impact of IAP on various organ systems. Monitoring IAP helps in identifying patients at risk of abdominal compartment syndrome and other complications, thus enabling timely intervention and improved outcomes. This factor, coupled with the rising prevalence of diseases such as obesity, kidney conditions, and sepsis, is driving the demand for intra-abdominal pressure measurement devices.
However, the high cost of these devices and limited awareness among healthcare professionals regarding their benefits could hinder market growth to some extent. Manufacturers need to focus on product innovations, affordability, and educational initiatives to overcome these obstacles.
Market Key Trends:
One key trend shaping the intra-abdominal pressure measurement device market is the increasing adoption of wireless and portable devices. These devices offer convenience in monitoring IAP by eliminating the need for cumbersome cables and allowing for real-time monitoring. They enable continuous data collection and remote access, facilitating prompt decision-making by healthcare providers.
For example, CR. Bard, Inc. (Becton, Dickinson, and Company) recently launched a wireless pressure monitoring system that offers accurate intra-abdominal pressure measurements. The device integrates advanced technology to improve patient comfort and overall experience while enhancing healthcare professionals’ efficiency and productivity.
Segment Analysis:
The Intra-Abdominal Pressure Measurement Device Market is segmented based on the type of device, with disposable devices dominating the market. Disposable devices offer advantages such as reduced risk of infections associated with reusable devices, cost-effectiveness, and ease of use. The convenience of disposing of the device after use and the elimination of the need for cleaning and sterilization processes make disposable devices a preferred choice for healthcare providers.
Key Takeaways:
Market Size Related Content:
The global Intra Abdominal Pressure Measurement Device Market Growth is expected to witness high growth, exhibiting a CAGR of 16.1% over the forecast period. The increasing prevalence of diseases such as obesity, kidney conditions, and sepsis, coupled with the growing awareness about patient safety, is driving market growth. For instance, early detection of intra-abdominal hypertension can prevent abdominal compartment syndrome, which can lead to multiple organ failure.
Regional Analysis:
North America is expected to dominate the intra-abdominal pressure measurement device market during the forecast period. The region has a well-established healthcare infrastructure, high adoption rate of advanced medical technologies, and a strong focus on patient safety. Furthermore, the presence of key market players, such as CR. Bard, Inc., and Stryker Corporation, in North America contributes to the region’s growth.
Key Players:
Key players operating in the global intra-abdominal pressure measurement device market include 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 companies are actively engaged in product launches, collaborations, mergers and acquisitions to expand their product portfolios and strengthen their market positions.
The intra-abdominal pressure measurement device market is experiencing significant growth attributed to increasing patient safety concerns and awareness about the importance of monitoring IAP. The adoption of wireless and portable devices is a key trend driving market growth. Disposable devices are dominating the market due to their advantages in terms of infection control and cost-effectiveness. North America is expected to be the leading region in this market, supported by its robust healthcare infrastructure and presence of key players. Overall, the market presents lucrative opportunities for both existing and new market players.
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