Report ID :10078917 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Global Pressure Monitoring Industry was valued at USD 7 Billion in the year 2017. Global Pressure Monitoring Industry is further estimated to grow at a CAGR of 5.9% from 2019 to reach USD 11.10 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, U.S, U.K. and China is projected to grow strongly in the coming years due to high rate of investment by R&D.
The Global Pressure Monitoring Industry is segmented as By-Product type, Therapeutic Application, End User, Procedure, and Region. The Product type is divided into blood pressure monitors, intraocular pressure monitoring, pulmonary pressure monitoring, and pulmonary pressure monitoring accessories and by usability in which the blood pressure monitors contributes to the highest Industry share due to increasing prevalence of hypertension, increasing use of non-invasive devices and patient compliance.
Major market players in Pressure Monitoring Industry are Philips Healthcare, GE Healthcare, Medtronic PLC are some of the key players in the Global Pressure Monitoring Industry. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Pressure Monitoring Industry:
Strength:
Increasing prevalence of chronic diseases
Weakness:
Lack of trained professionals
Opportunities:
Technological advancements
New product launches
Threats:
Intense competition among the producers.
The Therapeutic Application segment is divided into respiratory disorders, glaucoma, cardiac disorders, neurological disorders, dialysis and other therapeutic applications in which cardiac disorders hold the highest share in the Industry due to increasing prevalence of heart-related diseases.
Pressure Monitoring Industry Segmentation:
By Therapeutic Application
• Respiratory Disorders
• Glaucoma
• Cardiac Disorders
• Neurological Disorders
• Dialysis
• Other Therapeutic Applications
By Product type
• Blood Pressure Monitors
• Intraocular Pressure Monitoring
• Pulmonary Pressure Monitoring
• Pulmonary Pressure Monitoring Accessories
By Procedure
• Non Invasive
• Invasive
By End User
• Hospitals
• Home Care Settings
• Ambulatory Surgical Centers/Clinics
• Diagnostic Laboratories
• Other End Users
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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