Key players in pressure monitoring industry include Philips Healthcare (The Netherlands), GE Healthcare (U.K.), Welch Allyn, Inc. (U.S.), Medtronic (U.S.), and Drägerwerk AG & Co. KGaA (Germany). In pressure monitoring market research report factors like rising incidences of chronic & acute diseases, increase in aging population, technological advancements, changing lifestyle which in turn increased prevalence of diseases are driving growth of pressure monitoring market.
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Pressure monitoring market is expected to reach USD 8,040.6 million by 2020 from USD 6,300.0 million in 2015, growing at a CAGR of 5.0% from 2015 to 2020. The market is categorized on the basis of product type, procedure, therapeutic application, end user, and geography.
The product type, pressure monitoring devices segment is expected to account for the largest share in 2015, closely followed by the pressure monitoring accessory segment.
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Pressure Monitoring Market, By Therapeutic Application
2 Respiratory Disorders
4 Cardiac Disorders
5 Neurological Disorders
Pressure Monitoring Market, By End User
3 Home Care Settings
4 Ambulatory Surgical Centers/Clinics
5 Diagnostic Laboratories
Pressure monitoring plays an important role in detecting the health problems of a patient. Major fluctuations of pressure in vital areas of body may cause various chronic & acute diseases such as diabetes, cardiac arrest, & glaucoma.
Increase in the prevalence of above mentioned diseases and growing aging population have increased the need for pressure monitoring and control in market.
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Apart from complete geographic and product analysis & market sizing, report also provides a competitive landscape that covers growth strategies adopted by industry players over last three years. In addition, company profiles comprise basic views on key players in pressure monitoring market and product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in near future.
Premium Insights Covered in This research are as follows
- Pressure Monitoring Devices Market
- Pressure Monitoring Market, By End User
- Blood Pressure Monitoring Market, By Device
- Pressure Monitoring Market, By Device
- Geographic Snapshot
Key players in the pressure monitoring market include Philips Healthcare (The Netherlands), GE Healthcare (U.K.), Welch Allyn, Inc. (U.S.), Medtronic (U.S.), and Drägerwerk AG & Co.
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Major factors responsible for growth of pressure monitoring are rising prevalence of chronic & acute diseases, growth of aging population, new product launches, increase in lifestyle related diseases, & technological advancements. Due to these factors, demand for pressure monitoring increasing.
On other hand, lack of trained professionals, short shelf life of device, accuracy of devices has may restrain growth of market.
Asia is expected to be the fastest growing region in the pressure monitoring market. High growth in this market can be attributed to the increased in growing population, rising prevalence of chronic and acute diseases in the emerging markets, and huge undiagnosed population.
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