The Intra Abdominal Pressure Measurement Devices Market
SWOT Analysis
Strength: Intra Abdominal Pressure Measurement Devices allow early detection of increased intra-abdominal pressure which can help clinicians provide timely intervention. These devices are easy to use and provide real-time pressure readings. They are also cost effective compared to other monitoring equipment.
Weakness: Lack of standardized protocols for using intra-abdominal pressure measurement can lead to inconsistent practices. Moreover, frequent calibration is required which increases maintenance costs.
Opportunity: Rising incidences of chronic diseases worldwide increasing the risk of intra-abdominal hypertension. Growing geriatric population also prone to such conditions provides growth opportunities.
Threats: Presence of alternative inexpensive techniques to monitor intra-abdominal pressure without using specialized devices. Stringent regulatory approvals could limit new entrants.
Key Takeaways
The Global Intra Abdominal Pressure Measurement Devices Market Size is expected to witness high growth, exhibiting a CAGR of 16.% over the forecast period, due to increasing prevalence of chronic kidney disease and other abdominal conditions. Monitoring intra-abdominal pressure helps timely intervention and management of such diseases.
Regional analysis: North America dominated the global market in 2023 and is expected to maintain its lead over the forecast period. This is attributed to rising healthcare expenditure and growing adoption of advanced medical technologies in the region. Asia Pacific exhibits fastest growth due to increasing healthcare awareness and improving access to healthcare facilities.
Key players: Key players operating in the Intra Abdominal Pressure Measurement Devices market are 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. These companies primarily focus on new product launches and partnerships with medical facilities to strengthen their market position.
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