Press release
Pressure Monitoring System Market Share by Company 2023: Global Size, Research Report, Covid-19 Data Analysis, Forecast by 2029
Market Overview:The Pressure Monitoring System Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.
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 increase in the prevalence of the above-mentioned diseases and the growing aging population have increased the need for pressure monitoring and control in the market. In addition, pressure monitoring devices are an absolute necessity for accurately measuring and keeping an eye on a patient's hypertension. Due to the high level of accuracy provided by the pulse-checking equipment, medical personnel are able to provide patients with the most effective care possible.
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Market Dynamics
Driver:
Tire Pressure Monitoring System is most commonly used in passenger vehicles, where tire pressure management is regarded as a critical safety feature. The automotive industry is introducing features that reduce collision impact, decreases fatalities, and improve overall vehicle safety, thereby fueling the growth in the automotive Pressure Monitoring System market.
Opportunities:
Owing to road and highway regulations, and increasing government investments in active safety systems and vehicle automation, the market for tire pressure monitoring systems will witness substantial growth. Furthermore, growing usage of sensor technology in vehicles, as well as the rapid development of integrated sensor systems, are anticipated to drive sales of tire pressure monitoring system in the automotive sector. The tire pressure monitoring system market is being propelled by technological advancements and increasing sales of luxury vehicles with new and modified safety features. The shift in consumer perception towards safety systems in passenger and light commercial vehicles provides an opportunity to introduce new technologies in automobiles.
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Market Segmentation
By Device Type
• Blood Pressure
• Intraocular Pressure
• Intracranial Pressure
By End-User
• Hospitals
• Ambulatory Surgical Centers
• Diagnostic
• Others
Regional Analysis of Pressure Monitoring System Market
The market is dominated by North America, which is also responsible for a sizable portion of the total market share. This is the case because North America is the largest market. The expansion of this market is being fueled by a number of different factors, the most important of which are the presence of key market players in North America, the rising prevalence of chronic and acute diseases such as hypertension and cardiac diseases, technological advancements, the acceptability of non-invasive pressure monitors among patients, and the increasing availability of these monitors. Other factors that are contributing to the growth of this market include the increasing availability of these monitors. In addition to this, the government of North America provides financial assistance to businesses that are involved in the production of medical devices.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis On Pressure Monitoring System Market
It is anticipated that the favorable influence that COVID-19 has had on the market for pressure monitoring systems will continue to have an effect for several more years. Because of the emergence of COVID-19, governments all over the world were obliged to enact tight lockdowns and ban the import-export of vital raw material products for the majority of the year 2020 and a few months in 2021.
Even before the COVID-19 global pandemic, there was a growing demand for these kinds of medical equipment patient monitors. However, as the public health crisis continued to develop, the ability to provide care to patients even when medical professionals could not safely be near their patients became increasingly important. The medical device sector can innovate and advance with the support of knowledge and comprehension of the components that make up patient monitoring systems.
Top Key Players Covered In the Pressure Monitoring System Market
1. Philips Healthcare (The Netherlands)
2. GE Healthcare (United Kingdom)
3. Weich Allyn inc. (United States)
4. 3F Medical Systems (China)
5. A&D Company Limited (Japan)
6. Medtronic (United States)
7. Drägerwerk AG & Co KGaA (Germany), and Other Major Players
Key Industry Development In The Pressure Monitoring System Market
In February 2022, InBody has introduced an autonomous blood pressure monitor that may be used at home. Inbody has come out with a brand-new automatic blood pressure monitor called the BP 170. This monitor gives consumers the choice to self-record and keeps track of important health metrics in their own homes. The new device, which employs the oscillometric approach, is capable of correctly monitoring a person's diastolic and systolic blood pressure as well as their pulse rate on a daily basis. The new InBody BP 170 at-home device can be used by attaching the one-touch cuff to one of your arms and beginning the reading with the press of a button.
In May 2021, Biobeat, a global leader in wearable remote patient monitoring solutions for the healthcare continuum, launched its new wearable and continuous ambulatory blood pressure monitoring (ABPM) chest-monitoring device. ABPM stands for ambulatory blood pressure monitoring, and it monitors a patient's blood pressure while they move around.
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Questions And Answers: Global Pressure Monitoring System Market
Q1) What would be the forecast period in the Pressure Monitoring System Market research report?
Answer: The forecast period in the Pressure Monitoring System Market research report is 2023-2029.
Q2) Who are the key players in Pressure Monitoring System Market?
Answer: Philips Healthcare (Netherlands), GE Healthcare (United Kingdom), Weich Allyn inc. (United States), 3F Medical Systems (China), A&D Company Limited (Japan), Medtronic (United States), Drägerwerk AG & Co KGaA (Germany) and Other Major Players.
Q3) What are the segments of the Pressure Monitoring System Market?
Answer: The Pressure Monitoring System Market has been segmented into Device Type, End-User, and region. By Device Type, the market is categorized into Blood Pressure, Intraocular Pressure, and Intracranial Pressure. By End-Users, the market is categorized into Hospitals, Ambulatory Surgical Centers, diagnostics, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Q4) What is the Pressure Monitoring System Market?
Answer: 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 increase in the prevalence of the above-mentioned diseases and the growing aging population has increased the need for pressure monitoring and control in the market.
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