The global Pressure Monitoring Market size is expected to reach USD 20.3 billion by 2030, expanding at a CAGR of 8.4% from 2024 to 2030, 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.
List of Key
Players of Pressure Monitoring Market
- Philips Healthcare
- GE Healthcare
- Welch Allyn, Inc.
- Medtronic
- Dragerwerk
- Omron Healthcare Welch Allyn, Inc.
- A&D Medical Inc.
- SunTech Medical, Inc.
- American Diagnostics Corp.
- Withings
- Briggs Healthcare
- Rossmax International Ltd.
- Spacelabs Healthcare Inc.
Related Press Release: Pressure Monitoring Market Report
Pressure
Monitoring Market Report Highlights
- The BP monitors/cardiac pressure monitors segment
dominated the market in terms of revenue share of 40.8% in 2023 and is
anticipated to grow at the fastest CAGR during the forecast period, driven
by the increasing prevalence of cardiovascular diseases and hypertension.
- The noninvasive segment dominated the market and
accounted for a 54.6% share in 2023 and is anticipated to grow at the
fastest CAGR of 9.1%. This surge is fueled by increasing patient
preference for noninvasive methods due to their safety, comfort, and
reduced risk of complications compared to invasive procedures.
- The cardiac disorders segment held the largest
market share of 41.8% in 2023. Factors such as the increasing prevalence
of cardiovascular disorders, rising aging populations, and heightened
awareness of heart health contribute to this expansion.
- The hospitals dominated the market with the largest
revenue share of 41.1% in 2023, due to the rising prevalence of chronic
diseases and the increasing need for accurate, continuous patient monitoring.
- The home monitoring segment is expected to
experience the fastest CAGR over the forecast period.
- North America dominated the market and accounted for
a 39.5% share in 2023, driven by the rising prevalence of hypertension and
high blood pressure.
Pressure Monitoring Market
Report Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 12.5 billion |
|
Revenue forecast in 2030 |
USD 20.3 billion |
|
Growth rate |
CAGR of 8.4% from 2024 to 2030 |
|
Actual data |
2018 - 2023 |
|
Forecast period |
2024 - 2030 |
Pressure
Monitoring Market Segmentation
Grand View
Research has segmented global pressure monitoring market report based on
product, procedure, application, end-use, and region:
Pressure
Monitoring Product Outlook (Revenue, USD Million, 2018 - 2030)
- BP Monitors/Cardiac Pressure Monitors
- Device
- Automated BP Monitors
- Ambulatory BP Monitors
- Sphygmomanometers
- BP Transducers
- Accessories
- BP Cuffs
- Manometers
- Valves and Tubings
- Bulbs
- Pulmonary Pressure Monitors
- Device
- Oximeters
- Capnographs
- Spirometers
- Accessories
- Flanged Mouth Pieces
- Nasal Probes & Plugs
- Filters
- Intraocular Pressure Monitors
- Device
- Accessories
- Prisms
- Tip Covers
- Sensors
- Intracranial Pressure Monitors
Pressure
Monitoring Procedure Outlook (Revenue, USD Million, 2018 - 2030)
- Noninvasive
- Invasive
Pressure
Monitoring Application Outlook (Revenue, USD Million, 2018 - 2030)
- Respiratory Disorders
- Glaucoma
- Cardiac Disorders
- Neurological Disorders
- Dialysis
- Others
Pressure
Monitoring End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Home Care Settings
- Ambulatory Surgical Centers and Clinics
- Diagnostic Laboratories
- Others
Pressure
Monitoring Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Latin America
- Brazil
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
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