Pressure Monitoring Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : May 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Pressure Monitoring market size is expected to be worth around US$ 21.9 billion by 2030, according to a new report by Vision Research Reports.

The global Pressure Monitoring market size was valued at US$ 16.7 billion in 2020 and is anticipated to grow at a CAGR of 22.8% during forecast period 2021 to 2030.

Growth Factors

 Pressure fluctuations in vital parts of the body often lead to chronic diseases such as glaucoma, cardiac disorders, and respiratory disorders. This has led to high demand for pressure monitoring devices.

According to the American Heart Association, 77.9 million people were suffering from hypertension in the U.S. in 2014. Patients suffering from lifestyle diseases like cardiac disorders are likely to experience hypertension throughout their life. Hence, there is a growing need for pressure monitoring amongst such kind of patients, thereby, increasing the demand for pressure monitoring devices.

Rising geriatric population is another significant driver stimulating the growth of the market. Aging population commonly suffers from hypertension and is highly susceptible to chronic diseases. This age group that experiences cardiac and respiratory diseases is expected to contribute toward the high growth of the pressure monitoring market in the near future.

Technological advancements are also spurring in the market due to the introduction of novel pressure monitoring devices. Many products are connected to smartphones so that people can self-monitor their blood pressure with ease. In addition, key players are manufacturing devices that measure intraocular pressure in order to reduce the risk of glaucoma.

Report Highlights

BP monitoring devices held the largest market share in 2020 on account of the rising prevalence of pressure fluctuations and hypertension. This has led to the huge adoption of BP monitors amongst such groups of the population.

The market has witnessed technological advancements such as wearable BP monitors that can be connected to smartphone applications. For instance, Philips Healthcare launched the Upper Arm BP monitor, which helps in tracking BP and heart rate while connecting to Philips HealthSuite Health app.

Patients need to monitor their BP at regular intervals in order to combat pressure fluctuations. As per the Center for Disease Control and Prevention (CDC), hypertension affects nearly 1 in every 3 adults of the overall American population. Thus, the presence of a high number of people diagnosed with high BP is anticipated to drive the demand for BP monitoring devices.

Pulmonary pressure monitoring is expected to showcase significant growth over the forecast period. This can be attributed to the rising prevalence of respiratory diseases and their subsequent complications. People with respiratory diseases require a diagnosis in order to check the amount of oxygen content in the blood. This is expected to foster the market growth in the near future.

On the basis of procedure, noninvasive techniques accounted for the largest revenue share, in 2020, owing to the huge adoption of noninvasive BP monitoring devices. Moreover, people prefer the noninvasive techniques of diagnosis to obtain rapid results and avoid complications.

Pulmonary pressure monitors such as pulse oximeters and capnographs majorly involve the noninvasive techniques of measuring the pulse rate. Medtronic introduced Capnostream 35 Portable Respiratory Monitor, which helps in noninvasive, real-time respiratory status monitoring of etCO2, respiration rate, SpO2, and pulse rate.

IOP monitors involve noninvasive devices to measure fluid pressure inside the eye. Patients at a high risk of glaucoma need diagnosis with tonometers, which help detect this disease. For instance, Icare ic100, manufactured by Icare Finland Oy helps in measuring the IOP of the patient.

The invasive technique segment is expected to witness significant CAGR over the forecast period due to rising cases of brain injuries. In such cases, ICP monitoring is required to diagnose the pressure of the blood vessel tissues in order to avoid any severe damage to the brain.

On the basis of application, cardiac disorders held the largest market share in 2020 owing to the rising prevalence of cardiac-related disorders. Cardiac disorders lead to pressure fluctuations. Hypertension is one of the major problems faced by people suffering from cardiac disorders. Hence, such a group of people is likely to generate huge demand for BP monitoring devices.

Respiratory diseases are projected to exhibit significant growth over the forecast period. This can be attributed to the rising prevalence of respiratory disorders, which lead to shortness of breath. With such a growing number of cases of respiratory diseases, there is an escalating need for pulse oximeters, capnographs, and spirometers, which is expected to support the growth of the target market.

