Intra abdominal pressure measurement devices are medical devices used to measure pressure inside the abdominal cavity or intra-abdominal hypertension for effective management of critically ill patients. The devices are commonly used in emergency departments, operating rooms and intensive care units for monitoring patients undergoing or recovering from abdominal surgeries. With rising prevalence of chronic diseases leading to complex surgeries and injuries, monitoring intra-abdominal pressure is important for early detection of life-threatening complications. The global Intra Abdominal Pressure Measurement Devices Market is estimated to be valued at US$ 106.07 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity
One of the major growth opportunities for the intra abdominal pressure measurement devices market lies in effective post surgical monitoring and care. According to surgical and medical experts, monitoring intra abdominal pressure in patients undergoing complex abdominal surgeries and those in critical care helps reduce post operative complications and improve outcomes. Conditions like intra abdominal hypertension are linked to organ dysfunction if left undetected in post surgery phase. Early detection enables timely therapeutic interventions like revisions surgeries. With rising surgery volumes and focus on reducing hospital stay and healthcare costs, demand for intra abdominal pressure monitoring devices is expected to significantly grow from hospitals, clinics and ambulatory surgical centers for better post surgical care. This will drive the growth of intra abdominal pressure measurement devices market during the forecast period.
Porter's Analysis
Threat of new entrants: Low capital requirements and established distribution channels lower barriers to entry. However, strong intellectual property protection and customer loyalty to existing brands reduces the threat.
Bargaining power of buyers: Large healthcare providers and group purchasing organizations are able to negotiate lower prices from suppliers. However, lack of substitutes keeps bargaining power in check.
Bargaining power of suppliers: A few major medical device companies dominate supplies, giving them stronger negotiating power over prices. However, this is balanced by their reliance on repeat business.
Threat of new substitutes: No significantly cheaper or more effective alternatives currently exist to directly replace IAP measurement devices.
Competitive rivalry: Major players compete on technology enhancements, product portfolios and customer service. This intense competition keeps prices low and encourages innovation.
SWOT Analysis
Strengths: Growing obese and aging populations increase need for abdominal pressure monitoring in surgery. Advancing technologies enhance accuracy and usability.
Weaknesses: High device and disposables costs are a budget concern for hospitals. Limited clinical evidence dampens demand and reimbursement rates.
Opportunities: Rising incidence of intra-abdominal hypertension in ICU patients opens an emerging market. Adoption in non-operating room settings can expand reach.
Threats: Stringent regulatory approvals delay product launches. Reuse of disposables and sensor-sharing impacts revenues.
Key Takeaways
The global Intra Abdominal Pressure Measurement Devices Market is expected to witness high growth. Advancing medical technologies are enabling minimally invasive surgeries and improved patient outcomes. Growing preference for less painful monitoring methods against traditional bladder pressure methods boost the market.
Regionally, North America dominates due to rapid adoption of novel technologies and strong healthcare infrastructure. However, Asia Pacific is poised to rise at the fastest pace owing to increasing medical tourism, busy surgical schedules and rising healthcare investments.
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. Major players are focused on product innovations, partnerships and geographic expansions.
According to Future Market Insights' survey on physician practice pattern concerning intra-abdominal pressure measurement devices, 33.9% physicians admitted to never measuring bladder pressure in the ICU.Rising prevalence of intra-abdominal hypertension (IAH), combined with development of DEHP-free products is fuelling demand for intra-abdominal pressure measurement devices.
According to a new research by Future Market Insights, the global intra-abdominal pressure measurement devices market will grow at a CAGR of 16.5% to reach US$ 173.3 Mn by 2026.The report predicts adoption of intra-abdominal hypertension (IAH) to witness steady adoption in developing countries.
Further, owing to better sensitivity and accuracy of these devices, many physicians are preferring clinical examination of IAH over physical detection.Use of intra-abdominal pressure measurement devices in abdominal procedures was estimated at 1,472,000 in 2016.
Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-2612North America continued to be the leader in the number of abdominal pressure measurement procedures in 2016.
Of the 1,472,000 procedures carried out in 2016, North America accounted for 647,000.
Western Europe was the second highest region, with 275,000 procedures, whereas Asia Pacific excluding Japan (APEJ) was at third position.By product type, Future Market Insights offers analysis and forecast on disposables and equipment.
