The global intra-abdominal pressure measurement devices market deals with monitoring and measurement of internal pressure inside abdomen. These devices are used to detect high intra-abdominal pressures which could be fatal for patients suffering from hypertension, obesity or abdominal compartment syndrome. Rising cases of lifestyle diseases like diabetes, hypertension and obesity has propelled healthcare needs for effective monitoring of abdominal pressure levels.
The global intra-abdominal pressure measurement devices market is estimated to be valued at US$ 106.7 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 key trends:
Growing prevalence of hypertension and obesity has emerged as a key driving factor for intra-abdominal pressure measurement devices market. Statistics show nearly 1.13 billion people suffered from hypertension globally in 2020. Rise in sedentary lifestyle and unhealthy eating habits has significantly increased number of obese population worldwide. Abdominal fat accumulation in obese and overweight people increases risks of developing higher abdominal pressure. This has triggered higher demand for IAP monitoring devices from healthcare facilities for at-risk patient groups. Manufacturers are also focusing on developing easy-to-use, non-invasive and accurate IAP monitoring solutions to better serve healthcare needs of growing hypertensive and obese patient pool globally.
SWOT Analysis
Strength: Intra Abdominal Pressure Measurement Devices allow for non-invasive monitoring of intra-abdominal pressure which reduces risks associated with invasive procedures. They provide real-time pressure monitoring which helps in timely clinical decision making.
Weakness: Intra Abdominal Pressure Measurement Devices require trained professionals for operation and cannot be used by ordinary patients or caregivers which limits their application setting. They also have a relatively higher cost of acquisition and maintenance compared to traditional methods of monitoring intra-abdominal pressure.
Opportunity: Rising prevalence of conditions requiring monitoring of intra-abdominal pressure like acute respiratory distress syndrome (ARDS) and compromised abdominal wall conditions offer significant growth opportunities. Increasing adoption in ICUs and emergency hospital settings also presents lucrative opportunities.
Threats: Presence of alternative techniques like bladder pressure monitoring for measuring intra-abdominal pressure poses competition threat. Stringent regulatory processes and standards for new product approval also delay market entry of novel devices.
Key Takeaways
The global Intra Abdominal Pressure Measurement Devices market is expected to witness high growth. The market size is projected to grow from US$ 106.7 Mn in 2023 to US$ 297.3 Mn by 2030 at a CAGR of 16%.
Regional analysis: North America dominates the global Intra Abdominal Pressure Measurement Devices marketCurrently, North America dominates the Intra Abdominal Pressure Measurement Devices market, followed by Europe. This is majorly attributed to growing elderly population vulnerable to critical care conditions. Additionally, presence of advanced healthcare facilities and favorable reimbursement policies support market growth in the region. Asia Pacific is expected to witness fastest growth during the forecast period supported by rising medical tourism, healthcare spending and increasing adoption of critical care devices.
Key players: Key players operating in the Intra Abdominal Pressure Measurement Devices 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. Major players are focusing on new product launches and geographic expansion to consolidate their market presence.
*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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