Glaucoma is another important segment accelerating the growth of the market. Glaucoma can be detected by measuring the eye fluid pressure. IOP varies throughout the day and night. It also changes as a result of various factors such as respiration, heart rate, and topical drugs.

Neurological disorders might cause damage to the nervous system. With a rise in ICP, the patient might suffer from brain tissue or ischemic neuronal damage. Hence, ICP monitoring is widely used by healthcare professionals in case of brain injuries to examine the condition of the skull.

On the basis of end-use, hospitals dominated the market in 2020 due to the wide usage of pressure monitoring devices in hospital settings. ICP monitors are used in hospitals to examine neurological complications due to brain injury. Other devices such as pulmonary pressure monitors and BP monitors are also used by healthcare professionals in hospitals as a part of any ongoing treatment.

Home care settings are expected to showcase significant growth over the forecast period due to the introduction of a large number of BP monitors that can be used at home. Patients find it convenient to use these technologically advanced devices for self-monitoring of BP.

Ambulatory surgical centers and clinics are also growing at a lucrative rate over the forecast period due to the rising number of people with problems related to pressure fluctuations. Such people need diagnosis at regular intervals, hence they visit clinics for regular BP checkups.

Ambulatory surgical centers also require such monitoring devices during a surgical procedure. These devices help in assessing the condition of the patient for conducting any complex treatment.

North America dominated the market owing to rising healthcare expenditure in the U.S. and the development of sophisticated infrastructure in the country. Moreover, the rising prevalence of cardiac-related disorders in the U.S. is also supporting the growth of this regional market.

Europe held a significant share in 2020 owing to the rising geriatric population base in this region. The geriatric population gets affected by a large number of diseases, for instance, hypertension. Poor heart condition also results in cardiac problems amongst this group of population. As a result of the aforementioned factors, Europe is expected to drive the market at a significant growth rate.

The Asia Pacific is projected to witness the highest growth over the forecast period. This is due to the rising prevalence of chronic diseases such as respiratory and cardiac disorders. People affected with such diseases need pressure monitoring at regular intervals in order to maintain their overall wellbeing.

Key Players

Philips Healthcare; Welch Allyn; GE Healthcare; Drägerwerk AG & Co. KGaA; Medtronic; Becton, Dickinson and Company; Nonin Medical Inc.; A&D Medical; NIHON KOHDEN CORPORATION; Smiths Medical; Icare Finland Oy; Essilor; and NIDEK CO., LTD.

Market Segmentation

  • Product Outlook 

    • BP Monitors/Cardiac Pressure Monitors

      • Device

        • Automated BP Monitors

        • Ambulatory BP Monitors

        • Sphygmomanometers

        • BP Transducers

      • By Accessories

        • BP Cuffs

        • Manometers

        • Valves and Tubings

        • Bulbs

      • By Technology     

        • Digital

        • Aneroid

    • Pulmonary Pressure Monitors

      • Device

        • Oximeters

        • Capnographs

        • Spirometers

      • By Accessories    

        • Flanged Mouth Pieces

        • Nasal Probes & Plugs

        • Filters

    • Intraocular Pressure Monitors

      • Device

      • Accessories         

        • Prisms

        • Tip Covers

        • Sensors

    • Intracranial Pressure Monitors     

  • Procedure Outlook

    • Noninvasive

    • Invasive

  • Application Outlook 

    • Respiratory Disorders

    • Glaucoma

    • Cardiac Disorders

    • Neurological Disorders

    • Dialysis

    • Others

  • End-Use Outlook 

    • Hospitals

    • Home Care Settings

    • Ambulatory Surgical Centers and Clinics

    • Diagnostic Laboratories

    • Others

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

The Pressure Monitoring market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Pressure Monitoring market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Pressure Monitoring market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Pressure Monitoring market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Pressure Monitoring market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Pressure Monitoring capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Pressure Monitoring by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Pressure Monitoring market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Pressure Monitoring market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Pressure Monitoring market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Pressure Monitoring industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Pressure Monitoring 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 Pressure Monitoring market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Pressure Monitoring market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Pressure Monitoring market. These factors have benefited the growth of the global market for Pressure Monitoring. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Pressure Monitoring. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Pressure Monitoring are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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