(PharmaNewsWire.Com, September 04, 2019 ) According to research report "Pressure Monitoring Market By by Application (Respiratory, Glaucoma, Dialysis), Product (Device (Blood Pressure, Intracranial Pressure, Intraocular Pressure), Accessory), Procedure (Invasive), End User (Hospital, ASC, Diagnostic) - Global Forecast to 2020", provides a complete summary of the major drivers, restraints, challenges, opportunities, current market trends, and various strategies influencing the pressure monitoring market along with estimates and forecasts of the revenue and market share analysis.
The pressure monitoring market is expected to reach USD 8,040.6 Million by 2020 from USD 6,300.0 Million in 2015, growing at a CAGR of 5.0% from 2015 to 2020. Global market offers a favorable approach for monitoring of various kinds of pressures in the different parts of the body. Pressure monitoring plays an important role in detecting the health problems of a patient. The major fluctuations of pressure in the vital areas of the body may cause various chronic and acute diseases such as diabetes, cardiac arrest, and glaucoma.
The pressure monitoring market is expected to reach USD 8,040.6 Million by 2020 from USD 6,300.0 Million in 2015, growing at a CAGR of 5.0% from 2015 to 2020. Global market offers a favorable approach for monitoring of various kinds of pressures in the different parts of the body. Pressure monitoring plays an important role in detecting the health problems of a patient. The major fluctuations of pressure in the vital areas of the body may cause various chronic and acute diseases such as diabetes, cardiac arrest, and glaucoma.
The report segments the global market on the basis of product type, procedure, therapeutic application, end user, and geography. On the product type, pressure monitoring devices segment is expected to account for the largest share in 2015, closely followed by the pressure monitoring accessories segment. The pressure monitoring device segment is further segmented into blood pressure monitoring devices, intraocular pressure monitoring devices, intracranial pressure monitoring devices. The blood pressure monitoring devices segment is expected to grow at the highest CAGR during the forecast period, owing to increasing prevalence of hypertension, increasing use of non-invasive devices, and patient compliance.
On the basis of end user, the global market is segmented into hospitals, ASCs/clinics, home care settings, diagnostic centers and other end users.
Geographically, the market is dominated by North America, followed by Europe. North America is expected to account for the largest share of the global market in 2015, with Asia having the highest growth rate during the forecast period.
Key players in the pressure monitoring market include Philips Healthcare (The Netherlands), GE Healthcare (U.K.), Welch Allyn, Inc. (U.S.), Medtronic (U.S.), and Drägerwerk AG & Co. KGaA (Germany).
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