The global pressure monitoring market size is expected to reach USD 11.9 billion by 2025, according to a new report by Grand View Research, Inc. 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.
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Further key findings from the study suggest:
In 2016, blood pressure monitoring devices dominated the market owing to the rising prevalence of hypertension and heart-related disorders
Amongst the procedure segment, noninvasive technique held the largest share in 2016 due to wide usage of noninvasive blood pressure monitors
Cardiac disorders accounted for the largest share in 2016 due to the growing prevalence of heart diseases causing blood pressure fluctuations
In 2016, hospitals generated the largest revenue due to its growing usage of invasive as well as non-invasive pressure monitoring devices
North America dominated the pressure monitoring market in 2016 owing to the rising prevalence of cardiac diseases and hypertension in the U.S.
Asia Pacific is expected to showcase lucrative CAGR over the forecast period owing to the rising geriatric population in China
Some of the major players include Philips Healthcare; Medtronic; GE Healthcare; Drägerwerk AG & Co. KGaA; Becton, Dickinson and Company; Welch Allyn; and NIHON KOHDEN CORPORATION.
Grand View Research has segmented the global pressure monitoring market on the basis of product, procedure, application, end-use, and region:
Pressure Monitoring Product Outlook (Revenue, USD Million, 2014 - 2025)
Blood Pressure Monitors/Cardiac Pressure Monitors
Automated BP Monitors
Ambulatory BP Monitors
Blood Pressure Cuffs
Valves and Tubings
Pulmonary Pressure Monitors
Flanged Mouth Pieces
Nasal Probes & Plugs
Intraocular Pressure Monitors
Intracranial Pressure Monitors
Pressure Monitoring Procedure Outlook (Revenue, USD Million, 2014 - 2025)
Pressure Monitoring Application Outlook (Revenue, USD Million, 2014 - 2025)
Pressure Monitoring End-use Outlook (Revenue, USD Million, 2014 - 2025)
Home Care Settings
Ambulatory Surgical Centers and Clinics
Pressure Monitoring Regional Outlook (Revenue, USD Million, 2014 - 2025)
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