Global Pressure Monitoring Devices Market – Industry Trends and Forecast to 2030

Pressure Monitoring Devices Market Analysis and Size

Pressure monitoring devices are instruments or tools designed to measure and monitor pressure in various systems, substances, or environments. Pressure is typically defined as the force applied over a given area and is measured in units such as Pascal’s (Pa), pounds per square inch (psi), bar, or millimetres of mercury (mmHg). Monitoring pressure is crucial in many industrial, medical, and environmental applications. Safety and Regulatory Compliance, Growing Industrial Automation and growth in health sector are some of the major key areas due to which the global pressure monitoring devices market will see an upsurge in overall growth.

Data Bridge Market Research analyses that the global pressure monitoring devices market which was USD 2.50 billion in 2022, is expected to reach USD 4.26 billion by 2030, and is expected to undergo a CAGR of 7.20% during the forecast period 2023-2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Pressure Monitoring Devices Market Scope and Segmentation

Market Definition

Pressure monitoring devices are instruments designed to measure and monitor the pressure of gases or fluids within a given system. These devices play a crucial role in various industries and applications to ensure safe and efficient operations. These sensors often use technologies such as piezoelectric, strain gauge, or capacitive sensing to detect pressure changes accurately. Pressure transducers are widely utilized in automotive, aerospace, medical, and industrial applications for precise pressure measurement and control.

Global Pressure Monitoring Devices Market Dynamics

Drivers 

• Rise in the Elderly Population

The rise in the elderly population is significantly driving the market for global pressure monitoring devices. As populations in many parts of the world age, there's a growing need to monitor and manage health conditions associated with aging, such as hypertension, heart disease, and respiratory issues. These health conditions often require continuous monitoring of blood pressure and other vital signs, necessitating the use of pressure monitoring devices.

• Technological Advancement and Developments

Technological advancements are propelling the global pressure monitoring devices market to new heights. Innovations in sensor technologies, wireless communication, data analytics, and miniaturization have significantly enhanced the accuracy, efficiency, and versatility of pressure monitoring devices. Miniaturization of components has enabled the development of compact and portable pressure sensors, expanding their applicability across various industries, including healthcare, automotive, manufacturing, and oil and gas.

• Shift of Patients from Hospital Care to Home Care Settings

The shift of patients from traditional hospital care to home care settings has significantly influenced the global pressure monitoring devices market. As healthcare systems increasingly emphasize decentralized care and cost-effective solutions, patients are being encouraged to manage their health conditions from the comfort of their homes. This transition has fueled the demand for reliable and user-friendly pressure monitoring devices that can be used outside of hospital settings. Patients with chronic conditions such as hypertension, diabetes, or respiratory issues often require regular monitoring of blood pressure or intraocular pressure. Home-based pressure monitoring devices enable individuals to track these vital health parameters on a routine basis, empowering them to proactively manage their conditions and communicate real-time data to healthcare professionals for remote monitoring and timely intervention.

Opportunities

• Increase in the Incidence of Chronic Disorders

The escalating incidence of chronic disorders globally is a significant driving force behind the burgeoning global market for pressure monitoring devices. Chronic disorders, such as hypertension, respiratory ailments, cardiovascular diseases, and diabetes, require continuous monitoring of blood pressure and other vital parameters. As the prevalence of these conditions continues to rise due to factors such as aging populations, sedentary lifestyles, and dietary habits, the demand for accurate and reliable pressure monitoring devices has surged.

• Growing Preference for Home Monitoring

The growing preference for home monitoring is significantly driving the global pressure monitoring devices market. As individuals increasingly take charge of their health and wellness, there's a rising trend towards monitoring vital signs within the comfort of one's home. Pressure monitoring devices, such as blood pressure monitors and respiratory pressure monitors, have become essential tools for individuals managing chronic conditions like hypertension or respiratory disorders. These devices empower individuals to track their health regularly, enabling early detection of abnormalities and facilitating timely interventions.

Restraints/Challenge

• High Cost due to Advancements

The pressure monitoring devices market is facing the challenge of increased costs associated with technological advancements. As technological innovations in materials, sensors, data analytics, and connectivity continue to evolve, the development and implementation of advanced pressure monitoring devices have become more complex and resource-intensive. This escalation in costs is often passed on to consumers, making these devices less affordable for some segments of the market, particularly smaller businesses or organizations with limited budgets.

This global pressure monitoring devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global pressure monitoring devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Pressure Monitoring Devices Market Scope

The global pressure monitoring devices market is segmented on the basis of product type, application, route of administration, mode of purchase and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Blood Pressure Monitors
• Automated Blood Pressure Monitors
• Ambulatory Blood Pressure Monitors
• Sphygmomanometers
• Blood Pressure Transducers
• Pulmonary Pressure Monitors
• Oximeters
• Capnogra
• Spirometers
• Intraocular Pressure Monitors
• Intracranial Pressure Monitors

Procedure

• Invasive Monitoring Devices
• External Ventricular Drainage
• Micro-Transducer Monitor
• Non-Invasive Monitoring Devices
• Transcranial Doppler Ultrasonography
• Optic Nerve Sheath Displacement
• MRI/CT
• Tympanic Membrane Displacement (TMD)
• Fundoscopy (papilledema)

Application

• Respiratory Disorders
• Glaucoma
• Cardiac Disorders
• Neurological Disorders
• Dialysis
• Others

End user

• Hospitals
• Home Care Settings
• Ambulatory Surgical Centers and Clinics
• Diagnostic Laboratories
• Other

Global Pressure Monitoring Devices Market Regional Analysis/Insights

The global pressure monitoring devices market is analysed and market size insights and trends are provided by country, product type, application, route of administration, mode of purchase and distribution channel as referenced above.

The countries covered in the global pressure monitoring devices market report are U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, South Africa, and Rest of Middle East and Africa

North America dominates and will register the highest growth rate in the global pressure monitoring devices market  due to rise in the surge in the approvals of products for the treatment and rise in the initiatives taken by the government and pharmaceutical organizations to spread awareness regarding the disease in this region.

Asia-Pacific is the expected to be the fastest growing region in terms of growth in the global pressure monitoring devices market during the forecasted period of 2023 to 2030, due to rise in the prevalence of chronic diseases in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the Market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global pressure monitoring devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global pressure monitoring devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global pressure monitoring devices market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Pressure Monitoring Devices Market Share Analysis

The global pressure monitoring devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global pressure monitoring devices market.

Some of the major players operating in the global pressure monitoring devices market are:

• Withings (France)
• Koninklijke Philips N.V. (Netherlands)
• American Diagnostic Corporation (U.S.)
• General Electric Company (U.S.)
• Welch Allyn (U.S.)
• Omron Corporation (Japan)
• A&D Company, Limited (Japan)
• SunTech Medical, Inc., (U.S.)
• Drägerwerk AG & Co. KGaA (Germany)
• Siemens (Germany)
• Medtronic (Ireland)
• Rossmax International Ltd. (Taiwan)
• GF Health Products, Inc. (U.S.)
• OSI Systems, Inc. (U.S.)
• NIHON KOHDEN CORPORATION (Japan)
• Compumedics Limited (Australia)
• Electrical Geodesics, Inc. (U.S.)
• Smiths Medical (U.S.)
• Raycome (China)

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