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| Intra Abdominal Pressure Measurement Device Market |
The global intra abdominal pressure measurement device market is estimated to be valued at US$ 106.7 million in 2023 and is expected to exhibit a CAGR of 16.1% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Intra abdominal pressure measurement devices are used to measure the pressure inside
the abdominal cavity. These devices play a crucial role in the diagnosis and
management of various abdominal complications, such as intra-abdominal
hypertension and abdominal compartment syndrome. They help in assessing the
risk of organ dysfunction and guiding the treatment process. The need for
accurate and timely measurement of intra-abdominal pressure has led to the
adoption of these devices in various healthcare settings, including hospitals
and ambulatory surgical centers. The advantages of these devices include
non-invasiveness, ease of use, and real-time monitoring.
Market Key Trends:
One key trend in the intra abdominal pressure measurement device market is the
increasing adoption of minimally invasive procedures. Minimally invasive
surgeries have gained popularity over traditional open surgeries due to several
benefits, such as smaller incisions, reduced pain and scarring, faster
recovery, and shorter hospital stays. Intra abdominal pressure measurement
devices play a vital role in monitoring and controlling intra-abdominal
pressure during minimally invasive procedures, ensuring better patient
outcomes. The growth of the market is also driven by the rising prevalence of
abdominal complications, such as liver disease, kidney failure, and trauma,
which necessitate the use of intra abdominal pressure measurement devices for
effective management. Additionally, technological advancements, such as
wireless and portable devices, are further enhancing the adoption of these
devices in healthcare settings.
PEST Analysis:
Political: The political factors impacting the intra-abdominal pressure
measurement device market include government regulations and policies related
to healthcare and medical devices. These regulations can affect the market
dynamics, pricing, and access to the devices.
Economic: The economic factors influencing the market include the overall
economic conditions, healthcare expenditure, and the affordability of
healthcare facilities. As the global economy continues to grow, there is an
increasing focus on improving healthcare infrastructure, which is expected to
drive the demand for intra-abdominal pressure measurement devices.
Social: The social factors impacting the market include the increasing
incidence of abdominal disorders and surgical procedures globally. The growing
awareness among the population regarding the importance of monitoring
intra-abdominal pressure for better patient outcomes also drives the market.
Technological: The technological advancements in intra-abdominal pressure
measurement devices, such as wireless and non-invasive devices, have
significantly improved the accuracy and ease of use. These advancements are
expected to drive the adoption of these devices in the market.
Key Takeaways:
The global Intra
Abdominal Pressure Measurement Devices Market is expected to witness
high growth, exhibiting a CAGR of 16.1%
over the forecast period of 2022-2030. This growth can be attributed to
increasing awareness and the rising incidence of abdominal disorders and
surgical procedures globally.
In terms of regional analysis, North America is expected to be the
fastest-growing and dominating region in the market. The region has
well-established healthcare infrastructure, increasing disposable income, and
higher healthcare expenditure. Additionally, the presence of key market players
in North America contributes to its dominance in the market.
Key players operating in the intra-abdominal pressure measurement device market
include CR. Bard, Inc. (Becton, Dickinson, and Company), ConvaTec Group PLC,
Stryker Corporation, Biometrix Ltd. (Degania Silicone, Ltd.), Centurion Medical
Products (Medline Industries, Inc.), and Potrero Medical. These key players are
engaged in product development, mergers and acquisitions, and strategic collaborations
to gain a competitive edge in the market.
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