The Global Intra-abdominal Pressure Measurement Device market is estimated to reach over USD 220.45 Million by 2030, exhibiting a CAGR of 17.8% during the forecast period.
Intra-abdominal hypertension is defined as a blood pressure of more than 12 millimetres of mercury, which is the threshold at which organ dysfunction develops. The market is growing because of the rising incidence rate of intra-abdominal hypertension (IAH) and abdominal compartment syndrome (ACS). The increasing number of patients in critical care units has a positive influence on the market. Additionally, rising R&D efforts, government initiatives to utilize sustainable components in manufacturing, and investments by major companies are likely to generate attractive revenue possibilities for participants in the worldwide Intra-Abdominal Pressure Measurement Devices market throughout the forecast period.
In the case of health instruments and devices, rising research, and development expenditures, particularly in developed and emerging countries, will create even more profitable market growth potential. Research and development capabilities for the creation of pharmaceuticals and other treatment options also contribute to the market's growth pace. On the other hand, market growth is expected to be hampered by high costs associated with research and development capabilities, inadequate infrastructural facilities, and increased complications and concerns around assisted reproductive technology (ART). In addition, in the forecast period, the market is expected to be challenged by a lack of favourable reimbursement scenarios and technology penetration in developing economies, high costs associated with assisted reproductive technology (ART) procedures, and a lack of suitable infrastructure in low- and middle-income countries.
Market Segmentation:
The Intra-Abdominal Pressure Measurement Devices market is categorized based on product, procedure, end-users and application. Based on Product, the market is bifurcated into Disposables and Equipment), Based on Procedure (Muscle and Abdomen), Based on Application, the market is segmented into Intra-Abdominal Hypertension and Intra-Compartment Pressure and Based on End User, the market is segregated into Hospitals, Trauma Centers, Ambulatory Surgical Centers [ASCs], and Clinics.
Based on procedure, the abdomen segment is accounted as a significant contributor in the Intra-Abdominal Pressure Measurement Devices market.
The abdomen category is expected to hold a significant share in the global Intra-Abdominal Pressure Measurement Devices market in 2021. The segment growth is due to an increase in the number of critically ill individuals who have intra-abdominal hypertension. In such patients, increased intra-abdominal pressure impairs organ function, potentially resulting in abdominal compartment syndrome. As increased intra-abdominal pressure impairs organ function in these patients, abdominal compartment syndrome can develop. Direct needle penetration in the abdominal cavity is used to obtain intra-abdominal hypertension measurements.
Hospitals segment witnessed growth at a rapid rate.
The Hospitals segment is expected to expand at a rapid rate in the global Intra-Abdominal Pressure Measurement Devices market. This is due to several advancements in developing a simple and practical way of monitoring intra-abdominal pressure that can be set up quickly even at a remote hospital and has been validated in both experimental and clinical research, especially in countries such as the US, Germany, UK, China, and India.
The North America Intra-Abdominal Pressure Measurement Devices market holds a significant revenue share in the region.
The North America Intra-Abdominal Pressure Measurement Devices market is expected to register the highest market share in terms of revenue soon due to a strong base of healthcare facilities, increasing investment from major players in the growth of advanced devices, an increase in blunt abdominal trauma cases due to motor vehicle accidents, an increase in the number of drug development processes, and an increase in the number of research activities in this region. The market in North America is projected to grow because of supportive health care spending, government efforts, and the desire for better treatment. In addition, Asia Pacific is projected to proliferate in the global intra-abdominal pressure measurement devices market due to increased government attempts to raise awareness, an increase in medical tourism, and an increase in research activity in the region.
Competitive Landscape
The key players in the Intra-Abdominal Pressure Measurement Devices market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the Intra-Abdominal Pressure Measurement Devices market are "C. R. Bard, Inc, C2Dx Inc, Connate Group PLC, Stryker, Spiegel Berg GmbH & Co. KG, Biomatrix Ltd, Centurion Medical Products (Medline), Hi-tech Medical, Adviser Medical LLC, Gaeltacht Devices Ltd., Jurimetrics S.A, Potrero Medical Inc, SSEM Mthembu Medical (Pty) Ltd., Other Prominent Player.
By Product Scope
