The global intra-abdominal pressure measurement devices market is projected to reach USD 175 million by 2026. The market is expected to grow at a compound annual growth rate (CAGR) of 16 per cent during the forecast period. The global intra-abdominal pressure measurement devices market is anticipated to represent incremental opportunity of more than USD 130 million between 2016 and 2026.
One major reason for the growth of the Global Intra-abdominal Pressure Measurement Devices Market is the higher prevalence of intra-abdominal hypertension (IAH). Since there is a high rate of occurrence of intra-abdominal hypertension among patients in intensive care units across the globe, it is likely to propel the demand for intra-abdominal pressure measurement devices over the afore-stated period. According to an article published in the Critical Care Medicine Journal in 2005, intra-abdominal hypertension occurs amongst 81 per cent of the patients admitted in the ICU. Many other important medical publications have validated this observation. Owing to the high prevalence of intra-abdominal hypertension in critically ill patients, dangerous effects on major organ systems can occur, as a result, the intra-abdominal pressure of all patients in the ICU should be tracked during the first few days of admission in the ICU. This practice is also expected to improve patient disease management outcomes.
Secondly, advancements of digital compartment pressure monitors are likely to prove critical for patients and healthcare professionals to get rid of further complications associated with injuries. Consumables nearing expiry or shortage or non-availability of surgeons for monitoring compartment pressure could result into a delay in treatment of patients. On the other hand, digital pressure monitoring devices often prove to be a blessing for patients admitted in the ICU. Growing use and availability of innovative tools, such as, digital pressure monitors is estimated to augment the demand for compartment syndrome measurement devices in the near future.
However, lower costs may lead to quality issues that can hinder the growth of the global intra-abdominal pressure measurement devices market. According to some recent insights, players in the global intra-abdominal pressure measurement devices market are depending more on Chinese suppliers for the supplies of various items. These Chinese players are increasing pressure on their competing companies in the western world to reduce product and component prices by offering products for relatively less price. However, this price pressure on suppliers may adversely affect the quality of the products in the long run, which can deter the growth of the global intra-abdominal pressure measurement devices market during the forecast period.
North America is leading the global intra-abdominal pressure measurement devices market in revenue terms in 2019 and the trend is anticipated to continue throughout the forecast period. North America accounted for 56 per cent value share in 2016 and is estimated to account for 60 per cent share by the end of 2026. In terms of value, the North America market is likely to witness the highest CAGR of 17.3 per cent during the forecast period.
Check the report description at: Global Intra-abdominal Pressure Measurement Devices Market Size, Trends & Analysis - Forecasts To 2026