Global Intra Abdominal Pressure Measurement Device Market Is Estimated To Witness High Growth Owing To Rising
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 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The intra abdominal pressure measurement device is used to measure the pressure inside the abdominal cavity. It is primarily used in the diagnosis and management of abdominal compartment syndrome (ACS) and intra abdominal hypertension (IAH). These conditions can occur as a result of various abdominal surgeries, trauma, infections, and other medical conditions. The device helps in monitoring and maintaining optimal intra abdominal pressure to prevent further complications and improve patient outcomes.
Market Dynamics:
The market for intra abdominal pressure measurement devices is driven by two main factors. Firstly, the rising prevalence of abdominal complications such as ACS and IAH is increasing the demand for these devices. The growing number of surgical procedures, including abdominal surgeries, is contributing to the rise in complications and the need for intra abdominal pressure monitoring. Additionally, the increasing adoption of minimally invasive surgeries and advancements in technology are fueling market growth.
For example, laparoscopic surgeries are becoming more popular due to their benefits such as smaller incisions, reduced pain, and faster recovery. However, these surgeries can also increase the risk of developing intra abdominal hypertension. Therefore, the demand for intra abdominal pressure measurement devices is increasing to monitor and manage pressure levels during and after these procedures.
SWOT Analysis:
Strength:
1. Accurate and reliable pressure measurement: Intra abdominal pressure measurement devices offer accurate and reliable measurement of pressure inside the abdominal cavity, aiding in the diagnosis and management of abdominal complications.
2. Technological advancements: The market is witnessing technological advancements, such as wireless and non-invasive devices, which are easy to use and provide real-time monitoring.
Weakness:
1. Limited awareness: There is a lack of awareness among healthcare professionals and patients about the importance of monitoring intra abdominal pressure and the availability of these devices.
2. High cost: The cost of intra abdominal pressure measurement devices can be a limiting factor for their adoption, particularly in low- and middle-income countries.
Opportunity:
1. Growing demand in emerging markets: The increasing number of surgeries and improvements in healthcare infrastructure in emerging markets present opportunities for market growth.
2. Expansion of applications: Intra abdominal pressure measurement devices have the potential to be used in various clinical applications beyond abdominal surgeries, such as monitoring pressure in critically ill patients.
Threats:
1. Stringent regulations: The market is subject to strict regulations and quality standards, which can pose challenges for new entrants and impede market growth.
2. Competition from alternative methods: There are alternative methods available for assessing intra abdominal pressure, such as invasive techniques and indirect measurements, which can limit the demand for dedicated intra abdominal pressure measurement devices.
Key Takeaways:
- The global Intra Abdominal Pressure Measurement Device Market Growth is expected to witness high growth, exhibiting a CAGR of 16.1% over the forecast period, due to increasing prevalence of abdominal complications and rising number of surgical procedures.
- The Asia-Pacific region is expected to witness the fastest growth in the market, driven by the rising healthcare expenditure, increasing awareness, and growing geriatric population.
- Key players operating in the global 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.
In conclusion, the global intra abdominal pressure measurement device market is expected to experience significant growth due to the increasing prevalence of abdominal complications and the rise in surgical procedures. The market offers opportunities for technological advancements and expansion into new clinical applications. However, challenges such as limited awareness and high costs need to be addressed to realize the full potential of these devices.
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